Plains All American Pipeline (PAAPU) Operating Income (2009 - 2026)
Plains All American Pipeline (PAAPU) posted Operating Income of $405.0 million for Q1 2026, up 14.08% on a QoQ basis from $355.0 million in Q4 2025, and up 13.76% year-on-year from $356.0 million in Q1 2025.
Plains All American Pipeline (PAAPU) Operating Income (2009 - 2026) Analysis & Trends
Plains All American Pipeline has disclosed Operating Income across 18 years of filings, most recently posting $405.0 million for Q1 2026.
- Operating Income for Q1 2026 came in at $405.0 million, up 13.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 70.85% YoY), and the FY2025 annual result was $1.4 billion, up 65.21% from the prior year.
- Operating Income came in at $405.0 million for Q1 2026 at Plains All American Pipeline, up from $355.0 million in the prior quarter.
- Over the last five years, Operating Income for PAAPU reached as high as $626.0 million in Q3 2022 and fell as low as -$38.0 million in Q4 2022.
- Median Operating Income over the past 5 years was $355.0 million (2025), compared with a mean of $309.2 million.
- Year-over-year, Operating Income slumped 109.25% in 2024 and surged 2318.75% in 2025.
- Over 5 years, Operating Income stood at -$38.0 million in 2022, then surged by 555.26% to $173.0 million in 2023, then tumbled by 109.25% to -$16.0 million in 2024, then surged by 2318.75% to $355.0 million in 2025, then rose by 14.08% to $405.0 million in 2026.
- Per Business Quant, the three latest PAAPU Operating Income figures stand at $405.0 million (Q1 2026), $355.0 million (Q4 2025), and $484.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 2.35 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.44 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.90 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 2.98 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 846.90 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.21 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 1.43 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 361.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 1.15 Bn |
| 10 | Plains All American Pipeline | - | - | 977.00 Mn | 405.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 405.00 Mn |
| Dec 31, 2025 | 355.00 Mn |
| Sep 30, 2025 | 484.00 Mn |
| Jun 30, 2025 | 239.00 Mn |
| Mar 31, 2025 | 356.00 Mn |
| Dec 31, 2024 | -16.00 Mn |
| Sep 30, 2024 | 196.00 Mn |
| Jun 30, 2024 | 332.00 Mn |
| Mar 31, 2024 | 356.00 Mn |
| Dec 31, 2023 | 173.00 Mn |
| Sep 30, 2023 | 234.00 Mn |
| Jun 30, 2023 | 378.00 Mn |
| Mar 31, 2023 | 473.00 Mn |
| Dec 31, 2022 | -38.00 Mn |
| Sep 30, 2022 | 626.00 Mn |
| Jun 30, 2022 | 411.00 Mn |
| Mar 31, 2022 | 293.00 Mn |
| Dec 31, 2021 | 599.00 Mn |
| Sep 30, 2021 | -38.00 Mn |
| Jun 30, 2021 | -236.00 Mn |