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Plains All American Pipeline LP (PAA)

US · Energy · Oil & Gas Midstream

$25.41-0.04%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$17.69B
Revenue YoY
+66.3%
Net profit
$1.83B
Profit YoY
+771.4%
EPS
$0.41
EPS estimate
$0.40
Net margin
10.3%

EPS came in at 0.41 against a street estimate of 0.40 — a beat of 2.5%.

Key statistics

Market cap
$18.24B
P/E
22.1
Forward P/E
13.3
P/B
1.65
Book value
$12.81
EPS (TTM)
$1.17
Dividend yield
6.26%
52-week high
$26.39
52-week low
$14.49
50-day MA
$24.34
200-day MA
$21.60
Beta
0.49

Analyst view

Analysts rate Plains All American Pipeline LP a buy (7 buy, 7 hold, 2 sell out of 16) with an average price target of $25.50.

From the latest earnings call · 2026-08-07

CONFIDENT PAA reported Q2 adjusted EBITDA of $738M, raised 2026 growth capex to $400–450M, and increased Permian production outlook to 100–200k bbl/d growth. Strong momentum into 2027 despite volatile macro backdrop. Q2 2026 Permian and Canada drive $400–450M growth capex; both regions fully subscribed with long-term contracts. Analysts pressed on capex sustainability, Cactus expansion returns vs. market tightness, and timing of Permian volume benefits. Management emphasized capital discipline, economic returns above hurdles, and 2027 momentum—deferring specific guidance pending macro clarity. 2026-08-07…

Full summary in the app.

Shareholding

Insiders
34.19%
Institutions
41.58%

Largest institutional holders

FundStake
ALPS Advisors Inc9.99%
Amvescap Plc.4.73%
Blackstone Inc2.66%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2.42%
The Goldman Sachs Group Inc2.34%
Tortoise Midstream Energy Fund, Inc.1.93%
Morgan Stanley - Brokerage Accounts1.62%
UBS Group AG1.24%

Recent filings & reports

DocumentDate
Material agreement · Q3 2026
PLAINS ALL AMERICAN PIPELINE LP - FORM 8-K SUMMARY HEADLINE NUMBERS • Company completed public offering of $1.5 billion in subordinated notes on Sep
2026-09-14
Company announcement · Q3 2026
PLAINS ALL AMERICAN PIPELINE LP - FORM 8-K SUMMARY HEADLINE NUMBERS • Company pricing $1.5 billion in new junior subordinated notes: $700 million of
2026-09-10
Results announced · Q3 2026
PLAINS ALL AMERICAN PIPELINE, L.P. - DOCUMENT SUMMARY HEADLINE NUMBERS • PAA completed acquisition of 100% equity interest in EPIC Crude Holdings LP
2026-09-09
Quarterly report · Q2 2026
PLAINS ALL AMERICAN PIPELINE, L.P. — Q2 2026 10-Q SUMMARY HEADLINE NUMBERS • Total revenues (6 months): $30,162 million vs. $22,119 million prior ye
2026-08-10
Acquisition completed · Q3 2026
PLAINS ALL AMERICAN PIPELINE, L.P. - FORM 8-K SUMMARY HEADLINE NUMBERS • Company: Plains All American Pipeline, L.P. (PAA) • Trading Symbol: PAA on
2026-08-07
Material agreement · Q2 2026
PLAINS ALL AMERICAN PIPELINE LP – FORM 8-K SUMMARY HEADLINE NUMBERS • New senior unsecured revolving credit facility: $2.7 billion committed borrowi
2026-06-17
Board / officer change · Q2 2026
PLAINS ALL AMERICAN PIPELINE LP - DOCUMENT SUMMARY BUSINESS & SEGMENT HIGHLIGHTS • Plains All American Pipeline, L.P. (PAA) is a Delaware limited pa
2026-06-02
Shareholder vote results · Q2 2026
PLAINS ALL AMERICAN PIPELINE LP - DOCUMENT SUMMARY HEADLINE NUMBERS • Annual meeting held May 20, 2026 with 530,943,161 common units and Series A Pr
2026-05-22

Readable in the app.

Corporate actions

ActionDetailDate
Dividend$0.42 / share
ex-date Jul 31, 2026 · pay Aug 14, 2026
2026-07-31
Dividend$0.42 / share
ex-date May 1, 2026 · pay May 15, 2026
2026-05-01
Dividend$0.42 / share
ex-date Jan 30, 2026 · pay Feb 13, 2026
2026-01-30
Dividend$0.38 / share
ex-date Oct 31, 2025 · pay Nov 14, 2025
2025-10-31

Deals & corporate news

AnnouncementDate
Completed acquisition of EPIC Crude Holdings pipeline asset
Plains All American Pipeline (PAA) acquired 100% ownership of EPIC Crude Holdings, which operates the Cactus III Pipeline. The acquisition occurred in two stages: PAA purchased a 55% stake o
2026-09-09
Completed sale of Canadian NGL business subsidiary to Keyera Corp
Plains All American Pipeline (PAA) completed the sale of its Canadian natural gas liquids (NGL) business to Keyera Corp. on May 12, 2026, for CAD $5.13 billion (approximately USD $3.76 billi
2026-05-12
Acquired 100% equity interests in EPIC Crude Holdings and its pipeline operations
Plains All American Pipeline (PAA) completed its acquisition of EPIC Crude Oil Pipeline on October 31, 2025, acquiring 100% ownership. To finance this acquisition, PAA took on approximately
2025-12-03
Completed acquisition of EPIC Crude Pipeline equity interests for $2.9B
Plains All American Pipeline (PAA) completed the acquisition of 100% ownership of the EPIC Crude Oil Pipeline for approximately $2.9 billion total (55% stake for $1.57 billion from Diamondba
2025-11-06

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Data updated 2026-09-18.