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| Date | Value |
|---|---|
| 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 |