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Plains All American Pipeline, L.P. logo

Plains All American Pipeline, L.P.

PAA

Plains All American Pipeline, L.P. is a oil & gas midstream company in the energy sector trading on NASDAQ, led by CEO Willie Chiang, with a market cap of $16.1B.

Market cap
$16.15B+22.4%
Revenue$45.3B-7.1%
Net income$1.1B+20.7%
Free cash flow$2.1B-8.6%
Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 8, 2026
Revenue$12.5BBeat by $448.3MEPS$0.39Miss by $0.02

Next report

Aug 7, 2026 (In 3 weeks)
Revenue estimate$12.7B
EPS estimate$0.41

Financials

Q1 2026

Income statement

See full
Revenue$12.5B+8.7%
Gross profit$977.0M+1.8%
Operating income$405.0M+13.8%
Net income$152.0M-65.7%

Balance sheet

See full
Cash & equivalents$171.0M-60.0%
Total debt$12.0B+26.8%
Total equity$12.8B-0.3%
Total assets$31.6B+16.9%

Cash flow

See full
Operating cash flow$418.0M-34.6%
CapEx$130.0M-7.1%
Free cash flow$288.0M-42.3%

Valuation & ratios

Valuation

See full
Market cap$16.15B+22.4%
Enterprise value$27.98B+27.4%
P/E14.1×-0.3×
P/S0.4×+0.1×

Profitability

See full
Gross margin8.5%+0.8pp
Operating margin3.3%+1.5pp
Net margin2.5%+0.6pp
FCF margin4.6%-0.1pp

Returns & leverage

See full
Return on equity8.9%+1.8pp
Debt / equity0.9×+0.2×
Current ratio0.9×-0.1×

Segments

By segment

See full
Crude Oil$12.5B+9.7%
NGL$41.0M0.0%

Profile

CountryUnited States of America
Listed1998
Employees4.2K
CEOWillie Chiang
SectorEnergy
IndustryOil & Gas Midstream
Websiteplainsallamerican.com
FilingsSEC EDGAR

Questions, answered.

What is Plains All American Pipeline, L.P.'s market cap?
Plains All American Pipeline, L.P. (PAA) has a market capitalization of $16.1B and trades on NASDAQ.
What is Plains All American Pipeline, L.P.'s revenue and profitability?
Plains All American Pipeline, L.P. generated $45.3B in trailing twelve-month revenue with net income of $1.1B, representing a net margin of 2.5%. Gross margin stands at 8.5%, with free cash flow of $2.1B. These figures are based on the Q1 2026 filing.
Where is Plains All American Pipeline, L.P. headquartered?
Plains All American Pipeline, L.P. is headquartered in United States of America and employs approximately 4,200 people. It has been publicly traded since 1998.