Filing Flows › Plains All American Pipeline LP (PAA) › Q3 2026 › vs Q2 2026
Plains All American Pipeline LP (PAA) Q3 2026 vs Q2 2026 (quarter over quarter)
Plains All American Pipeline LP's revenue fell $2.5B (-14%) from $17.7B in Q2 2026 to $15.2B in Q3 2026. Operating margin 3.4% against 2.2% (+1.2 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 3.4% | 2.2% | +1.2 pts |
| Net margin | 2.4% | 10.3% | -8.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $15.2B | $17.7B | −$2.5B | -14% |
| Operating profit | $516M | $398M | $118M | +30% |
| Costs & expenses | $14.7B | $17.3B | −$2.6B | -15% |
| Pre-tax earnings | $453M | $2.0B | −$1.6B | -78% |
| Other expense, net | $63.0M | −$1.6B | $1.7B | — |
| General & admin | $78.0M | $110M | −$32.0M | -29% |
| Other operating costs | $14.6B | $629M | $13.9B | 23× |
| Net earnings | $363M | $1.8B | −$1.5B | -80% |
| Minority interests | $90.0M | $95.0M | −$5.0M | -5% |
| Working capital & other | $306M | −$1.1B | $1.4B | — |
| Operating cash flow | $669M | $955M | −$286M | -30% |
Questions
How much did Plains All American Pipeline LP's revenue grow quarter over quarter in Q3 2026?
Plains All American Pipeline LP's revenue fell $2.5B (-14%) from $17.7B in Q2 2026 to $15.2B in Q3 2026. Operating margin 3.4% against 2.2% (+1.2 pts).