Plains Gp Holdings (PAGP) Operating Expenses (2012 - 2026)
Plains Gp Holdings' (PAGP) quarterly Operating Expenses came in at $17.3 billion in Q2 2026, up 66.23% year-over-year from $10.4 billion in Q2 2025, and up 43.33% quarter-over-quarter from $12.1 billion in Q1 2026.
Analysis
Plains Gp Holdings (PAGP) Operating Expenses (2012 - 2026) Analysis & Trends
Plains Gp Holdings (PAGP) has reported Operating Expenses for 15 consecutive years, with $17.3 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 66.23% year-over-year to $17.3 billion in Q2 2026; TTM through Jun 2026 was $50.7 billion, a 10.54% increase from a year earlier, with the FY2025 full-year figure at $42.8 billion, down 10.81% from the prior year.
- Operating Expenses was $17.3 billion for Q2 2026 at Plains Gp Holdings, up from $12.1 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $17.3 billion in Q2 2026 and troughed at $10.2 billion in Q4 2025.
- A 5-year average of $12.4 billion and a median of $12.0 billion in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 70.54% in 2022 and decreased 29.62% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $13.0 billion in 2022, then slipped by 14.17% to $11.2 billion in 2023, then climbed by 8.07% to $12.1 billion in 2024, then fell by 15.26% to $10.2 billion in 2025, then soared by 69.37% to $17.3 billion in 2026.
- The last three Operating Expenses figures came in at $17.3 billion (Q2 2026), $12.1 billion (Q1 2026), and $10.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 354.10 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 19.09 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 132.00 Mn |
| 10 | Plains Gp Holdings | 5.52 Bn | 4.46 Bn | 1.14 Bn | 17.30 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.30 Bn |
| Mar 31, 2026 | 12.07 Bn |
| Dec 31, 2025 | 10.21 Bn |
| Sep 30, 2025 | 11.10 Bn |
| Jun 30, 2025 | 10.41 Bn |
| Mar 31, 2025 | 11.12 Bn |
| 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 | 11.23 Bn |
| Mar 31, 2023 | 11.87 Bn |
| Dec 31, 2022 | 12.99 Bn |
| Sep 30, 2022 | 13.71 Bn |
| Jun 30, 2022 | 15.95 Bn |
| Mar 31, 2022 | 13.40 Bn |
| Dec 31, 2021 | 12.39 Bn |
| Sep 30, 2021 | 10.82 Bn |