Tax
Current income tax expense (benefit)
Plains All American Pipeline, L.P. Current income tax expense (benefit) increased by 4220.0% to $216.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2985.7%, from $7.00M to $216.00M. Over 2 years (FY 2021 to FY 2024), Current income tax expense (benefit) shows an upward trend with a 55.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionTax
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 8, 2026
How to read this metric
Reflects the immediate cash impact of tax obligations on the company.
Detailed definition
The total current income tax expense or benefit for the period, representing the amount of taxes expected to be paid to...
Peer comparison
Standard component of the income tax provision.
Metric ID:
cat_current_income_tax_expenseHistorical Data
18 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $8.00M | $39.00M | $19.00M | $30.00M | $12.00M | $24.00M | $61.00M | $20.00M | $22.00M | $53.00M | $52.00M | $4.00M | $10.00M | $7.00M | $1.00M | $5.00M | $216.00M |
| QoQ Change | — | +700.0% | +387.5% | -51.3% | +57.9% | -60.0% | +100.0% | +154.2% | -67.2% | +10.0% | +140.9% | -1.9% | -92.3% | +150.0% | -30.0% | -85.7% | +400.0% | >999% |
| YoY Change | — | — | — | — | >999% | +50.0% | -38.5% | +221.1% | -33.3% | +83.3% | -13.1% | +160.0% | -81.8% | — | -86.8% | -98.1% | +25.0% | >999% |
Range$1.00M – $216.00M
CAGR+254.2%
Avg YoY Growth+467.2%
Median YoY Growth+25.0%
Current Streak2 quarters growth
Current income tax expense (benefit) at Other Companies
Frequently Asked Questions
- What is Plains All American Pipeline, L.P.'s current income tax expense (benefit)?
- Plains All American Pipeline, L.P. (PAA) reported current income tax expense (benefit) of $216.00M in Q1 2026.
- How has Plains All American Pipeline, L.P.'s current income tax expense (benefit) changed year-over-year?
- Plains All American Pipeline, L.P.'s current income tax expense (benefit) increased by 2985.7% year-over-year, from $7.00M to $216.00M.
- What is the long-term trend for Plains All American Pipeline, L.P.'s current income tax expense (benefit)?
- Over 2 years (2021 to 2024), Plains All American Pipeline, L.P.'s current income tax expense (benefit) has grown at a 55.8% compound annual growth rate (CAGR), from $49.00M to $119.00M.
- What does current income tax expense (benefit) mean?
- The total tax amount currently due to or from tax authorities.