Plains Gp Holdings (PAGP) Operating Expenses (2012 - 2026)

Plains Gp Holdings' (PAGP) quarterly Operating Expenses came in at $12.1 billion in Q1 2026, up 3922.33% year-on-year from $300.0 million in Q1 2025, and down 71.24% on a QoQ basis from $42.0 billion in Q4 2025.

Plains Gp Holdings (PAGP) Operating Expenses (2012 - 2026) Analysis & Trends

Plains Gp Holdings (PAGP) has 15 years of Operating Expenses data on file, last reported at $12.1 billion in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 3922.33% year-over-year to $12.1 billion in Q1 2026; TTM through Mar 2026 was $75.5 billion, a 103.91% increase from a year earlier, with the FY2025 full-year figure at $42.8 billion, down 10.81% from the prior year.
  • Operating Expenses for Q1 2026 stood at $12.1 billion, down from $42.0 billion in the prior quarter.
  • Over the last five years, Operating Expenses for PAGP reached as high as $42.0 billion in Q4 2025 and fell as low as $300.0 million in Q1 2025.
  • Historically, Operating Expenses has averaged $11.0 billion across 5 years, with a median of $11.8 billion in 2023.
  • Across the five-year window, Operating Expenses surged 6020.09% in 2022 and slumped 97.42% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $13.0 billion in 2022, then retreated by 14.17% to $11.2 billion in 2023, then gained by 8.07% to $12.1 billion in 2024, then soared by 248.2% to $42.0 billion in 2025, then slumped by 71.24% to $12.1 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $12.1 billion in Q1 2026, $42.0 billion in Q4 2025, and $11.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 78.81 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -21.81 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 3.13 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 13.95 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 12.50 Bn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 915.00 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 24.79 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 333.70 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 7.00 Mn
10 Plains Gp Holdings 5.25 Bn 5.07 Bn 977.00 Mn 12.07 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 12.07 Bn
Dec 31, 2025 41.96 Bn
Sep 30, 2025 11.10 Bn
Jun 30, 2025 10.41 Bn
Mar 31, 2025 300.00 Mn
Dec 31, 2024 12.05 Bn
Sep 30, 2024 12.26 Bn
Jun 30, 2024 12.43 Bn
Mar 31, 2024 11.63 Bn
Dec 31, 2023 11.15 Bn
Sep 30, 2023 11.84 Bn
Jun 30, 2023 333.00 Mn
Mar 31, 2023 11.87 Bn
Dec 31, 2022 12.99 Bn
Sep 30, 2022 318.00 Mn
Jun 30, 2022 307.00 Mn
Mar 31, 2022 13.40 Bn
Dec 31, 2021 319.00 Mn
Sep 30, 2021 274.00 Mn
Jun 30, 2021 10.17 Bn