Crude Oil was Plains All American Pipeline’s largest segment in fiscal 2025, bringing in $42.37B of $42.52B (100%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Crude Oil | $53.84B | $45.59B | $47.03B | $42.37B | |||||||||||||
| Supply & Logistics | — | — | — | — | |||||||||||||
| Total Revenues | — | — | — | — | |||||||||||||
| Revenues | — | — | — | — | |||||||||||||
| Ngl | $2.58B | $186.00M | $187.00M | $151.00M | |||||||||||||
| Transportation | — | — | — | — | |||||||||||||
| Facilities | — | — | — | — | |||||||||||||
| Total | $56.42B | $45.77B | $47.22B | $42.52B |
Plains All American Pipeline brought in $42.52B from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 9.9% from $47.22B in fiscal 2024. Crude Oil was the largest at $42.37B (99.6%), ahead of Ngl at $151.00M (0.4%).
From fiscal 2022 to 2025, combined revenue from these segments fell from $56.42B to $42.52B, a compound annual decline of 9.0%. Crude Oil's share of the total rose from 95.4% to 99.6%.
United States was Plains All American Pipeline’s largest region in fiscal 2025, bringing in $39.76B of $44.26B (90%).
| Geography | FY 2008 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2015 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $46.90B | $41.74B | $43.54B | $39.76B | |||||||||||
| Total Revenues | — | — | — | — | |||||||||||
| Revenues | — | — | — | — | |||||||||||
| Canada | $10.44B | $5.60B | $5.35B | $4.50B | |||||||||||
| Total | $57.34B | $47.34B | $48.89B | $44.26B |
Plains All American Pipeline brought in $44.26B from its two regions in fiscal 2025, the year ended December 31, 2025. That was down 9.5% from $48.89B in fiscal 2024. United States was the largest at $39.76B (89.8%), ahead of Canada at $4.50B (10.2%).
Compared with fiscal 2024, United States fell 8.7% to $39.76B and Canada fell 15.9% to $4.50B. From fiscal 2022 to 2025, combined revenue from these regions fell from $57.34B to $44.26B, a compound annual decline of 8.3%. United States' share of the total rose from 81.8% to 89.8%.
Sales was Plains All American Pipeline’s largest product and service line in fiscal 2025, bringing in $42.36B of $44.11B (96%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Sales | $53.37B | $45.57B | $47.02B | $42.36B | |||
| Product Sales | — | — | — | — | |||
| Service | — | $3.18B | $3.38B | $1.76B | |||
| Services | $1.21B | — | — | — | |||
| Total | $54.58B | $48.74B | $50.39B | $44.11B |
Plains All American Pipeline brought in $44.11B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 12.5% from $50.39B in fiscal 2024. Sales was the largest at $42.36B (96.0%), ahead of Service at $1.76B (4.0%).
Compared with fiscal 2024, Sales fell 9.9% to $42.36B and Service fell 48.0% to $1.76B.
Plains All American Pipeline began breaking out Service in fiscal 2023, when it brought in $3.18B. Plains All American Pipeline stopped reporting Services as a separate line after fiscal 2022, when it brought in $1.21B.
Plains All American Pipeline (PAA) reports its revenue by segment, by geography and by product and service. In fiscal 2025, Crude Oil was its largest segment, bringing in $42.37B (99.6% of the total), followed by Ngl at $151.00M (0.4%).
Crude Oil was Plains All American Pipeline's largest segment in fiscal 2025, bringing in $42.37B, or 99.6% of the $42.52B total across its two segments.
United States was Plains All American Pipeline's largest region in fiscal 2025, bringing in $39.76B, or 89.8% of the $44.26B total across its two regions.
Sales was Plains All American Pipeline's largest product and service line in fiscal 2025, bringing in $42.36B, or 96.0% of the $44.11B total across its two product and service lines.
Every figure comes from Plains All American Pipeline's annual financial filings, as reported. Each line keeps the name Plains All American Pipeline gives it, and years follow its fiscal calendar.
Plains All American Pipeline's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.