Plains Gp Holdings (PAGP) Cost of Revenue (2014 - 2026)
Plains Gp Holdings' (PAGP) quarterly Cost of Revenue came in at $11.5 billion in Q1 2026, up 9.28% year-on-year from $10.5 billion in Q1 2025, and up 20.08% sequentially from $9.6 billion in Q4 2025.
Plains Gp Holdings (PAGP) Cost of Revenue (2014 - 2026) Analysis & Trends
Plains Gp Holdings' Cost of Revenue history runs 13 years deep, the most recent figure standing at $11.5 billion for Q1 2026.
- In Q1 2026, Cost of Revenue rose 9.28% year-over-year to $11.5 billion; the TTM figure through Mar 2026 stood at $41.4 billion (down 7.93% YoY), while the FY2025 annual figure was $40.4 billion, down 10.47% from the prior year.
- Cost of Revenue came in at $11.5 billion for Q1 2026 at Plains Gp Holdings, up 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.
- The 5-year median for Cost of Revenue is $11.1 billion (2023), against an average of $11.4 billion.
- The widest annual swing landed in 2022, when Cost of Revenue surged 72.96%; it then sank 31.19% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $12.0 billion in 2022, then declined by 8.59% to $11.0 billion in 2023, then grew by 1.01% to $11.1 billion in 2024, then declined by 13.59% to $9.6 billion in 2025, then increased by 20.08% to $11.5 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $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 | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.75 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 2.39 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 498.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 2.76 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 270.00 Mn |
| 10 | Plains Gp Holdings | 4.81 Bn | 4.63 Bn | 977.00 Mn | 11.49 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |