Filing Flows › Plains All American Pipeline LP (PAA) › How it makes money
How Plains All American Pipeline LP (PAA) makes money
Plains All American Pipeline LP (PAA) made $15.2B of revenue in the third quarter 2026 (Q3 2026), +31% from a year earlier. Of every dollar of revenue, 3¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $15.2B | 100.0% |
| Operating profit | $516M | 3.4% |
| Net earnings | $363M | 2.4% |
| Operating cash flow | $669M | 4.4% |
| Free cash flow | $458M | 3.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $15.2B | +31% |
| Q2 2026 | $17.7B | +66% |
| Q1 2026 | $12.5B | +9% |
| Q4 2025 | $10.6B | -12% |
| Q3 2025 | $11.6B | -7% |
| Q2 2025 | $10.6B | -17% |
| Q1 2025 | $11.5B | -1% |
From Plains All American Pipeline LP's 8-K filed Nov 6, 2026 (on EDGAR).
Questions
How does Plains All American Pipeline LP make money?
Plains All American Pipeline LP (PAA) made $15.2B of revenue in the third quarter 2026 (Q3 2026), +31% from a year earlier. Of every dollar of revenue, 3¢ was left as operating profit, 2¢ was left as net earnings.
What is Plains All American Pipeline LP's profit margin?
Net earnings were $363M, 2.4% of revenue, in the third quarter 2026; the operating margin was 3.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.