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 8.5% year-on-year from $11.1 billion in Q1 2025, and up 138.35% sequentially from -$31.5 billion in Q4 2025.

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

Plains Gp Holdings' Operating Expenses history runs 15 years deep, the most recent figure standing at $12.1 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 8.5% year-over-year to $12.1 billion; the TTM figure through Mar 2026 stood at -$8.0 billion (down 122.08% YoY), while the FY2025 annual figure was $1.2 billion, down 21.55% from the prior year.
  • Operating Expenses came in at $12.1 billion for Q1 2026 at Plains Gp Holdings, up from -$31.5 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $55.1 billion in Q4 2022 and troughed at -$31.5 billion in Q4 2025.
  • The 5-year median for Operating Expenses is $11.1 billion (2025), against an average of $8.2 billion.
  • The widest annual swing landed in 2022, when Operating Expenses surged 6020.09%; it then sank 6282.32% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $55.1 billion in 2022, then tumbled by 99.96% to $23.0 million in 2023, then soared by 2113.04% to $509.0 million in 2024, then slumped by 6282.32% to -$31.5 billion in 2025, then surged by 138.35% to $12.1 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $12.1 billion in Q1 2026, -$31.5 billion in Q4 2025, and $11.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 13.95 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 3.38 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 12.50 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 1.70 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 333.70 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.82 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 7.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 274.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.45 Bn
10 Plains Gp Holdings 4.81 Bn 4.63 Bn 977.00 Mn 12.07 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 12.07 Bn
Dec 31, 2025 -31.47 Bn
Sep 30, 2025 11.10 Bn
Jun 30, 2025 286.00 Mn
Mar 31, 2025 11.12 Bn
Dec 31, 2024 509.00 Mn
Sep 30, 2024 12.26 Bn
Jun 30, 2024 12.43 Bn
Mar 31, 2024 358.00 Mn
Dec 31, 2023 23.00 Mn
Sep 30, 2023 372.00 Mn
Jun 30, 2023 11.23 Bn
Mar 31, 2023 357.00 Mn
Dec 31, 2022 55.09 Bn
Sep 30, 2022 13.71 Bn
Jun 30, 2022 15.95 Bn
Mar 31, 2022 13.40 Bn
Dec 31, 2021 -27.78 Bn
Sep 30, 2021 274.00 Mn
Jun 30, 2021 10.17 Bn