StockData
Plains All American Pipeline LP logo

Plains All American Pipeline LP (PAA) stock

PAANasdaqPipe Lines (No Natural Gas)Fiscal year ends December 31Also trades as PAAPU
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026Score 11/3037% below fair value
$26.51−0.40 (-1.50%)

Close on Oct 30, 2026Market cap $18.70BP/E –Yield –

Earnings

Plains All American Pipeline LP's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 4, 2026
Q3 FY2026 · estimated, before the open
Revenue, Q4 FY2025
$10.57B
Diluted adjusted net income per common unit, Q4 FY2025
$0.40
Latest guidance
Raised
May 8, 2026 · 4 items

Quarterly results

Revenue and earnings per share from each of Plains All American Pipeline LP's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q3 FY2026ended Sep 30, 2026Nov 4, 2026Expected–––––
Q2 FY2026ended Jun 30, 2026Sep 9, 2026after the close––––Release
Q1 FY2026ended Mar 31, 2026May 8, 2026before the open––––Release
Q4 FY2025ended Dec 31, 2025Feb 6, 2026before the open$10.57B–$0.41$0.40Release
Q3 FY2025ended Sep 30, 2025Nov 5, 2025before the open$11.58B-9.1%$0.55$0.39Release
Q2 FY2025ended Jun 30, 2025Aug 8, 2025before the open––––Release
Q1 FY2025ended Mar 31, 2025May 9, 2025before the open––––Release
Q4 FY2024ended Dec 31, 2024Feb 7, 2025before the open––––Release
Q3 FY2024ended Sep 30, 2024Nov 8, 2024before the open$12.74B+5.6%$0.22$0.37Release
Q2 FY2024ended Jun 30, 2024Aug 2, 2024before the open$12.93B+11.5%$0.26$0.31Release
Q1 FY2024ended Mar 31, 2024May 3, 2024before the open$12.00B-2.8%$0.29$0.41Release
Q4 FY2023ended Dec 31, 2023Feb 9, 2024before the open$12.70B-2.0%$0.35$0.42Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Plains All American Pipeline LP's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Adjusted EBITDA attributable to PAAnon-GAAPFY2025$2.80B – $2.95B–NewFeb 7, 2025
Adjusted Free Cash Flow (excluding changes in Assets & Liabilities)non-GAAPFY2025$1.15B–NewFeb 7, 2025
Growth CapitalFY2025$400.00M–NewFeb 7, 2025
Adjusted EBITDA guidance attributable to PAAnon-GAAPFY2026$2.88B$2.75BRaisedMay 8, 2026
Adjusted Free Cash Flownon-GAAPFY2026$1.85B$1.80BRaisedMay 8, 2026
Growth capitalFY2026$350.00M$350.00MReaffirmedMay 8, 2026

Guidance history

Every forecast Plains All American Pipeline LP put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
May 8, 2026Growth capitalFY2026$350.00MReaffirmed
May 8, 2026maintenance capitalFY2026$185.00MLowered
May 8, 2026Adjusted EBITDA guidance attributable to PAAFY2026$2.88BRaised
May 8, 2026Adjusted Free Cash FlowFY2026$1.85BRaised
Feb 6, 2026Growth CapitalFY2026$350.00MNew
Feb 6, 2026Adjusted EBITDA attributable to PAAFY2026$2.75BNew
Feb 6, 2026Adjusted Free Cash flowFY2026$1.80BNew
Nov 5, 2025Adjusted EBITDA attributable to PlainsFY2025$2.84B – $2.89BNew
Feb 7, 2025Growth CapitalFY2025$400.00MNew
Feb 7, 2025Maintenance CapitalFY2025$240.00MLowered
Feb 7, 2025Adjusted EBITDA attributable to PAAFY2025$2.80B – $2.95BNew
Feb 7, 2025Adjusted Free Cash Flow (excluding changes in Assets & Liabilities)FY2025$1.15BNew
Nov 8, 2024Adjusted EBITDA attributable to PAAFY2024$2.73B – $2.78BReaffirmed
Nov 8, 2024Adjusted Free Cash FlowFY2024$1.45BLowered
Aug 2, 2024Adjusted EBITDA attributable to PAAFY2024$2.73B – $2.78BRaised
Aug 2, 2024Adjusted Free Cash FlowFY2024$1.55BRaised
May 3, 2024Adjusted EBITDA attributable to PAAFY2024$2.63B – $2.73BReaffirmed
Feb 9, 2024Investment Capital, net to PAAFY2024$375.00MNew
Feb 9, 2024Maintenance Capital, net to PAAFY2024$230.00MLowered
Feb 9, 2024Adjusted EBITDA attributable to PAAFY2024$2.63B – $2.73BNew

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Plains All American Pipeline LP filed with the SEC as exhibits to Form 8-K or 6-K

  1. Plains All American Pipeline and Plains GP Holdings
    Update
  2. PLAINS ALL AMERICAN PIPELINE, L.P. AND SUBSIDIARIES
    Results
  3. Plains All American Reports Second-Quarter 2026 Results
    Update
  4. Plains All American Pipeline, L.P. and Plains
    Update
  5. Plains All American Pipeline and Plains GP Holdings
    Update
  6. Plains All American Reports First-Quarter 2026 Results & Raises 2026 Guidance
    Results
  7. Plains All American Reports Fourth-Quarter and Full-Year 2025 Results
    Results
  8. Plains All American Reports Third-Quarter 2025 Results and
    Results
  9. Plains to Acquire 55% Interest in EPIC Crude
    Update
  10. Plains All American Reports Second-Quarter 2025 Results
    Results
  11. Plains All American Executes Definitive Agreements
    Update
  12. Plains All American Reports First-Quarter 2025 Results
    Results
  13. Plains All American Reports Fourth-Quarter and Full-Year 2024 Results;
    Results
  14. Plains All American Announces Bolt-on Acquisitions,
    News
  15. Plains All American Reports Third-Quarter 2024 Results
    Results