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

Plains Gp Holdings (PAGP) reported Operating Expenses of $12.1 billion for Q1 2026, up 8.5% year-over-year from $11.1 billion in Q1 2025, and up 138.35% quarter-over-quarter from -$31.5 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.

  • Operating Expenses for Q1 2026 came in at $12.1 billion, up 8.5% year-over-year; the trailing twelve-month figure through Mar 2026 was -$8.0 billion (down 122.08% YoY), and the FY2025 annual result was $1.2 billion, down 21.55% from the prior year.
  • Operating Expenses advanced to $12.1 billion in Q1 2026 per PAGP's latest filing, 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.
  • A 5-year average of $8.2 billion and a median of $11.1 billion in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 6020.09% in 2022, then plunged 6282.32% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $55.1 billion in 2022, then slumped by 99.96% to $23.0 million in 2023, then surged by 2113.04% to $509.0 million in 2024, then sank by 6282.32% to -$31.5 billion in 2025, then jumped by 138.35% to $12.1 billion in 2026.
  • Business Quant data shows PAGP's Operating Expenses at $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 88.33 Bn 89.03 Bn 6.70 Bn 13.95 Bn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 12.50 Bn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 3.38 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 1.70 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -93.35 Mn
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 1.82 Bn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 333.70 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 7.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 915.00 Mn
10 Plains Gp Holdings 4.82 Bn 4.65 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