profit from every $100 of sales.
$0$100
Plains All American Pipeline, L.P.
$24.44+0.53% today
+47.6% in 1 year
1-year low $16.561-year high $26.92
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $12.43 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Plains All American Pipeline, L.P. sold, what it kept, and what it did with the cash.
Sales went from $57.3 billion in 2022 to $44.3 billion in 2025, with $1.39 billion of profit last year.
SalesProfit
Plains All American Pipeline, L.P. handed back 71% of the cash it generated last year.
$1.3B
Free cash flow 2025$2.3B
Bought back its own shares$341M
Paid as dividends$1.3B
Cash vs. debt$328M vs. $11.5B
Plains All American Pipeline, L.P. vs. similar companies
Plains All American Pipeline, L.P. grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Plains All American Pipeline, L.P. | 12.4× · Cheap | ||
 Enbridge | 20.2× · Fair price | ||
 The Williams Companies | 33.0× · Expensive | ||
 Enterprise Products Partners L.P. | 14.2× · Cheap | ||
 Kinder Morgan | 23.3× · Fair price |
Compare Plains All American Pipeline, L.P. with Enbridge · MPLX LP
AI analysis
An AI analyst reads Plains All American Pipeline, L.P.'s last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 23,290 | 42,078 | 57,342 | 47,336 | 48,889 | 44,262 | |
| – | – | 1,886 | 1,405 | 1,355 | 1,722 | |
| -2,375 | 851 | 1,561 | 1,106 | 1,027 | 1,380 | |
| -1,510 | 1,920 | 2,787 | 2,666 | 2,300 | 2,908 | |
| -2,590 | 593 | 1,037 | 1,230 | 772 | 1,392 | |
| – | – | 1.19 | 1.40 | 0.73 | 1.66 | |
| – | – | 3.3% | 3.0% | 2.8% | 3.9% | |
| -10.2% | 2.0% | 2.7% | 2.3% | 2.1% | 3.1% | |
| -11.1% | 1.4% | 1.8% | 2.6% | 1.6% | 3.1% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 24,497 | 28,609 | 27,892 | 27,355 | 26,562 | 30,169 |
| Cash | 22 | 449 | 401 | 450 | 348 | 328 |
| Total debt | 10,608 | 9,636 | 8,754 | 8,025 | 7,810 | 11,461 |
| Total liabilities | – | – | 14,567 | 13,623 | 13,466 | 17,089 |
| – | – | 0 | 0 | 0 | 0 | |
| – | – | 701 | 699 | 702 | 704 | |
| – | – | 16.4% | 17.3% | 14.2% | 13.5% | |
| – | – | – | – | – | – |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,514 | 1,996 | 2,408 | 2,727 | 2,490 | 2,936 | |
| 738 | 336 | 455 | 408 | 448 | 643 | |
| 776 | 1,660 | 1,953 | 2,319 | 2,042 | 2,293 | |
| Dividends paid | – | – | 782 | 989 | 1,145 | 1,295 |
| 50 | 178 | 74 | 0 | 0 | 341 | |
| 15 | 23 | 40 | 50 | 50 | 49 |
Valuation
- 12.4×
- 15.2×
- –
- 1.7×
- 0.4×
- 7.5×
- 9.8×
- 13.3%
- 8.0%
- 7.0%
Profitability
- 3.9%
- 3.1%
- 3.1%
- 5.8%
- 5.2%
- 5.3%
- 11.8%
- 3.6%
- 5.3%
- –
Growth
- +13.7%
- –
- +22.6%
- +11.1%
- −0.4%
Financial health
- 4.3×
- 1.21
- 36.6%
- 2.3×
- 0.94
- 0.88
- 1.43
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 33%of 467
Bottom 19%of 466
Top 30%of 387
Top 22%of 461
Top 13%of 460
What analysts expect
- Average price target
- $22.83
- Range
- $21.00 – $25.00
- 4 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 8, 2026 | 0.39 | 0.41 | −4.9% |
| Feb 6, 2026 | 0.40 | 0.47 | −14.9% |
| Nov 5, 2025 | 0.39 | 0.36 | +9.9% |
| Aug 8, 2025 | 0.36 | 0.32 | +11.0% |
| May 9, 2025 | 0.39 | 0.44 | −10.5% |
| Feb 7, 2025 | 0.42 | 0.40 | +5.0% |
| Nov 8, 2024 | 0.37 | 0.31 | +19.3% |
| Aug 2, 2024 | 0.31 | 0.31 | +0.0% |
7.0%of the share price, paid each year
On $1,000 invested$70a year at today's yield, before tax
+11.1%2020 to 2025
Raised4 yearsin a row, in our data
Paid per share, each year
$2.76 in 2015 → $1.52 in 2025
How safe it looks
93.0% of its profit
Room to growStretchedMore than it earns: 56.5%
News
Plains All American Pipeline prices $1.5B debt deal to redeem preferred unitsSeeking Alpha · Sep 9, 2026The newest story we have is from Sep 9, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
45No pass
Benjamin Graham
65Pass
Philip Fisher
41No pass
Peter Lynch
50No pass
Joel Greenblatt
36No pass
Charlie Munger
26No pass
Terry Smith
34No pass
Questions about Plains All American Pipeline, L.P.
Is Plains All American Pipeline, L.P. a good stock to buy?
A business with weak numbers, and the price looks low. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Plains All American Pipeline, L.P. AI analysis
What does Plains All American Pipeline, L.P. do?
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. It is in Oil & Gas Midstream, based in Houston, TX, United States, with 3,900 employees.
Does Plains All American Pipeline, L.P. pay a dividend?
Yes. At today's price the dividend is 7.0% a year, about 93% of its yearly profit. In 2025 it paid out $1.30 billion in dividends.
Is Plains All American Pipeline, L.P. stock halal?
No. Plains All American Pipeline, L.P. does not pass our halal screen: its debt is 67% of its market value, at or above the 33% limit. How we check
How has Plains All American Pipeline, L.P. stock done over the past year?
Up 47.6% over the past twelve months, to $24.44. It traded between $16.56 and $26.92 and is 9.2% below its high.
Who are Plains All American Pipeline, L.P.'s competitors?
The largest listed companies in the same industry are Enbridge, The Williams Companies, Enterprise Products Partners L.P. and Kinder Morgan. The peers table on this page compares their profit, growth and price with Plains All American Pipeline, L.P.'s.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.