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Plains All American Pipeline, L.P. PAA United States — Long-Lived Assets

Other geography segments

Canada
$1.48B+3.6%

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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$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:NoncurrentAssets.

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 united states — long-lived assets?
Plains All American Pipeline, L.P. (PAA) reported united states — long-lived assets of $21.4B in Q4 2025.
How has Plains All American Pipeline, L.P.'s united states — long-lived assets changed year-over-year?
Plains All American Pipeline, L.P.'s united states — long-lived assets increased by 19.2% year-over-year, from $17.96B to $21.4B.
What does united states — long-lived assets mean?
This metric measures the net book value of non-current, physical assets such as pipelines, storage tanks, and processing facilities located within the United States. It serves as a proxy for the capital intensity and the physical capacity of the company's domestic infrastructure network. Changes in this balance reflect ongoing capital expenditure programs, asset acquisitions, or depreciation and impairment charges.