Plains All American Pipeline, L.P. (PAA) Stock

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.

Plains All American Pipeline, L.P. is headquartered in US.

Plains All American Pipeline, L.P. (PAA) stock trades at $24.06 with a market capitalization of $16.98B. The stock is valued at a price-to-earnings (P/E) ratio of 6.66, price-to-book of 1.53, price-to-sales of 0.33. Over the past 52 weeks the stock has ranged between $15.69 and $26.39, and currently trades 8.8% below its 52-week high. It pays a dividend yielding 6.94%.

On profitability, Plains All American Pipeline, L.P. generates a return on equity (ROE) of 27.46%, above the typical market range of roughly 12-15%, return on capital employed of 6.43%, an operating margin of 2.87%, a net profit margin of 5.30%.

In its most recent fiscal year, Plains All American Pipeline, L.P. reported annual revenue of $44.3B, net profit of $1.4B. Revenue grew at an average annual rate of 13.7% over the last 5 fiscal years.

The balance sheet shows a debt-to-equity ratio of 0.78, a current ratio of 1.12, total assets of $30.2B, $4.7B in cash and equivalents.

PAA has an average daily trading volume of 2,463,076 shares, a beta of 0.49 (historically less volatile than the overall market).

Official website: www.plains.com

Plains All American Pipeline, L.P. by the numbers, 2016–2025

Between 2016 and 2025 Plains All American Pipeline, L.P. reported revenue of $20.2B rising to $44.3B, a change of +119.3% across 10 years. Compounded, revenue has grown 13.7% a year over five years, -8.3% over three, -11.6% over the last twelve months. Net profit rose to $1.4B.

Operating margin went from 4.9% in 2016 to 3.2% in 2025, a fall of 1.7 percentage points. The most recent net margin is 5.30%. On a trailing twelve-month basis to Jun '26, revenue is $52.2B and net profit $2.8B.

Borrowings fell from $11.8B to $11.3B, cash on hand is $1.1B, cash from operations was $2.9B in the latest year, positive in 10 of the last 10.

Return on equity has averaged 10.1% over five years, and was 14.6% in the most recent year.

The share price itself has compounded at 28.2% a year over five years, 28.1% over three, 55.9% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Plains All American Pipeline, L.P. (PAA) — frequently asked questions