Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 47.80B | 50.07B | 48.71B | 57.34B | 42.04B | 23.29B |
Gross Profit | 13.63B | 1.72B | 2.76B | 1.89B | 1.74B | 1.43B |
EBITDA | 2.82B | 2.74B | 3.06B | 2.53B | 2.23B | -1.51B |
Net Income | 916.00M | 772.00M | 1.23B | 1.04B | 593.00M | -2.58B |
Balance Sheet | ||||||
Total Assets | 27.16B | 26.56B | 27.36B | 27.89B | 28.61B | 24.50B |
Cash, Cash Equivalents and Short-Term Investments | 459.00M | 348.00M | 450.00M | 401.00M | 449.00M | 22.00M |
Total Debt | 8.87B | 7.93B | 8.03B | 8.82B | 9.64B | 10.61B |
Total Liabilities | 14.21B | 13.47B | 13.62B | 14.57B | 15.80B | 14.76B |
Stockholders Equity | 9.71B | 9.81B | 10.42B | 10.06B | 9.97B | 9.59B |
Cash Flow | ||||||
Free Cash Flow | 2.13B | 1.87B | 2.17B | 1.95B | 1.66B | 776.00M |
Operating Cash Flow | 2.45B | 2.49B | 2.73B | 2.41B | 2.00B | 1.51B |
Investing Cash Flow | -2.48B | -1.50B | -702.00M | -526.00M | 386.00M | -1.09B |
Financing Cash Flow | -375.00M | -1.08B | -1.98B | -1.93B | -1.98B | -435.00M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
80 Outperform | $8.56B | 15.13 | 52.91% | 7.07% | 9.02% | 17.28% | |
77 Outperform | $14.51B | 11.71 | 38.42% | 9.41% | 7.11% | -16.14% | |
74 Outperform | $12.18B | 10.78 | 16.43% | 6.30% | 17.92% | 18.39% | |
69 Neutral | $10.69B | 28.30 | 8.48% | 2.95% | 15.28% | -9.99% | |
68 Neutral | $12.11B | 19.04 | 8.34% | 8.46% | -4.31% | -17.80% | |
65 Neutral | $15.01B | 7.48 | 3.39% | 5.36% | 4.10% | -61.80% | |
62 Neutral | $13.99B | 26.80 | 8.16% | 7.91% | -4.31% | -16.62% |
On September 8, 2025, Plains All American Pipeline, L.P. and PAA Finance Corp. completed a public offering of $1.25 billion in debt securities, which includes $700 million in 4.700% Senior Notes due 2031 and $550 million in 5.600% Senior Notes due 2036. These senior unsecured notes are designed to rank equally with existing senior debt and are subject to certain covenants and default events, potentially impacting the company’s financial flexibility and stakeholder interests.
On August 30, 2025, Plains All American Pipeline, L.P. announced that a subsidiary has entered into a definitive agreement to acquire a 55% non-operated interest in EPIC Crude Holdings, LP from Diamondback Energy, Inc. and Kinetik Holdings Inc. for approximately $1.57 billion, including $600 million of debt. The acquisition, expected to close in early 2026, aims to enhance Plains’ wellhead to water strategy by providing additional upstream and downstream connectivity, and is anticipated to be immediately accretive to distributable cash flow. This strategic move strengthens Plains’ position as a leading crude oil midstream provider, offering enhanced market access and customer flexibility, while maintaining a strong balance sheet and creating further return of capital opportunities for stakeholders.
On August 14, 2025, Plains All American‘s Board approved an extension of the expiration date for CEO Willie Chiang’s 2018 Promotional Grant to October 2030, aiming to incentivize his continued leadership and strategic initiatives. Additionally, special retention grants were awarded to key executives Jeremy Goebel and Chris Chandler to ensure their commitment to the company’s long-term goals, with vesting schedules extending beyond 2026.
On August 8, 2025, Plains All American Pipeline reported solid financial results for the second quarter of 2025, with a net income of $210 million and adjusted EBITDA of $672 million. The company announced the divestiture of its Canadian NGL business, expected to close in the first quarter of 2026, which will enhance financial flexibility and streamline operations. Additionally, Plains acquired an additional 20% interest in the BridgeTex Pipeline, strengthening its position in the Permian Basin. These strategic moves are aimed at optimizing the company’s asset base and returning cash to unitholders.
On June 17, 2025, Plains All American Pipeline, L.P. announced a definitive agreement to sell its Canadian NGL business to Keyera Corp. for approximately C$5.15 billion. The transaction, expected to close in the first quarter of 2026, will allow Plains to focus on its crude oil operations in North America, enhancing its financial flexibility and free cash flow profile. The sale is anticipated to result in significant tax implications for PAA unitholders, with a special distribution planned to offset potential tax liabilities. The deal positions Plains as a premier pure play crude oil midstream entity, reducing its commodity exposure and working capital requirements.