Filing Flows › Plains All American Pipeline LP (PAA) › Operating margin
Plains All American Pipeline LP (PAA) operating margin by quarter
Plains All American Pipeline LP's operating margin was 3.4% in Q3 2026 (third quarter 2026), +1.2 pts from Q2 2026. Over the last 7 quarters it ranged from 2.2% (Q2 2025) to 4.6% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 3.4% | +1.2 pts | -0.8 pts |
| Q2 2026 | 2.2% | -1.0 pts | +0.0 pts |
| Q1 2026 | 3.2% | -0.1 pts | -1.4 pts |
| Q4 2025 | 3.4% | -0.8 pts | — |
| Q3 2025 | 4.2% | +1.9 pts | — |
| Q2 2025 | 2.2% | -2.4 pts | — |
| Q1 2025 | 4.6% | — | — |
Q3 2026 at a glance
Plains All American Pipeline LP, Q3 2026: revenue $15.2B (+31% year over year), operating margin 3.4%, net earnings $363M, operating cash flow $669M. The chart follows the revenue to costs, profit and cash.
Questions
What is Plains All American Pipeline LP's operating margin?
Plains All American Pipeline LP's operating margin was 3.4% in Q3 2026 (third quarter 2026), +1.2 pts from Q2 2026.
How has Plains All American Pipeline LP's operating margin changed?
Over the last 7 quarters it ranged from 2.2% (Q2 2025) to 4.6% (Q1 2025).
Q3 2026 results → · How Plains All American Pipeline LP makes money →