Plains All American Pipeline, L.P. PAA Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue from contracts with customers by Business | ||||||
| Crude Oil | $45.27B-6.8% | $44.16B-9.4% | $45.61B-6.9% | $46.52B-4.0% | $48.6B+3.4% | |
| NGL | $150M-10.2% | $150M-80.2% | $172M— | $168M— | $167M— | |
| Other revenues by Business | ||||||
| Crude Oil | $116M+20.8% | $43M-38.6% | $90M+1,400% | $45M+650% | $96M+3,300% | |
| NGL | $1M-98.9% | $1M+103% | $90M+153% | $90M+137% | $90M+173% | |
| Significant Segment Expenses by Business | ||||||
| Crude Oil | $42.85B-8.1% | $41.76B-10.7% | $43.48B-6.4% | $44.56B-2.6% | $46.63B+4.0% | |
| NGL | $187M-3.1% | $185M-69.6% | $192M-67.2% | $193M-68.1% | $193M-69.0% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Crude Oil | -$394M— | -$409M— | —— | —— | —— | |
| NGL | $0— | $0-100% | $0-100% | $0-100% | $0-100% | |
| Segment Adjusted EBITDA by Business | ||||||
| Crude Oil | $2.37B+3.7% | $2.34B+3.0% | $2.3B+1.4% | $2.29B+1.8% | $2.28B+3.8% | |
| NGL | -$37M+80.0% | -$35M-66.7% | -$179M+28.1% | -$184M-36.3% | -$185M-198% | |
| Purchases and related costs by Business | ||||||
| Crude Oil | $41.41B-7.7% | $40.32B-10.5% | $41.82B-7.0% | $42.78B-3.6% | $44.86B+3.1% | |
| NGL | $129M-3.7% | $128M-71.4% | $134M-68.5% | $135M-69.7% | $134M-71.1% | |
| General and administrative expenses by Business | ||||||
| Crude Oil | $310M+2.0% | $313M+5.0% | $303M+4.2% | $307M+9.4% | $304M+10.0% | |
| NGL | $27M-3.6% | $28M-37.8% | $29M-35.6% | $28M-36.4% | $28M-36.4% | |
| Deficiencies under minimum volume commitments, net by Business | ||||||
| Crude Oil | -$64M-146% | -$39M-25.8% | -$63M-585% | -$42M-4,300% | -$26M-767% | |
| Gains (Losses) From Derivative Activities and Inventory Valuation Adjustments by Business | ||||||
| Crude Oil | -$131M— | $23M— | —— | —— | —— | |
| NGL | -$10M— | $0— | —— | —— | —— | |
| Depreciation And Amortization Of Unconsolidated Entities by Business | ||||||
| Crude Oil | $83M-1.2% | $83M0.0% | $86M+7.8% | $87M+9.4% | $84M-0.3% | |
| Equity-indexed compensation expense by Business | ||||||
| Crude Oil | $37M+2.8% | $36M0.0% | $35M-4.8% | $34M-6.8% | $36M+2.1% | |
| Investments in unconsolidated entities by Business | ||||||
| Crude Oil | $11.27B— | $11.17B— | $11.14B— | —— | —— | |
| NGL | $0— | —— | —— | —— | —— | |
| Field operating costs by Business | ||||||
| Crude Oil | $1.13B-23.3% | $1.13B-21.8% | $1.35B+12.7% | $1.47B+38.4% | $1.47B+38.9% | |
| NGL | $31M0.0% | $29M-74.8% | $29M-75.0% | $30M-74.1% | $31M-73.3% | |
| Maintenance capital expenditures by Business | ||||||
| Crude Oil | $157M-6.5% | $153M-16.4% | $158M-8.7% | $170M+3.7% | $168M+5.7% | |
| NGL | $2M— | $4M— | —— | —— | —— | |
| Long-term inventory costing adjustments by Business | ||||||
| Crude Oil | -$67M— | $45M— | —— | —— | —— | |
| NGL | $3M— | $0— | —— | —— | —— | |
| Total revenues by Product | ||||||
| Product sales revenues | $944M-23.9% | $1.19B+12.4% | $1.16B+13.3% | $1.28B+19.8% | $1.24B+0.6% | |
| Services revenues | $134M+8.9% | $132M+2.3% | $130M-6.3% | $119M-20.4% | $123M-19.2% | |
| Revenues from related parties by Product | ||||||
| Product sales revenues | $43.49B-7.5% | $42.51B-10.5% | $43.99B-6.3% | $44.86B-3.5% | $47.01B+3.7% | |
| Services revenues | $1.77B+3.2% | $1.76B+1.4% | $1.75B+9.6% | $1.75B+6.4% | $1.71B+4.3% | |
| Revenue from contracts with customers by Product | ||||||
| Terminalling, Storage and Other | $364M-5.7% | $356M-13.4% | $363M+6.5% | $378M+4.4% | $386M+1.0% | |
| Remaining performance obligation by Product | ||||||
| Terminalling, storage and other agreement revenues | $1.83B-39.2% | $2.15B-27.4% | $2.48B-14.7% | $2.79B-2.2% | $3.01B+3.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Plains All American Pipeline, L.P. break its business down?
- Plains All American Pipeline, L.P. (PAA) reports revenue from contracts with customers by business across 2 parts — Crude Oil and NGL. Each is extracted from the segment footnotes and tracked over time.
- Where does Plains All American Pipeline, L.P.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Plains All American Pipeline, L.P.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
