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Plains All American Pipeline, L.P. PAA United States — Total revenues

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$4.5B-15.9%

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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$16.66B+26.9%
Enterprise value$28.49B+29.4%
P/E14.6×+0.1×
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:Revenues.

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 — total revenues?
Plains All American Pipeline, L.P. (PAA) reported united states — total revenues of $9.94B in Q4 2025.
How has Plains All American Pipeline, L.P.'s united states — total revenues changed year-over-year?
Plains All American Pipeline, L.P.'s united states — total revenues decreased by 8.7% year-over-year, from $10.88B to $9.94B.
What is the long-term trend for Plains All American Pipeline, L.P.'s united states — total revenues?
Over 4 years (2021 to 2025), Plains All American Pipeline, L.P.'s united states — total revenues has grown at a 3.6% compound annual growth rate (CAGR), from $34.46B to $39.76B.
What does united states — total revenues mean?
This metric represents the total gross revenue generated from all operations, including transportation, storage, and marketing services, within the United States geographic segment. It reflects the scale of the company's domestic midstream energy footprint and its ability to capture market demand for crude oil and natural gas liquids. Fluctuations in this figure are primarily driven by changes in commodity prices and throughput volumes across the domestic pipeline network.