What does NGL — PROPERTY AND EQUIPMENT mean?

This represents the net book value of physical assets such as fractionation plants, storage facilities, and pipelines dedicated to the NGL segment. It serves as the primary asset base upon which the segment generates its operating revenue.

Plains All American Pipeline, L.P. PAA NGL — PROPERTY AND EQUIPMENT

Similar metrics at other companies

PAGPNGL — PROPERTY AND EQUIPMENT

$365M+0.3%

MPLXNatural Gas and NGL Services — Property, plant and equipment, net

$13.28B+27.2%

EPDNGL Pipelines & Services — Carrying Value

$1.02B+31.5%

EPDNGL Pipelines & Services — Gross Value

$1.5B+24.6%

MPLXNatural Gas & NGL Services — Gross PP&E

$18.46B+20.6%

EPDNGL Pipelines & Services — Consolidated total assets

$25.02B+15.1%

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:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization.

The official record: Plains All American Pipeline, L.P.’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plains All American Pipeline, L.P.'s NGL — PROPERTY AND EQUIPMENT?: Plains All American Pipeline, L.P. (PAA) reported NGL — PROPERTY AND EQUIPMENT of $365M in Q4 2025.
What does NGL — PROPERTY AND EQUIPMENT mean?: This represents the net book value of physical assets such as fractionation plants, storage facilities, and pipelines dedicated to the NGL segment. It serves as the primary asset base upon which the segment generates its operating revenue.