What does NGL — investments in unconsolidated entities mean?

This represents capital contributions or investments made into joint ventures or partnerships within the NGL segment that are not fully consolidated in the financial statements. It reflects the company's strategy to share risk and capital requirements for large-scale infrastructure projects.

Plains All American Pipeline, L.P. PAA NGL — Investments in unconsolidated entities

Other segment segments

Crude Oil

$2.84B+3.4%

Similar metrics at other companies

PAGPNGL — Investments in unconsolidated entities

$0—

EPDNGL Pipelines & Services — Investments in unconsolidated affiliates

$566M-3.4%

MPLXNatural Gas & NGL Services — Investments in unconsolidated affiliates

$237M+99.2%

OKENatural Gas Liquids — Investments in unconsolidated affiliates

$718M+37.0%

ETNGL and refined products transportation and services — Investments in unconsolidated affiliates

$379M+0.3%

PAGPNGL — Equity earnings in unconsolidated entities

$0—

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$17.14B+31.1%

Enterprise value$28.96B+31.9%

P/E15×+0.6×

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

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

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

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 NGL — investments in unconsolidated entities?: Plains All American Pipeline, L.P. (PAA) reported NGL — investments in unconsolidated entities of $0 in Q1 2026.
What does NGL — investments in unconsolidated entities mean?: This represents capital contributions or investments made into joint ventures or partnerships within the NGL segment that are not fully consolidated in the financial statements. It reflects the company's strategy to share risk and capital requirements for large-scale infrastructure projects.