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Discontinued — last reported Q1 '26

Invested capital at other companies

Oneok logo
OneokOKE
8.6%-0.2pp
Rithm Capital logo
Rithm CapitalRITM
3.2%0.0pp
Citigroup logo
CitigroupC
32.6%+2.0pp
Morgan Stanley logo
Morgan StanleyMS
16.9%+0.4pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
20.5%-0.7pp
American Express logo
American ExpressAXP
49.1%-10.0pp

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.

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 invested capital?
Plains All American Pipeline, L.P. (PAA) reported invested capital of $24.65B in Q1 2026.
How has Plains All American Pipeline, L.P.'s invested capital changed year-over-year?
Plains All American Pipeline, L.P.'s invested capital increased by 12.6% year-over-year, from $21.89B to $24.65B.
What is the long-term trend for Plains All American Pipeline, L.P.'s invested capital?
Over 5 years (2020 to 2025), Plains All American Pipeline, L.P.'s invested capital has grown at a 3.3% compound annual growth rate (CAGR), from $21.2B to $24.88B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

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