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Other financials

Income statement

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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

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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

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

Valuation

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Market cap$17.33B+37.5%
Enterprise value$29.16B+35.7%
P/E15.1×+1.3×
P/S0.4×+0.1×

Profitability

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

Returns & leverage

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

Where this comes from

Calculated from Plains All American Pipeline, L.P.’s reported figures.

$405.0Mebit+
$243.0MDepreciation Depletion & Amortization
=$648M

The source filing: Plains All American Pipeline, L.P.’s 10-Q, filed May 8, 2026. Open the filing →

Filed
May 8, 2026, 4:45 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001070423-26-000019

FAQ

What is Plains All American Pipeline, L.P.'s EBITDA?
Plains All American Pipeline, L.P. (PAA) reported EBITDA of $648M in Q1 2026.
How has Plains All American Pipeline, L.P.'s EBITDA changed year-over-year?
Plains All American Pipeline, L.P.'s EBITDA increased by 10.2% year-over-year, from $588M to $648M.
What is the long-term trend for Plains All American Pipeline, L.P.'s EBITDA?
Over 4 years (2021 to 2025), Plains All American Pipeline, L.P.'s EBITDA has grown at a 10.1% compound annual growth rate (CAGR), from $1.63B to $2.39B.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.

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