Filing Flows › Plains All American Pipeline LP (PAA) › Q3 2026 › vs Q3 2025
Plains All American Pipeline LP (PAA) Q3 2026 vs Q3 2025 (year over year)
Plains All American Pipeline LP's revenue rose $3.6B (+31%) from $11.6B in Q3 2025 to $15.2B in Q3 2026. Operating margin 3.4% against 4.2% (-0.8 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 3.4% | 4.2% | -0.8 pts |
| Net margin | 2.4% | 3.8% | -1.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $15.2B | $11.6B | $3.6B | +31% |
| Operating profit | $516M | $484M | $32.0M | +7% |
| Costs & expenses | $14.7B | $11.1B | $3.6B | +32% |
| Pre-tax earnings | $453M | $535M | −$82.0M | -15% |
| Other expense, net | $63.0M | −$51.0M | $114M | — |
| General & admin | $78.0M | $83.0M | −$5.0M | -6% |
| Other operating costs | $14.6B | $426M | $14.2B | 34× |
| Net earnings | $363M | $441M | −$78.0M | -18% |
| Minority interests | $90.0M | $88.0M | $2.0M | +2% |
| Working capital & other | $306M | $146M | $160M | +110% |
| Operating cash flow | $669M | $817M | −$148M | -18% |
Questions
How much did Plains All American Pipeline LP's revenue grow year over year in Q3 2026?
Plains All American Pipeline LP's revenue rose $3.6B (+31%) from $11.6B in Q3 2025 to $15.2B in Q3 2026. Operating margin 3.4% against 4.2% (-0.8 pts).