$22.90
-0.13%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.
Thin margins leave little room for error. Cost management and pricing strategy are critical.
Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.
Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
PAA โข NASDAQ
| Plains All American Pipeline, L.P. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
44.3B | 50.1B | 48.7B | 57.3B | 42.1B | 23.3B | 33.7B | 34.1B | 26.2B | 20.2B | 23.2B | 43.5B | 42.2B | 37.8B | 34.3B | 25.9B | 18.5B | 30.1B | 20.4B | 22.4B | |
GROSS PROFIT | ||||||||||||||||||||
(41.6B) | (48.4B) | (46B) | (55.5B) | (40.3B) | (22.2B) | (31.4B) | (31.6B) | (24.8B) | (18.9B) | (21.6B) | (41.3B) | (40.2B) | (36B) | (32.4B) | (24.6B) | (17.3B) | (29.1B) | (19.5B) | (21.9B) | |
2.7B | 1.7B | 2.8B | 1.9B | 1.7B | 1.1B | 2.3B | 2.5B | 1.4B | 1.3B | 1.5B | 2.1B | 2.1B | 1.8B | 1.8B | 1.3B | 1.2B | 965M | 862M | 589M | |
OPERATING INCOME | ||||||||||||||||||||
(1.2B) | (541M) | (1.2B) | (594M) | (884M) | (3.5B) | (325M) | (316M) | (276M) | (279M) | (278M) | (325M) | (359M) | (342M) | (543M) | (516M) | (447M) | (371M) | (344M) | (234.3M) | |
(342M) | (381M) | (350M) | (325M) | (292M) | (271M) | (297M) | (316M) | (276M) | (279M) | (278M) | (325M) | (359M) | (342M) | (294M) | (260M) | (211M) | (160M) | (164M) | (133.9M) | |
1.4B | 1.2B | 1.5B | 1.3B | 851M | -2.4B | 2B | 2.3B | 1.2B | 994M | 1.3B | 1.8B | 1.7B | 1.4B | 1.3B | 767M | 779M | 594M | 518M | 354.7M | |
PRE-TAX INCOME | ||||||||||||||||||||
(554M) | (430M) | (386M) | (405M) | (425M) | (436M) | (425M) | (431M) | (510M) | (467M) | (432M) | (348M) | (313M) | (288M) | (253M) | (248M) | (224M) | (196M) | (0.0) | (0.0) | |
-554M | -360M | -386M | -405M | -425M | -436M | -425M | -431M | -510M | -467M | -432M | -348M | -313M | -288M | -253M | -248M | -224M | -196M | 0.0 | 0.0 | |
(899M) | (160M) | (896M) | (269M) | (592M) | (3.2B) | (28M) | (0.0) | (0.0) | (0.0) | (0.0) | -2M | (1M) | (0.0) | (249M) | (256M) | (236M) | (211M) | (180M) | (100.4M) | |
-33M | 102M | 113M | 125M | -130M | -224M | 258M | 137M | -251M | -239M | -256M | -242M | -248M | -244M | -259M | -254M | -193M | -149M | -137M | -75.6M | |
1.4B | 1.3B | 1.6B | 1.4B | 721M | -2.6B | 2.2B | 2.4B | 902M | 755M | 1B | 1.6B | 1.5B | 1.2B | 1B | 513M | 586M | 445M | 381M | 279.1M | |
NET INCOME | ||||||||||||||||||||
(15M) | (167M) | (121M) | (189M) | (73M) | -19M | (66M) | (198M) | (44M) | (25M) | (100M) | (171M) | (99M) | (54M) | (45M) | -1M | (6M) | (8M) | (16M) | (300K) | |
1.4B | 772M | 1.2B | 1B | 593M | -2.6B | 2.2B | 2.2B | 856M | 726M | 903M | 1.4B | 1.4B | 1.1B | 966M | 505M | 579M | 437M | 365M | 285.1M |
PAA - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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