Plains All American Pipeline LP
NASDAQ:PAA

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Plains All American Pipeline LP Logo
Plains All American Pipeline LP
NASDAQ:PAA
Watchlist
Price: 18.06 USD -1.26% Market Closed
Market Cap: 12.7B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-19%
5Y
+76%
10Y
+69%
Operating Income
+
3Y
-24%
5Y
+21%
10Y
-1%
Net Income
+
3Y
-17%
5Y
-
10Y
+84%

Earnings Waterfall
Plains All American Pipeline LP

Revenue
46.6B USD
Cost of Revenue
-43.9B USD
Gross Profit
2.8B USD
Operating Expenses
-1.3B USD
Operating Income
1.4B USD
Other Expenses
-586m USD
Net Income
854m USD

Income Statement
Plains All American Pipeline LP

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Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
29
29
27
27
29
32
34
35
35
36
37
41
47
52
56
59
59
60
64
68
86
112
135
154
162
163
171
184
196
205
212
219
224
231
236
242
248
256
257
254
253
252
265
277
285
300
300
298
313
314
322
336
348
373
395
418
432
445
454
458
467
484
497
518
510
487
471
447
431
426
418
416
425
433
438
443
436
435
434
427
425
426
418
411
405
396
392
390
386
383
399
415
430
463
485
507
Revenue
6 868
N/A
6 893
+0%
7 291
+6%
7 444
+2%
8 384
+13%
10 120
+21%
10 844
+7%
11 554
+7%
12 590
+9%
13 113
+4%
15 536
+18%
18 349
+18%
20 975
+14%
23 810
+14%
25 839
+9%
28 636
+11%
31 176
+9%
33 173
+6%
30 904
-7%
26 766
-13%
22 445
-16%
18 040
-20%
17 066
-5%
18 340
+7%
20 394
+11%
23 360
+15%
28 502
+22%
31 565
+11%
30 061
-5%
26 169
-13%
21 391
-18%
17 385
-19%
18 520
+7%
21 342
+15%
23 183
+9%
24 740
+7%
25 893
+5%
27 462
+6%
30 198
+10%
32 621
+8%
34 275
+5%
35 798
+4%
36 725
+3%
37 242
+1%
37 797
+1%
39 199
+4%
39 707
+1%
41 056
+3%
42 249
+3%
43 313
+3%
44 213
+2%
44 637
+1%
43 464
-3%
37 722
-13%
33 191
-12%
27 615
-17%
23 152
-16%
21 321
-8%
19 608
-8%
19 227
-2%
20 182
+5%
22 738
+13%
23 866
+5%
24 569
+3%
26 223
+7%
27 954
+7%
29 956
+7%
32 875
+10%
34 055
+4%
34 033
0%
34 206
+1%
33 300
-3%
33 669
+1%
33 562
0%
28 534
-15%
26 481
-7%
23 290
-12%
23 404
+0%
30 109
+29%
35 052
+16%
42 078
+20%
47 389
+13%
53 818
+14%
57 378
+7%
57 342
0%
55 988
-2%
51 231
-8%
48 966
-4%
48 712
-1%
48 366
-1%
49 697
+3%
50 369
+1%
50 073
-1%
50 089
+0%
47 798
-5%
46 633
-2%
Gross Profit
Cost of Revenue
(6 726)
(6 746)
(7 140)
(7 288)
(8 210)
(9 928)
(10 638)
(11 340)
(12 367)
(12 874)
(15 271)
(18 045)
(20 644)
(23 462)
(25 450)
(28 207)
(30 715)
(32 675)
(30 383)
(26 206)
(21 856)
(17 372)
(16 290)
(17 523)
(19 532)
(22 486)
(27 697)
(30 639)
(29 096)
(25 058)
(20 171)
(16 220)
(17 294)
(20 138)
(21 960)
(23 527)
(24 610)
(26 101)
(28 716)
(30 928)
(32 434)
(33 909)
(34 631)
(35 088)
(35 548)
(36 574)
(37 157)
(38 576)
(39 787)
(41 016)
(41 925)
(42 238)
(40 956)
(35 338)
(30 963)
(25 464)
(21 180)
(19 440)
(17 702)
(17 371)
(18 415)
(20 648)
(21 745)
(22 637)
(24 168)
(26 098)
(28 337)
(30 821)
(31 056)
(30 689)
(30 410)
(29 487)
(30 755)
(30 980)
(26 174)
(24 364)
(21 507)
(21 446)
(28 197)
(33 184)
(39 569)
(45 088)
(51 190)
(54 231)
(54 491)
(53 039)
(48 285)
(46 374)
(45 956)
(45 552)
(46 883)
(47 445)
(47 328)
(47 181)
(45 017)
(43 850)
Gross Profit
142
N/A
148
+4%
154
+4%
158
+3%
174
+10%
194
+11%
207
+7%
215
+4%
223
+4%
238
+7%
264
+11%
303
+15%
331
+9%
348
+5%
389
+12%
429
+10%
461
+7%
497
+8%
520
+5%
559
+8%
589
+5%
667
+13%
775
+16%
815
+5%
862
+6%
873
+1%
804
-8%
926
+15%
965
+4%
1 111
+15%
1 220
+10%
1 165
-5%
1 226
+5%
1 204
-2%
1 223
+2%
1 213
-1%
1 283
+6%
1 361
+6%
1 482
+9%
1 693
+14%
1 841
+9%
1 889
+3%
2 094
+11%
2 154
+3%
2 249
+4%
2 625
+17%
2 550
-3%
2 480
-3%
2 462
-1%
2 297
-7%
2 288
0%
2 399
+5%
2 508
+5%
2 384
-5%
2 228
-7%
2 151
-3%
1 972
-8%
1 881
-5%
1 906
+1%
1 856
-3%
1 767
-5%
2 090
+18%
2 121
+1%
1 932
-9%
2 055
+6%
1 856
-10%
1 619
-13%
2 054
+27%
2 999
+46%
3 344
+12%
3 796
+14%
3 813
+0%
2 914
-24%
2 582
-11%
2 360
-9%
2 117
-10%
1 783
-16%
1 958
+10%
1 912
-2%
1 868
-2%
2 509
+34%
2 301
-8%
2 628
+14%
3 147
+20%
2 851
-9%
2 949
+3%
2 946
0%
2 592
-12%
2 756
+6%
2 814
+2%
2 814
N/A
2 924
+4%
2 745
-6%
2 908
+6%
2 781
-4%
2 783
+0%
Operating Income
Operating Expenses
(71)
(75)
(71)
(75)
(80)
(85)
(90)
(94)
(96)
(101)
(113)
(126)
(152)
(160)
(159)
(182)
(187)
(199)
(201)
(211)
(234)
(267)
(319)
(339)
(344)
(346)
(349)
(360)
(371)
(387)
(394)
(417)
(447)
(471)
(481)
(486)
(516)
(520)
(536)
(541)
(543)
(563)
(602)
(647)
(656)
(858)
(864)
(745)
(724)
(721)
(730)
(733)
(709)
(709)
(708)
(700)
(710)
(704)
(792)
(728)
(773)
(787)
(707)
(823)
(902)
(913)
(845)
(831)
(836)
(844)
(937)
(962)
(898)
(923)
(939)
(930)
(924)
(933)
(963)
(987)
(1 066)
(1 135)
(1 187)
(1 263)
(1 290)
(1 319)
(1 343)
(1 374)
(1 398)
(1 405)
(1 411)
(1 414)
(1 407)
(1 418)
(1 385)
(1 343)
Selling, General & Administrative
(47)
(48)
(44)
(46)
(46)
(48)
(49)
(49)
(50)
(52)
(60)
(67)
(83)
(82)
(81)
(89)
(103)
(113)
(121)
(127)
(134)
(149)
(170)
(171)
(164)
(158)
(161)
(165)
(160)
(166)
(169)
(183)
(211)
(226)
(228)
(231)
(260)
(268)
(285)
(286)
(294)
(317)
(333)
(358)
(342)
(354)
(356)
(354)
(359)
(342)
(341)
(341)
(325)
(315)
(304)
(285)
(278)
(267)
(261)
(271)
(279)
(286)
(281)
(279)
(276)
(281)
(293)
(299)
(316)
(314)
(309)
(309)
(297)
(290)
(287)
(274)
(271)
(270)
(270)
(276)
(292)
(308)
(314)
(330)
(325)
(329)
(336)
(345)
(350)
(360)
(368)
(374)
(381)
(385)
(374)
(359)
Depreciation & Amortization
(24)
(27)
(27)
(30)
(34)
(38)
(42)
(45)
(46)
(49)
(54)
(59)
(69)
(73)
(76)
(79)
(84)
(86)
(88)
(92)
(100)
(118)
(149)
(168)
(180)
(188)
(188)
(195)
(211)
(221)
(225)
(234)
(236)
(245)
(253)
(255)
(256)
(252)
(251)
(255)
(249)
(246)
(269)
(289)
(314)
(336)
(340)
(348)
(365)
(379)
(389)
(392)
(384)
(394)
(404)
(415)
(432)
(437)
(531)
(457)
(494)
(501)
(426)
(544)
(626)
(632)
(552)
(532)
(520)
(530)
(628)
(653)
(601)
(633)
(652)
(656)
(653)
(663)
(693)
(711)
(774)
(827)
(873)
(933)
(965)
(990)
(1 007)
(1 029)
(1 048)
(1 045)
(1 043)
(1 040)
(1 026)
(1 033)
(1 011)
(984)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
(5)
0
(14)
0
0
8
8
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
(168)
(168)
(43)
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
71
N/A
73
+3%
81
+11%
82
+1%
95
+16%
108
+14%
117
+8%
121
+3%
127
+5%
137
+8%
150
+9%
176
+17%
180
+2%
186
+3%
229
+23%
247
+8%
274
+11%
300
+9%
321
+7%
349
+9%
355
+2%
401
+13%
457
+14%
478
+5%
518
+8%
528
+2%
456
-14%
566
+24%
594
+5%
724
+22%
826
+14%
748
-9%
779
+4%
733
-6%
742
+1%
727
-2%
767
+6%
841
+10%
946
+12%
1 152
+22%
1 298
+13%
1 326
+2%
1 492
+13%
1 507
+1%
1 593
+6%
1 767
+11%
1 686
-5%
1 735
+3%
1 738
+0%
1 576
-9%
1 558
-1%
1 666
+7%
1 799
+8%
1 675
-7%
1 520
-9%
1 451
-5%
1 262
-13%
1 177
-7%
1 114
-5%
1 128
+1%
994
-12%
1 303
+31%
1 414
+9%
1 109
-22%
1 153
+4%
943
-18%
774
-18%
1 223
+58%
2 163
+77%
2 500
+16%
2 859
+14%
2 851
0%
2 016
-29%
1 659
-18%
1 421
-14%
1 187
-16%
859
-28%
1 025
+19%
949
-7%
881
-7%
1 443
+64%
1 166
-19%
1 441
+24%
1 884
+31%
1 561
-17%
1 630
+4%
1 603
-2%
1 218
-24%
1 358
+11%
1 409
+4%
1 403
0%
1 510
+8%
1 338
-11%
1 490
+11%
1 396
-6%
1 440
+3%
Pre-Tax Income
Interest Income Expense
(29)
(29)
(27)
(26)
(29)
(31)
(34)
(36)
(35)
(37)
(38)
(42)
(46)
(52)
(56)
(59)
(57)
(58)
(60)
(62)
(78)
(100)
(120)
(137)
(147)
(149)
(158)
(171)
(182)
(190)
(196)
(202)
(209)
(218)
(227)
(237)
(245)
(253)
(251)
(245)
(240)
(233)
(241)
(248)
(250)
(258)
(255)
(243)
(249)
(241)
(237)
(241)
(240)
(248)
(242)
(249)
(249)
(252)
(273)
(276)
(272)
(283)
(268)
(255)
(220)
(175)
(131)
(77)
(56)
230
225
223
234
(79)
(63)
(71)
(68)
(25)
(89)
(131)
(148)
(141)
(84)
(59)
119
(44)
(25)
23
84
82
92
79
97
134
100
76
Non-Reccuring Items
1
1
1
1
0
0
0
(7)
(29)
(32)
(32)
(24)
0
0
(12)
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
(125)
(168)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
210
314
310
314
111
(28)
(3 180)
(3 252)
(3 348)
(3 416)
(261)
(562)
(694)
(590)
(546)
(174)
47
(269)
188
182
175
152
(2)
0
6
(160)
(148)
(189)
(96)
Total Other Income
0
0
0
0
0
0
0
0
(4)
(4)
(1)
(1)
0
2
(1)
0
1
0
0
1
2
7
7
9
10
8
18
29
33
33
25
23
16
9
8
(11)
(9)
(28)
(26)
(24)
(19)
5
2
11
6
4
3
2
1
(1)
4
(2)
(2)
(3)
(6)
(7)
(7)
2
26
47
33
24
0
(18)
(31)
(26)
(16)
(18)
(7)
18
1
9
24
28
29
15
26
(68)
15
29
16
41
(139)
(192)
6
(75)
33
91
29
(29)
(35)
(43)
5
4
12
1
Pre-Tax Income
44
N/A
45
+2%
55
+22%
56
+2%
65
+16%
75
+15%
81
+8%
77
-5%
59
-23%
66
+12%
79
+20%
109
+38%
133
+22%
136
+2%
162
+19%
189
+17%
218
+15%
242
+11%
260
+7%
287
+10%
279
-3%
307
+10%
344
+12%
349
+1%
381
+9%
386
+1%
315
-18%
424
+35%
445
+5%
567
+27%
655
+16%
569
-13%
586
+3%
524
-11%
523
0%
479
-8%
513
+7%
560
+9%
669
+19%
883
+32%
1 039
+18%
1 098
+6%
1 253
+14%
1 145
-9%
1 181
+3%
1 513
+28%
1 434
-5%
1 494
+4%
1 490
0%
1 334
-10%
1 325
-1%
1 423
+7%
1 557
+9%
1 424
-9%
1 272
-11%
1 195
-6%
1 006
-16%
927
-8%
867
-6%
899
+4%
755
-16%
1 044
+38%
1 146
+10%
836
-27%
902
+8%
742
-18%
627
-15%
1 338
+113%
2 414
+80%
3 058
+27%
3 399
+11%
3 194
-6%
2 246
-30%
(1 572)
N/A
(1 865)
-19%
(2 217)
-19%
(2 599)
-17%
671
N/A
313
-53%
85
-73%
721
+748%
520
-28%
1 044
+101%
1 680
+61%
1 417
-16%
1 699
+20%
1 793
+6%
1 507
-16%
1 623
+8%
1 460
-10%
1 460
N/A
1 552
+6%
1 280
-18%
1 480
+16%
1 319
-11%
1 421
+8%
Net Income
Tax Provision
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(12)
(15)
(16)
(14)
(7)
(8)
(8)
(11)
(4)
(2)
(6)
(5)
(7)
(1)
1
(12)
(21)
(31)
(45)
(52)
(53)
(60)
(54)
(87)
(94)
(90)
(99)
(94)
(99)
(110)
(171)
(139)
(150)
(147)
(100)
(103)
(65)
(49)
(25)
(72)
(87)
(41)
779
783
809
774
(198)
(161)
(154)
(205)
(66)
(63)
(74)
(30)
19
17
15
42
(73)
(70)
(127)
(266)
(189)
(221)
(217)
(94)
(121)
(82)
(101)
(160)
(167)
(202)
(144)
(105)
Income from Continuing Operations
44
45
55
56
65
75
81
77
59
66
79
109
133
136
162
189
218
242
260
287
279
307
332
335
365
373
309
416
437
556
651
567
580
519
516
478
514
548
648
852
994
1 046
1 200
1 085
1 127
1 426
1 340
1 404
1 391
1 240
1 226
1 313
1 386
1 285
1 122
1 048
906
824
802
850
730
972
1 059
795
1 681
1 525
1 436
2 112
2 216
2 897
3 245
2 989
2 180
(1 635)
(1 939)
(2 247)
(2 580)
688
328
127
648
450
917
1 414
1 228
1 478
1 576
1 413
1 502
1 378
1 359
1 392
1 113
1 278
1 175
1 316
Income to Minority Interest
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
0
0
0
(1)
0
0
(3)
(9)
(9)
(18)
(22)
(28)
(33)
(32)
(33)
(33)
(34)
(34)
(32)
(30)
(23)
(15)
(8)
(2)
0
0
(2)
(3)
(3)
(4)
(4)
(4)
(3)
(3)
(3)
(2)
0
0
0
0
0
(2)
(7)
(9)
(11)
(11)
(9)
(10)
(9)
(11)
(12)
(55)
(92)
(136)
(190)
(191)
(206)
(214)
(232)
(272)
(304)
(328)
(344)
(341)
(329)
(336)
(332)
Net Income (Common)
42
N/A
43
+2%
52
+21%
52
N/A
61
+17%
70
+15%
76
+9%
71
-7%
53
-25%
57
+8%
68
+19%
97
+43%
119
+23%
123
+3%
148
+20%
173
+17%
199
+15%
218
+10%
223
+2%
261
+17%
247
-5%
267
+8%
290
+9%
265
-9%
278
+5%
258
-7%
183
-29%
306
+67%
320
+5%
455
+42%
546
+20%
431
-21%
434
+1%
368
-15%
355
-4%
308
-13%
330
+7%
350
+6%
431
+23%
614
+42%
730
+19%
763
+5%
894
+17%
761
-15%
784
+3%
1 052
+34%
948
-10%
992
+5%
960
-3%
796
-17%
764
-4%
829
+9%
878
+6%
751
-14%
563
-25%
464
-18%
305
-34%
197
-35%
139
-29%
203
+46%
200
-1%
577
+189%
806
+40%
636
-21%
685
+8%
515
-25%
417
-19%
1 083
+160%
2 009
+86%
2 688
+34%
3 033
+13%
2 774
-9%
1 967
-29%
(1 846)
N/A
(2 149)
-16%
(2 455)
-14%
(2 790)
-14%
478
N/A
117
-76%
(85)
N/A
393
N/A
159
-60%
581
+265%
1 023
+76%
831
-19%
1 057
+27%
1 131
+7%
938
-17%
976
+4%
818
-16%
771
-6%
788
+2%
514
-35%
654
+27%
624
-5%
854
+37%
EPS (Diluted)
0.56
N/A
0.49
-13%
0.59
+20%
0.56
-5%
0.67
+20%
0.7
+4%
0.71
+1%
0.66
-7%
0.5
-24%
0.48
-4%
0.55
+15%
0.73
+33%
0.93
+27%
0.9
-3%
1.08
+20%
1.25
+16%
1.42
+14%
1.44
+1%
1.43
-1%
2.61
+83%
1.5
-43%
1.2
-20%
1.3
+8%
1.01
-22%
1.23
+22%
1.09
-11%
0.75
-31%
1.23
+64%
1.32
+7%
1.83
+39%
2.1
+15%
1.64
-22%
1.66
+1%
1.34
-19%
1.3
-3%
1.12
-14%
1.2
+7%
1.21
+1%
1.44
+19%
2.04
+42%
2.43
+19%
2.41
-1%
2.74
+14%
2.29
-16%
2.39
+4%
3.1
+30%
2.69
-13%
2.88
+7%
2.8
-3%
2.19
-22%
2.01
-8%
2.19
+9%
2.38
+9%
1.95
-18%
1.41
-28%
1.16
-18%
0.77
-34%
0.5
-35%
0.36
-28%
0.51
+42%
0.43
-16%
0.76
+77%
1.1
+45%
0.87
-21%
0.95
+9%
0.7
-26%
0.57
-19%
1.35
+137%
2.51
+86%
3.36
+34%
3.79
+13%
3.46
-9%
2.45
-29%
-2.54
N/A
-2.95
-16%
-3.37
-14%
-3.83
-14%
0.66
N/A
0.16
-76%
-0.13
N/A
0.55
N/A
0.23
-58%
0.83
+261%
1.46
+76%
1.19
-18%
1.51
+27%
1.62
+7%
1.34
-17%
1.4
+4%
1.17
-16%
1.1
-6%
1.12
+2%
0.73
-35%
0.93
+27%
0.88
-5%
1.21
+38%

See Also

Summary
PAA intrinsic value, competitors valuation, and company profile.
DCF Valuation
PAA stock valuation using Discount Cash Flow valuation method.
Relative Valuation
PAA stock valuation using valuation multiples.
Wall Street Estimates
PAA price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
PAA stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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