Plains Gp Holdings PAGP
NASDAQ PAGP
$27.89 +0.21 (+0.76%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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