What is Plains All American Pipeline, L.P.'s ngl — property and equipment?

Plains All American Pipeline, L.P. (PAA) reported ngl — property and equipment of $365.00M in Q4 2025.

What does ngl — property and equipment mean?

The total value of physical infrastructure owned by the Natural Gas Liquids segment.

Plains All American Pipeline, L.P. NGL — PROPERTY AND EQUIPMENT increased by 0.3% to $365.00M in Q4 2025 compared to the prior quarter.

StatementSegment

CategoryGrowth

SignalContext dependent

VolatilityStable

First reportedQ4 2022

Last reportedQ4 2025Feb 27, 2026

Rolls up toPP&E (Net)

Growth in this metric indicates capital expansion and investment in new capacity, while a decline suggests depreciation outpacing new investment.

This represents the net book value of physical assets such as fractionation plants, storage facilities, and pipelines de...

Standard balance sheet item for capital-intensive industrial and energy firms.

Metric ID: paa_segment_ngl_property_and_equipment

4 periods

	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$2.45B	$2.55B	$364.00M	$365.00M
QoQ Change	—	+4.5%	-85.7%	+0.3%
YoY Change	—	+4.5%	-85.7%	+0.3%

Range$364.00M – $2.55B

Avg YoY Growth-27.0%

Median YoY Growth+0.3%

What is Plains All American Pipeline, L.P.'s ngl — property and equipment?: Plains All American Pipeline, L.P. (PAA) reported ngl — property and equipment of $365.00M in Q4 2025.
What does ngl — property and equipment mean?: The total value of physical infrastructure owned by the Natural Gas Liquids segment.