Plains All American Pipeline LP (PAA) stock
PAANasdaqPipe Lines (No Natural Gas)Fiscal year ends December 31Also trades as PAAPU
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 12/3040% below fair value
$24.31+0.17 (+0.70%)
Close on Nov 12, 2026Market cap $17.15BP/E –Yield –
Plains All American Pipeline LP gross margin
Gross margin is gross profit as a percentage of revenue.
Plains All American Pipeline LP's gross margin for the twelve months ending Sep 30, 2026 was 7.6%. For fiscal 2025 it was 8.7%, against 7.6% the year before. The highest annual figure on record is 14.8% in fiscal 2015.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 8.7% | +1.0 |
| FY2024 | Dec 31, 2024 | 7.6% | +0.4 |
| FY2023 | Dec 31, 2023 | 7.2% | −0.1 |
| FY2022 | Dec 31, 2022 | 7.3% | −1.2 |
| FY2021 | Dec 31, 2021 | 8.5% | −3.8 |
| FY2020 | Dec 31, 2020 | 12.3% | −0.2 |
| FY2019 | Dec 31, 2019 | 12.5% | +0.0 |
| FY2018 | Dec 31, 2018 | 12.5% | +0.2 |
| FY2017 | Dec 31, 2017 | 12.3% | −2.3 |
| FY2016 | Dec 31, 2016 | 14.6% | −0.2 |
| FY2015 | Dec 31, 2015 | 14.8% | +9.5 |
| FY2014 | Dec 31, 2014 | 5.3% | +0.1 |
| FY2013 | Dec 31, 2013 | 5.1% | −0.0 |
| FY2012 | Dec 31, 2012 | 5.1% | +0.6 |
| FY2011 | Dec 31, 2011 | 4.6% | +0.6 |
| FY2010 | Dec 31, 2010 | 4.0% | −1.6 |
| FY2009 | Dec 31, 2009 | 5.6% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 7.5% | −1.0 |
| Q2 FY2026 | Jun 30, 2026 | 6.4% | −1.9 |
| Q1 FY2026 | Mar 31, 2026 | 7.8% | −0.5 |
| Q4 FY2025 | Dec 31, 2025 | 9.4% | +1.4 |
| Q3 FY2025 | Sep 30, 2025 | 8.6% | +1.2 |
| Q2 FY2025 | Jun 30, 2025 | 8.3% | +1.1 |
| Q1 FY2025 | Mar 31, 2025 | 8.4% | +2.2 |
| Q4 FY2024 | Dec 31, 2024 | 8.0% | +4.8 |
| Q3 FY2024 | Sep 30, 2024 | 7.4% | −0.6 |
| Q2 FY2024 | Jun 30, 2024 | 7.2% | −1.9 |
| Q1 FY2024 | Mar 31, 2024 | 6.2% | −2.0 |
| Q4 FY2023 | Dec 31, 2023 | 3.2% | −4.2 |
| Q3 FY2023 | Sep 30, 2023 | 8.0% | −0.8 |
| Q2 FY2023 | Jun 30, 2023 | 9.1% | +2.8 |
| Q1 FY2023 | Mar 31, 2023 | 8.2% | +1.6 |
| Q4 FY2022 | Dec 31, 2022 | 7.4% | −2.1 |
| Q3 FY2022 | Sep 30, 2022 | 8.8% | +2.3 |
| Q2 FY2022 | Jun 30, 2022 | 6.3% | −0.2 |
| Q1 FY2022 | Mar 31, 2022 | 6.6% | −5.2 |
| Q4 FY2021 | Dec 31, 2021 | 9.5% | +0.5 |
| Q3 FY2021 | Sep 30, 2021 | 6.5% | −5.9 |
| Q2 FY2021 | Jun 30, 2021 | 6.6% | −15.1 |
| Q1 FY2021 | Mar 31, 2021 | 11.8% | +0.9 |
| Q4 FY2020 | Dec 31, 2020 | 8.9% | −1.1 |
| Q3 FY2020 | Sep 30, 2020 | 12.4% | −0.6 |
| Q2 FY2020 | Jun 30, 2020 | 21.7% | +9.5 |
| Q1 FY2020 | Mar 31, 2020 | 10.9% | −4.1 |
| Q4 FY2019 | Dec 31, 2019 | 10.1% | −10.8 |
| Q3 FY2019 | Sep 30, 2019 | 13.1% | +1.4 |
| Q2 FY2019 | Jun 30, 2019 | 12.2% | +5.7 |
| Q1 FY2019 | Mar 31, 2019 | 15.0% | +4.5 |
| Q4 FY2018 | Dec 31, 2018 | 20.8% | +9.5 |
| Q3 FY2018 | Sep 30, 2018 | 11.6% | +2.4 |
| Q2 FY2018 | Jun 30, 2018 | 6.5% | −5.9 |
| Q1 FY2018 | Mar 31, 2018 | 10.5% | −5.6 |
| Q4 FY2017 | Dec 31, 2017 | 11.3% | −0.8 |
| Q3 FY2017 | Sep 30, 2017 | 9.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 12.5% | – |
| Q1 FY2017 | Mar 31, 2017 | 16.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 12.1% | – |
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