PAA
Plains All American Pipeline, L.P.
Price Chart
Latest Quote
$23.35
| Previous Close | $23.62 |
| Open | $23.60 |
| Day High | $23.80 |
| Day Low | $23.34 |
| Volume | 1,433,247 |
Stock Information
| Quarterly Dividend / Yield | $1.63 / 6.91% |
| Shares Outstanding | 705.53M |
| Quarterly Dividend Yield | 6.91% |
| Quarterly Dividend | $1.63 |
| Total Debt | $11.58B |
| Cash Equivalents | $171.00M |
| Revenue | $45.26B |
| Net Income | $782.00M |
| Sector | Energy |
| Industry | Oil & Gas Midstream |
| Market Cap | $16.47B |
| P/E Ratio | 21.23 |
| EPS (TTM) | $1.10 |
| Exchange | NMS |
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-07-17 | $23.87 | 1,823,600 |
| 2026-07-16 | $23.75 | 1,492,500 |
| 2026-07-15 | $23.35 | 1,454,800 |
| 2026-07-14 | $23.62 | 2,066,800 |
| 2026-07-13 | $23.54 | 2,722,700 |
| 2026-07-10 | $22.89 | 1,456,700 |
| 2026-07-09 | $22.83 | 1,993,700 |
| 2026-07-08 | $23.13 | 1,702,500 |
| 2026-07-07 | $22.68 | 1,641,900 |
| 2026-07-06 | $22.27 | 1,273,900 |
| 2026-07-02 | $22.51 | 2,099,300 |
| 2026-07-01 | $22.24 | 1,795,500 |
| 2026-06-30 | $22.26 | 1,314,000 |
| 2026-06-29 | $22.12 | 2,015,900 |
| 2026-06-26 | $21.85 | 950,800 |
| 2026-06-25 | $21.62 | 1,196,500 |
| 2026-06-24 | $21.47 | 2,550,200 |
| 2026-06-23 | $21.91 | 1,693,400 |
| 2026-06-22 | $21.48 | 2,166,000 |
| 2026-06-18 | $21.34 | 8,674,300 |
About Plains All American Pipeline, L.P.
Plains 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 through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, trucks, and on barges or railcars. This segment provides terminalling, storage, and other related services, as well as merchant activities. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminaling. This segment also includes ethane, propane, normal butane, iso-butane, and natural gasoline derived from natural gas production and processing activities, as well as crude oil refining processes. Its NGL components are used for various applications, such as heating, engine, and industrial fuels. 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.
đ° Latest News
Texas Port CEO Sees US Oil Exports Holding Above Prewar Levels
Bloomberg âĸ 2026-07-14T19:02:37ZPlains All American Pipeline (PAA) Holds Payouts As The Market Weighs Its Valuation
Simply Wall St. âĸ 2026-07-12T03:18:59ZShould Plains All American Pipeline's (PAA) Steady Distributions Amid Divestitures Require Action From Investors?
Simply Wall St. âĸ 2026-07-11T21:09:29ZPlains All American Pipeline (PAA) Stock Looks Undervalued On Earnings But Mixed On Fair Value
Simply Wall St. âĸ 2026-07-11T16:08:37ZSector Update: Energy Stocks Advance Late Afternoon
MT Newswires âĸ 2026-07-10T19:55:51ZSector Update: Energy Stocks Softer Friday Afternoon
MT Newswires âĸ 2026-07-10T17:54:28ZPlains All American's Q2 Outlook Softens After Divestiture, UBS Says
MT Newswires âĸ 2026-07-10T15:34:28ZET Underperforms Its Industry in 6 Months: How to Play the Stock?
Zacks âĸ 2026-07-07T16:36:00ZPlains All American Pipeline, L.P. (PAA) A Top Energy Dividend Stock Ramping up Capital Spending on Growth
Insider Monkey âĸ 2026-07-01T19:42:54ZUBS Highlights Plains All American (PAA) Growth Projects and Capital Expansion
Insider Monkey âĸ 2026-07-01T15:58:18ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $42,540,000,000 | $47,534,000,000 | $45,931,000,000 | $55,456,000,000 |
| Cost Of Revenue | $42,540,000,000 | $47,534,000,000 | $45,931,000,000 | $55,456,000,000 |
| Total Revenue | $44,262,000,000 | $48,889,000,000 | $47,336,000,000 | $57,342,000,000 |
| Operating Revenue | $44,262,000,000 | $48,889,000,000 | $47,336,000,000 | $57,342,000,000 |
| Expenses | ||||
| Interest Expense | $554,000,000 | $430,000,000 | $386,000,000 | $405,000,000 |
| Total Expenses | $42,882,000,000 | $47,862,000,000 | $46,230,000,000 | $55,781,000,000 |
| Other Income Expense | $467,000,000 | $302,000,000 | $651,000,000 | $261,000,000 |
| Other Non Operating Income Expenses | $1,000,000 | $4,000,000 | $102,000,000 | $-219,000,000 |
| Net Non Operating Interest Income Expense | $-446,000,000 | $-360,000,000 | $-386,000,000 | $-405,000,000 |
| Interest Expense Non Operating | $554,000,000 | $430,000,000 | $386,000,000 | $405,000,000 |
| Operating Expense | $342,000,000 | $328,000,000 | $299,000,000 | $325,000,000 |
| General And Administrative Expense | $342,000,000 | $328,000,000 | $299,000,000 | $325,000,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $1,009,000,000 | $541,000,000 | $1,038,000,000 | $1,037,000,000 |
| Net Interest Income | $-446,000,000 | $-360,000,000 | $-386,000,000 | $-405,000,000 |
| Interest Income | $108,000,000 | $70,000,000 | $27,000,000 | - |
| Normalized Income | $925,890,400 | $681,217,000 | $866,064,000 | $970,270,289 |
| Net Income From Continuing And Discontinued Operation | $1,392,000,000 | $772,000,000 | $1,230,000,000 | $1,037,000,000 |
| Total Operating Income As Reported | $1,434,000,000 | $868,000,000 | $1,258,000,000 | $1,292,000,000 |
| Net Income Common Stockholders | $1,169,000,000 | $514,000,000 | $976,000,000 | $831,000,000 |
| Net Income | $1,392,000,000 | $772,000,000 | $1,230,000,000 | $1,037,000,000 |
| Net Income Including Noncontrolling Interests | $1,769,000,000 | $1,113,000,000 | $1,502,000,000 | $1,228,000,000 |
| Net Income Discontinuous Operations | $383,000,000 | $231,000,000 | $192,000,000 | - |
| Net Income Continuous Operations | $1,386,000,000 | $882,000,000 | $1,310,000,000 | $1,228,000,000 |
| Pretax Income | $1,401,000,000 | $969,000,000 | $1,371,000,000 | $1,417,000,000 |
| Special Income Charges | $54,000,000 | $-159,000,000 | $152,000,000 | $-269,000,000 |
| Earnings From Equity Interest | $382,000,000 | $452,000,000 | $369,000,000 | $403,000,000 |
| Interest Income Non Operating | $108,000,000 | $70,000,000 | $27,000,000 | - |
| Operating Income | $1,380,000,000 | $1,027,000,000 | $1,106,000,000 | $1,561,000,000 |
| Gross Profit | $1,722,000,000 | $1,355,000,000 | $1,405,000,000 | $1,886,000,000 |
| Per Share | ||||
| Diluted EPS | $1.66 | $0.73 | $1.40 | $1.19 |
| Basic EPS | $1.66 | $0.73 | $1.40 | $1.19 |
| Other | ||||
| Tax Effect Of Unusual Items | $890,400 | $-13,783,000 | $8,064,000 | $10,270,289 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $2,824,000,000 | $2,454,000,000 | $2,486,000,000 | $2,710,000,000 |
| Total Unusual Items | $84,000,000 | $-154,000,000 | $180,000,000 | $77,000,000 |
| Total Unusual Items Excluding Goodwill | $84,000,000 | $-154,000,000 | $180,000,000 | $77,000,000 |
| Reconciled Depreciation | $953,000,000 | $901,000,000 | $909,000,000 | $965,000,000 |
| EBITDA (Bullshit earnings) | $2,908,000,000 | $2,300,000,000 | $2,666,000,000 | $2,787,000,000 |
| EBIT | $1,955,000,000 | $1,399,000,000 | $1,757,000,000 | $1,822,000,000 |
| Diluted Average Shares | $704,000,000 | $702,000,000 | $699,000,000 | $701,000,000 |
| Basic Average Shares | $704,000,000 | $702,000,000 | $699,000,000 | $701,000,000 |
| Diluted NI Availto Com Stockholders | $1,169,000,000 | $514,000,000 | $976,000,000 | $831,000,000 |
| Otherunder Preferred Stock Dividend | $7,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Preferred Stock Dividends | $216,000,000 | $253,000,000 | $249,000,000 | $201,000,000 |
| Minority Interests | $-334,000,000 | $-341,000,000 | $-272,000,000 | $-191,000,000 |
| Tax Provision | $15,000,000 | $87,000,000 | $61,000,000 | $189,000,000 |
| Gain On Sale Of Ppe | $54,000,000 | $-159,000,000 | $152,000,000 | $-269,000,000 |
| Gain On Sale Of Security | $30,000,000 | $5,000,000 | $28,000,000 | $346,000,000 |
| Selling General And Administration | $342,000,000 | $328,000,000 | $299,000,000 | $325,000,000 |
| Other Gand A | $342,000,000 | $328,000,000 | $299,000,000 | $325,000,000 |
| Impairment Of Capital Assets | - | - | - | $0 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $-1,754,000,000 | $-1,677,000,000 | $-1,875,000,000 | $-2,145,000,000 |
| Total Assets | $30,169,000,000 | $26,562,000,000 | $27,355,000,000 | $27,892,000,000 |
| Total Non Current Assets | $25,436,000,000 | $21,760,000,000 | $22,442,000,000 | $22,537,000,000 |
| Other Non Current Assets | $3,778,000,000 | $3,637,000,000 | $1,652,000,000 | $1,709,000,000 |
| Goodwill And Other Intangible Assets | $1,754,000,000 | $1,677,000,000 | $1,875,000,000 | $2,145,000,000 |
| Other Intangible Assets | $1,754,000,000 | $1,677,000,000 | $1,875,000,000 | $2,145,000,000 |
| Current Assets | $4,733,000,000 | $4,802,000,000 | $4,913,000,000 | $5,355,000,000 |
| Other Current Assets | $117,000,000 | $99,000,000 | $155,000,000 | $318,000,000 |
| Assets Held For Sale Current | $479,000,000 | $415,000,000 | - | - |
| Inventory | $211,000,000 | $261,000,000 | $548,000,000 | $729,000,000 |
| Receivables | $3,598,000,000 | $3,679,000,000 | $3,760,000,000 | $3,907,000,000 |
| Accounts Receivable | $3,598,000,000 | $3,679,000,000 | $3,760,000,000 | $3,907,000,000 |
| Allowance For Doubtful Accounts Receivable | $-7,398,000,000 | $-7,582,000,000 | $-7,774,000,000 | $-7,450,000,000 |
| Gross Accounts Receivable | $10,996,000,000 | $11,261,000,000 | $11,534,000,000 | $11,357,000,000 |
| Cash Cash Equivalents And Short Term Investments | $328,000,000 | $348,000,000 | $450,000,000 | $401,000,000 |
| Cash And Cash Equivalents | $328,000,000 | $348,000,000 | $450,000,000 | $401,000,000 |
| Restricted Cash | - | - | - | - |
| Debt | ||||
| Net Debt | $10,931,000,000 | $7,270,000,000 | $7,301,000,000 | $8,045,000,000 |
| Total Debt | $11,461,000,000 | $7,810,000,000 | $8,025,000,000 | $8,754,000,000 |
| Long Term Debt And Capital Lease Obligation | $10,898,000,000 | $7,403,000,000 | $7,579,000,000 | $7,595,000,000 |
| Long Term Debt | $10,696,000,000 | $7,211,000,000 | $7,305,000,000 | $7,287,000,000 |
| Current Debt And Capital Lease Obligation | $563,000,000 | $407,000,000 | $446,000,000 | $1,159,000,000 |
| Current Debt | $563,000,000 | $407,000,000 | $446,000,000 | $1,159,000,000 |
| Other Current Borrowings | $9,000,000 | $14,000,000 | $13,000,000 | $1,159,000,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $17,089,000,000 | $13,466,000,000 | $13,623,000,000 | $14,567,000,000 |
| Total Non Current Liabilities Net Minority Interest | $12,158,000,000 | $8,516,000,000 | $8,620,000,000 | $8,676,000,000 |
| Other Non Current Liabilities | $654,000,000 | $537,000,000 | $1,041,000,000 | $1,081,000,000 |
| Liabilities Heldfor Sale Non Current | $606,000,000 | $576,000,000 | - | - |
| Current Liabilities | $4,931,000,000 | $4,950,000,000 | $5,003,000,000 | $5,891,000,000 |
| Other Current Liabilities | $911,000,000 | $896,000,000 | $713,000,000 | $688,000,000 |
| Payables And Accrued Expenses | $3,457,000,000 | $3,647,000,000 | $3,844,000,000 | $4,044,000,000 |
| Payables | $3,457,000,000 | $3,647,000,000 | $3,844,000,000 | $4,044,000,000 |
| Accounts Payable | $3,457,000,000 | $3,647,000,000 | $3,844,000,000 | $4,044,000,000 |
| Current Notes Payable | - | - | - | $1,100,000,000 |
| Equity | ||||
| Common Stock Equity | $9,836,000,000 | $9,813,000,000 | $10,422,000,000 | $10,057,000,000 |
| Total Equity Gross Minority Interest | $13,080,000,000 | $13,096,000,000 | $13,732,000,000 | $13,325,000,000 |
| Stockholders Equity | $0 | $0 | $0 | $0 |
| Long Term Equity Investment | $2,846,000,000 | $2,811,000,000 | $2,820,000,000 | $3,084,000,000 |
| Other | ||||
| Ordinary Shares Number | $705,520,697 | $703,770,300 | $701,008,749 | $698,354,498 |
| Share Issued | $705,520,697 | $703,770,300 | $701,008,749 | $698,354,498 |
| Tangible Book Value | $8,082,000,000 | $8,136,000,000 | $8,547,000,000 | $7,912,000,000 |
| Invested Capital | $21,095,000,000 | $17,431,000,000 | $18,173,000,000 | $18,503,000,000 |
| Working Capital | $-198,000,000 | $-148,000,000 | $-90,000,000 | $-536,000,000 |
| Capital Lease Obligations | $202,000,000 | $192,000,000 | $274,000,000 | $308,000,000 |
| Total Capitalization | $20,532,000,000 | $17,024,000,000 | $17,727,000,000 | $17,344,000,000 |
| Minority Interest | $3,244,000,000 | $3,283,000,000 | $3,310,000,000 | $3,268,000,000 |
| Total Partnership Capital | $9,836,000,000 | $9,813,000,000 | $10,422,000,000 | $10,057,000,000 |
| Limited Partnership Capital | $9,836,000,000 | $9,813,000,000 | $10,422,000,000 | $10,057,000,000 |
| Long Term Capital Lease Obligation | $202,000,000 | $192,000,000 | $274,000,000 | $308,000,000 |
| Commercial Paper | $554,000,000 | $393,000,000 | $433,000,000 | $0 |
| Investments And Advances | $2,846,000,000 | $2,811,000,000 | $2,820,000,000 | $3,084,000,000 |
| Net PPE | $17,058,000,000 | $13,635,000,000 | $16,095,000,000 | $15,599,000,000 |
| Accumulated Depreciation | $-5,676,000,000 | $-5,082,000,000 | $-5,361,000,000 | $-4,770,000,000 |
| Gross PPE | $22,734,000,000 | $18,717,000,000 | $21,456,000,000 | $20,369,000,000 |
| Construction In Progress | $238,000,000 | $148,000,000 | $257,000,000 | $201,000,000 |
| Other Properties | $198,000,000 | $189,000,000 | $819,000,000 | $807,000,000 |
| Machinery Furniture Equipment | $21,974,000,000 | $18,085,000,000 | $20,039,000,000 | $19,035,000,000 |
| Land And Improvements | $324,000,000 | $295,000,000 | $341,000,000 | $326,000,000 |
| Other Inventories | $18,000,000 | $14,000,000 | $11,000,000 | $7,000,000 |
| Raw Materials | $193,000,000 | $247,000,000 | $537,000,000 | $722,000,000 |
| Current Capital Lease Obligation | - | - | - | $71,000,000 |
| Properties | - | - | - | $0 |
| Line Of Credit | - | - | - | - |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $2,293,000,000 | $2,042,000,000 | $2,319,000,000 | $1,953,000,000 |
| Operating Activities | ||||
| Operating Cash Flow | $2,936,000,000 | $2,490,000,000 | $2,727,000,000 | $2,408,000,000 |
| Cash From Discontinued Operating Activities | $484,000,000 | $254,000,000 | $475,000,000 | - |
| Cash Flow From Continuing Operating Activities | $2,452,000,000 | $2,236,000,000 | $2,252,000,000 | $2,408,000,000 |
| Operating Gains Losses | $-454,000,000 | $-320,000,000 | $-604,000,000 | $-285,000,000 |
| Investing Activities | ||||
| Capital Expenditure | $-643,000,000 | $-448,000,000 | $-408,000,000 | $-455,000,000 |
| Investing Cash Flow | $-3,769,000,000 | $-1,504,000,000 | $-702,000,000 | $-526,000,000 |
| Cash From Discontinued Investing Activities | $-197,000,000 | $-170,000,000 | $-162,000,000 | - |
| Cash Flow From Continuing Investing Activities | $-3,572,000,000 | $-1,334,000,000 | $-540,000,000 | $-526,000,000 |
| Net Other Investing Changes | $-276,000,000 | $-634,000,000 | $326,000,000 | $92,000,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-341,000,000 | $0 | $0 | $-74,000,000 |
| Financing Cash Flow | $799,000,000 | $-1,077,000,000 | $-1,976,000,000 | $-1,931,000,000 |
| Cash Flow From Continuing Financing Activities | $799,000,000 | $-1,077,000,000 | $-1,976,000,000 | $-1,931,000,000 |
| Net Other Financing Charges | $-456,000,000 | $-421,000,000 | $-320,000,000 | $-325,000,000 |
| Cash Dividends Paid | $-1,295,000,000 | $-1,145,000,000 | $-989,000,000 | $-782,000,000 |
| Preferred Stock Dividend Paid | $-225,000,000 | $-254,000,000 | $-241,000,000 | $-198,000,000 |
| Common Stock Dividend Paid | $-1,070,000,000 | $-891,000,000 | $-748,000,000 | $-584,000,000 |
| Net Preferred Stock Issuance | $-333,000,000 | $0 | $0 | - |
| Net Common Stock Issuance | $-8,000,000 | $0 | $0 | $-74,000,000 |
| Dividend Received Cfo | $486,000,000 | $505,000,000 | $458,000,000 | $488,000,000 |
| Other | ||||
| Repayment Of Debt | $-2,114,000,000 | $-750,000,000 | $-1,100,000,000 | $-750,000,000 |
| Issuance Of Debt | $4,428,000,000 | $1,279,000,000 | $0 | $0 |
| Interest Paid Supplemental Data | $516,000,000 | $381,000,000 | $377,000,000 | $393,000,000 |
| Income Tax Paid Supplemental Data | $98,000,000 | $269,000,000 | $69,000,000 | $112,000,000 |
| End Cash Position | $328,000,000 | $348,000,000 | $450,000,000 | $401,000,000 |
| Beginning Cash Position | $348,000,000 | $450,000,000 | $401,000,000 | $453,000,000 |
| Effect Of Exchange Rate Changes | $14,000,000 | $-11,000,000 | $0 | $-3,000,000 |
| Changes In Cash | $-34,000,000 | $-91,000,000 | $49,000,000 | $-49,000,000 |
| Preferred Stock Payments | $-333,000,000 | $0 | $0 | - |
| Common Stock Payments | $-8,000,000 | $0 | $0 | $-74,000,000 |
| Net Issuance Payments Of Debt | $2,891,000,000 | $489,000,000 | $-667,000,000 | $-750,000,000 |
| Net Short Term Debt Issuance | $577,000,000 | $-40,000,000 | $433,000,000 | $0 |
| Net Long Term Debt Issuance | $2,314,000,000 | $529,000,000 | $-1,100,000,000 | $-750,000,000 |
| Long Term Debt Payments | $-2,114,000,000 | $-750,000,000 | $-1,100,000,000 | $-750,000,000 |
| Long Term Debt Issuance | $4,428,000,000 | $1,279,000,000 | $0 | $0 |
| Net Business Purchase And Sale | $-2,653,000,000 | $-252,000,000 | $-458,000,000 | $-163,000,000 |
| Purchase Of Business | $-2,653,000,000 | $-252,000,000 | $-458,000,000 | $-163,000,000 |
| Net PPE Purchase And Sale | $-643,000,000 | $-448,000,000 | $-408,000,000 | $-455,000,000 |
| Purchase Of PPE | $-643,000,000 | $-448,000,000 | $-408,000,000 | $-455,000,000 |
| Change In Working Capital | $-34,000,000 | $139,000,000 | $40,000,000 | $-191,000,000 |
| Change In Payables And Accrued Expense | $-334,000,000 | $-57,000,000 | $-141,000,000 | $-830,000,000 |
| Change In Payable | $-334,000,000 | $-57,000,000 | $-141,000,000 | $-830,000,000 |
| Change In Account Payable | $-334,000,000 | $-57,000,000 | $-141,000,000 | $-830,000,000 |
| Change In Inventory | $96,000,000 | $120,000,000 | $102,000,000 | $-10,000,000 |
| Change In Receivables | $204,000,000 | $76,000,000 | $79,000,000 | $649,000,000 |
| Changes In Account Receivables | $204,000,000 | $76,000,000 | $79,000,000 | $649,000,000 |
| Other Non Cash Items | $-331,000,000 | $-157,000,000 | $-94,000,000 | $58,000,000 |
| Stock Based Compensation | $49,000,000 | $50,000,000 | $50,000,000 | $40,000,000 |
| Deferred Tax | $14,000,000 | $5,000,000 | $-9,000,000 | $105,000,000 |
| Deferred Income Tax | $14,000,000 | $5,000,000 | $-9,000,000 | $105,000,000 |
| Depreciation Amortization Depletion | $953,000,000 | $901,000,000 | $909,000,000 | $965,000,000 |
| Depreciation And Amortization | $953,000,000 | $901,000,000 | $909,000,000 | $965,000,000 |
| Earnings Losses From Equity Investments | $-413,000,000 | $-467,000,000 | $-397,000,000 | $-749,000,000 |
| Net Foreign Currency Exchange Gain Loss | $13,000,000 | $-12,000,000 | $3,000,000 | $41,000,000 |
| Net Income From Continuing Operations | $1,769,000,000 | $1,113,000,000 | $1,502,000,000 | $1,228,000,000 |
| Gain Loss On Investment Securities | - | - | $-58,000,000 | $189,000,000 |
| Asset Impairment Charge | - | - | - | $-346,000,000 |