NGL — Segment Adjusted EBITDA
Plains All American Pipeline, L.P. NGL — Segment Adjusted EBITDA increased by 30.0% to -$7.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 40.0%, from -$5.00M to -$7.00M. Over 4 years (FY 2021 to FY 2025), NGL — Segment Adjusted EBITDA shows a downward trend with a -40.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates improved operational efficiency or higher margins in NGL processing and marketing, while a decrease suggests margin compression or reduced throughput.
Detailed definition
This metric represents the core operating profitability of the Natural Gas Liquids segment before interest, taxes, depre...
Peer comparison
Commonly reported by midstream energy companies as Segment EBITDA or Segment Operating Margin.
paa_segment_ngl_segment_adjusted_ebitdaHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $21.00M | $54.00M | $141.00M | $161.00M | $120.00M | $86.00M | $151.00M | $192.00M | $62.00M | $99.00M | -$382.00M | $159.00M | -$11.00M | -$15.00M | -$154.00M | -$5.00M | -$10.00M | -$10.00M | -$10.00M | -$7.00M |
| QoQ Change | — | +157.1% | +161.1% | +14.2% | -25.5% | -28.3% | +75.6% | +27.2% | -67.7% | +59.7% | -485.9% | +141.6% | -106.9% | -36.4% | -926.7% | +96.8% | -100.0% | +0.0% | +0.0% | +30.0% |
| YoY Change | — | — | — | — | +471.4% | +59.3% | +7.1% | +19.3% | -48.3% | +15.1% | -353.0% | -17.2% | -117.7% | -115.2% | +59.7% | -103.1% | +9.1% | +33.3% | +93.5% | -40.0% |
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Frequently Asked Questions
- What is Plains All American Pipeline, L.P.'s ngl — segment adjusted ebitda?
- Plains All American Pipeline, L.P. (PAA) reported ngl — segment adjusted ebitda of -$7.00M in Q1 2026.
- How has Plains All American Pipeline, L.P.'s ngl — segment adjusted ebitda changed year-over-year?
- Plains All American Pipeline, L.P.'s ngl — segment adjusted ebitda decreased by 40.0% year-over-year, from -$5.00M to -$7.00M.
- What is the long-term trend for Plains All American Pipeline, L.P.'s ngl — segment adjusted ebitda?
- Over 4 years (2021 to 2025), Plains All American Pipeline, L.P.'s ngl — segment adjusted ebitda has grown at a -40.8% compound annual growth rate (CAGR), from $285.00M to -$35.00M.
- What does ngl — segment adjusted ebitda mean?
- A measure of the operating cash flow generated specifically by the Natural Gas Liquids business segment.