PAA
Plains All American Pipeline LP
NASDAQ: PAA · ENERGY · OIL & GAS MIDSTREAM
$22.64
+1.71% today
Updated 2026-04-29
Market cap
$15.97B
P/E ratio
20.21
P/S ratio
0.36x
EPS (TTM)
$1.12
Dividend yield
7.00%
52W range
$15 – $23
Volume
3.4M
Plains All American Pipeline LP (PAA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.44B | $20.39B | $30.06B | $18.52B | $25.89B | $34.27B | $37.80B | $42.25B | $43.46B | $23.15B | $20.18B | $26.22B | $34.05B | $33.67B | $23.29B | $42.08B | $57.34B | $48.71B | $50.07B | $44.26B |
| Revenue growth (YoY) | — | -9.1% | +47.4% | -38.4% | +39.8% | +32.4% | +10.3% | +11.8% | +2.9% | -46.7% | -12.8% | +29.9% | +29.9% | -1.1% | -30.8% | +80.7% | +36.3% | -15.1% | +2.8% | -11.6% |
| Cost of revenue | $21.86B | $19.53B | $29.10B | $17.29B | $24.61B | $32.43B | $36.03B | $40.16B | $41.35B | $21.61B | $18.91B | $24.79B | $31.58B | $31.36B | $22.16B | $40.34B | $55.46B | $45.96B | $48.35B | $41.59B |
| Gross profit | $589.00M | $862.00M | $965.00M | $1.23B | $1.28B | $1.84B | $1.77B | $2.09B | $2.12B | $1.54B | $1.27B | $1.43B | $2.48B | $2.31B | $1.13B | $1.74B | $1.89B | $2.76B | $1.72B | $2.67B |
| Gross margin | 2.6% | 4.2% | 3.2% | 6.6% | 5.0% | 5.4% | 4.7% | 4.9% | 4.9% | 6.7% | 6.3% | 5.4% | 7.3% | 6.9% | 4.9% | 4.1% | 3.3% | 5.7% | 3.4% | 6.0% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $133.90M | $164.00M | $160.00M | $211.00M | $260.00M | $294.00M | $342.00M | $359.00M | $325.00M | $278.00M | $279.00M | $276.00M | $316.00M | $297.00M | $271.00M | $292.00M | $325.00M | $350.00M | $381.00M | $342.00M |
| Operating income | $354.70M | $518.00M | $594.00M | $779.00M | $767.00M | $1.30B | $1.43B | $1.73B | $1.79B | $1.26B | $994.00M | $1.15B | $2.28B | $1.99B | $-2.38B | $851.00M | $1.29B | $1.51B | $1.18B | $1.43B |
| Operating margin | 1.6% | 2.5% | 2.0% | 4.2% | 3.0% | 3.8% | 3.8% | 4.1% | 4.1% | 5.5% | 4.9% | 4.4% | 6.7% | 5.9% | -10.2% | 2.0% | 2.3% | 3.1% | 2.4% | 3.2% |
| EBITDA | $465.10M | $699.00M | $853.00M | $1.04B | $1.02B | $1.54B | $1.95B | $2.17B | $2.29B | $1.81B | $1.70B | $2.01B | $2.69B | $3.27B | $-1.51B | $1.92B | $2.79B | $3.06B | $2.74B | $2.91B |
| EBITDA margin | 2.1% | 3.4% | 2.8% | 5.6% | 3.9% | 4.5% | 5.2% | 5.1% | 5.3% | 7.8% | 8.4% | 7.7% | 7.9% | 9.7% | -6.5% | 4.6% | 4.9% | 6.3% | 5.5% | 6.6% |
| EBIT | $364.70M | $518.00M | $642.00M | $808.00M | $760.00M | $1.29B | $1.47B | $1.79B | $1.90B | $1.38B | $1.21B | $1.38B | $2.17B | $2.67B | $-2.16B | $1.15B | $1.82B | $2.01B | $1.71B | $1.96B |
| Interest expense | $85.60M | $162.00M | $196.00M | $224.00M | $248.00M | $253.00M | $288.00M | $313.00M | $348.00M | $432.00M | $467.00M | $510.00M | $431.00M | $425.00M | $436.00M | $425.00M | $405.00M | $386.00M | $430.00M | $554.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% |
| Net income | $285.10M | $365.00M | $437.00M | $579.00M | $505.00M | $966.00M | $1.09B | $1.36B | $1.38B | $903.00M | $726.00M | $856.00M | $2.22B | $2.17B | $-2.59B | $593.00M | $1.04B | $1.23B | $772.00M | $1.44B |
| Net income growth (YoY) | — | +28.0% | +19.7% | +32.5% | -12.8% | +91.3% | +13.3% | +24.4% | +1.7% | -34.8% | -19.6% | +17.9% | +158.9% | -2.0% | -219.3% | +122.9% | +74.9% | +18.6% | -37.2% | +85.9% |
| Profit margin | 1.3% | 1.8% | 1.5% | 3.1% | 2.0% | 2.8% | 2.9% | 3.2% | 3.2% | 3.9% | 3.6% | 3.3% | 6.5% | 6.4% | -11.1% | 1.4% | 1.8% | 2.5% | 1.5% | 3.2% |