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PAA Nasdaq Integrated Oil & Gas

Plains All American Pipeline Lp

$24,07
Open in Charts → Attach watcher ⌖
USD
Set alert
LatestKeyera counters Competition Bureau challenge to $5.15B Plains All American deal
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
P/E
EV / Rev
Div yield
Op margin
3,2 %
ROE
Net margin
3,2 %
Debt / equity
Beta
52w range
Volume
18
Day range
Prev close
$23,75
Open
Next earnings
2026-10-28
Ex-dividend
TR 1Y
About

PLAINS ALL AMERICAN PIPELINE LP is classified under Energy / Integrated Oil & Gas and appears profitable on the latest normalized snapshot.

Business. PLAINS ALL AMERICAN PIPELINE LP (PAA) is an integrated oil and gas company operating within the Energy sector. The firm is headquartered in the United States and is primarily listed on the Nasdaq stock exchange. Specific details regarding its operating segments and geographic mix are not provided in the available data.

Classification98 %
SectorEnergy
Business sectorOil & Gas
IndustryIntegrated Oil & Gas
Generated · rules-based
Sell-side consensus
BUY20 analysts
9 buy9 hold2 sell
Avg 12m price target23,73

Analyst recommendations

20 analysts · consensus Buy
Buy9
Hold9
Sell2
12-month price target
23,73
Consensus of sell-side coverage.
Upcoming events
  • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
20 analysts · indicative
Ownership
Invesco QQQ Trust
largest disclosed fund holder
Profitability
not yet wired
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

1
  • ENERGYKeyera counters Competition Bureau challenge to $5.15B Plains All American deal2026-07-17
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,7 %
    Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,4 %−2,7 %−0,9 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Consumer Staples−0,7 %+2,3 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to PAA. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Company
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
    • Peers
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · BP (BP)
    • EarningsQ3 2026 earnings (expected)2026-10-30 · estimated · Chevron (CVX)
    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR
    • Congressional trades
    • CongressVirginia Foxx — Plains All American Pipeline, L.P.2023-10-03 · Republican · NC · Sale · $15,001 - $50,000
    • CongressVirginia Foxx — Plains All American Pipeline, L.P.2023-03-24 · Republican · NC · Purchase · $15,001 - $50,000
    • CongressVirginia Foxx — Plains All American Pipeline, L.P.2022-06-23 · Republican · NC · Sale · $100,001 - $250,000
    • CongressVirginia Foxx — Plains All American Pipeline, L.P.2022-05-16 · Republican · NC · Purchase · $1,001 - $15,000

    Pre-earnings brief

    Briefing · model-assisted

    Plains All American Pipeline LP (PAA) has expanded its operating infrastructure with the addition of several notable oil and oil/NGL pipeline assets. The most significant additions include the Plains West Coast Pipeline in the United States, which brings 235,000 barrels per day (bpd) of oil capacity online, and the Rangeland Pipeline in Canada, adding 85,000 bpd of oil capacity. These assets are now recorded as operating, marking a tangible increase in the company’s midstream throughput capabilities. Further bolstering its network, PAA has also added the Wascana Pipeline in Canada, contributing an additional 40,000 bpd of oil capacity. Alongside these pipeline expansions, the company has incorporated the Plains Marketing - Major Oil and Gas Asset located in Oklahoma, United States, into its operating portfolio. This asset is classified under oil and gas extraction, indicating a diversification or reinforcement of its upstream or marketing-related operational footprint. The inclusion of the Capline Oil Pipeline, also listed as an operating asset, rounds out this wave of infrastructure additions. While specific capacity figures for the Capline and the Oklahoma extraction asset are not detailed in the current data, their status as operating assets underscores a broad-based expansion of PAA’s physical network across both the United States and Canada. This expansion is particularly material as it represents the first analysis for this ticker, meaning there is no prior basis for computing deltas against previous periods. With 19 top holders tracking the company, these additions to the operating asset base provide a new baseline for evaluating PAA’s scale and geographic reach. The simultaneous addition of multiple operating pipelines suggests a concerted effort to enhance volume handling capacity in key North American markets.

    Signals & dispatch

    peak dispatch · 2026-07-17

    Composite-score breakdown

    Synthesis

    Business

    PLAINS ALL AMERICAN PIPELINE LP (PAA) is an integrated oil and gas company operating within the Energy sector. The firm is headquartered in the United States and is primarily listed on the Nasdaq stock exchange. Specific details regarding its operating segments and geographic mix are not provided in the available data.

    Classification98 %
    SectorEnergy
    Business sectorOil & Gas
    IndustryIntegrated Oil & Gas
    AI synthesis
    GENERATED

    PLAINS ALL AMERICAN PIPELINE LP (PAA) is currently classified as Integrated Oil & Gas within Integrated Oil & Gas (Energy). Classification confidence: 0.98 (rule-based classification). Capital structure on the latest snapshot: total assets 31,636,000,000 USD, total equity 0, short-term debt 0, long-term debt 10,956,000,000. Net cash position is approximately -10,785,000,000 USD. Profitability profile: revenue 12,470,000,000, gross profit 0, operating income 405,000,000, net income 152,000,000. Return on assets ~4.5%. Operating-cash-flow to net-income ratio is 2.05. Risk profile from automated assessment: liquidity risk high, dilution risk unknown. Flags: Current liabilities exceed current assets.; Net cash is negative after subtracting total debt.; Dilution risk could not be assessed (basic + diluted share counts missing).. Recent news context: [TRIGGER] asset_event: asset_event fired on PAA — detail={'after': {'name': 'Capline Oil Pipeline', 'status': 'operating', 'country': 'United States', 'asset_id': '132af3ec-3718-4ba8-b6d1-e3d20df31724', 'commodity': 'Oil', 'asset_type': 'oil_ngl_pipeline', 'asset_subtype': 'Oil', 'capacity_unit': 'bpd', 'capacity_value': 300000.0}}; source=ref_watcher; severity=notable; entity_key=f3a1506b-531e-4163-92dd-0a44354d31d0; change_type=add; ref_event_id=36878; watcher_kind=asset_event; contributing_watchers=asset_event, asset_event, asset_event, asset_event, asset_event, asset_event (source=ref_watcher; url=65570608-ae47-4696-a065-c43ac0526bee). Additional context: asset_event: detail={'after': {'name': 'Capline Oil Pipeline', 'status': 'operating', 'country': 'United States', 'asset_id': '132af3ec-3718-4ba8-b6d1-e3d20df31724', 'commodity': 'Oil', 'asset_type': 'oil_ngl_pipeline', 'asset_subtype': 'Oil', 'capacity_unit': 'bpd', 'capacity_value': 300000.0}}; source=ref_watcher; severity=notable; entity_key=f3a1506b-531e-4163-92dd-0a44354d31d0; change_type=add; ref_event_id=36878; watcher_kind=asset_event; contributing_watchers=asset_event, asset_event, asset_event, asset_event, asset_event, asset_event. Comparable peers identified within the same class: Chevron, Shell, BP.

    Plains All American Pipeline LP (PAA) has expanded its operating infrastructure with the addition of several notable oil and oil/NGL pipeline assets. The most significant additions include the Plains West Coast Pipeline in the United States, which brings 235,000 barrels per day (bpd) of oil capacity online, and the Rangeland Pipeline in Canada, adding 85,000 bpd of oil capacity. These assets are now recorded as operating, marking a tangible increase in the company’s midstream throughput capabilities. Further bolstering its network, PAA has also added the Wascana Pipeline in Canada, contributing an additional 40,000 bpd of oil capacity. Alongside these pipeline expansions, the company has incorporated the Plains Marketing - Major Oil and Gas Asset located in Oklahoma, United States, into its operating portfolio. This asset is classified under oil and gas extraction, indicating a diversification or reinforcement of its upstream or marketing-related operational footprint. The inclusion of the Capline Oil Pipeline, also listed as an operating asset, rounds out this wave of infrastructure additions. While specific capacity figures for the Capline and the Oklahoma extraction asset are not detailed in the current data, their status as operating assets underscores a broad-based expansion of PAA’s physical network across both the United States and Canada. This expansion is particularly material as it represents the first analysis for this ticker, meaning there is no prior basis for computing deltas against previous periods. With 19 top holders tracking the company, these additions to the operating asset base provide a new baseline for evaluating PAA’s scale and geographic reach. The simultaneous addition of multiple operating pipelines suggests a concerted effort to enhance volume handling capacity in key North American markets.

    Key takeaways
    • [TRIGGER] asset_event: asset_event fired on PAA — detail={'after': {'name': 'Capline Oil Pipeline', 'status': 'operating', 'country': 'United States', 'asset_id': '132af3ec-3718-4ba8-b6d1-e3d20df31724', 'commodity': 'Oil', 'asset_type': 'oil_ngl_pipeline', 'asset_subtype': 'Oil', 'capacity_unit': 'bpd', 'capacity_value': 300000.0}}; source=ref_watcher; severity=notable; entity_key=f3a1506b-531e-4163-92dd-0a44354d31d0; change_type=add; ref_event_id=36878; watcher_kind=asset_event; contributing_watchers=asset_event, asset_event, asset_event, asset_event, asset_event, asset_event (source=ref_watcher; url=65570608-ae47-4696-a065-c43ac0526bee)
    • Likely peers from the same classification include Chevron, Shell, BP.
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2026-03-31 0001070423 us-gaap:OperatingSegmentsMember paa:CrudeOilSegmentMember 2026-03-31 0001070423 us-gaap:OperatingSegmentsMember paa:NaturalGasLiquidsSegmentMember 2026-03-31 0001070423 us-gaap:IntersegmentEliminationMember us-gaap:ProductMember 2025-01-01 2025-03-31 0001070423 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember paa:CrudeOilSegmentMember 2025-01-01 2025-03-31 0001070423 us-gaap:OperatingSegmentsMember paa:CrudeOilSegmentMember 2025-12-31 0001070423 us-gaap:OperatingSegmentsMember paa:NaturalGasLiquidsSegmentMember 2025-12-31 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
    • Inventory, Linefill and Long-term Inventory 17 6.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 4

    Net income surged 111% year-over-year to $1.4 billion, demonstrating significant profitability growth despite revenue fluctuations.

    Operating income increased 48.1% to $1.4 billion, indicating strong operational efficiency and core business performance improvement.

    Free cash flow rose to $2.3 billion, providing substantial liquidity for dividends, debt reduction, or strategic investments.

    Analysts project 10.1% upside to a mean price target of $23.48, signaling positive market sentiment.

    BEAR CASE · 3

    High liquidity and credit risk flags suggest potential difficulties in meeting short-term obligations or refinancing debt.

    Long-term debt increased to $10.7 billion, raising concerns about leverage and interest expense burden.

    Current ratio of 0.96 indicates potential liquidity constraints, as current assets do not fully cover current liabilities.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-31
    Q4 2025 · Quarter highlights

    Revenue $12.47B; Operating income $405.0M.

    Revenue$12.47B
    Operating income$405.0M
    Net income$152.0M
    Free cash flow$288.0M
    EPS
    Operating cash flow$418.0M
    Financials
    Income statement
    Revenue$12.47B
    Gross profit
    Operating income$405.0M
    Net income$152.0M
    Margins
    Gross margin
    Operating margin3.2%
    Net margin1.2%
    FCF margin2.3%
    Balance sheet
    Total assets$31.64B
    Total liabilities
    Total equity
    Cash & equivalents$171.0M
    Long-term debt$10.96B
    Cash flow
    Operating cash flow$418.0M
    CapEx$130.0M
    Free cash flow$288.0M
    SBC
    P&L flow · revenue → net income
    Revenue $12.47BOperating costs $12.06BTax $253.0MNet income $152.0M
    Highlights
    • Revenue $12.47B
    • Operating income $405.0M
    • Net margin 1.2%

    Valuation FY

    Market price
    $24,07
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    -$10.79B
    Current ratio
    0.9
    Debt / equity
    ROA
    4.5%
    ROE
    Cash conversion
    205.0%
    CapEx / revenue
    1.5%
    SBC / revenue
    0.1%
    Dilution ratio

    Revenue by segment

    Market share

    — missing data

    Business relationships

    Business relationships86 disclosed relationships · 2 types · extracted from filings & disclosures
    Partners7
    Delek Logistics Partners LPDKL.OPartner95%Source ↗
    Enbridge Inc.ENB.TOPartner95%Source ↗
    Oneok IncOKE.OPartner95%Source ↗
    Subsidiaries79
    EX21:008ea8268a98EX21:008ea8268a98Subsidiarie97%
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    Supply chain

    Vendors → PAA ↔ Partners → Customers · click any node to drill
    VENDORSPARTNERSCUSTOMERSPAAPAAPlains All American Pipeline Lp86 entitiesDelek Logistics PartneOil & GasUSEnbridge Inc.Oil & GasCAEnterprise Products PaOil & GasUSOneok IncOil & GasUSValero Energy CorpOil & GasUSEnergy Transfer LPOil & GasUSMarathon Petroleum CorOil & GasUS
    7 mentions in 10-K0 from corporate websites0 from news dispatches
    Updated 2026-06-24

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 43 %
    EPS
    Consensus EPS
    1,55
    Predicted surprise
    -0,02
    Beat probability
    43 %
    Analysts
    20
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    revision ratio -0,04 · as of 2026-07-17 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate1,55
    Revenueno estimateno estimate50,5B USD
    Operating incomeno estimateno estimate1,9B USD
    Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution20 analysts
    Strong buy4
    Buy5
    Hold9
    Sell2
    Strong sell0
    12-month price target$23,73 · Median $24,00
    Low $19,67High $27,00
    Operating income · consensus1,9B USD
    EPS surprise
    −0,7 %
    reported vs consensus · miss
    Revenue surprise
    −12,4 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$19,67
    Mean$23,73
    Median$24,00
    High$27,00
    Spot$24,07
    −1.4 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskUnknown
    Liquidity riskHigh
    Filing-based flags
    • Current liabilities exceed current assets.
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin3,2 %Below median
    Net Margin3,2 %Below median
    Capex / Rev1,5 %Above P75
    Cash Conv2,05Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    Derivative transactions

    Net acquired 408 259 sh6 exercises · 9 grants6 insiders
    • Herbold ChrisSr. VP Finance & CAO · Phantom Units → Common UnitsAcquired 32 750grant · 2025-08-14
    • Herbold ChrisSr. VP Finance & CAO · Phantom Units → Common UnitsDisposed 65 796exercise · 2025-08-14
    • Chiang Willie CWDirector, Chairman & CEO · Phantom Units → Common UnitsAcquired 500 000grant · 2025-08-14
    • Chiang Willie CWDirector, Chairman & CEO · Phantom Units → Common UnitsDisposed 500 000disposition · 2025-08-14
    • Chiang Willie CWDirector, Chairman & CEO · Phantom Units → Common UnitsAcquired 417 350grant · 2025-08-14
    • Chiang Willie CWDirector, Chairman & CEO · Phantom Units → Common UnitsDisposed 561 055exercise · 2025-08-14
    • Chandler Chris R.EVP & COO · Phantom Units → Common UnitsAcquired 327 350grant · 2025-08-14
    • Chandler Chris R.EVP & COO · Phantom Units → Common UnitsAcquired 144 900grant · 2025-08-14
    • Chandler Chris R.EVP & COO · Phantom Units → Common UnitsDisposed 227 864exercise · 2025-08-14
    • Goebel Jeremy L.EVP & CCO · Phantom Units → Common UnitsAcquired 545 550grant · 2025-08-14
    • Goebel Jeremy L.EVP & CCO · Phantom Units → Common UnitsAcquired 144 900grant · 2025-08-14
    • Goebel Jeremy L.EVP & CCO · Phantom Units → Common UnitsDisposed 227 864exercise · 2025-08-14
    • Swanson AlEVP & CFO · Phantom Units → Common UnitsDisposed 176 731exercise · 2025-08-14
    • McGee Richard K.EVP, General Counsel & Sec. · Phantom Units → Common UnitsAcquired 122 650grant · 2025-08-14
    • McGee Richard K.EVP, General Counsel & Sec. · Phantom Units → Common UnitsDisposed 176 731exercise · 2025-08-14
    • Swanson AlEVP & CFO · Phantom Units → Common UnitsAcquired 108 850grant · 2025-08-14

    Physical assets

    46 tracked
    AssetTypeCommodityCountryRole
    Advantage Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Avalon Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Avalon Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Basin Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Basin Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Basin Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Blacktip Station Loop PipelineOil ngl pipelineOilUnited StatesRegistered owner
    BridgeTex Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    BridgeTex Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    BridgeTex Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Cactus II Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Cactus III Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Cactus III Pipeline (EPIC Oil Pipeline)Oil ngl pipelineOilUnited StatesRegistered owner
    Cactus Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Cactus Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Capline Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Capline Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Capline Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Co-Ed System NGL pipelineOil ngl pipelineNglCanadaRegistered owner
    Diamond Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Eagle Ford JV Pipeline SystemOil ngl pipelineOilUnited StatesRegistered owner
    Eagle Ford JV Pipeline SystemOil ngl pipelineOilUnited StatesRegistered owner
    Manito Oil PipelineOil ngl pipelineOilCanadaRegistered owner
    Oryx Pipeline SystemOil ngl pipelineOilUnited StatesRegistered owner
    Oryx Pipeline SystemOil ngl pipelineOilUnited StatesRegistered owner
    PTC NGL PipelineOil ngl pipelineNglCanadaRegistered owner
    Pinon Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Plains Marketing - Dewey Oil and Gas Asset (Oklahoma, United States)Oil gas extractionOil And GasUnited StatesOperating company
    Plains Marketing - Major Oil and Gas Asset (Oklahoma, United States)Oil gas extractionOil And GasUnited StatesOperating company
    Plains West Coast PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Rainbow Oil PipelineOil ngl pipelineOilCanadaRegistered owner
    Rangeland PipelineOil ngl pipelineOilCanadaRegistered owner
    Red Oak Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Red River Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Red River Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    South Saskatchewan oil pipelineOil ngl pipelineOilCanadaRegistered owner
    South Saskatchewan oil pipelineOil ngl pipelineOilCanadaRegistered owner
    State Line Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Sunrise Pipeline SystemOil ngl pipelineOilUnited StatesRegistered owner
    Sunrise Pipeline SystemOil ngl pipelineOilUnited StatesRegistered owner
    Wascana PipelineOil ngl pipelineOilCanadaRegistered owner
    White Cliffs Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    White Cliffs Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    White Cliffs Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    White Cliffs Oil PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Wink to Webster PipelineOil ngl pipelineOilUnited StatesRegistered owner
    Tracked physical assets associated with this issuer (operated, managed, or owned).

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Regulatory filings
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Return On Assets
      net_income / total_assets
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Capex To Revenue
      capital_expenditure / revenue
    Source documents
    • PLAINS ALL AMERICAN PIPELINE LP company facts · 2026-07-17
    • PLAINS ALL AMERICAN PIPELINE LP 10-Q 2026-05-08 · 2026-07-17
    • PLAINS ALL AMERICAN PIPELINE LP 10-K 2026-02-27 · 2026-07-17
    • PLAINS ALL AMERICAN PIPELINE LP 10-Q 2025-11-07 · 2026-07-17
    • PLAINS ALL AMERICAN PIPELINE LP 10-Q 2025-08-08 · 2026-07-17
    • asset_event fired on PAA · 2026-07-17
    • Plains All American Pipeline LP Market data — analyst estimates · 2026-07-17
    • Plains All American Pipeline LP Market data — ESG · 2026-07-17
    • PLAINS ALL AMERICAN PIPELINE LP HA canonical relationships · 2026-07-17
    • Plains All American Pipeline LP — company reference export (2026-07-05) · 2026-07-17

    Ownership & reference

    Top holders

    • Invesco QQQ TrustFunds · as of 2026-03-310,11 %$745M
    • Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,05 %$369M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,03 %$196M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,02 %$255M
    • Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,01 %$35M
    • Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,01 %$19M
    • Victory Capital Management Inc.Investment Managers · as of 2026-03-310,01 %$8M
    • LPL Financial LLCInvestment Managers · as of 2026-03-310,00 %$17M
    • First Trust Advisors L.P.Investment Managers · as of 2026-03-310,00 %$4M
    • PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$3M
    • Nuveen LLCInvestment Managers · as of 2024-12-310,00 %$4M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$13M
    • Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$5M
    • Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,00 %$3M
    • FMR LLCInstitutional Investor · as of 2026-03-310,00 %$10M
    • AMERIPRISE FINANCIAL INCInstitutional Investor · as of 2026-03-310,00 %$1M
    • JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$0M
    • AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,00 %$0M
    • BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$4M

    Insider activity

    Net selling0 buys · 1 sellsnet -$51K8 insiders · last 365d
    • Ziemba Lawrence MichaelDirector · Common UnitsSold 2 346 @ $21,95$51K · 2026-06-29
    • Chandler Chris R.EVP & COO · Common UnitsOther 89 665 @ $17,78$1,6M · 2025-08-14
    • Chiang Willie CWDirector, Chairman & CEO · Common UnitsOther 561 055 · 2025-08-14
    • Chiang Willie CWDirector, Chairman & CEO · Common UnitsOther 220 776 @ $17,78$3,9M · 2025-08-14
    • Swanson AlEVP & CFO · Common UnitsOther 176 731 · 2025-08-14
    • McGee Richard K.EVP, General Counsel & Sec. · Common UnitsOther 176 731 · 2025-08-14
    • Swanson AlEVP & CFO · Common UnitsOther 69 544 @ $17,78$1,2M · 2025-08-14
    • McGee Richard K.EVP, General Counsel & Sec. · Common UnitsOther 69 544 @ $17,78$1,2M · 2025-08-14
    • PAA GP Holdings LLCDirector, 10% owner · Common Units (Limited Partner Interests)Other 144 500 · 2025-08-14
    • Herbold ChrisSr. VP Finance & CAO · Common UnitsOther 65 796 · 2025-08-14
    • Herbold ChrisSr. VP Finance & CAO · Common UnitsOther 23 284 @ $17,78$414K · 2025-08-14
    • Goebel Jeremy L.EVP & CCO · Common UnitsOther 227 864 · 2025-08-14
    • Goebel Jeremy L.EVP & CCO · Common UnitsOther 89 665 @ $17,78$1,6M · 2025-08-14
    • Goebel Jeremy L.EVP & CCO · Common UnitsOther 138 199 · 2025-08-14
    • Chandler Chris R.EVP & COO · Common UnitsOther 227 864 · 2025-08-14

    Short positioning

    14.9Mshares short+2.5% vs prior
    8.31days to cover
    40.6%short of daily vol
    1.3Kfails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    PAACanonical
    Nasdaq · USD

    Intel & risk

    PredictorBeat prob43 %Surprise-0,02Full forecast →
    peak dispatch · 2026-07-17
    OSINT findings
    Dilution riskUnknown
    Liquidity riskHigh
    Current liabilities exceed current assets.
    Net cash is negative after subtracting total debt.
    Relationship graph
    PAACVXSHELBPDKL.OENB.TOEPD.OOKE.OVLO.OET.OMPC.OIntegrated Oil
    This companyPeerSectorPartners

    Evidence & claims

    From filings & derived data
    • Cost of revenue (annual): USD 40.43BUnknown
    • Revenue (annual): USD 44.26BUnknown
    • Total assets (annual): USD 30.17BUnknown
    • Current liabilities (annual): USD 4.93BUnknown
    • Cash & equivalents (annual): USD 328MUnknown
    • Net income (annual): USD 1.77BUnknown
    • Current assets (annual): USD 4.73BUnknown
    • Operating income (annual): USD 1.43BUnknown
    • Operating cash flow (annual): USD 2.94BUnknown
    • Capex (annual): USD 643MUnknown
    • Pre-tax income (annual): USD 1.4BUnknown
    • Operating income (YoY) (2025-12-31 vs 2024-12-31): 65.2%Derived (calculated)
    • Net margin (FY 2025-12-31): 4.0%Derived (calculated)
    • Return on assets (FY 2025-12-31): 5.9%Derived (calculated)
    • Current ratio (FY 2025-12-31): 0.96xDerived (calculated)
    • Capex (YoY) (2025-12-31 vs 2024-12-31): 43.5%Derived (calculated)
    • Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -5.7%Derived (calculated)
    • Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -10.5%Derived (calculated)
    • Net income (YoY) (2025-12-31 vs 2024-12-31): 59.5%Derived (calculated)
    • Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 17.9%Derived (calculated)
    • Revenue (YoY) (2025-12-31 vs 2024-12-31): -9.5%Derived (calculated)
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): 13.6%Derived (calculated)
    • Operating cash flow (annual): USD 2.49BUnknown
    • Total assets (annual): USD 26.56BUnknown
    Showing 24 of 36 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-29INSIDERZiemba Lawrence Michael sold 2.3k sh Common Units — Director ~$51k
    2026-06-17FILINGFORM 8-K →
    2026-06-02FILINGFORM 8-K →
    2026-05-22FILINGFORM 8-K →
    2026-05-13FILINGFORM 8-K →
    2026-05-12FILINGFORM 8-K →
    2026-05-08FILING10-Q filing →
    2026-05-08FILING8-K filing →
    2026-04-10FILINGDEF 14A filing →
    2026-03-31EARNINGSQuarterly results — Q4 2025 Revenue USD 12.47B · Net USD 152.0M
    2026-03-03FILINGFORM 8-K →
    2026-02-27FILING10-K filing →
    2026-02-06FILING8-K filing →
    2025-12-31EARNINGSQuarterly results — Q3 2025
    2025-12-31EARNINGSAnnual results — FY 2025 Revenue USD 44.26B · Net USD 1.44B
    2025-12-03FILINGFORM 8-K →
    2025-09-30EARNINGSQuarterly results — Q2 2025 Revenue USD 33.70B · Net USD 1.09B
    2025-08-14 00:00 UTCINSIDER30 insider transactions — 2025-08 · net sell $10.0M 16 derivative
    2025-08-14INSIDERChandler Chris R. transacted 89.7k sh Common Units — EVP & COO ~$1.59M
    2025-08-14INSIDERChiang Willie CW transacted 561.1k sh Common Units — Director, Chairman & CEO
    2025-08-14INSIDERChiang Willie CW transacted 220.8k sh Common Units — Director, Chairman & CEO ~$3.93M
    2025-08-14INSIDERSwanson Al transacted 176.7k sh Common Units — EVP & CFO
    2025-08-14INSIDERMcGee Richard K. transacted 176.7k sh Common Units — EVP, General Counsel & Sec.
    2025-08-14INSIDERSwanson Al transacted 69.5k sh Common Units — EVP & CFO ~$1.24M
    2025-08-14INSIDERMcGee Richard K. transacted 69.5k sh Common Units — EVP, General Counsel & Sec. ~$1.24M
    2025-08-14INSIDERPAA GP Holdings LLC transacted 144.5k sh Common Units (Limited Partner Interests) — Director, 10% owner
    2025-08-14INSIDERHerbold Chris transacted 65.8k sh Common Units — Sr. VP Finance & CAO
    2025-08-14INSIDERHerbold Chris transacted 23.3k sh Common Units — Sr. VP Finance & CAO ~$414k
    2025-08-14INSIDERGoebel Jeremy L. transacted 227.9k sh Common Units — EVP & CCO
    2025-08-14INSIDERGoebel Jeremy L. transacted 89.7k sh Common Units — EVP & CCO ~$1.59M
    2025-08-14INSIDERGoebel Jeremy L. transacted 138.2k sh Common Units — EVP & CCO
    2025-08-14INSIDERChandler Chris R. transacted 227.9k sh Common Units — EVP & COO
    2025-08-14INSIDERChiang Willie CW disposed of 500.0k sh Phantom Units — Director, Chairman & CEO
    2025-08-14INSIDERSwanson Al disposed of 176.7k sh Phantom Units — EVP & CFO
    2025-08-14INSIDERChiang Willie CW acquired 500.0k sh Phantom Units — Director, Chairman & CEO
    2025-08-14INSIDERChiang Willie CW acquired 417.4k sh Phantom Units — Director, Chairman & CEO
    2025-08-14INSIDERChiang Willie CW disposed of 561.1k sh Phantom Units — Director, Chairman & CEO
    Showing the 40 most recent of 63 entries.
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage