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Plains All American Pipeline, L.P.(PAA)Earnings, Financials & Key Ratios
PAA•NASDAQ
12.9× P/E·Price updated Jun 19, 2026
AboutPlains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminalling, storage, and other facilities-related services, as well as merchant activities. As of December 31, 2021, this segment owned and leased 18,300 miles of active crude oil transportation pipelines and gathering systems, as well as an additional 110 miles of pipelines that supports crude oil storage and terminalling facilities; 74 million barrels of commercial crude oil storage capacity; 38 million barrels of active, above-ground tank capacity; four marine facilities; a condensate processing facility; seven crude oil rail terminals and 2,100 crude oil railcars; and 640 trucks and 1,275 trailers. The Natural Gas Liquids segment engages in the natural gas processing, NGL fractionation, storage, transportation, and terminalling activities. As of December 31, 2021, this segment owned and operated four natural gas processing plants; nine fractionation plants; 28 million barrels of NGL storage capacity; approximately 1,620 miles of active NGL transportation pipelines, as well as an additional 55 miles of pipeline that supports NGL storage facilities; 16 NGL rail terminals and approximately 3,900 NGL rail cars; and approximately 220 trailers. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.Show more
- Revenue$44.26B-11.6%
- EBITDA$2.39B+8.3%
- Net Income$1.44B+85.9%
- EPS (Diluted)1.66+127.4%
- Gross Margin6.04%+76.0%
- EBITDA Margin5.39%+22.5%
- Operating Margin3.24%+37.7%
- Net Margin3.24%+110.3%
- ROE10.96%+90.5%
PAA Key Insights
Plains All American Pipeline, L.P. (PAA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 13.7%
- ✓Trading at only 1.1x book value
- ✓Efficient asset utilization: 1.5x turnover
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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PAA Price & Volume
Plains All American Pipeline, L.P. (PAA) stock price & volume — 10-year historical chart
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PAA Growth Metrics
Plains All American Pipeline, L.P. (PAA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.7%
5 Years13.7%
3 Years-8.27%
TTM-9.51%
Profit CAGR
10 Years4.74%
5 Years-
3 Years11.44%
TTM20.65%
EPS CAGR
10 Years7.98%
5 Years-
3 Years11.73%
TTM42.54%
Return on Capital
10 Years4.75%
5 Years5.62%
3 Years6.1%
Last Year6.12%
PAA Recent Earnings
Plains All American Pipeline, L.P. (PAA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 8, 2026Metric
Actual
Est
EPS
$0.39+6.2%
$0.37
Rev
$12.5B+3.7%
$12.0B
Q1 2026
Feb 6, 2026Metric
Actual
Est
EPS
$0.40-14.9%
$0.47
Rev
$10.6B-17.8%
$12.9B
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.39+9.9%
$0.35
Rev
$11.6B-7.5%
$12.5B
Q3 2025
Aug 8, 2025Metric
Actual
Est
EPS
$0.36+11.0%
$0.32
Rev
$10.6B-20.7%
$13.4B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 8, 2026 | $0.39vs $0.37+6.2% | $12.5Bvs $12.0B+3.7% |
| Q1 2026 | Feb 6, 2026 | $0.40vs $0.47-14.9% | $10.6Bvs $12.9B-17.8% |
| Q4 2025 | Nov 5, 2025 | $0.39vs $0.35+9.9% | $11.6Bvs $12.5B-7.5% |
| Q3 2025 | Aug 8, 2025 | $0.36vs $0.32+11.0% | $10.6Bvs $13.4B-20.7% |
Based on last 12 quarters of dataView full earnings history →
PAA Peer Comparison
Plains All American Pipeline, L.P. (PAA) competitors in Crude Oil Pipelines and Terminals — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 EPD | 79.12B | 36.60 | 13.76 | -6.44% | 11.03% | 19.29% | 1.14 | |
 ET | 64.51B | 18.75 | 13.89 | -0.05% | 6.21% | 11.56% | 1.45 | |
 MPLX | 57.7B | 56.84 | 11.79 | 8.37% | 37.54% | 32.81% | 1.80 | |
 WES | 16.92B | 42.96 | 14.32 | 6.61% | 29.9% | 33.79% | 2.14 | |
 PAGP | 4.6B | 23.25 | 17.75 | -11.61% | 0.43% | 1.38% | 0.81 | |
 KMI | 70.28B | 31.59 | 23.06 | 12.45% | 18.92% | 10.27% | 1.00 | |
 OKE | 53.57B | 85.03 | 15.69 | 55.42% | 10.04% | 15.86% | 1.45 | |
 TRGP | 55.5B | 258.58 | 30.35 | 3.06% | 12.98% | 70.77% | 5.49 |
Compare PAA vs Peers
Plains All American Pipeline, L.P. (PAA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PAA Income Statement
Plains All American Pipeline, L.P. (PAA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 26.22B | 34.05B | 33.67B | 23.29B | 42.08B | 57.34B | 48.71B | 50.07B | 44.26B | 45.17B |
Revenue Growth % | 29.93% | 29.87% | -1.13% | -30.83% | 80.67% | 36.28% | -15.05% | 2.79% | -11.61% | -9.51% |
Cost of Goods Sold | 24.79B | 31.58B | 31.36B | 22.16B | 40.34B | 55.46B | 45.96B | 48.35B | 41.59B | 43.27B |
COGS % of Revenue | 94.55% | 92.72% | 93.13% | 95.15% | 95.88% | 96.71% | 94.34% | 96.57% | 93.96% | - |
Gross Profit | 1.43B▲ 0% | 2.48B▲ 73.5% | 2.31B▼ 6.7% | 1.13B▼ 51.1% | 1.74B▲ 53.5% | 1.89B▲ 8.7% | 2.76B▲ 46.1% | 1.72B▼ 37.6% | 2.67B▲ 55.6% | 1.9B▲ 0% |
Gross Margin % | 5.45% | 7.28% | 6.87% | 4.85% | 4.12% | 3.29% | 5.66% | 3.43% | 6.04% | 4.2% |
Gross Profit Growth % | 12.25% | 73.48% | -6.7% | -51.15% | 53.54% | 8.7% | 46.13% | -37.63% | 55.61% | - |
Operating Expenses | 276M | 316M | 325M | 3.5B | 884M | 594M | 1.25B | 541M | 1.24B | 554M |
OpEx % of Revenue | 1.05% | 0.93% | 0.97% | 15.05% | 2.1% | 1.04% | 2.56% | 1.08% | 2.8% | - |
Selling, General & Admin | 276M | 316M | 297M | 271M | 292M | 325M | 350M | 381M | 342M | 344M |
SG&A % of Revenue | 1.05% | 0.93% | 0.88% | 1.16% | 0.69% | 0.57% | 0.72% | 0.76% | 0.77% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 28M | 3.23B | 592M | 269M | 896M | 160M | 899M | 1000K |
Operating Income | 1.15B▲ 0% | 2.28B▲ 97.5% | 1.99B▼ 12.7% | -2.38B▼ 219.5% | 851M▲ 135.8% | 1.29B▲ 51.8% | 1.51B▲ 16.9% | 1.18B▼ 22.0% | 1.43B▲ 21.7% | 1.34B▲ 0% |
Operating Margin % | 4.4% | 6.69% | 5.9% | -10.2% | 2.02% | 2.25% | 3.1% | 2.35% | 3.24% | 2.97% |
Operating Income Growth % | 16% | 97.48% | -12.69% | -219.47% | 135.83% | 51.82% | 16.87% | -21.99% | 21.73% | - |
EBITDA | 1.78B | 2.8B | 2.59B | -1.72B | 1.63B | 2.26B | 2.56B | 2.2B | 2.39B | 2.28B |
EBITDA Margin % | 6.77% | 8.21% | 7.69% | -7.39% | 3.86% | 3.94% | 5.25% | 4.4% | 5.39% | 5.04% |
EBITDA Growth % | 19.35% | 57.49% | -7.44% | -166.51% | 194.37% | 38.89% | 13.34% | -13.84% | 8.3% | 0.18% |
D&A (Non-Cash Add-back) | 623M | 520M | 601M | 653M | 774M | 965M | 1.05B | 1.03B | 953M | 934M |
EBIT | 1.38B | 2.85B | 2.67B | -2.16B | 1.15B | 1.82B | 2.01B | 1.71B | 1.96B | 1.71B |
Net Interest Income | -510M | -431M | -425M | -436M | -425M | -405M | -386M | -360M | -554M | -525M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70M | 0 | 69M |
Interest Expense | 510M | 431M | 425M | 436M | 425M | 405M | 386M | 430M | 554M | 594M |
Other Income/Expense | -251M | 137M | 258M | -224M | -130M | 125M | 113M | 102M | -33M | 6M |
Pretax Income | 902M▲ 0% | 2.41B▲ 167.6% | 2.25B▼ 7.0% | -2.6B▼ 215.7% | 721M▲ 127.7% | 1.42B▲ 96.5% | 1.62B▲ 14.5% | 1.28B▼ 21.1% | 1.4B▲ 9.5% | 1.35B▲ 0% |
Pretax Margin % | 3.44% | 7.09% | 6.67% | -11.16% | 1.71% | 2.47% | 3.33% | 2.56% | 3.17% | 2.98% |
Income Tax | 44M | 198M | 66M | -19M | 73M | 189M | 121M | 167M | 15M | 9M |
Effective Tax Rate % | 4.88% | 8.2% | 2.94% | 0.73% | 10.12% | 13.34% | 7.46% | 13.05% | 1.07% | 0.67% |
Net Income | 856M▲ 0% | 2.22B▲ 158.9% | 2.17B▼ 2.0% | -2.59B▼ 219.3% | 593M▲ 122.9% | 1.04B▲ 74.9% | 1.23B▲ 18.6% | 772M▼ 37.2% | 1.44B▲ 85.9% | 1.15B▲ 0% |
Net Margin % | 3.26% | 6.51% | 6.45% | -11.12% | 1.41% | 1.81% | 2.53% | 1.54% | 3.24% | 2.54% |
Net Income Growth % | 17.91% | 158.88% | -2.03% | -219.3% | 122.9% | 74.87% | 18.61% | -37.24% | 85.88% | 20.65% |
Net Income (Continuing) | 858M | 2.22B | 2.18B | -2.58B | 648M | 1.23B | 1.5B | 1.11B | 1.39B | 1.34B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 383M | 2M |
Minority Interest | 0 | 0 | 133M | 145M | 2.84B | 3.27B | 3.31B | 3.28B | 3.24B | 3.22B |
EPS (Diluted) | 0.95▲ 0% | 2.77▲ 191.6% | 2.65▼ 4.3% | -3.83▼ 244.5% | 0.55▲ 114.4% | 1.19▲ 116.4% | 1.40▲ 17.6% | 0.73▼ 47.9% | 1.66▲ 127.4% | 1.62▲ 0% |
EPS Growth % | 120.93% | 191.58% | -4.33% | -244.53% | 114.36% | 116.36% | 17.65% | -47.86% | 127.4% | 42.54% |
EPS (Basic) | 0.96 | 2.77 | 2.71 | -3.83 | 0.55 | 1.19 | 1.40 | 0.73 | 1.66 | - |
Diluted Shares Outstanding | 718M | 799M | 800M | 728M | 716M | 701M | 699M | 702M | 704M | 706M |
Basic Shares Outstanding | 717M | 799M | 727M | 728M | 716M | 701M | 699M | 702M | 704M | 706M |
Dividend Payout Ratio | 161.92% | 39.31% | 46.25% | - | 87.18% | 56.32% | 60.81% | 115.41% | 74.56% | - |
PAA Balance Sheet
Plains All American Pipeline, L.P. (PAA) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 4B | 3.53B | 4.61B | 3.67B | 6.14B | 5.36B | 4.91B | 4.8B | 4.73B | 6.16B |
Cash & Short-Term Investments | 37M | 66M | 45M | 22M | 449M | 401M | 450M | 348M | 4.73B | 171M |
Cash Only | 37M | 66M | 45M | 22M | 449M | 401M | 450M | 348M | 4.73B | 171M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 3.03B | 2.45B | 3.61B | 2.55B | 4.71B | 3.91B | 3.76B | 3.9B | 3.93B | 4.82B |
Days Sales Outstanding | 42.16 | 26.3 | 39.18 | 40.01 | 40.81 | 24.87 | 28.17 | 28.44 | 32.38 | 32.19 |
Inventory | 713M | 640M | 604M | 647M | 783M | 729M | 548M | 439M | 0 | 380M |
Days Inventory Outstanding | 10.5 | 7.4 | 7.03 | 10.66 | 7.08 | 4.8 | 4.35 | 3.31 | - | 1.51 |
Other Current Assets | 221M | 373M | 349M | 443M | 200M | 318M | 155M | 114M | -3.93B | 792M |
Total Non-Current Assets | 21.35B | 21.98B | 24.07B | 20.83B | 22.47B | 22.54B | 22.44B | 21.76B | 25.44B | 25.47B |
Property, Plant & Equipment | 14.09B | 14.79B | 15.82B | 14.99B | 15.3B | 15.6B | 16.09B | 15.76B | 17.06B | 17.07B |
Fixed Asset Turnover | 1.86x | 2.30x | 2.13x | 1.55x | 2.75x | 3.68x | 3.03x | 3.18x | 2.59x | 2.88x |
Goodwill | 2.57B | 2.52B | 2.54B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 844M | 772M | 707M | 805M | 1.96B | 2.15B | 1.88B | 1.68B | 1.75B | 1.69B |
Long-Term Investments | 2.76B | 2.7B | 3.68B | 3.76B | 3.81B | 3.08B | 2.82B | 2.81B | 2.85B | 11.27B |
Other Non-Current Assets | 1.1B | 1.2B | 1.31B | 1.27B | 1.41B | 1.71B | 1.65B | 1.52B | 3.78B | 3.88B |
Total Assets | 25.35B▲ 0% | 25.51B▲ 0.6% | 28.68B▲ 12.4% | 24.5B▼ 14.6% | 28.61B▲ 16.8% | 27.89B▼ 2.5% | 27.36B▼ 1.9% | 26.56B▼ 2.9% | 30.17B▲ 13.6% | 31.64B▲ 0% |
Asset Turnover | 1.03x | 1.33x | 1.17x | 0.95x | 1.47x | 2.06x | 1.78x | 1.89x | 1.47x | 1.54x |
Asset Growth % | 4.71% | 0.63% | 12.41% | -14.58% | 16.79% | -2.51% | -1.93% | -2.9% | 13.58% | 32.89% |
Total Current Liabilities | 4.53B | 3.46B | 5.02B | 4.25B | 6.23B | 5.89B | 5B | 4.95B | 4.93B | 6.54B |
Accounts Payable | 3.32B | 2.7B | 3.69B | 2.44B | 4.81B | 4.04B | 3.84B | 3.88B | 4.37B | 4.93B |
Days Payables Outstanding | 48.92 | 31.26 | 42.91 | 40.14 | 43.52 | 26.62 | 30.53 | 29.3 | 38.33 | 34.26 |
Short-Term Debt | 737M | 66M | 486M | 831M | 822M | 1.16B | 446M | 408M | 202M | 420M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 471M | 686M | 733M | 907M | 523M | 617M | 713M | 661M | 362M | 1.2B |
Current Ratio | 0.88x | 1.02x | 0.92x | 0.86x | 0.98x | 0.91x | 0.98x | 0.97x | 0.96x | 0.94x |
Quick Ratio | 0.73x | 0.84x | 0.80x | 0.71x | 0.86x | 0.79x | 0.87x | 0.88x | 0.96x | 0.88x |
Cash Conversion Cycle | 3.74 | 2.44 | 3.3 | 10.53 | 4.38 | 3.05 | 2 | 2.45 | - | -0.56 |
Total Non-Current Liabilities | 9.86B | 10.05B | 10.46B | 10.51B | 9.57B | 8.68B | 8.62B | 8.52B | 12.16B | 12.27B |
Long-Term Debt | 9.18B | 9.14B | 9.14B | 9.31B | 8.4B | 7.29B | 7.3B | 7.21B | 10.9B | 10.96B |
Capital Lease Obligations | 0 | 0 | 436M | 387M | 339M | 308M | 274M | 313M | 202M | 782M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 679M | 910M | 891M | 807M | 830M | 1.08B | 1.04B | 990M | 1.06B | 1.11B |
Total Liabilities | 14.39B | 13.51B | 15.48B | 14.76B | 15.8B | 14.57B | 13.62B | 13.47B | 17.09B | 18.82B |
Total Debt | 9.92B | 9.21B | 10.17B | 10.61B | 9.64B | 8.82B | 8.03B | 7.93B | 11.3B | 11.58B |
Net Debt | 9.88B | 9.14B | 10.13B | 10.59B | 9.19B | 8.42B | 7.58B | 7.59B | 6.57B | 11.41B |
Debt / Equity | 0.91x | 0.77x | 0.77x | 1.09x | 0.75x | 0.66x | 0.58x | 0.61x | 0.86x | 0.90x |
Debt / EBITDA | 5.59x | 3.29x | 3.93x | - | 5.93x | 3.91x | 3.14x | 3.60x | 4.73x | 5.09x |
Net Debt / EBITDA | 5.56x | 3.27x | 3.91x | - | 5.65x | 3.73x | 2.96x | 3.44x | 2.75x | 5.01x |
Interest Coverage | 2.71x | 6.60x | 6.28x | -4.96x | 2.70x | 4.50x | 5.20x | 3.98x | 3.53x | 2.87x |
Total Equity | 10.96B▲ 0% | 12B▲ 9.5% | 13.2B▲ 9.9% | 9.74B▼ 26.2% | 12.81B▲ 31.5% | 13.32B▲ 4.0% | 13.73B▲ 3.1% | 13.1B▼ 4.6% | 13.08B▼ 0.1% | 12.82B▲ 0% |
Equity Growth % | 24.3% | 9.53% | 9.94% | -26.2% | 31.55% | 4.02% | 3.05% | -4.63% | -0.12% | -9.08% |
Book Value per Share | 15.26 | 15.02 | 16.49 | 13.38 | 17.89 | 19.01 | 19.65 | 18.66 | 18.58 | 18.16 |
Total Shareholders' Equity | 10.96B | 12B | 13.06B | 9.59B | 9.97B | 10.06B | 10.42B | 9.81B | 9.84B | 9.6B |
Common Stock | 8.66B | 9.71B | 10.77B | 7.3B | 7.68B | 7.76B | 8.13B | 7.51B | 9.84B | 7.57B |
Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 133M | 145M | 2.84B | 3.27B | 3.31B | 3.28B | 3.24B | 3.22B |
PAA Cash Flow Statement
Plains All American Pipeline, L.P. (PAA) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 2.5B | 2.61B | 2.5B | 1.51B | 2B | 2.41B | 2.73B | 2.49B | 2.94B | 2.71B |
Operating CF Margin % | 9.53% | 7.66% | 7.44% | 6.5% | 4.74% | 4.2% | 5.6% | 4.97% | 6.63% | - |
Operating CF Growth % | 244.21% | 4.36% | -3.99% | -39.54% | 31.84% | 20.64% | 13.25% | -8.69% | 17.91% | -2.09% |
Net Income | 858M | 2.22B | 2.18B | -2.58B | 648M | 1.23B | 1.5B | 1.11B | 1.04B | 1.15B |
Depreciation & Amortization | 626M | 520M | 601M | 653M | 774M | 965M | 1.05B | 1.03B | 957M | 934M |
Stock-Based Compensation | 41M | 79M | 34M | 15M | 23M | 40M | 50M | 50M | 0 | 0 |
Deferred Taxes | 16M | 132M | -46M | -70M | 23M | 105M | -24M | -28M | 14M | -205M |
Other Non-Cash Items | 17M | -206M | -253M | 3.65B | 755M | 261M | -43M | 255M | 954M | 786M |
Working Capital Changes | 941M | -133M | -12M | -158M | -227M | -191M | 194M | 74M | -34M | 159M |
Change in Receivables | -511M | 309M | -1.16B | 1.43B | -2.18B | 649M | 213M | 94M | 204M | 0 |
Change in Inventory | 605M | -75M | -5M | -304M | -18M | -10M | 223M | 70M | 96M | 0 |
Change in Payables | 847M | -367M | 1.15B | 0 | 1.97B | -830M | -242M | -90M | -334M | 0 |
Cash from Investing | -1.57B | -813M | -1.76B | -1.09B | 386M | -526M | -702M | -1.5B | -3.69B | -2.81B |
Capital Expenditures | -1.02B | -1.63B | -1.18B | -738M | -336M | -455M | -559M | -619M | -643M | -582M |
CapEx % of Revenue | 3.91% | 4.8% | 3.51% | 3.17% | 0.8% | 0.79% | 1.15% | 1.24% | 1.45% | 1.29% |
Acquisitions | -1.68B | -458M | -574M | -771M | -126M | -163M | -458M | -252M | -2.52B | -2.04B |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 1.13B | 1.28B | -10M | 416M | 848M | 92M | 315M | -633M | -197M | 146M |
Cash from Financing | -943M | -1.76B | -720M | -435M | -1.98B | -1.93B | -1.98B | -1.08B | 724M | -171M |
Debt Issued (Net) | -2B | -701M | 416M | 427M | -912M | -750M | -667M | 489M | 2.89B | 1.94B |
Equity Issued (Net) | 1.66B | 0 | 0 | -50M | -178M | -74M | 0 | 0 | -341M | 0 |
Dividends Paid | -1.39B | -1.03B | -1.2B | -853M | -715M | -782M | -989M | -1.15B | -1.29B | -1.31B |
Share Repurchases | 0 | 0 | 0 | -50M | -178M | -74M | 0 | 0 | -341M | 0 |
Other Financing | 788M | -24M | 66M | 41M | -179M | -325M | -320M | -421M | -531M | -797M |
Net Change in Cash | -10M▲ 0% | 29M▲ 390.0% | 16M▼ 44.8% | -22M▼ 237.5% | 393M▲ 1886.4% | -52M▼ 113.2% | 49M▲ 194.2% | -102M▼ 308.2% | -20M▲ 80.4% | -256M▲ 0% |
Free Cash Flow | 1.48B▲ 0% | 974M▼ 34.0% | 1.32B▲ 35.8% | 776M▼ 41.3% | 1.66B▲ 113.9% | 1.95B▲ 17.7% | 2.17B▲ 11.0% | 1.87B▼ 13.7% | 2.29B▲ 22.6% | 2.13B▲ 0% |
FCF Margin % | 5.62% | 2.86% | 3.93% | 3.33% | 3.95% | 3.41% | 4.45% | 3.74% | 5.18% | 4.72% |
FCF Growth % | 342.6% | -33.97% | 35.83% | -41.35% | 113.92% | 17.65% | 11.01% | -13.7% | 22.55% | 0.61% |
FCF per Share | 2.05 | 1.22 | 1.65 | 1.07 | 2.32 | 2.79 | 3.10 | 2.67 | 3.26 | 3.02 |
FCF Conversion (FCF/Net Income) | 2.92x | 1.18x | 1.15x | -0.58x | 3.37x | 2.32x | 2.22x | 3.23x | 2.05x | 1.86x |
Interest Paid | 486M | 400M | 397M | 428M | 401M | 393M | 377M | 381M | 0 | 254M |
Taxes Paid | 50M | 21M | 136M | 111M | 76M | 112M | 69M | 269M | 0 | 53M |
PAA Key Ratios
Plains All American Pipeline, L.P. (PAA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 8.66% | 19.3% | 17.23% | -22.59% | 5.26% | 7.94% | 9.09% | 5.76% | 10.96% | 8.84% |
Return on Invested Capital (ROIC) | 4.17% | 8.13% | 6.71% | -8.16% | 3.02% | 4.43% | 5.26% | 4.21% | 5.33% | 4.64% |
Gross Margin | 5.45% | 7.28% | 6.87% | 4.85% | 4.12% | 3.29% | 5.66% | 3.43% | 6.04% | 4.2% |
Net Margin | 3.26% | 6.51% | 6.45% | -11.12% | 1.41% | 1.81% | 2.53% | 1.54% | 3.24% | 2.54% |
Debt / Equity | 0.91x | 0.77x | 0.77x | 1.09x | 0.75x | 0.66x | 0.58x | 0.61x | 0.86x | 0.90x |
Interest Coverage | 2.71x | 6.60x | 6.28x | -4.96x | 2.70x | 4.50x | 5.20x | 3.98x | 3.53x | 2.87x |
FCF Conversion | 2.92x | 1.18x | 1.15x | -0.58x | 3.37x | 2.32x | 2.22x | 3.23x | 2.05x | 1.86x |
Revenue Growth | 29.93% | 29.87% | -1.13% | -30.83% | 80.67% | 36.28% | -15.05% | 2.79% | -11.61% | -9.51% |
Related:PAA Dividend History·PAA Revenue History·PAA Price History·PAA P/E History·PAA Financial Ratios·PAA Institutional Holders
PAA SEC Filings & Documents
Plains All American Pipeline, L.P. (PAA) SEC filings — annual & quarterly reports (10-K, 10-Q)
PAA Frequently Asked Questions
Plains All American Pipeline, L.P. (PAA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Plains All American Pipeline, L.P. (PAA) reported $45.17B in revenue for fiscal year 2025. This represents a 5902% increase from $752.5M in 1997.
Plains All American Pipeline, L.P. (PAA) saw revenue decline by 11.6% over the past year.
Yes, Plains All American Pipeline, L.P. (PAA) is profitable, generating $1.15B in net income for fiscal year 2025 (3.2% net margin).
Dividend & Returns
Yes, Plains All American Pipeline, L.P. (PAA) pays a dividend with a yield of 7.12%. This makes it attractive for income-focused investors.
Plains All American Pipeline, L.P. (PAA) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.
Plains All American Pipeline, L.P. (PAA) generated $2.13B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.