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Plains All American Pipeline, L.P. PAA Total tariff activities — Revenues from contracts with customers

Discontinued — last reported Q3 '21

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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$15.06B+11.9%
Enterprise value$26.88B+19.4%
P/E13.2×-1.0×
P/S0.3×+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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Plains All American Pipeline, L.P.’s 10-Q, filed November 8, 2021, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plains All American Pipeline, L.P.'s total tariff activities — revenues from contracts with customers?
Plains All American Pipeline, L.P. (PAA) reported total tariff activities — revenues from contracts with customers of $505M in Q3 2021.
What does total tariff activities — revenues from contracts with customers mean?
Revenue earned from charging fees to transport oil and liquid products through the company's pipeline network.
How do you interpret total tariff activities — revenues from contracts with customers?
An increase suggests higher pipeline throughput volumes or increased tariff rates, indicating strong demand for midstream transportation services. A decrease may signal reduced production in connected basins, increased competition, or lower utilization of the pipeline network.
How does total tariff activities — revenues from contracts with customers compare across companies?
Comparable to pipeline transportation revenue or gathering and transportation fees reported by other midstream energy infrastructure companies and master limited partnerships.