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Plains All American Pipeline, L.P. (PAA)
NASDAQ: PAA · Real-Time Price · USD
23.99
-0.20 (-0.83%)
At close: Aug 19, 2026, 4:00 PM EDT
24.10
+0.11 (0.46%)
After-hours: Aug 19, 2026, 7:30 PM EDT

PAA Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
52,30544,26248,88947,33657,34242,078
Revenue Growth
12.22%-9.46%3.28%-17.45%36.27%80.67%
Gross Profit
2,9032,6752,6012,3142,8512,509
Operating Income
1,5991,3891,3721,1061,5611,460
Net Income
2,5461,169514976831393
Earnings Per Share
3.611.660.731.401.190.55
EPS Growth
306.86%126.79%-47.56%17.79%115.98%-

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Crude Oil
52,37944,13148,72047,17455,08040,470
NGL
1461511871862,7611,968
Eliminations
-219-20-18-24-499-360
Revenue (Total)
52,30544,26248,88947,33657,34242,078

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,059328348501476449
Total Debt
8,63511,4887,8408,0948,8259,636
Net Cash (Debt)
-7,576-11,160-7,492-7,593-8,349-9,187
Net Cash Growth
------
Net Cash Per Share
-10.75-15.85-10.67-10.86-11.91-12.83

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,9762,9362,4902,7272,4081,996
Capital Expenditures
-601-643-448-408-455-336
Free Cash Flow
2,3752,2932,0422,3191,9531,660
Free Cash Flow Growth
6.69%12.29%-11.95%18.74%17.65%113.92%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
5.55%6.04%5.32%4.89%4.97%5.96%
Operating Margin
3.06%3.14%2.81%2.34%2.72%3.47%
Pretax Margin
2.85%3.17%1.98%2.90%2.47%1.71%
Profit Margin
4.87%2.64%1.05%2.06%1.45%0.93%
FCF Margin
4.54%5.18%4.18%4.90%3.41%3.94%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '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
6.96%9.18%8.97%9.16%10.47%11.13%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
6.6410.8423.3810.889.8816.90
Forward PE
13.4210.0311.8111.919.077.94
P/FCF Ratio
7.135.535.894.584.214.00
PS Ratio
0.320.290.250.220.140.16