Plains All American Pipeline Lp annual operating margin
2007
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2016
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2019
2020
2021
2022
2023
2024
2025
Plains All American Pipeline Lp Operating Margin Growth & History (PAA)
Plains All American Pipeline Lp's operating margin was 3.24% for fiscal 2025.
View full Plains All American Pipeline Lp company overviewPlains All American Pipeline Lp annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 3.24% | +1.46 pp |
| 2024 | 2024-12-31 | 1.78% | −0.88 pp |
| 2023 | 2023-12-31 | 2.66% | +0.40 pp |
| 2022 | 2022-12-31 | 2.25% | +0.23 pp |
| 2021 | 2021-12-31 | 2.02% | +12.22 pp |
| 2020 | 2020-12-31 | −10.20% | −16.10 pp |
| 2019 | 2019-12-31 | 5.90% | −0.78 pp |
| 2018 | 2018-12-31 | 6.69% | +2.29 pp |
| 2017 | 2017-12-31 | 4.40% | −0.53 pp |
| 2016 | 2016-12-31 | 4.93% | −0.53 pp |
| 2015 | 2015-12-31 | 5.45% | +1.31 pp |
| 2014 | 2014-12-31 | 4.14% | +0.03 pp |
| 2013 | 2013-12-31 | 4.11% | +0.34 pp |
| 2012 | 2012-12-31 | 3.77% | −0.02 pp |
| 2011 | 2011-12-31 | 3.79% | +0.82 pp |
| 2010 | 2010-12-31 | 2.96% | −1.24 pp |
| 2009 | 2009-12-31 | 4.21% | +2.23 pp |
| 2008 | 2008-12-31 | 1.98% | −0.56 pp |
| 2007 | 2007-12-31 | 2.54% | — |
Plains All American Pipeline Lp quarterly operating margin
Q2.08
Q3.08
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.25% | +0.00 pp |
| Q1 2026 | 2026-03-31 | 3.25% | +0.15 pp |
| Q4 2025 | 2025-12-31 | 3.36% | +3.49 pp |
| Q3 2025 | 2025-09-30 | 4.18% | +2.61 pp |
| Q2 2025 | 2025-06-30 | 2.25% | −0.36 pp |
| Q1 2025 | 2025-03-31 | 3.10% | +0.04 pp |
| Q4 2024 | 2024-12-31 | −0.13% | −1.66 pp |
| Q3 2024 | 2024-09-30 | 1.57% | −0.36 pp |
| Q2 2024 | 2024-06-30 | 2.60% | −0.66 pp |
| Q1 2024 | 2024-03-31 | 3.06% | −0.77 pp |
| Q4 2023 | 2023-12-31 | 1.53% | +1.82 pp |
| Q3 2023 | 2023-09-30 | 1.94% | −2.43 pp |
| Q2 2023 | 2023-06-30 | 3.26% | +0.75 pp |
| Q1 2023 | 2023-03-31 | 3.83% | +1.69 pp |
| Q4 2022 | 2022-12-31 | −0.29% | −4.90 pp |
| Q3 2022 | 2022-09-30 | 4.37% | +4.72 pp |
| Q2 2022 | 2022-06-30 | 2.51% | +4.89 pp |
| Q1 2022 | 2022-03-31 | 2.14% | −4.13 pp |
| Q4 2021 | 2021-12-31 | 4.61% | +5.70 pp |
| Q3 2021 | 2021-09-30 | −0.35% | −4.69 pp |
| Q2 2021 | 2021-06-30 | −2.38% | −8.89 pp |
| Q1 2021 | 2021-03-31 | 6.27% | +39.81 pp |
| Q4 2020 | 2020-12-31 | −1.09% | −4.71 pp |
| Q3 2020 | 2020-09-30 | 4.34% | −1.90 pp |
| Q2 2020 | 2020-06-30 | 6.51% | +1.05 pp |
| Q1 2020 | 2020-03-31 | −33.53% | −42.06 pp |
| Q4 2019 | 2019-12-31 | 3.62% | −11.35 pp |
| Q3 2019 | 2019-09-30 | 6.24% | +0.63 pp |
| Q2 2019 | 2019-06-30 | 5.46% | +4.38 pp |
| Q1 2019 | 2019-03-31 | 8.53% | +3.99 pp |
| Q4 2018 | 2018-12-31 | 14.97% | +11.54 pp |
| Q3 2018 | 2018-09-30 | 5.61% | +4.86 pp |
| Q2 2018 | 2018-06-30 | 1.09% | −3.14 pp |
| Q1 2018 | 2018-03-31 | 4.54% | −4.33 pp |
| Q4 2017 | 2017-12-31 | 3.43% | −0.23 pp |
| Q3 2017 | 2017-09-30 | 0.75% | −6.00 pp |
| Q2 2017 | 2017-06-30 | 4.23% | +1.28 pp |
| Q1 2017 | 2017-03-31 | 8.86% | +2.00 pp |
| Q4 2016 | 2016-12-31 | 3.66% | −3.22 pp |
| Q3 2016 | 2016-09-30 | 6.75% | +0.72 pp |
| Q2 2016 | 2016-06-30 | 2.95% | −0.22 pp |
| Q1 2016 | 2016-03-31 | 6.86% | +0.60 pp |
| Q4 2015 | 2015-12-31 | 6.89% | +1.26 pp |
| Q3 2015 | 2015-09-30 | 6.03% | +2.39 pp |
| Q2 2015 | 2015-06-30 | 3.17% | −0.11 pp |
| Q1 2015 | 2015-03-31 | 6.26% | +2.02 pp |
| Q4 2014 | 2014-12-31 | 5.62% | +1.92 pp |
| Q3 2014 | 2014-09-30 | 3.65% | +0.88 pp |
| Q2 2014 | 2014-06-30 | 3.28% | −0.44 pp |
| Q1 2014 | 2014-03-31 | 4.24% | −1.93 pp |
| Q4 2013 | 2013-12-31 | 3.71% | −0.55 pp |
| Q3 2013 | 2013-09-30 | 2.77% | +0.12 pp |
| Q2 2013 | 2013-06-30 | 3.72% | −1.00 pp |
| Q1 2013 | 2013-03-31 | 6.17% | +2.77 pp |
| Q4 2012 | 2012-12-31 | 4.26% | +0.22 pp |
| Q3 2012 | 2012-09-30 | 2.64% | −1.40 pp |
| Q2 2012 | 2012-06-30 | 4.72% | +1.36 pp |
| Q1 2012 | 2012-03-31 | 3.40% | −0.31 pp |
| Q4 2011 | 2011-12-31 | 4.04% | +1.10 pp |
| Q3 2011 | 2011-09-30 | 4.04% | +1.70 pp |
| Q2 2011 | 2011-06-30 | 3.36% | +0.23 pp |
| Q1 2011 | 2011-03-31 | 3.70% | +0.26 pp |
| Q4 2010 | 2010-12-31 | 2.95% | +0.10 pp |
| Q3 2010 | 2010-09-30 | 2.34% | −1.08 pp |
| Q2 2010 | 2010-06-30 | 3.14% | −1.14 pp |
| Q1 2010 | 2010-03-31 | 3.44% | −4.31 pp |
| Q4 2009 | 2009-12-31 | 2.85% | — |
| Q3 2009 | 2009-09-30 | 3.42% | +0.68 pp |
| Q2 2009 | 2009-06-30 | 4.27% | +3.38 pp |
| Q1 2009 | 2009-03-31 | 7.75% | — |
| Q3 2008 | 2008-09-30 | 2.74% | — |
| Q2 2008 | 2008-06-30 | 0.89% | — |
Plains All American Pipeline Lp operating margin trends
Over the last five fiscal years, Plains All American Pipeline Lp's operating margin increased from −10.20% to 3.24%, a change of +13.44 percentage points. The latest reported quarter, Q2 2026, shows 2.25%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Plains All American Pipeline Lp source filings ↗Community posts
Plains agrees to buy Powder River Basin assets for $585 million
Plains ($PAA) agreed to acquire Silver Creek’s Powder River Basin crude-oil infrastructure for $585 million in cash. The package includes approximately 600 miles of pipelines, 1.2 million barrels of storage and a 49% non-operated interest i ...
