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| 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 |