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 8.5% year-on-year from $11.1 billion in Q1 2025, and up 138.35% sequentially from -$31.5 billion in Q4 2025.
Plains Gp Holdings (PAGP) Operating Expenses (2012 - 2026) Analysis & Trends
Plains Gp Holdings' Operating Expenses history runs 15 years deep, the most recent figure standing at $12.1 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 8.5% year-over-year to $12.1 billion; the TTM figure through Mar 2026 stood at -$8.0 billion (down 122.08% YoY), while the FY2025 annual figure was $1.2 billion, down 21.55% from the prior year.
- Operating Expenses came in at $12.1 billion for Q1 2026 at Plains Gp Holdings, up 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.
- The 5-year median for Operating Expenses is $11.1 billion (2025), against an average of $8.2 billion.
- The widest annual swing landed in 2022, when Operating Expenses surged 6020.09%; it then sank 6282.32% in 2025.
- A 5-year view of Operating Expenses shows it stood at $55.1 billion in 2022, then tumbled by 99.96% to $23.0 million in 2023, then soared by 2113.04% to $509.0 million in 2024, then slumped by 6282.32% to -$31.5 billion in 2025, then surged by 138.35% to $12.1 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $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 | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | Plains Gp Holdings | 4.81 Bn | 4.63 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 |