PAANasdaqPipe Lines (No Natural Gas)Fiscal year ends December 31Also trades as PAAPU
PLAINS ALL AMERICAN PIPELINE LP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$25.25+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
8.7%−3.6 pts over 5 years
Operating margin
3.2%+13.4 pts over 5 years
Net margin
3.2%+14.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -9.5% | -8.3% | +13.7% | +6.7% | |
| Gross profit | +2.7% | -2.8% | +6.0% | +1.1% | |
| Operating income | +65.2% | +3.5% | – | +1.3% | |
| Net income | +85.9% | +11.4% | – | +4.7% | |
| Free cash flow | +12.3% | +5.5% | +24.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | 3.1% | -9.7% | 5.1% | |
| Current ratio | 0.92 | 0.86 | 0.96 | |
| Net debt to EBITDA | 7.82× | -5.90× | 4.58× | |
| Interest coverage | 2.1× | -5.4× | 2.6× | |
| Inventory turnover | 15.3× | 32.7× | 171.3× | |
| Capex to revenue | 6.6% | 3.2% | 1.5% |
Where the cash went
Fiscal 2021 to 2025, five years combined
Plains All American Pipeline Lp generated $12.56B from operations and spent $2.55B on capital expenditure, dividends and share buybacks. 90% of that went back into the business.
Generated
$12.56B
Used
$2.55B
Capital expenditure$2.29B90%Dividends$00%Share buybacks$260.00M10%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.44B
- Cash generatingOperating cash flow above zero$2.94B
- Return on assets improvedROA up on the prior year2.8% → 5.4%
- Earnings backed by cashOperating cash flow above net income$2.94B vs $1.44B
- Less leverageLong-term debt to assets fell27.1% → 35.5%
- Better liquidityCurrent ratio rose0.97 → 0.96
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year7.62% → 8.65%
- More efficientAsset turnover rose1.79 → 1.67