StockVS

NASDAQ · Oil & Gas Midstream · USD

Plains All American Pipeline, L.P. (PAA) Stock Analysis

Plains All American Pipeline, L.P. (PAA) is a Oil & Gas Midstream stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

PAA

$25.89

+$0.40 (+1.57%)

Oct 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare PAA with… →

PAA Key Statistics

As of Oct 21, 2026
Trading
Open
$25.53
Previous Close
$25.49
Day's Range
25.50–25.96
52-Week Range
16.00–26.39
Volume
2.12M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.55
Valuation
Market Cap
$18.27B
P/E Ratio
22.32
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
13.28
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.35
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.35
EPS (ttm)Profit attributable to each share over the last twelve months.
1.16
Financials (FY)
Revenue (FY)
$44.26B−9.46%
Net Income (FY)
$1.39B+80.31%
Profit marginThe share of revenue left as profit after all costs and taxes.
5.29%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
705.57M
1-Year Return
+70.18%
Dividend and dates
Dividend
$1.67+6.55%
Ex-Dividend Date
October 30, 2026
Earnings Date
November 6, 2026
Avg Volume
2.54M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, PAA closed at $25.89, +70.18% over 1 year.

Plains All American Pipeline, L.P. (PAA) has a market capitalization of $18.27B.

In fiscal 2025, PAA reported revenue of $44.26B.

PAA Stock Return by Calendar Year

Plains All American Pipeline, L.P. (PAA) 10-year return: what $10,000 became

1 year
$10,000 $17,018
+70.18%
5 years
$10,000 $34,641
+246.41%
10 years
$10,000 $16,733
+67.33%

If you had invested $10,000 in Plains All American Pipeline, L.P. (PAA) 10 years ago, at the close on October 21, 2016, it would have been worth $16,733 at the close on October 21, 2026: +67.33% in total, +5.28% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+52.57%
2025+14.30%
2024+21.40%
2023+39.21%
2022+35.81%
2021+22.24%
2020−50.79%
2019−2.28%
2018+2.31%
2017−31.34%
2016 (partial year)+13.06%

As of October 21, 2026.

PAA Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$44.26B$1.39B3.1%
2024$48.89B$772.00M1.6%
2023$47.34B$1.23B2.6%
2022$57.34B$1.04B1.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$44.26B$1.72B$1.38B$1.39B3.1%
2024$48.89B$1.36B$1.03B$772.00M1.6%
2023$47.34B$1.41B$1.11B$1.23B2.6%
2022$57.34B$1.89B$1.56B$1.04B1.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

PAA Dividend History

$1.52+19.5% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.253—
2025$1.524+19.5%
2024$1.274+18.7%
2023$1.074+28.5%
YearDividends per sharePaymentsChange
2026 (partial year)$1.253—
2025$1.524+19.5%
2024$1.274+18.7%
2023$1.074+28.5%
2022$0.834+15.8%
2021$0.724−20.0%
2020$0.904−34.8%
2019$1.384+15.0%
2018$1.204−38.5%
2017$1.954+254.5%
2016$0.551—

Most recent payment: $0.42 per share, ex-dividend July 31, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

PAA Valuation vs Oil & Gas Midstream Median

Median of 63 stocks
MetricPAAOil & Gas Midstream medianvs median
P/E22.3214.1158% above
P/S ratio0.352.670.1x the median
Profit margin5.29%22.05%16.8 pts below

Medians across 63 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Plains All American Pipeline, L.P. (PAA) is capitalised at $18.27B on the latest close. It is classified in the Oil & Gas Midstream industry, within the Energy sector. Headcount on file is 3,900.

The most recent close on file for PAA is $25.89, dated October 21, 2026. That is +$0.40 (+1.57%) against the previous close. Over the past 52 weeks the price has ranged from $16.00 to $26.39. The latest close sits 61.81% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $44.26B. That is −9.46% against the prior fiscal year, when revenue was $48.89B. Net income for the same year was $1.39B. That is +80.31% against the prior fiscal year. The reported profit margin is 5.29%. That is 16.8 percentage points below the Oil & Gas Midstream median of 22.05%. Earnings per share on a trailing basis come to 1.16.

Across the 4 fiscal years on file, revenue moves from $57.34B in 2022 to $44.26B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 22.32. That is 58.19% above the Oil & Gas Midstream median of 14.11. On forward earnings the ratio is 13.28. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.35. The price-to-sales ratio is 0.35. On price-to-sales that is 0.1 times the Oil & Gas Midstream median of 2.67. 63 Oil & Gas Midstream companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is +70.18%. Across 10 years the annualized return works out at +5.28%. The reported beta is 0.55. Annualized volatility over the trailing 10 years is 41.41%.

Growth & Income

The trailing dividend yield is 6.55%. That is 1.1 percentage points above the Oil & Gas Midstream median yield of 5.41%. The indicated annual rate is $1.67 a share. The ex-dividend date on file is October 30, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $1.25 a share. The year before, 2025, totalled $1.52 a share.

2026 is still running; the total return is +52.57% year to date. The strongest complete calendar year on file is 2023 at +39.21%; the weakest is 2020 at −50.79%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Plains All American Pipeline, L.P. (PAA) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Plains All American Pipeline, L.P. PAA $18.27B 22.3
Enbridge Inc. ENB $107.01B 25.7
The Williams Companies, Inc. WMB $89.05B 29.0
Enterprise Products Partners L.P. EPD $79.02B 12.7

The Oil & Gas Midstream industry average P/E ratio is 14.1x. Plains All American Pipeline, L.P. trades at a P/E of 22.3.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Oil & Gas Midstream Stocks

View all Oil & Gas Midstream stocks →

Popular Energy Stocks

View all Energy stocks →

About Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, trucks, and on barges or railcars. This segment provides terminalling, storage, and other related services, as well as merchant activities. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminaling. This segment also includes ethane, propane, normal butane, iso-butane, and natural gasoline derived from natural gas production and processing activities, as well as crude oil refining processes. Its NGL components are used for various applications, such as heating, engine, and industrial fuels. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.

Visit website →