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 3922.33% year-on-year from $300.0 million in Q1 2025, and down 71.24% on a QoQ basis from $42.0 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.
- On a quarterly basis, Operating Expenses rose 3922.33% year-over-year to $12.1 billion in Q1 2026; TTM through Mar 2026 was $75.5 billion, a 103.91% increase from a year earlier, with the FY2025 full-year figure at $42.8 billion, down 10.81% from the prior year.
- Operating Expenses for Q1 2026 stood at $12.1 billion, down from $42.0 billion in the prior quarter.
- Over the last five years, Operating Expenses for PAGP reached as high as $42.0 billion in Q4 2025 and fell as low as $300.0 million in Q1 2025.
- Historically, Operating Expenses has averaged $11.0 billion across 5 years, with a median of $11.8 billion in 2023.
- Across the five-year window, Operating Expenses surged 6020.09% in 2022 and slumped 97.42% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $13.0 billion in 2022, then retreated by 14.17% to $11.2 billion in 2023, then gained by 8.07% to $12.1 billion in 2024, then soared by 248.2% to $42.0 billion in 2025, then slumped by 71.24% to $12.1 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $12.1 billion in Q1 2026, $42.0 billion in Q4 2025, and $11.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Plains Gp Holdings | 5.25 Bn | 5.07 Bn | 977.00 Mn | 12.07 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.07 Bn |
| Dec 31, 2025 | 41.96 Bn |
| Sep 30, 2025 | 11.10 Bn |
| Jun 30, 2025 | 10.41 Bn |
| Mar 31, 2025 | 300.00 Mn |
| 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 | 333.00 Mn |
| Mar 31, 2023 | 11.87 Bn |
| Dec 31, 2022 | 12.99 Bn |
| Sep 30, 2022 | 318.00 Mn |
| Jun 30, 2022 | 307.00 Mn |
| Mar 31, 2022 | 13.40 Bn |
| Dec 31, 2021 | 319.00 Mn |
| Sep 30, 2021 | 274.00 Mn |
| Jun 30, 2021 | 10.17 Bn |