Plains All American Pipeline, L.P. logo

Plains All American Pipeline, L.P.

PAA

NASDAQEnergyOil & Gas Midstream

Previous close

$24.61

+$0.02 · +0.08%

Aug 21, 4:00 PM ET

Pre-market

$24.7981

+$0.1881 · +0.76%

Aug 24, 7:01 AM ET

PAA company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

94

Deep Value

Momentum

55

Neutral

Sentiment

59

Mixed

Risk resilience

84

Low Risk

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Company profile

Company website

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.

Industry
Oil & Gas Midstream
Sector
Energy
Headquarters
US
CEO
Willie Chiang
Listed since
Nov 18, 1998
Employees
3,900

Market position

Day range

Current $24.61

52-week range

Current $24.61

Open
$24.65
Previous close
$24.59
Volume
2.88M
1.09× average
Average volume
2.65M
Average daily volume
Market cap
17.36B USD
Beta
0.49
Market reference 1
50-day average
$23.234
+5.92% above average
200-day average
$20.9389
+17.53% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
19.21B USD
P/E (TTM)
6.82×
P/B (TTM)
1.57×
P/S (TTM)
0.33×
EV / EBITDA
6.61×
Earnings yield
11.35%
Free cash flow yield
18.14%
Dividend yield
6.63%

Profitability & efficiency

Gross margin
4.49%
Operating margin
2.87%
Net margin
5.30%
Return on equity
14.59%
Return on assets
4.76%
Return on invested capital
5.58%

Financial health

Debt / equity
0.78×
Current ratio
0.96×
Altman Z-score
2.75
Piotroski F-score
6 of 9

Earnings

EPS beat rate
73%
8 beats, 2 misses, 1 met estimate
Average EPS surprise
+4.73%
11 comparable reports
Latest EPS result
0.41
Estimate 0.38 · Beat by 7.44%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.510.430.360.28Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 0.42, estimate 0.4, surprise +5.00%, Beat. Q2 2025, reported May 9, 2025: actual 0.39, estimate 0.436, surprise -10.51%, Miss. Q3 2025, reported Aug 8, 2025: actual 0.36, estimate 0.324, surprise +11.04%, Beat. Q4 2025, reported Nov 5, 2025: actual 0.39, estimate 0.355, surprise +9.86%, Beat. Q1 2026, reported Feb 6, 2026: actual 0.4, estimate 0.47, surprise -14.89%, Miss. Q2 2026, reported May 8, 2026: actual 0.39, estimate 0.367, surprise +6.15%, Beat. Q3 2026, reported Aug 7, 2026: actual 0.41, estimate 0.382, surprise +7.44%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.39, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates18.4B15.55B12.71B9.86BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 12.4B USD, estimate 14.1B USD, surprise -12.01%, Miss. Q2 2025, reported May 9, 2025: actual 12.01B USD, estimate 14.14B USD, surprise -15.05%, Miss. Q3 2025, reported Aug 8, 2025: actual 10.64B USD, estimate 13.42B USD, surprise -20.69%, Miss. Q4 2025, reported Nov 5, 2025: actual 11.58B USD, estimate 12.52B USD, surprise -7.51%, Miss. Q1 2026, reported Feb 6, 2026: actual 10.57B USD, estimate 12.85B USD, surprise -17.80%, Miss. Q2 2026, reported May 8, 2026: actual 12.47B USD, estimate 12.02B USD, surprise +3.73%, Beat. Q3 2026, reported Aug 7, 2026: actual 17.69B USD, estimate 12.72B USD, surprise +39.05%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 14.5B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$24.88

1.10% upside
Past 12 months12-month forecastHigh $27.00Average $24.88Low $23.00

Rating distribution

42 ratings
Strong buy12%
Buy2355%
Hold1740%
Sell12%
Strong sell00%

Recent analyst actions

12 institutions

PAA news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.52

2025 complete year+111.1% since 2021

2026 partial: $1.2525

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 31, 2026

$0.4175

Quarterly

Record Jul 31, 2026 · Payment Aug 14, 2026

Dividend

Ex-dividend May 1, 2026

$0.4175

Quarterly

Record May 1, 2026 · Payment May 15, 2026

Dividend

Ex-dividend Jan 30, 2026

$0.4175

Quarterly

Record Jan 30, 2026 · Payment Feb 13, 2026

Dividend

Ex-dividend Oct 31, 2025

$0.38

Quarterly

Record Oct 31, 2025 · Payment Nov 14, 2025

Dividend

Ex-dividend Jul 31, 2025

$0.38

Quarterly

Record Jul 31, 2025 · Payment Aug 14, 2025

Dividend

Ex-dividend May 1, 2025

$0.38

Quarterly

Record May 1, 2025 · Payment May 15, 2025

PAA peers

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