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

25.70 +0.18 (+0.69%)
At close: September 4 at 4:00:00 PM EDT
25.78 +0.08 (+0.29%)
After hours: September 4 at 7:46:29 PM EDT
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What's happening with PAA?

8m ago
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Plains All American Pipeline (PAA) is experiencing significant growth momentum, up 45%over the past year, and trading near a 5-year high. Despite a recent earnings pullback and mixed analyst valuations, the company maintains a strong focus on crude oil and infrastructure expansion, presenting both opportunities and risks for investors.

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  • Previous Close 25.52
  • Open 25.52
  • Bid 21.80 x 100
  • Ask 28.90 x 100
  • Day's Range 25.18 - 25.75
  • 52 Week Range 15.69 - 25.97
  • Volume 1,824,728
  • Avg. Volume 2,443,067
  • Market Cap (intraday) 18.133B
  • Beta (5Y Monthly) 0.49
  • PE Ratio (TTM) 21.78
  • EPS (TTM) 1.18
  • Earnings Date Nov 4, 2026
  • Forward Dividend & Yield 1.63 (6.40%)
  • Ex-Dividend Date Jul 31, 2026
  • 1y Target Est 25.18

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.

www.plains.com

3,900

Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

PAA
51.45%
S&P 500 (^GSPC)
12.75%

1-Year Return

PAA
59.53%
S&P 500 (^GSPC)
18.71%

3-Year Return

PAA
109.79%
S&P 500 (^GSPC)
70.93%

5-Year Return

PAA
291.67%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 17.69B
Earnings 1.83B
Profit Margin 10.34%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
5B
10B
15B
2.0%
4.0%
6.0%
8.0%
10.0%

Analyst Insights

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Analyst Price Targets

20.00 Low
25.18 Average
25.70 Current
28.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 9/3/2026
Analyst JP Morgan
Rating Action Maintains
Rating Neutral
Price Action Raises
Price Target 24 -> 27

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    5.29%

  • Return on Assets (ttm)

    3.55%

  • Return on Equity (ttm)

    10.18%

  • Revenue (ttm)

    52.3B

  • Net Income Avi to Common (ttm)

    821M

  • Diluted EPS (ttm)

    1.18

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.06B

  • Total Debt/Equity (mrq)

    60.42%

  • Levered Free Cash Flow (ttm)

    1.4B

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