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Plains All American Pipeline LP (PAA)

Also trades as PAAPU. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

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SEC name PLAINS ALL AMERICAN PIPELINE LP · CIK 0001070423 · Nasdaq · Pipe Lines (No Natural Gas)

  • Sector Transportation & Utilities
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Plains All American Pipeline LP reported revenue of $44.26B. Revenue fell 9.5% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $52.30B.

Key ratios (year ended 2025-12-31)

8.7%
Gross margin (computed)
3.2%
Operating margin
3.2%
Net margin
-9.5%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 4 (ownership change) · 2026-10-02

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$52.30B$44.26B$48.89B$47.34B$57.34B$42.08B$23.29B$33.67B$34.05B$26.22B$20.18B
Cost of Revenue$48.20B$40.43B$45.16B$43.94B$53.18B$38.50B$20.43B$29.45B$29.79B$22.98B$17.23B
Gross Profit (computed)$4.10B$3.83B$3.73B$3.40B$4.17B$3.57B$2.86B$4.22B$4.26B$3.24B$2.95B
Operating Income$1.64B$1.43B$868.00M$1.26B$1.29B$851.00M-$2.38B$1.99B$2.28B$1.15B$994.00M
Depreciation & Amortization$973.00M$953.00M$901.00M$909.00M$965.00M$774.00M$653.00M$601.00M$520.00M$517.00M$514.00M
EBITDA$2.61B$2.39B$1.77B$2.17B$2.26B$1.62B-$1.72B$2.59B$2.80B$1.67B$1.51B
Net Income$2.77B$1.44B$772.00M$1.23B$1.04B$593.00M-$2.59B$2.17B$2.22B$856.00M$726.00M
Total Assets$29.22B$30.17B$26.56B$27.36B$27.89B$28.61B$24.50B$28.68B$25.51B$25.35B$24.21B
Cash & Equivalents$1.06B$328.00M$348.00M$450.00M$401.00M$449.00M$22.00M$45.00M$66.00M$37.00M$47.00M
Operating Cash Flow$2.98B$2.94B$2.49B$2.73B$2.41B$2.00B$1.51B$2.50B$2.61B$2.50B$733.00M
Capital Expenditures$601.00M$643.00M$448.00M$408.00M$455.00M$336.00M$738.00M$1.18B$1.63B$1.02B$1.33B
Free Cash Flow$2.38B$2.29B$2.04B$2.32B$1.95B$1.66B$776.00M$1.32B$974.00M$1.48B-$601.00M
Share Repurchases$0$8.00M$0$0$74.00M$178.00M$50.00M$0$0n/an/a

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