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Energy - Oil & Gas Midstream - NASDAQ - US
$ 18.44
0.163 %
$ 13 B
Market Cap
19.83
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one PAA stock under the worst case scenario is HIDDEN Compared to the current market price of 18.4 USD, Plains All American Pipeline, L.P. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one PAA stock under the base case scenario is HIDDEN Compared to the current market price of 18.4 USD, Plains All American Pipeline, L.P. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one PAA stock under the best case scenario is HIDDEN Compared to the current market price of 18.4 USD, Plains All American Pipeline, L.P. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart PAA

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$20.5$20.5$20.0$20.0$19.5$19.5$19.0$19.0$18.5$18.5$18.0$18.0$17.5$17.5$17.0$17.0$16.5$16.5$16.0$16.0$15.5$15.5Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
50.1 B REVENUE
2.79%
1.18 B OPERATING INCOME
-21.99%
1.11 B NET INCOME
-25.90%
2.49 B OPERATING CASH FLOW
-8.69%
-1.5 B INVESTING CASH FLOW
-114.25%
-1.08 B FINANCING CASH FLOW
45.50%
12 B REVENUE
-3.15%
533 M OPERATING INCOME
505.68%
516 M NET INCOME
330.00%
639 M OPERATING CASH FLOW
-12.10%
-1.15 B INVESTING CASH FLOW
-335.23%
590 M FINANCING CASH FLOW
178.98%
Balance Sheet Plains All American Pipeline, L.P.
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Current Assets 4.8 B
Cash & Short-Term Investments 348 M
Receivables 3.9 B
Other Current Assets 553 M
Non-Current Assets 21.8 B
Long-Term Investments 2.81 B
PP&E 15.8 B
Other Non-Current Assets 3.19 B
14.69 %10.58 %59.32 %12.02 %Total Assets$26.6b
Current Liabilities 4.95 B
Accounts Payable 3.88 B
Short-Term Debt 408 M
Other Current Liabilities 661 M
Non-Current Liabilities 8.52 B
Long-Term Debt 7.53 B
Other Non-Current Liabilities 990 M
28.82 %3.03 %4.91 %55.89 %7.35 %Total Liabilities$13.5b
EFFICIENCY
Earnings Waterfall Plains All American Pipeline, L.P.
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Revenue 50.1 B
Cost Of Revenue 48.4 B
Gross Profit 1.72 B
Operating Expenses 541 M
Operating Income 1.18 B
Other Expenses 65 M
Net Income 1.11 B
60b60b50b50b40b40b30b30b20b20b10b10b0050b(48b)2b(541m)1b(65m)1bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
3.43% GROSS MARGIN
3.43%
2.35% OPERATING MARGIN
2.35%
1.54% NET MARGIN
1.54%
4.28% ROE
4.28%
2.91% ROA
2.91%
4.65% ROIC
4.65%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Plains All American Pipeline, L.P.
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3b3b2b2b2b2b1b1b500m500m00(500m)(500m)(1b)(1b)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 1.11 B
Depreciation & Amortization 1.03 B
Capital Expenditures -619 M
Stock-Based Compensation 50 M
Change in Working Capital 74 M
Others 255 M
Free Cash Flow 1.87 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Plains All American Pipeline, L.P.
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Wall Street analysts predict an average 1-year price target for PAA of $20.8 , with forecasts ranging from a low of $18 to a high of $23 .
PAA Lowest Price Target Wall Street Target
18 USD -2.39%
PAA Average Price Target Wall Street Target
20.8 USD 12.98%
PAA Highest Price Target Wall Street Target
23 USD 24.73%
Price
Max Price Target
Min Price Target
Average Price Target
232322222121202019191818171716161515Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
2.35% DIVIDEND YIELD
0.38 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
3.00003.00002.50002.50002.00002.00001.50001.50001.00001.00000.50000.50000.00000.00000.6750.70.550.30.30.360.180.180.26750.31750.380.6850.70.550.30.360.180.180.21750.26750.31750.380.6950.70.550.30.360.180.180.21750.26750.31750.72.760.552.650.31.950.31.200.361.380.180.900.180.720.21750.830.26751.070.31751.270.762015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
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6. Ownership
Insider Ownership Plains All American Pipeline, L.P.
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Sold
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3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Dividend Bargains Too Good For Retirees To Ignore Retirement income investments usually demand higher valuations for safety, cash flow, and inflation protection, similar to paying more for comprehensive insurance. Many retirees face a gap between income goals and available capital, making high-priced defensive assets less practical. To bridge this gap, seeking higher yields is tempting but risky; caution, diversification, and patience are essential when yields exceed 7%-8%. seekingalpha.com - 2 weeks ago
3 Big Dividend Income Machines Printing Cash For Retirement Living on dividend income is a great way to retire. However, maintaining a proper balance between yield and growth, as well as sufficient sector diversification, is essential. I share three big dividend income machines that can help create a complete dividend income portfolio. seekingalpha.com - 2 weeks ago
A $3.8 Billion Deal Is Making These Ultra-High-Yielding Dividend Stocks Even Safer Dividend sustainability has been an issue for master limited partnership (MLP) Plains All American Pipeline (PAA 3.78%) and its general partner (GP) Plains GP Holdings (PAGP 4.22%) over the years. The MLP has cut its distribution several times over the years due to earnings volatility and balance sheet issues, causing its GP to cut its dividend. fool.com - 2 weeks ago
Why Plains All American Pipeline Stock Was a Winner on Wednesday Plains All American Pipeline (PAA 3.78%) stock was the pipeline to increased gains for investors on Wednesday. They traded the shares up by nearly 4% on news of an important divestment, and that rate easily beat the essentially flat-lining S&P 500 index. fool.com - 2 weeks ago
Plains All American to Sell Canadian NGL Business to Keyera for $3.75B PAA to sell Canadian NGL unit for $3.75 billion, sharpening its crude oil focus and unlocking nearly $3 billion in net proceeds. zacks.com - 2 weeks ago
Plains All American Executes Definitive Agreements for $3.75 Billion Sale of NGL Business to Keyera HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) announced today that it has executed definitive agreements with Keyera Corp. (TSX: KEY) (“Keyera”) pursuant to which Plains will sell substantially all of its NGL business to Keyera for a total cash consideration of approximately $5.15 Billion CAD ($3.75 Billion USD). globenewswire.com - 2 weeks ago
When Market Pain Means Income Investor Gain The current environment is uniquely challenging, with uncertainty persisting and no clear catalyst for a recovery. Growth is richly priced, and, in my view, an unattractive space. This makes value and income investor areas relatively more interesting. seekingalpha.com - 2 weeks ago
Oil Price Hike: 2 Big Dividend Stocks Set To Spike Israel has attacked Iran to prevent it from getting a nuclear weapon. This has caused markets to experience considerable turmoil. I share 2 big dividend stocks set to soar in response. seekingalpha.com - 3 weeks ago
9% Dividends: 2 Retirement Income Powerhouses When investing for retirement, there should be no compromises on the safety aspect. A large and unexpected income reduction in the retirement phase could lead to really bad consequences (e.g., reduction of living standards, being forced to locate alternative income sources). In this respect, 9% yields seem like a no-go scenario. seekingalpha.com - 3 weeks ago
Major Market Disconnect: 2 High-Flying Funds That Remain Dirt Cheap It is rare to buy an investment that is both deeply discounted and enjoying strong momentum. However, we share two such opportunities right now. We share why we think they are still undervalued and have significantly further to run. seekingalpha.com - 3 weeks ago
Golden Buying Opportunity For Big Dividend Investors: 8-9% Yields Set To Soar High-yield stocks with strong balance sheets and growth profiles are rare. I share two of these opportunities here. Both of these opportunities issue 1099 tax forms. seekingalpha.com - 3 weeks ago
Plains All American: Very Attractive Yield Following Sell-Off Plains All American Pipeline offers a compelling value proposition with stable cash flows and an attractive yield. The company benefits from a strong asset base and strategic positioning in key North American energy corridors. Recent financial performance demonstrates resilience and supports continued distribution growth for income-focused investors. seekingalpha.com - 4 weeks ago
8. Profile Summary

Plains All American Pipeline, L.P. PAA

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COUNTRY US
INDUSTRY Oil & Gas Midstream
MARKET CAP $ 13 B
Dividend Yield 2.35%
Description 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.
Contact 333 Clay Street, Houston, TX, 77002 https://www.plainsallamerican.com
IPO Date Nov. 18, 1998
Employees 4200
Officers Brent Nadeau Vice President of Human Resources of Plains All American GP LLC Mr. Chris Herbold Senior Vice President of Finance & Chief Accounting Officer of Plains All American GP LLC Mr. Wilfred C.W. Chiang Chief Executive Officer & Chairman of Plains All American GP LLC Mr. Al P. Swanson Executive Vice President & Chief Financial Officer of Plains All American GP LLC Mr. Jeremy L. Goebel Executive Vice President & Chief Commercial Officer of Plains All American GP LLC Mr. Harry N. Pefanis President & Director of Plains All American GP LLC Mr. Richard Kelly McGee Executive Vice President, General Counsel & Secretary of Plains All American GP LLC Mr. Gregory L. Armstrong Senior Advisor to the Chief Executive Officer & Director of Plains All American GP LLC Mr. Blake Michael Fernandez Vice President of Investor Relations Mr. Christopher R. Chandler Executive Vice President & Chief Operating Officer of Plains All American GP LLC