What is Plains All American Pipeline, L.P.'s net income?

Plains All American Pipeline, L.P. (PAA) reported net income of $231M in Q1 2026.

How has Plains All American Pipeline, L.P.'s net income changed year-over-year?

Plains All American Pipeline, L.P.'s net income decreased by 55.2% year-over-year, from $516M to $231M.

What is the long-term trend for Plains All American Pipeline, L.P.'s net income?

Over 4 years (2021 to 2025), Plains All American Pipeline, L.P.'s net income has grown at a 28.5% compound annual growth rate (CAGR), from $648M to $1.77B.

What does net income mean?

Net income as the starting point for the indirect method operating cash flow reconciliation.

Plains All American Pipeline, L.P. PAA Net Income

Net Income at other companies

HES

Hess MidstreamHESM

$157.7M-2.3%

Cabot CorporationCBT

$78M-25.7%

Main Street CapitalMAIN

$48.98M-57.8%

Middlesex Water CompanyMSEX

$10.61M+11.9%

Sharplink, Inc. SBET

-$685.56M-70,214%

CNB FinancialCCNE

$27.04M+135%

Other financials

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

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Market cap$17.42B+33.7%

Enterprise value$29.25B+33.5%

P/E15.2×+0.9×

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×

Where this comes from

Reported directly by Plains All American Pipeline, L.P. in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

The official record: Plains All American Pipeline, L.P.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plains All American Pipeline, L.P.'s net income?: Plains All American Pipeline, L.P. (PAA) reported net income of $231M in Q1 2026.
How has Plains All American Pipeline, L.P.'s net income changed year-over-year?: Plains All American Pipeline, L.P.'s net income decreased by 55.2% year-over-year, from $516M to $231M.
What is the long-term trend for Plains All American Pipeline, L.P.'s net income?: Over 4 years (2021 to 2025), Plains All American Pipeline, L.P.'s net income has grown at a 28.5% compound annual growth rate (CAGR), from $648M to $1.77B.
What does net income mean?: Net income as the starting point for the indirect method operating cash flow reconciliation.