Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P.

PAAยทNASDAQ

$22.91

-0.22%
EnergyOil & Gas Midstream

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 in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminalling, storage, and other facilities-related services, as well as merchant activities. As of December 31, 2021, this segment owned and leased 18,300 miles of active crude oil transportation pipelines and gathering systems, as well as an additional 110 miles of pipelines that supports crude oil storage and terminalling facilities; 74 million barrels of commercial crude oil storage capacity; 38 million barrels of active, above-ground tank capacity; four marine facilities; a condensate processing facility; seven crude oil rail terminals and 2,100 crude oil railcars; and 640 trucks and 1,275 trailers. The Natural Gas Liquids segment engages in the natural gas processing, NGL fractionation, storage, transportation, and terminalling activities. As of December 31, 2021, this segment owned and operated four natural gas processing plants; nine fractionation plants; 28 million barrels of NGL storage capacity; approximately 1,620 miles of active NGL transportation pipelines, as well as an additional 55 miles of pipeline that supports NGL storage facilities; 16 NGL rail terminals and approximately 3,900 NGL rail cars; and approximately 220 trailers. 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.

At a Glance

Live Snapshot
Market Cap$16.16B
EPS1.6600
P/E Ratio13.80
Earnings Date08/14/2026
3Y+8.0%
5Y+23.0%
10Y+25.0%
3Y+17.0%
5Y+16.0%
10Y+11.0%
3Y-2.0%
5Y+34.0%
10Y+48.0%
paa

Plains All American Pipeline, L.P. Funding & Solvency Profile

PAA ยท NASDAQ
Cash & Cash Equivalents4.73B
Net Receivables3.93B
Inventory0.00
Other Current Assets-3.93B
Total Current Assets5 B
Property, Plant & Equipment17.06B
Goodwill & Intangible Assets1.75B
Long-Term Investments2.85B
Other Non-Current Assets3.78B
Total Non-Current Assets24 B
Total Assets
30.17B

Financial Health Analysis

Current Ratio

0.96x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

1.31x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

-198000000

Negative working capital indicates short-term liabilities exceed short-term assetsโ€”potential liquidity stress.

Asset Composition

16% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Negative working capital but strong cash position suggests an efficient operating model (common in retail/subscription businesses) rather than financial distress.

Plains All American Pipeline, L.P. Balance Sheet

PAA โ€ข NASDAQ

Plains All American Pipeline, L.P. Balance SheetDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
ASSETS
CURRENT ASSETS
4.7B
348M
450M
401M
449M
22M
45M
66M
37M
47M
27M
403M
41M
24M
26M
36M
25M
11M
24M
11.3M
4.7B
348M
450M
401M
449M
22M
45M
66M
37M
47M
27M
403M
41M
24M
26M
36M
25M
11M
24M
11.3M
3.9B
3.9B
3.8B
3.9B
4.7B
2.6B
3.6B
2.5B
3B
2.3B
1.8B
2.6B
3.6B
3.6B
3.2B
2.7B
2.3B
1.5B
2.6B
1.7B
3.9B
3.9B
3.8B
3.9B
4.7B
2.6B
3.6B
2.5B
3B
2.3B
1.8B
2.6B
3.6B
3.6B
3.2B
2.7B
2.3B
1.5B
2.6B
1.7B
0.0
439M
548M
729M
783M
647M
604M
640M
713M
1.3B
916M
891M
1.1B
1.2B
978M
1.5B
1.2B
801M
972M
1.3B
-3.9B
114M
155M
318M
200M
443M
349M
373M
221M
603M
241M
270M
220M
351M
157M
108M
223M
259M
116M
130.9M
4.7B
4.8B
4.9B
5.4B
6.1B
3.7B
4.6B
3.5B
4B
4.3B
3B
4.2B
5B
5.1B
4.4B
4.7B
3.7B
2.6B
3.7B
3.2B
NON-CURRENT ASSETS
17.1B
15.8B
16.1B
15.6B
15.3B
15B
15.8B
14.8B
14.1B
13.9B
13.5B
12.3B
10.8B
9.6B
7.7B
6.7B
6.3B
5.1B
4.4B
3.8B
0.0
0.0
0.0
0.0
0.0
0.0
2.5B
2.5B
2.6B
2.3B
2.4B
2.5B
2.5B
2.5B
1.9B
1.4B
1.3B
1.2B
1.1B
1B
1.8B
1.7B
1.9B
2.1B
2B
805M
707M
772M
844M
242M
283M
345M
420M
473M
0.0
0.0
0.0
0.0
0.0
0.0
1.8B
1.7B
1.9B
2.1B
2B
805M
3.2B
3.3B
3.4B
2.6B
2.7B
2.8B
2.9B
3B
1.9B
1.4B
1.3B
1.2B
1.1B
1B
2.8B
2.8B
2.8B
3.1B
3.8B
3.8B
3.7B
2.7B
2.8B
2.3B
2B
1.7B
485M
343M
191M
200M
572M
396M
0.0
0.0
3.8B
1.5B
1.7B
1.7B
1.4B
1.3B
1.3B
1.2B
1.1B
1.1B
1.1B
1.2B
1.2B
1.1B
815M
1.1B
501M
771M
742M
689.1M
25.4B
21.8B
22.4B
22.5B
22.5B
20.8B
24.1B
22B
21.4B
19.9B
19.3B
18.1B
15.4B
14.1B
11B
9.3B
8.7B
7.4B
6.2B
5.6B
30.2B
26.6B
27.4B
27.9B
28.6B
24.5B
28.7B
25.5B
25.4B
24.2B
22.3B
22.3B
20.4B
19.2B
15.4B
14B
12.4B
10B
9.9B
8.7B
LIABILITIES
CURRENT LIABILITIES
4.4B
3.9B
3.8B
4B
4.8B
2.4B
3.7B
2.7B
3.5B
2.6B
2B
3B
4B
3.8B
3.6B
2.7B
2.3B
1.5B
2.6B
1.8B
4.4B
3.9B
3.8B
4B
4.8B
2.4B
3.7B
2.7B
3.3B
2.6B
2B
3B
4B
3.8B
3.6B
2.7B
2.3B
1.5B
2.6B
1.8B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
268M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
202M
408M
446M
1.2B
822M
831M
486M
66M
737M
1.7B
999M
1.3B
1.1B
1.1B
679M
1.3B
1.1B
1B
960M
1B
0.0
0.0
0.0
71M
77M
78M
112M
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
362M
661M
713M
617M
523M
907M
733M
686M
471M
361M
370M
482M
315M
275M
233M
151M
413M
426M
192M
176.9M
4.9B
5B
5B
5.9B
6.2B
4.3B
5B
3.5B
4.5B
4.7B
3.4B
4.8B
5.4B
5.2B
4.5B
4.5B
3.8B
3B
3.7B
3B
NON-CURRENT LIABILITIES
10.9B
7.2B
7.3B
7.3B
8.4B
9.3B
9.1B
9.1B
9.2B
10.1B
10.4B
8.8B
6.7B
6.3B
4.5B
4.6B
4.1B
3.3B
2.6B
2.6B
1.1B
990M
1B
1.1B
830M
807M
891M
910M
679M
606M
567M
548M
531M
586M
376M
284M
275M
261M
129M
87.1M
12.2B
8.5B
8.6B
8.7B
9.6B
10.5B
10.5B
10.1B
9.9B
10.7B
10.9B
9.3B
7.2B
6.9B
4.9B
4.9B
4.4B
3.5B
2.8B
2.7B
202M
313M
274M
379M
416M
465M
387M
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
17.1B
13.5B
13.6B
14.6B
15.8B
14.8B
15.5B
13.5B
14.4B
15.4B
14.3B
14.1B
12.7B
12.1B
9.4B
9.1B
8.2B
6.5B
6.5B
5.7B
SHAREHOLDERS' EQUITY
0.0
2.3B
2.3B
2.3B
2.3B
2.3B
2.3B
2.3B
2.3B
1.5B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
9.8B
7.5B
8.1B
7.8B
7.7B
7.3B
10.8B
9.7B
8.7B
7.3B
7.6B
7.8B
7.3B
6.4B
0.0
0.0
0.0
3.5B
3.3B
2.9B
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
83M
81M
70.7M
9.8B
9.8B
10.4B
10.1B
10B
9.6B
13.1B
12B
11B
8.8B
7.6B
7.8B
7.3B
6.4B
5.2B
4.2B
4B
3.6B
3.4B
3B
13.1B
13.1B
13.7B
13.3B
12.8B
9.7B
13.2B
12B
11B
8.8B
7.9B
8.2B
7.7B
7.1B
6B
4.6B
4.2B
3.6B
3.4B
3B
3.2B
3.3B
3.3B
3.3B
2.8B
145M
133M
0.0
0.0
57M
359M
398M
354M
758M
725M
339M
157M
0.0
0.0
0.0
SUMMARY
30.2B
26.6B
27.4B
27.9B
28.6B
24.5B
28.7B
25.5B
25.4B
24.2B
22.3B
22.3B
20.4B
19.2B
15.4B
13.7B
12.4B
10B
9.9B
8.7B
2.8B
2.8B
2.8B
3.1B
3.8B
3.8B
3.7B
2.7B
2.8B
2.3B
2B
1.7B
485M
343M
191M
200M
572M
396M
0.0
0.0
11.3B
7.9B
8B
8.8B
9.6B
10.6B
10.2B
9.2B
9.9B
11.8B
11.4B
10B
7.8B
7.4B
5.2B
6B
5.2B
4.3B
3.6B
3.6B
6.6B
7.6B
7.6B
8.4B
9.2B
10.6B
10.1B
9.1B
9.9B
11.8B
11.3B
9.6B
7.8B
7.4B
5.2B
5.9B
5.2B
4.3B
3.6B
3.6B
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SEC Filings

PAA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 02, 2026
June 01, 2026
2026
8-K

8-K 2026

N/A

May 22, 2026
May 20, 2026
2026
8-K

8-K 2026

N/A

May 13, 2026
May 11, 2026
2026
8-K

8-K 2026

N/A

May 12, 2026
May 12, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 08, 2026
May 08, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 10, 2026
May 20, 2026
2026
8-K

8-K 2026

N/A

March 03, 2026
February 26, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 06, 2026
February 06, 2026
2026
Showing 1 to 10 of 709 filings