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
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
289M
Shares held, 13F filers
Institutional holders
420
49 new, 30 sold out
Net institutional buying
5M
In Q2 2026
Insider trades, 12 months
0 buys · 1 sales
Net sold $51.49K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Alerian MLP ETF | 73,107,070 | 10.36% | 13G (passive) amendment | Mar 31, 2026 |
| ALPS Advisors, Inc. | 69,261,580 | 9.82% | 13G (passive) amendment | Sep 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PAA | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Alps Advisors Inc | 70,510,853 | – | $1.57B | −2,596,217 | 7.36% |
| Invesco Ltd. | 33,326,777 | – | $741.85M | −58,785 | 0.06% |
| Blackstone Inc. | 20,183,446 | – | $449.28M | +1,442,644 | 1.36% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 17,708,480 | – | $394.19M | +656,898 | 0.47% |
| Goldman Sachs Group Inc | 15,960,527 | – | $355.28M | −580,280 | 0.03% |
| Tortoise Capital Advisors, L.L.C. | 13,603,422 | – | $302.81M | +2,810,890 | 3.08% |
| Morgan Stanley | 10,887,631 | – | $242.36M | −513,407 | 0.01% |
| UBS Group AG | 10,572,985 | – | $235.35M | +1,804,581 | 0.03% |
| Kayne Anderson Capital Advisors LP | 6,191,802 | – | $137.83M | −8,834 | 2.70% |
| JPMorgan Chase & Co | 4,968,377 | – | $109.90M | +1,062,055 | 0.01% |
| Bank Of America Corp /De/ | 3,949,624 | – | $87.92M | −952,531 | 0.01% |
| CIBC Bancorp USA Inc. | 3,781,949 | – | $84.19M | +19,960 | 0.10% |
| Fractal Investments LLC | 3,625,784 | – | $80.71M | – | 9.31% |
| Berkley W R Corp | 3,184,307 | – | $70.88M | +500,000 | 3.26% |
| Infrastructure Capital Advisors, LLC | 2,995,408 | – | $66.68M | −94,584 | 3.90% |
| Miller Howard Investments Inc /Ny | 2,992,424 | – | $66.61M | +190,823 | 1.77% |
| Clearbridge Investments, LLC | 2,670,671 | – | $59.45M | – | 0.05% |
| Chickasaw Capital Management LLC | 2,616,369 | – | $58.24K | −37,316 | 2.09% |
| Bnp Paribas Arbitrage, Snc | 2,462,778 | – | $54.82M | −872,347 | 0.02% |
| BROOKFIELD Corp /ON/ | 2,422,915 | – | $53.93M | −1,268,520 | 0.07% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 420 | 289M | 49 / 124 | 106 / 30 | 15M | 10M |
| Q1 2026 | 411 | 285M | 58 / 125 | 104 / 18 | 27M | 17M |
| Q4 2025 | 374 | 279M | 39 / 134 | 87 / 30 | 15M | 16M |
| Q3 2025 | 372 | 280M | 28 / 124 | 94 / 30 | 19M | 19M |
| Q2 2025 | 381 | 281M | 39 / 139 | 78 / 36 | 20M | 32M |
| Q1 2025 | 382 | 293M | 48 / 119 | 91 / 37 | 23M | 31M |
| Q4 2024 | 381 | 302M | 46 / 123 | 89 / 27 | 36M | 33M |
| Q3 2024 | 370 | 299M | 37 / 127 | 78 / 18 | 17M | 14M |
| Q2 2024 | 357 | 298M | 33 / 109 | 93 / 29 | 29M | 51M |
| Q1 2024 | 359 | 321M | 44 / 104 | 92 / 32 | 28M | 14M |
| Q4 2023 | 349 | 307M | 48 / 101 | 98 / 33 | 35M | 19M |
| Q3 2023 | 338 | 295M | 38 / 104 | 87 / 21 | 28M | 25M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of PAA | Value | % of fund | As of |
|---|---|---|---|---|---|
| Alerian MLP ETF | 73,976,676 | – | $1.66B | 13.67% | May 31, 2026 |
| Invesco SteelPath MLP Income Fund | 21,583,333 | – | $484.11M | 10.87% | May 31, 2026 |
| Global X MLP ETF | 11,241,713 | – | $252.15M | 11.99% | May 31, 2026 |
| Goldman Sachs MLP Energy Infrastructure Fund | 7,568,290 | – | $169.76M | 9.46% | May 31, 2026 |
| Global X MLP and Energy Infrastructure ETF | 6,184,407 | – | $138.72M | 3.92% | May 31, 2026 |
| Invesco SteelPath MLP Select 40 Fund | 6,134,426 | – | $137.60M | 5.90% | May 31, 2026 |
| Kayne Anderson Energy Infrastructure Fund, Inc | 5,499,846 | – | $123.36M | 4.65% | May 31, 2026 |
| Invesco SteelPath MLP Alpha Fund | 3,694,829 | – | $82.88M | 7.28% | May 31, 2026 |
| Tortoise Energy Infrastructure Total Return Fund | 3,084,857 | – | $69.19M | 1.83% | May 31, 2026 |
| InfraCap MLP ETF | 2,847,068 | – | $69.95M | 14.83% | Jul 31, 2026 |
| Invesco SteelPath MLP Alpha Plus Fund | 1,509,384 | – | $33.86M | 10.31% | May 31, 2026 |
| NEOS MLP & Energy Infrastructure High Income ETF | 770,538 | – | $17.15M | 2.54% | Jun 30, 2026 |
| Global X SuperDividend U.S. ETF | 755,464 | – | $18.56M | 2.37% | Jul 31, 2026 |
| FT Energy Income Partners Enhanced Income ETF | 679,462 | – | $15.24M | 1.45% | May 31, 2026 |
| Tortoise North American Pipeline ETF | 464,569 | – | $10.42M | 1.24% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Willie CW Chiang | Chairman & CEO, Director | 1,396,856 | Aug 17, 2026 |
| Russell Lee Montgomery | VP, Acctg & CAO | 162,050 | Sep 10, 2026 |
| Al Swanson | EVP & CFO | 711,066 | Aug 17, 2026 |
| Richard K. McGee | EVP, General Counsel & Sec. | 672,561 | Aug 17, 2026 |
| Chris R. Chandler | EVP & COO | 882,483 | Aug 17, 2026 |
| Jeremy L. Goebel | EVP & CCO | 1,296,094 | Aug 17, 2026 |
| Chris Herbold | Sr. VP Finance & CAO | 381,682 | Aug 17, 2026 |
| John T. Raymond | Director | 8,614,401 | Sep 16, 2026 |
| GP Holdings LLC PAA | Director, 10% owner | 233,000,430 | Aug 17, 2026 |
| Gp Holdings Lp Plains | Director, 10% owner | 233,059,630 | Aug 17, 2026 |
| All American GP LLC Plains | Director, 10% owner | 245,753,122 | Aug 17, 2026 |
| Plains AAP, L.P. | Director, 10% owner | 232,653,928 | Aug 17, 2026 |
| Lawrence Michael Ziemba | Director | 0 | Jun 30, 2026 |
| Cindy B. Taylor | Director | 0 | May 20, 2026 |
| Gary R. Petersen | Director | 68,200 | Jan 10, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Al Swanson EVP & CFO | Aug 14, 2026 | Option exercise | +109,165 | – | – | 711,066 |
| Al Swanson EVP & CFO | Aug 14, 2026 | Tax withholding | −42,957 | $23.45 | $1.01M | 668,109 |
| Gp Holdings Lp Plains Director, 10% owner | Aug 14, 2026 | Award | +59,200 | – | – | 233,059,630 |
| Chris R. Chandler EVP & COO | Aug 14, 2026 | Tax withholding | −252,112 | $23.45 | $5.91M | 882,483 |
| Chris R. Chandler EVP & COO | Aug 14, 2026 | Option exercise | +500,000 | – | – | 993,904 |
| Chris R. Chandler EVP & COO | Aug 14, 2026 | Option exercise | +140,691 | – | – | 1,134,595 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2026 | Tax withholding | −42,957 | $23.45 | $1.01M | 672,561 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2026 | Option exercise | +109,165 | – | – | 715,518 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2026 | Tax withholding | −136,292 | $23.45 | $3.20M | 1,396,856 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2026 | Option exercise | +346,357 | – | – | 1,533,148 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2026 | Tax withholding | −252,112 | $23.45 | $5.91M | 388,579 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2026 | Gift | −388,579 | – | – | 0 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2026 | Gift | +388,579 | – | – | 907,515 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2026 | Option exercise | +140,691 | – | – | 640,691 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2026 | Option exercise | +500,000 | – | – | 500,000 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2026 | Option exercise | +40,609 | – | – | 381,682 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2026 | Tax withholding | −54,241 | $23.45 | $1.27M | 327,441 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2026 | Option exercise | +100,000 | – | – | 341,073 |
| Lawrence Michael Ziemba Director | Jun 29, 2026 | Sale | −2,346 | $21.95 | $51.49K | 0 |
| Chris R. Chandler EVP & COO | Aug 14, 2025 | Tax withholding | −89,665 | $17.78 | $1.59M | 493,904 |
| Chris R. Chandler EVP & COO | Aug 14, 2025 | Option exercise | +227,864 | – | – | 583,569 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2025 | Option exercise | +65,796 | – | – | 264,357 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2025 | Tax withholding | −23,284 | $17.78 | $413.99K | 241,073 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2025 | Gift | +138,199 | – | – | 518,936 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2025 | Gift | −138,199 | – | – | 0 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2025 | Option exercise | +227,864 | – | – | 227,864 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2025 | Tax withholding | −89,665 | $17.78 | $1.59M | 138,199 |
| GP Holdings LLC PAA Director, 10% owner | Aug 14, 2025 | Award | +144,500 | – | – | 233,000,430 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2025 | Option exercise | +561,055 | – | – | 1,407,567 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2025 | Tax withholding | −220,776 | $17.78 | $3.93M | 1,186,791 |
| Al Swanson EVP & CFO | Aug 14, 2025 | Option exercise | +176,731 | – | – | 671,445 |
| Al Swanson EVP & CFO | Aug 14, 2025 | Tax withholding | −69,544 | $17.78 | $1.24M | 601,901 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2025 | Tax withholding | −69,544 | $17.78 | $1.24M | 606,353 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2025 | Option exercise | +176,731 | – | – | 675,897 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2024 | Gift | −101,514 | – | – | 0 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2024 | Tax withholding | −65,864 | $17.05 | $1.12M | 101,514 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2024 | Option exercise | +167,378 | – | – | 167,378 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2024 | Gift | +101,514 | – | – | 380,737 |
| Al Swanson EVP & CFO | Aug 14, 2024 | Option exercise | +167,378 | – | – | 560,578 |
| Al Swanson EVP & CFO | Aug 14, 2024 | Tax withholding | −65,864 | $17.05 | $1.12M | 494,714 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2024 | Tax withholding | −164,714 | $17.05 | $2.81M | 846,512 |
| Willie CW Chiang Chairman & CEO, Director | Aug 14, 2024 | Option exercise | +418,585 | – | – | 1,011,226 |
| Chris R. Chandler EVP & COO | Aug 14, 2024 | Tax withholding | −65,864 | $17.05 | $1.12M | 355,705 |
| Chris R. Chandler EVP & COO | Aug 14, 2024 | Option exercise | +167,378 | – | – | 421,569 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2024 | Option exercise | +167,378 | – | – | 565,030 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2024 | Tax withholding | −65,864 | $17.05 | $1.12M | 499,166 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2024 | Tax withholding | −35,359 | $17.05 | $602.87K | 198,561 |
| Chris Herbold Sr. VP Finance & CAO | Aug 14, 2024 | Option exercise | +96,264 | – | – | 233,920 |
| Gp Holdings Lp Plains Director, 10% owner | Aug 14, 2024 | Award | +202,002 | – | – | 232,855,930 |
| Jeremy L. Goebel EVP & CCO | Nov 21, 2023 | Sale | −35,000 | $15.58 | $545.30K | 279,223 |
| Plains AAP, L.P. Director, 10% owner | Oct 13, 2023 | Other | −6,353,042 | – | – | 232,653,928 |
| Gp Holdings Lp Plains Director, 10% owner | Sep 29, 2023 | Other | −1,892,538 | – | – | 239,006,970 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2023 | Tax withholding | −67,701 | $15.25 | $1.03M | 104,345 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2023 | Gift | −104,345 | – | – | 0 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2023 | Gift | +104,345 | – | – | 314,223 |
| Jeremy L. Goebel EVP & CCO | Aug 14, 2023 | Option exercise | +172,046 | – | – | 172,046 |
| Plains AAP, L.P. Director, 10% owner | Aug 14, 2023 | Award | +139,350 | – | – | 240,899,508 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2023 | Tax withholding | −67,701 | $15.25 | $1.03M | 397,652 |
| Richard K. McGee EVP, General Counsel & Sec. | Aug 14, 2023 | Option exercise | +172,046 | – | – | 465,353 |
| Al Swanson EVP & CFO | Aug 14, 2023 | Option exercise | +172,046 | – | – | 460,901 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Family Trust Ziemba Director | Jun 29, 2026 | 2,346 | $51.49K | Jun 29, 2026 | Open Market Purchase |
| Ventures LP MGMG Officer | Nov 21, 2023 | 35,000 | $541.45K | Nov 21, 2023 | vesting of long term equity award |