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Plains All American Pipeline, L.P. (PAA)
NASDAQ: PAA · Real-Time Price · USD
24.82
-0.07 (-0.28%)
At close: Jul 30, 2026, 4:00 PM EDT
25.00
+0.18 (0.73%)
After-hours: Jul 30, 2026, 6:05 PM EDT

PAA Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
12,47044,26248,88947,33657,34242,078
Revenue Growth
-74.41%-9.46%3.28%-17.45%36.27%80.67%
Gross Profit
-28,9373,8293,7273,3994,1663,574
Operating Income
1,4821,4348681,2581,292851
Net Income
1,1451,4357721,2301,037593
Earnings Per Share
1.211.660.731.401.190.55
EPS Growth
37.50%127.40%-47.86%17.65%116.36%-

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Crude Oil
45,24144,13148,72047,17455,08040,470
NGL
1501511871862,7611,968
Eliminations
-136-20-18-24-499-360
Revenue (Total)
12,47044,26248,88947,33657,34242,078

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
171328348450401449
Total Debt
11,57811,4617,8108,0258,7549,559
Net Cash (Debt)
-11,407-11,133-7,462-7,575-8,353-9,110
Net Cash Growth
------
Net Cash Per Share
-12.05-15.81-10.63-10.84-11.92-8.45

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,7152,9362,4902,7272,4081,996
Capital Expenditures
-582-643-448-408-455-336
Free Cash Flow
2,1332,2932,0422,3191,9531,660
Free Cash Flow Growth
43.25%12.29%-11.95%18.74%17.65%113.92%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
-232.05%8.65%7.62%7.18%7.27%8.49%
Operating Margin
11.88%3.24%1.78%2.66%2.25%2.02%
Pretax Margin
10.81%3.17%1.98%2.90%2.47%1.71%
Profit Margin
10.74%3.13%1.80%2.77%2.14%1.54%
FCF Margin
17.11%5.18%4.18%4.90%3.41%3.95%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.6701.5581.3331.1200.9200.720
Dividend Per Share Growth
12.01%16.89%18.97%21.74%27.78%0%
Dividend Yield
6.73%8.46%7.43%7.06%7.08%5.13%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
18.8810.8223.4010.829.8816.98
Forward PE
13.6510.0311.8111.919.077.94
P/FCF Ratio
8.415.535.894.584.213.97
PS Ratio
0.390.290.250.220.140.16