Plains All American Pipeline, L.P.
Rank #418ValuePAA · Nasdaq · Energy
Plains All American Pipeline, L.P. (PAA) — Rank #418 by gross profitability (GP/assets 0.13) · ROE — · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001070423 · all metrics point-in-time as of the filing date.
About
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.
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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.
- Industry
- Oil & Gas Midstream
- Sector
- Energy
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- plains.com
Financials
Stable
Direction over 5 fiscal years
- Free cash flowimproving
- Gross marginstable
- Gross profitabilitystable
- Net cashimproving
- Operating marginimproving
- Return on equityn/a
- Share count (dilution)n/a
Monitoring diagnostic of business direction — not a prediction of returns.
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2025-12-31filed 2026-02-27 | 2024-12-31filed 2025-02-28 | 2023-12-31filed 2024-02-29 | 2022-12-31filed 2023-03-01 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 44,262.0 | 50,073.0 | 48,712.0 | 57,342.0 |
| Revenue growth (YoY) | -9.5% | 2.8% | -15.1% | 36.3% |
| Gross profit | 3,829.0 | 4,513.0 | 4,181.0 | 4,166.0 |
| Gross margin | 8.7% | 9.0% | 8.6% | 7.3% |
| Net income | 1,435.0 | 772.0 | 1,230.0 | 1,037.0 |
| Net margin | 3.2% | 1.5% | 2.5% | 1.8% |
| Cash flow | ||||
| Operating cash flow | 2,936.0 | 2,490.0 | 2,727.0 | 2,408.0 |
| Capital expenditures | 643.0 | 619.0 | 559.0 | 455.0 |
| Free cash flow | 2,293.0 | 1,871.0 | 2,168.0 | 1,953.0 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?