Plains Gp Holdings (PAGP) Cost of Revenue (2014 - 2026)

Plains Gp Holdings (PAGP) reported Cost of Revenue of $11.5 billion for Q1 2026, up 9.28% year-over-year from $10.5 billion in Q1 2025, and up 20.08% quarter-over-quarter from $9.6 billion in Q4 2025.

Plains Gp Holdings (PAGP) Cost of Revenue (2014 - 2026) Analysis & Trends

Plains Gp Holdings (PAGP) has 13 years of Cost of Revenue data on file, last reported at $11.5 billion in Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $11.5 billion, up 9.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $41.4 billion (down 7.93% YoY), and the FY2025 annual result was $40.4 billion, down 10.47% from the prior year.
  • Cost of Revenue rose to $11.5 billion in Q1 2026 per PAGP's latest filing, from $9.6 billion in the prior quarter.
  • Over five years, Cost of Revenue peaked at $15.3 billion in Q2 2022 and troughed at $9.6 billion in Q4 2025.
  • A 5-year average of $11.4 billion and a median of $11.1 billion in 2023 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2022 and 2023: Cost of Revenue jumped 72.96% in 2022, then plunged 31.19% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at $12.0 billion in 2022, then dropped by 8.59% to $11.0 billion in 2023, then climbed by 1.01% to $11.1 billion in 2024, then dropped by 13.59% to $9.6 billion in 2025, then grew by 20.08% to $11.5 billion in 2026.
  • Business Quant data shows PAGP's Cost of Revenue at $11.5 billion in Q1 2026, $9.6 billion in Q4 2025, and $10.6 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Enbridge 89.89 Bn 90.59 Bn 6.70 Bn 9.60 Bn
2 Enterprise Products Partners 82.10 Bn 80.95 Bn - -
3 Kinder Morgan 70.96 Bn 72.04 Bn 3.08 Bn 1.75 Bn
4 Energy Transfer 65.68 Bn 64.96 Bn 6.62 Bn 21.15 Bn
5 Scorpio Tankers 59.56 Bn 58.58 Bn - 68.80 Mn
6 Targa Resources 58.53 Bn 58.56 Bn 1.70 Bn 2.39 Bn
7 Oneok 57.23 Bn 57.10 Bn 2.57 Bn 7.05 Bn
8 Mplx 57.20 Bn 55.69 Bn 2.54 Bn 498.00 Mn
9 Tc Energy 51.34 Bn 52.53 Bn 2.95 Bn 39.44 Mn
10 Plains Gp Holdings 4.89 Bn 4.71 Bn 977.00 Mn 11.49 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 11.49 Bn
Mar 31, 2026 11.49 Bn
Dec 31, 2025 9.57 Bn
Dec 31, 2025 9.57 Bn
Sep 30, 2025 10.59 Bn
Sep 30, 2025 10.59 Bn
Jun 30, 2025 9.76 Bn
Jun 30, 2025 9.76 Bn
Mar 31, 2025 10.52 Bn
Mar 31, 2025 10.52 Bn
Dec 31, 2024 11.08 Bn
Dec 31, 2024 11.08 Bn
Sep 30, 2024 11.54 Bn
Sep 30, 2024 11.54 Bn
Jun 30, 2024 11.84 Bn
Jun 30, 2024 11.84 Bn
Mar 31, 2024 10.92 Bn
Mar 31, 2024 10.92 Bn
Dec 31, 2023 10.97 Bn
Dec 31, 2023 10.97 Bn