Plains All American Pipeline, L.P. (PAA) Quarterly Financials

120+ quarters historyFree accessUpdated daily

Plains All American Pipeline, L.P. (PAA) quarterly income statement — complete revenue, gross profit & net income history

Annual Quarterly

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21

Sales/Revenue	12.38B	10.56B	11.58B	10.64B	12.01B	12.4B	12.74B	12.76B	11.99B	12.7B	12.07B	11.6B	12.34B	12.95B	14.34B	16.36B	13.69B	12.99B	10.78B	9.93B
Revenue Growth %	3.09%	-14.82%	-9.14%	-16.58%	0.13%	-2.33%	5.57%	9.96%	-2.8%	-1.96%	-15.8%	-29.08%	-9.88%	-0.28%	33.04%	64.75%	63.35%	117.83%	84.74%	207.91%
Cost of Goods Sold	12.04B	9.85B	11.1B	10.28B	11.39B	12.06B	483M	12.34B	11.53B	12.19B	11.74B	11.14B	11.94B	12.42B	13.63B	15.63B	13.05B	12.3B	10.35B	9.53B
COGS % of Revenue	97.21%	93.26%	95.9%	96.59%	94.84%	97.25%	3.79%	96.76%	96.11%	96.03%	97.24%	95.98%	96.72%	95.92%	95.05%	95.55%	95.27%	94.72%	96.03%	95.96%
Gross Profit	346M	712M	475M	363M	620M	341M	12.26B	413M	466M	504M	333M	466M	405M	528M	709M	728M	648M	686M	428M	401M
Gross Margin %	2.79%	6.74%	4.1%	3.41%	5.16%	2.75%	96.21%	3.24%	3.89%	3.97%	2.76%	4.02%	3.28%	4.08%	4.95%	4.45%	4.73%	5.28%	3.97%	4.04%
Gross Profit Growth %	-44.19%	108.8%	-96.13%	-12.11%	33.05%	-32.34%	3581.68%	-11.37%	15.06%	-4.55%	-53.03%	-35.99%	-37.5%	-23.03%	65.65%	81.55%	-16.06%	37.2%	-9.32%	-10.29%
Operating Expenses	81M	358M	-9M	124M	87M	253M	11.91B	81M	96M	79M	99M	88M	-68M	566M	83M	317M	355M	87M	466M	637M
OpEx % of Revenue	0.65%	3.39%	-0.08%	1.17%	0.72%	2.04%	93.49%	0.63%	0.8%	0.62%	0.82%	0.76%	-0.55%	4.37%	0.58%	1.94%	2.59%	0.67%	4.32%	6.41%
Selling, General & Admin	81M	98M	83M	82M	100M	94M	98M	79M	96M	87M	92M	85M	86M	82M	83M	78M	82M	87M	67M	72M
SG&A % of Revenue	0.65%	0.93%	0.72%	0.77%	0.83%	0.76%	0.77%	0.62%	0.8%	0.69%	0.76%	0.73%	0.7%	0.63%	0.58%	0.48%	0.6%	0.67%	0.62%	0.73%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	0	-1000K	1000K	1000K	-1000K	1000K	0	1000K	1000K	0	1000K	1000K
Operating Income	265M	354M	484M	239M	533M	88M	347M	332M	370M	425M	234M	378M	473M	-38M	626M	411M	293M	599M	-38M	-236M
Operating Margin %	2.14%	3.35%	4.18%	2.25%	4.44%	0.71%	2.72%	2.6%	3.08%	3.35%	1.94%	3.26%	3.83%	-0.29%	4.37%	2.51%	2.14%	4.61%	-0.35%	-2.38%
Operating Income Growth %	-50.28%	302.27%	39.48%	-28.01%	44.05%	-79.29%	48.29%	-12.17%	-21.78%	1218.42%	-62.62%	-8.03%	61.43%	-106.34%	1747.37%	274.15%	-44.3%	1021.54%	-115.02%	-212.38%
EBITDA	508M	611M	714M	443M	795M	345M	605M	527M	624M	697M	495M	637M	729M	216M	864M	654M	523M	822M	139M	-39M
EBITDA Margin %	4.1%	5.78%	6.17%	4.16%	6.62%	2.78%	4.75%	4.13%	5.2%	5.49%	4.1%	5.49%	5.91%	1.67%	6.03%	4%	3.82%	6.33%	1.29%	-0.39%
EBITDA Growth %	-36.1%	77.1%	18.02%	-15.94%	27.4%	-50.5%	22.22%	-17.27%	-14.4%	222.69%	-42.71%	-2.6%	39.39%	-73.72%	521.58%	1776.92%	-25.6%	765.26%	-66.34%	-110.4%
D&A (Non-Cash Add-back)	243M	257M	230M	204M	262M	257M	258M	195M	254M	272M	261M	259M	256M	254M	238M	243M	230M	223M	177M	197M
EBIT	265M	482M	594M	364M	693M	277M	470M	461M	460M	534M	362M	487M	626M	192M	650M	407M	336M	691M	183M	133M
Net Interest Income	-144M	-159M	-112M	-110M	-102M	-89M	-90M	-92M	-95M	-96M	-87M	-89M	-98M	-100M	-99M	-99M	-107M	-106M	-106M	-107M
Interest Income	23M	0	23M	23M	25M	23M	23M	19M	0	0	10M	6M	0	0	0	0	0	0	0	0
Interest Expense	167M	159M	135M	133M	127M	112M	113M	111M	95M	96M	97M	95M	98M	100M	99M	99M	107M	106M	106M	107M
Other Income/Expense	70M	-31M	-25M	-8M	33M	77M	10M	18M	-5M	13M	31M	14M	55M	360M	-75M	-113M	-47M	-14M	13M	30M
Pretax Income	335M	323M	459M	231M	566M	165M	357M	350M	365M	438M	265M	392M	528M	322M	551M	298M	246M	585M	-25M	-206M
Pretax Margin %	2.71%	3.06%	3.96%	2.17%	4.71%	1.33%	2.8%	2.74%	3.04%	3.45%	2.2%	3.38%	4.28%	2.49%	3.84%	1.82%	1.8%	4.5%	-0.23%	-2.07%
Income Tax	1M	-2M	6M	4M	50M	45M	45M	52M	14M	39M	-14M	43M	53M	12M	109M	47M	21M	89M	30M	10M
Effective Tax Rate %	0.3%	-0.62%	1.31%	1.73%	8.83%	27.27%	12.61%	14.86%	3.84%	8.9%	-5.28%	10.97%	10.04%	3.73%	19.78%	15.77%	8.54%	15.21%	-120%	-4.85%
Net Income	152M	342M	441M	210M	443M	36M	220M	250M	266M	312M	203M	293M	422M	263M	384M	203M	187M	450M	-59M	-220M
Net Margin %	1.23%	3.24%	3.81%	1.97%	3.69%	0.29%	1.73%	1.96%	2.22%	2.46%	1.68%	2.53%	3.42%	2.03%	2.68%	1.24%	1.37%	3.46%	-0.55%	-2.22%
Net Income Growth %	-65.69%	850%	100.45%	-16%	66.54%	-88.46%	8.37%	-14.68%	-36.97%	18.63%	-47.14%	44.34%	125.67%	-41.56%	750.85%	192.27%	-55.69%	1707.14%	-141.26%	-254.93%
Net Income (Continuing)	334M	325M	453M	227M	516M	120M	312M	298M	351M	399M	279M	349M	475M	310M	442M	251M	225M	496M	-55M	-216M
Discontinued Operations	-1000K	1000K	1000K	1000K	0	0	0	1000K	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	3.22B	3.24B	3.23B	3.24B	3.23B	3.28B	3.3B	3.3B	3.31B	3.31B	3.27B	3.22B	3.24B	3.27B	2.8B	2.79B	2.81B	2.84B	145M	145M
EPS (Diluted)	0.14	0.41	0.55	0.23	0.49	-0.04	0.22	0.26	0.29	0.35	0.20	0.33	0.52	0.30	0.48	0.22	0.27	0.56	-0.08	-0.31
EPS Growth %	-71.43%	1211.11%	150%	-11.54%	68.97%	-110.54%	10%	-21.21%	-44.23%	16.67%	-58.33%	50%	92.59%	-46.43%	681.82%	170.97%	-47.06%	1550.78%	-141.25%	-255%
EPS (Basic)	0.14	0.41	0.55	0.23	0.49	-0.04	0.22	0.26	0.29	0.35	0.20	0.33	0.52	0.30	0.48	0.22	0.27	0.56	-0.08	-0.31
Diluted Shares Outstanding	706M	706M	704M	703M	704M	704M	702M	701M	701M	701M	700M	698M	698M	698M	698M	702M	705M	709M	715M	720M
Basic Shares Outstanding	706M	706M	704M	703M	704M	704M	702M	701M	701M	701M	700M	698M	698M	698M	698M	702M	705M	709M	715M	720M
Dividend Payout Ratio	194.08%	78.36%	60.54%	127.62%	60.27%	619.44%	101.36%	88.8%	83.83%	60.26%	91.63%	63.82%	44.31%	80.99%	39.58%	75.37%	67.91%	28.44%	-	-

Plains All American Pipeline, L.P. (PAA) Quarterly Financials

120+ quarters historyFree accessUpdated daily

Plains All American Pipeline, L.P. (PAA) quarterly income statement — complete revenue, gross profit & net income history

Annual Quarterly

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21

Sales/Revenue	12.38B	10.56B	11.58B	10.64B	12.01B	12.4B	12.74B	12.76B	11.99B	12.7B	12.07B	11.6B	12.34B	12.95B	14.34B	16.36B	13.69B	12.99B	10.78B	9.93B
Revenue Growth %	3.09%	-14.82%	-9.14%	-16.58%	0.13%	-2.33%	5.57%	9.96%	-2.8%	-1.96%	-15.8%	-29.08%	-9.88%	-0.28%	33.04%	64.75%	63.35%	117.83%	84.74%	207.91%
Cost of Goods Sold	12.04B	9.85B	11.1B	10.28B	11.39B	12.06B	483M	12.34B	11.53B	12.19B	11.74B	11.14B	11.94B	12.42B	13.63B	15.63B	13.05B	12.3B	10.35B	9.53B
COGS % of Revenue	97.21%	93.26%	95.9%	96.59%	94.84%	97.25%	3.79%	96.76%	96.11%	96.03%	97.24%	95.98%	96.72%	95.92%	95.05%	95.55%	95.27%	94.72%	96.03%	95.96%
Gross Profit	346M	712M	475M	363M	620M	341M	12.26B	413M	466M	504M	333M	466M	405M	528M	709M	728M	648M	686M	428M	401M
Gross Margin %	2.79%	6.74%	4.1%	3.41%	5.16%	2.75%	96.21%	3.24%	3.89%	3.97%	2.76%	4.02%	3.28%	4.08%	4.95%	4.45%	4.73%	5.28%	3.97%	4.04%
Gross Profit Growth %	-44.19%	108.8%	-96.13%	-12.11%	33.05%	-32.34%	3581.68%	-11.37%	15.06%	-4.55%	-53.03%	-35.99%	-37.5%	-23.03%	65.65%	81.55%	-16.06%	37.2%	-9.32%	-10.29%
Operating Expenses	81M	358M	-9M	124M	87M	253M	11.91B	81M	96M	79M	99M	88M	-68M	566M	83M	317M	355M	87M	466M	637M
OpEx % of Revenue	0.65%	3.39%	-0.08%	1.17%	0.72%	2.04%	93.49%	0.63%	0.8%	0.62%	0.82%	0.76%	-0.55%	4.37%	0.58%	1.94%	2.59%	0.67%	4.32%	6.41%
Selling, General & Admin	81M	98M	83M	82M	100M	94M	98M	79M	96M	87M	92M	85M	86M	82M	83M	78M	82M	87M	67M	72M
SG&A % of Revenue	0.65%	0.93%	0.72%	0.77%	0.83%	0.76%	0.77%	0.62%	0.8%	0.69%	0.76%	0.73%	0.7%	0.63%	0.58%	0.48%	0.6%	0.67%	0.62%	0.73%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	0	-1000K	1000K	1000K	-1000K	1000K	0	1000K	1000K	0	1000K	1000K
Operating Income	265M	354M	484M	239M	533M	88M	347M	332M	370M	425M	234M	378M	473M	-38M	626M	411M	293M	599M	-38M	-236M
Operating Margin %	2.14%	3.35%	4.18%	2.25%	4.44%	0.71%	2.72%	2.6%	3.08%	3.35%	1.94%	3.26%	3.83%	-0.29%	4.37%	2.51%	2.14%	4.61%	-0.35%	-2.38%
Operating Income Growth %	-50.28%	302.27%	39.48%	-28.01%	44.05%	-79.29%	48.29%	-12.17%	-21.78%	1218.42%	-62.62%	-8.03%	61.43%	-106.34%	1747.37%	274.15%	-44.3%	1021.54%	-115.02%	-212.38%
EBITDA	508M	611M	714M	443M	795M	345M	605M	527M	624M	697M	495M	637M	729M	216M	864M	654M	523M	822M	139M	-39M
EBITDA Margin %	4.1%	5.78%	6.17%	4.16%	6.62%	2.78%	4.75%	4.13%	5.2%	5.49%	4.1%	5.49%	5.91%	1.67%	6.03%	4%	3.82%	6.33%	1.29%	-0.39%
EBITDA Growth %	-36.1%	77.1%	18.02%	-15.94%	27.4%	-50.5%	22.22%	-17.27%	-14.4%	222.69%	-42.71%	-2.6%	39.39%	-73.72%	521.58%	1776.92%	-25.6%	765.26%	-66.34%	-110.4%
D&A (Non-Cash Add-back)	243M	257M	230M	204M	262M	257M	258M	195M	254M	272M	261M	259M	256M	254M	238M	243M	230M	223M	177M	197M
EBIT	265M	482M	594M	364M	693M	277M	470M	461M	460M	534M	362M	487M	626M	192M	650M	407M	336M	691M	183M	133M
Net Interest Income	-144M	-159M	-112M	-110M	-102M	-89M	-90M	-92M	-95M	-96M	-87M	-89M	-98M	-100M	-99M	-99M	-107M	-106M	-106M	-107M
Interest Income	23M	0	23M	23M	25M	23M	23M	19M	0	0	10M	6M	0	0	0	0	0	0	0	0
Interest Expense	167M	159M	135M	133M	127M	112M	113M	111M	95M	96M	97M	95M	98M	100M	99M	99M	107M	106M	106M	107M
Other Income/Expense	70M	-31M	-25M	-8M	33M	77M	10M	18M	-5M	13M	31M	14M	55M	360M	-75M	-113M	-47M	-14M	13M	30M
Pretax Income	335M	323M	459M	231M	566M	165M	357M	350M	365M	438M	265M	392M	528M	322M	551M	298M	246M	585M	-25M	-206M
Pretax Margin %	2.71%	3.06%	3.96%	2.17%	4.71%	1.33%	2.8%	2.74%	3.04%	3.45%	2.2%	3.38%	4.28%	2.49%	3.84%	1.82%	1.8%	4.5%	-0.23%	-2.07%
Income Tax	1M	-2M	6M	4M	50M	45M	45M	52M	14M	39M	-14M	43M	53M	12M	109M	47M	21M	89M	30M	10M
Effective Tax Rate %	0.3%	-0.62%	1.31%	1.73%	8.83%	27.27%	12.61%	14.86%	3.84%	8.9%	-5.28%	10.97%	10.04%	3.73%	19.78%	15.77%	8.54%	15.21%	-120%	-4.85%
Net Income	152M	342M	441M	210M	443M	36M	220M	250M	266M	312M	203M	293M	422M	263M	384M	203M	187M	450M	-59M	-220M
Net Margin %	1.23%	3.24%	3.81%	1.97%	3.69%	0.29%	1.73%	1.96%	2.22%	2.46%	1.68%	2.53%	3.42%	2.03%	2.68%	1.24%	1.37%	3.46%	-0.55%	-2.22%
Net Income Growth %	-65.69%	850%	100.45%	-16%	66.54%	-88.46%	8.37%	-14.68%	-36.97%	18.63%	-47.14%	44.34%	125.67%	-41.56%	750.85%	192.27%	-55.69%	1707.14%	-141.26%	-254.93%
Net Income (Continuing)	334M	325M	453M	227M	516M	120M	312M	298M	351M	399M	279M	349M	475M	310M	442M	251M	225M	496M	-55M	-216M
Discontinued Operations	-1000K	1000K	1000K	1000K	0	0	0	1000K	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	3.22B	3.24B	3.23B	3.24B	3.23B	3.28B	3.3B	3.3B	3.31B	3.31B	3.27B	3.22B	3.24B	3.27B	2.8B	2.79B	2.81B	2.84B	145M	145M
EPS (Diluted)	0.14	0.41	0.55	0.23	0.49	-0.04	0.22	0.26	0.29	0.35	0.20	0.33	0.52	0.30	0.48	0.22	0.27	0.56	-0.08	-0.31
EPS Growth %	-71.43%	1211.11%	150%	-11.54%	68.97%	-110.54%	10%	-21.21%	-44.23%	16.67%	-58.33%	50%	92.59%	-46.43%	681.82%	170.97%	-47.06%	1550.78%	-141.25%	-255%
EPS (Basic)	0.14	0.41	0.55	0.23	0.49	-0.04	0.22	0.26	0.29	0.35	0.20	0.33	0.52	0.30	0.48	0.22	0.27	0.56	-0.08	-0.31
Diluted Shares Outstanding	706M	706M	704M	703M	704M	704M	702M	701M	701M	701M	700M	698M	698M	698M	698M	702M	705M	709M	715M	720M
Basic Shares Outstanding	706M	706M	704M	703M	704M	704M	702M	701M	701M	701M	700M	698M	698M	698M	698M	702M	705M	709M	715M	720M
Dividend Payout Ratio	194.08%	78.36%	60.54%	127.62%	60.27%	619.44%	101.36%	88.8%	83.83%	60.26%	91.63%	63.82%	44.31%	80.99%	39.58%	75.37%	67.91%	28.44%	-	-

PAA Income Statement

PAA Income Statement