Plains All American Pipeline, L.P. logo PAA - Plains All American Pipeline, L.P.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 23
HOLD 17
SELL 1
STRONG
SELL 0
| PRICE TARGET: $24.38 DETAILS
HIGH: $27.00
LOW: $23.00
MEDIAN: $24.00
CONSENSUS: $24.38
DOWNSIDE: 0.89%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 44,262 50,073 48,712 57,342 42,078 23,290 33,669 34,055 26,223 20,182 23,152 43,464 42,249 37,797 34,275 25,893 18,520 30,061 20,394 22,444.4 31,177.3 20,975.5 12,589.8 8,384.2 6,868.2 6,641.2 4,701.9 176.4 752.5
Cost of Revenue 41,587 48,354 45,956 55,456 40,343 22,160 31,356 31,576 24,794 18,909 21,612 41,348 40,162 36,030 32,434 24,610 17,294 29,096 19,532 21,855.4 30,715 20,644.0 12,372.4 8,209.9 6,721.0 6,506.5 4,591.6 168.9 740.0
Gross Profit 2,675 1,719 2,756 1,886 1,735 1,130 2,313 2,479 1,429 1,273 1,540 2,116 2,087 1,767 1,841 1,283 1,226 965 862 589 462.3 331.4 217.4 174.3 147.2 134.7 110.3 7.5 12.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 342 381 350 325 292 271 297 316 276 279 278 325 359 342 294 260 211 160 164 133.9 103.2 82.7 73.0 45.7 46.6 40.8 22.2 0.8 3.5
Other Expenses 899 160 896 269 592 3,234 28 0 0 0 0 (2) 1 0 249 256 236 211 180 100.4 83.5 68.7 46.2 34.1 24.3 24.5 17.3 2 4.7
Operating Expenses 1,241 541 1,246 594 884 3,505 325 316 276 279 278 325 359 342 543 516 447 371 344 234.3 186.7 151.4 119.2 79.7 70.9 65.3 39.5 2 4.7
Operating Income
Operating Income 1,434 1,178 1,510 1,292 851 (2,375) 1,988 2,277 1,153 994 1,262 1,791 1,728 1,425 1,298 767 779 594 518 354.7 275.6 180.0 98.2 94.6 76.4 69.3 70.8 5.5 7.8
Interest Expense 554 430 386 405 425 436 425 431 510 467 432 348 313 288 253 248 224 196 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 70 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 2,908 2,736 3,057 2,787 1,920 (1,510) 3,272 2,691 2,007 1,704 1,811 2,289 2,168 1,948 1,541 1,016 1,044 853 699 465.1 359.1 247.1 144.4 128.6 100.7 93.9 87.1 6.7 9.0
EBIT 1,955 1,710 2,009 1,822 1,146 (2,163) 2,671 2,845 1,384 1,222 1,438 1,905 1,803 1,469 1,292 761 810 641 518 355 274.8 179.8 98.2 94.6 76.4 69.3 69.8 5.5 7.8
Income Before Tax 1,401 1,280 1,623 1,417 721 (2,599) 2,246 2,414 902 755 1,006 1,557 1,490 1,181 1,039 513 586 445 381 279.1 217.8 1.9 59,448 65,292 72.4 110.6 (81.6) 0 3.4
Income Tax Expense 15 167 121 189 73 (19) 66 198 44 25 100 171 99 54 45 (1) 6 8 16 0.3 0 50.0 38.8 (29,238.7) 32.2 (8.2) 174.1 1.3 1.3
Net Income 1,435 772 1,230 1,037 593 (2,590) 2,171 2,216 856 726 903 1,384 1,361 1,094 966 505 579 437 365 285.1 217.8 130.0 59.4 65.3 44.2 77.5 (103.3) 4.2 2.1
Per Share Data
EPS (Basic) 1.66 0.73 1.40 1.19 0.55 -3.83 2.71 2.77 0.96 0.43 0.78 2.39 2.82 2.41 2.46 1.21 1.67 1.33 1.27 1.46 1.39 0.95 0.51 0.67 0.56 1.10 -1.63 0.07 0.04
EPS (Diluted) 1.66 0.73 1.40 1.19 0.55 -3.83 2.65 2.77 0.95 0.43 0.77 2.38 2.80 2.40 2.44 1.20 1.66 1.32 1.26 1.44 1.36 0.95 0.50 0.67 0.56 1.10 -1.63 0.07 0.04
Shares Outstanding 704 702 699 701 716 728 727 799 717 464 394 367 341 325 297 274 260 240 226 162 138.6 126.6 106 91 75.1 68.8 63.3 60 60
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 4,733 348 450 401 449 22 45 66 37 47 27 403 41 24 26 36 25 11 24 11.3 9.6 13.0 4.1 3.5 3.5 3.4 53.8 5.5 0.0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 3,926 3,901 3,760 3,907 4,705 2,553 3,614 2,454 3,029 2,279 1,785 2,615 3,638 3,563 3,190 2,746 2,253 1,525 2,561 1,725.4 781 521.8 590.6 499.9 365.7 347.7 508.9 119.5 96.3
Inventory 0 439 548 729 783 647 604 640 713 1,343 916 891 1,065 1,209 978 1,491 1,157 801 972 1,290 910.3 498.2 106.0 81.8 188.9 46.8 72.7 37.7 18.9
Other Current Assets (3,926) 114 155 318 200 443 349 373 221 603 241 270 220 351 157 108 223 259 116 130.9 104.3 68.2 32.2 17.7 0 0 103.6 1.1 0
Total Current Assets 4,733 4,802 4,913 5,355 6,137 3,665 4,612 3,533 4,000 4,272 2,969 4,179 4,964 5,147 4,351 4,681 3,658 2,596 3,673 3,157.6 1,805.2 1,101.2 733.0 602.9 558.1 397.9 739 166.9 115.4
Non-Current Assets
Property, Plant & Equipment 17,058 15,756 16,095 15,599 15,296 14,989 15,821 14,787 14,089 13,872 13,474 12,272 10,819 9,643 7,740 6,691 6,340 5,059 4,419 3,842 1,857.2 1,727.6 1,151.0 952.8 604.9 440.6 443.3 378 32.4
Goodwill 0 0 0 0 0 0 2,540 2,521 2,566 2,344 2,405 2,465 2,503 2,535 1,854 1,376 1,287 1,210 1,072 1,026.2 0 0 0 0 0 0 0 0 0
Intangible Assets 1,754 1,677 1,875 2,145 1,960 805 707 772 844 242 283 345 420 473 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 2,846 2,811 2,820 3,084 3,805 3,764 3,683 2,702 2,756 2,343 2,027 1,735 485 343 191 200 572 396 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 3,778 1,516 1,652 1,709 1,411 1,274 1,314 1,196 1,096 1,137 1,130 1,202 1,169 1,094 815 1,055 501 771 742 689.1 410.5 331.6 211.6 110.9 98.2 47.3 40.7 65.4 1.8
Total Non-Current Assets 25,436 21,760 22,442 22,537 22,472 20,832 24,065 21,978 21,351 19,938 19,319 18,077 15,396 14,088 11,030 9,322 8,700 7,436 6,233 5,557.3 2,315.1 2,059.2 1,362.7 1,063.6 703.2 487.9 484 443.3 34.2
Total Assets 30,169 26,562 27,355 27,892 28,609 24,497 28,677 25,511 25,351 24,210 22,288 22,256 20,360 19,235 15,381 14,003 12,358 10,032 9,906 8,714.9 4,120.3 3,160.4 2,095.6 1,666.6 1,261.3 885.8 1,223 610.2 149.6
Current Liabilities
Account Payables 4,367 3,881 3,844 4,044 4,810 2,437 3,686 2,704 3,323 2,588 2,038 2,986 3,983 3,822 3,599 2,738 2,295 1,507 2,577 1,846.6 1,293.6 850.9 603.5 488.9 387.0 328.5 485.4 137 86.4
Short-Term Debt 202 408 446 1,159 822 831 486 66 737 1,715 999 1,287 1,113 1,086 679 1,326 1,074 1,027 960 1,001.2 378.4 175.5 127.3 99.2 104.5 1.3 109.4 9.8 18
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 362 661 713 617 523 907 733 686 471 361 370 482 315 275 233 151 413 426 192 176.9 121.3 87.3 71.2 49.1 13.7 21.0 42.7 7.7 0
Total Current Liabilities 4,931 4,950 5,003 5,891 6,232 4,253 5,017 3,456 4,531 4,664 3,407 4,755 5,411 5,183 4,511 4,515 3,782 2,960 3,729 3,024.7 1,793.3 1,113.7 801.9 637.2 505.2 350.8 637.5 157.5 113.4
Non-Current Liabilities
Long-Term Debt 10,898 7,213 7,305 7,287 8,398 9,312 9,138 9,143 9,183 10,124 10,375 8,762 6,715 6,320 4,520 4,631 4,142 3,259 2,624 2,626.3 951.7 949.0 519.0 509.7 351.7 320 373.5 175 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1,058 990 1,041 1,081 830 807 891 910 679 606 567 548 531 586 376 284 275 261 129 87.1 44.6 27.5 28.0 8.0 1.6 1.0 19 0.1 30.2
Total Non-Current Liabilities 12,158 8,516 8,620 8,676 9,567 10,506 10,465 10,053 9,862 10,730 10,942 9,310 7,246 6,906 4,896 4,915 4,417 3,520 2,753 2,713.4 996.3 976.5 547.0 517.7 353.3 321.0 392.5 175.1 30.2
Total Liabilities 17,089 13,466 13,623 14,567 15,799 14,759 15,482 13,509 14,393 15,394 14,349 14,065 12,657 12,089 9,425 9,134 8,212 6,480 6,482 5,738.1 2,789.6 2,090.2 1,348.9 1,155.0 858.5 671.8 1,030 332.6 143.6
Stockholders' Equity
Common Stock 7,801 7,512 8,126 7,765 7,680 7,301 10,770 9,710 8,665 7,251 7,580 7,793 7,349 6,388 0 0 0 3,469 3,343 2,906.1 1,294.1 1,039.0 762.1 542.9 389.2 210.8 193.3 0 0
Retained Earnings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 83 81 70.7 0 0 (15.4) (31.3) 13.6 3.2 (0.3) 0 0
Total Stockholders' Equity 9,836 9,813 10,422 10,057 9,972 9,593 13,062 12,002 10,958 8,759 7,580 7,793 7,349 6,388 5,249 4,234 4,002 3,552 3,424 2,976.8 1,294.1 1,039.0 746.7 511.6 402.8 214.0 193 277.6 6.0
Total Liabilities & Equity 30,169 26,562 27,355 27,892 28,609 24,497 28,677 25,511 25,351 24,210 22,288 22,256 20,360 19,235 15,399 13,707 12,371 10,032 9,906 8,714.9 4,120.3 3,160.4 2,095.6 1,666.6 1,261.3 885.8 1,223 610.2 149.6
Debt Metrics
Total Debt 11,302 7,934 8,025 8,825 9,636 10,608 10,172 9,209 9,920 11,839 11,374 9,991 7,828 7,406 5,199 5,957 5,216 4,286 3,584 3,627.5 1,330.1 1,124.5 646.2 609.0 456.2 321.3 482.9 184.8 18
Net Debt 6,569 7,586 7,575 8,424 9,187 10,586 10,127 9,143 9,883 11,792 11,347 9,588 7,787 7,382 5,173 5,921 5,191 4,275 3,560 3,616.2 1,320.5 1,111.5 642.1 605.5 452.6 317.9 429.1 179.3 18.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income 1,045 1,113 1,502 1,228 648 (2,580) 2,180 2,216 858 730 906 1,386 1,391 1,127 1 514 580 437 365 285.1 217.8 130.0 59.4 65.3 44.2 77.5 (101.8) 4.2 2.1
Depreciation & Amortization 957 1,026 1,048 965 774 653 601 520 626 494 432 392 375 482 249 256 236 211 181 100.4 83.5 67.2 46.8 34.1 24.3 24.5 17.3 1.2 1.2
Stock-Based Compensation 0 50 50 40 23 15 34 79 41 60 27 98 116 101 110 98 68 24 49 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (34) 74 194 (191) (227) (158) (12) (133) 941 (486) (116) (267) 74 (466) 1,002 (605) (461) 139 190 (703) (324) (102.9) (62.3) 74.6 (110.5) (100.0) (5.7) 3 (17.3)
Other Non-Cash Items 954 255 (43) 261 755 3,654 (253) (206) 17 (12) 79 295 (2) (4) 997 (4) (49) 71 60 42.2 46.8 9.6 24.5 (0.1) 12.0 (35.5) (16) 0 1.1
Operating Cash Flow 2,936 2,490 2,727 2,408 1,996 1,514 2,504 2,608 2,499 726 1,344 2,004 1,954 1,240 2,365 259 365 857 796 (275.3) 24.1 104.0 68.5 173.9 (30.0) (33.5) (106.2) 8.4 (12.9)
Investing Activities
Capital Expenditure (643) (619) (559) (455) (336) (738) (1,181) (1,634) (1,024) (1,334) (2,079) (1,932) (1,613) (1,204) (657) (451) (469) (589) (548) (341) (164.1) (116.9) (65.4) (40.6) (21.1) (12.6) (189.7) (2.9) (0.7)
Acquisitions (2,522) (252) (458) (163) (126) (771) (574) (458) (1,675) (583) (358) (1,256) (161) (2,173) (1,390) (407) (223) (709) (127) (1,263.9) (30) (535.3) (168.4) (324.6) (229.2) 0 0 0 0
Purchases of Investments (332) 0 0 (14) (94) (461) (524) 200 (416) (301) (253) 0 0 0 0 2 0 (37) (9) (45.9) 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 14 94 461 524 (200) 21 0 0 0 0 0 0 268 26 51 40 4.4 0 0 0 0 0 0 0 0 0
Other Investing Activities (197) (633) 315 92 848 416 (10) 1,279 1,129 644 (93) (108) 121 (15) 27 7 6 (4) 21 (0.2) (103.1) 1.0 8.4 1.4 0.7 223.6 3.6 (0.2) (1.2)
Investing Cash Flow (3,694) (1,504) (702) (526) 386 (1,093) (1,765) (813) (1,570) (1,273) (2,530) (3,296) (1,653) (3,392) (2,020) (583) (660) (1,339) (663) (1,651) (297.2) (651.2) (225.3) (363.8) (249.5) 211.0 (186.1) (3.1) (1.9)
Financing Activities
Net Debt Issuance 2,891 489 (667) (750) (912) 427 416 (701) (2,004) (633) 1,380 2,229 425 2,207 (759) 734 471 687 (54) 1,563.1 211.7 455.8 33.9 149.7 134.3 (161.5) 298.1 0 18
Stock Repurchased (341) 0 0 (74) (178) (50) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (1,295) (1,145) (989) (782) (715) (853) (1,202) (1,032) (1,386) (1,062) (1,081) (934) (791) (684) (791) (10) (605) (532) (451) (262.6) (197) (158.4) (121.8) (99.8) (75.9) (59.6) (51.7) 0 0
Other Financing Activities (531) (421) (320) (325) (179) 41 66 (24) 788 (156) 515 362 85 (351) 100 (182) (149) (6) (2) (16.3) (8.3) (16.3) (127) (5.4) (6.4) (6.7) (17.2) (244.5) (3.7)
Financing Cash Flow 724 (1,077) (1,976) (1,931) (1,984) (435) (720) (1,757) (943) 563 814 1,657 (281) 2,151 (345) 336 312 464 (124) 1,927 270.6 554.5 157.2 189.5 279.5 (227.8) 340.5 0.2 14.3
Cash Position
Net Change in Cash (20) (102) 49 (52) 393 (22) 16 29 (10) 20 (376) 362 17 (2) (10) 11 14 (13) 13 1.7 (3.4) 8.9 0.6 (0.0) 0.1 (50.3) 48.3 5.5 (0.4)
Cash at Beginning 348 450 401 453 60 82 66 37 47 27 403 41 24 26 36 25 11 24 11 9.6 13 4.1 3.5 3.5 3.4 53.8 5.5 0 0.4
Cash at End 328 348 450 401 453 60 82 66 37 47 27 403 41 24 26 36 25 11 24 11.3 9.6 13.0 4.1 3.5 3.5 3.4 53.8 5.5 0.0
Free Cash Flow 2,293 1,871 2,168 1,953 1,660 776 1,323 974 1,475 (608) (735) 72 341 36 1,708 (192) (104) 268 248 (616.3) (140) (13.0) 3.1 133.3 (51.0) (46.1) (295.9) 5.5 (13.5)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 44,262 50,073 48,712 57,342 42,078 23,290 33,669 34,055 26,223 20,182 23,152 43,464 42,249 37,797 34,275 25,893 18,520 30,061 20,394 22,444.4 31,177.3 20,975.5 12,589.8 8,384.2 6,868.2 6,641.2 4,701.9 176.4 752.5
Gross Profit 2,675 1,719 2,756 1,886 1,735 1,130 2,313 2,479 1,429 1,273 1,540 2,116 2,087 1,767 1,841 1,283 1,226 965 862 589 462.3 331.4 217.4 174.3 147.2 134.7 110.3 7.5 12.5
Operating Income 1,434 1,178 1,510 1,292 851 (2,375) 1,988 2,277 1,153 994 1,262 1,791 1,728 1,425 1,298 767 779 594 518 354.7 275.6 180.0 98.2 94.6 76.4 69.3 70.8 5.5 7.8
Net Income 1,435 772 1,230 1,037 593 (2,590) 2,171 2,216 856 726 903 1,384 1,361 1,094 966 505 579 437 365 285.1 217.8 130.0 59.4 65.3 44.2 77.5 (103.3) 4.2 2.1
EPS (Diluted) 1.66 0.73 1.40 1.19 0.55 -3.83 2.65 2.77 0.95 0.43 0.77 2.38 2.80 2.40 2.44 1.20 1.66 1.32 1.26 1.44 1.36 0.95 0.50 0.67 0.56 1.10 -1.63 0.07 0.04
Balance Sheet
Cash & Equivalents 4,733 348 450 401 449 22 45 66 37 47 27 403 41 24 26 36 25 11 24 11.3 9.6 13.0 4.1 3.5 3.5 3.4 53.8 5.5 0.0
Total Assets 30,169 26,562 27,355 27,892 28,609 24,497 28,677 25,511 25,351 24,210 22,288 22,256 20,360 19,235 15,381 14,003 12,358 10,032 9,906 8,714.9 4,120.3 3,160.4 2,095.6 1,666.6 1,261.3 885.8 1,223 610.2 149.6
Total Debt 11,302 7,934 8,025 8,825 9,636 10,608 10,172 9,209 9,920 11,839 11,374 9,991 7,828 7,406 5,199 5,957 5,216 4,286 3,584 3,627.5 1,330.1 1,124.5 646.2 609.0 456.2 321.3 482.9 184.8 18
Stockholders' Equity 9,836 9,813 10,422 10,057 9,972 9,593 13,062 12,002 10,958 8,759 7,580 7,793 7,349 6,388 5,249 4,234 4,002 3,552 3,424 2,976.8 1,294.1 1,039.0 746.7 511.6 402.8 214.0 193 277.6 6.0
Cash Flow
Operating Cash Flow 2,936 2,490 2,727 2,408 1,996 1,514 2,504 2,608 2,499 726 1,344 2,004 1,954 1,240 2,365 259 365 857 796 (275.3) 24.1 104.0 68.5 173.9 (30.0) (33.5) (106.2) 8.4 (12.9)
Capital Expenditure (643) (619) (559) (455) (336) (738) (1,181) (1,634) (1,024) (1,334) (2,079) (1,932) (1,613) (1,204) (657) (451) (469) (589) (548) (341) (164.1) (116.9) (65.4) (40.6) (21.1) (12.6) (189.7) (2.9) (0.7)
Free Cash Flow 2,293 1,871 2,168 1,953 1,660 776 1,323 974 1,475 (608) (735) 72 341 36 1,708 (192) (104) 268 248 (616.3) (140) (13.0) 3.1 133.3 (51.0) (46.1) (295.9) 5.5 (13.5)