PLAINS ALL AMERICAN PIPELINE LP(PAA)— Stock Profile, AI Score & Financials
Energy · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
PLAINS ALL AMERICAN PIPELINE LP (PAA) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores PAA at 59.1/100 on a 32-signal composite quality model, placing it at rank #947 of 2,961 stocks — the top half of the AI-ranked universe. PAA scores in the top quartile across revenue scale (97.0), balance sheet strength (82.2). Areas of concern include earnings quality (21.0) and revenue growth (39.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), PLAINS ALL AMERICAN PIPELINE LP reports quarterly revenue of $17.7B, net income of $1.8B, an operating margin of 2.3%. Top institutional holders of PAA by reported 13-F value include ALPS ADVISORS, Invesco Ltd., Blackstone, based on the most recent SEC filings. PAA trades on the Nasdaq exchange and files with the SEC under CIK 1070423. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PAA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PLAINS ALL AMERICAN PIPELINE LP directly from SEC EDGAR.
AI Quality Score
59.1/100
AI Rank
#947
Revenue
$17.7B
Net Income
$1.8B
Free Cash Flow
$817.0M
Operating Margin
2.3%
PAA key financials by period
PLAINS ALL AMERICAN PIPELINE LP reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$44.3B
$1.4B
3.2%
FY 2024
10-K
$48.9B
$772.0M
1.8%
FY 2023
10-K
$47.3B
$1.2B
2.7%
FY 2022
10-K
$57.3B
$1.0B
2.3%
FY 2021
10-K
$42.1B
$593.0M
2.0%
FY 2020
10-K
$23.3B
$-2.6B
-10.2%
Institutions holding PAA
Institutional investors reporting a position in PLAINS ALL AMERICAN PIPELINE LP on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-10 — Q2 FY2026 (six months ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
PAA reported $30.2B in total revenues for H1 2026, up 36% YoY, driven by higher crude oil volumes and commodity prices; Q2 net income surged to $1.8B including $1.6B gain on Canadian NGL Business divestiture completed May 12, 2026.
Biggest Revenue Drivers
Crude Oil segment$30.3B+37% YoY
Higher crude oil sales volumes and commodity prices; contributions from Cactus III acquisition; volume growth across pipeline systems
NGL segment$61M-9% YoY
NGL storage and terminalling services from U.S. facilities; Canadian NGL Business divested May 12, 2026
Biggest Revenue Drivers
Total revenue: $30.2B+36% YoY
Crude Oil segment$30.3B+37% YoY
Higher crude oil sales volumes and commodity prices; contributions from Cactus III acquisition; volume growth across pipeline systems
NGL segment$61M-9% YoY
NGL storage and terminalling services from U.S. facilities; Canadian NGL Business divested May 12, 2026
Largest Expense Items
Purchases and related costs$28.0B+38% YoY
Increased due to higher crude oil volumes and commodity prices; primarily indexed to NYMEX Light Sweet crude oil futures
Field operating costs$628M+7% YoY
Higher volumes, property taxes, environmental remediation; partially offset by lower employee costs from trucking operations divestiture
General and administrative expenses$192M+14% YoY
Acceleration of exit costs for Canadian NGL Business divestiture; partially offset by lower information systems costs
Depreciation and amortization$486M+4% YoY
Increased due to recently completed acquisitions including Cactus III
Margins: Segment Adjusted EBITDA from continuing operations was $1.3B for H1 2026 vs. $1.1B in H1 2025, a 12% increase, reflecting volume growth and acquisition contributions. Equity earnings in unconsolidated entities decreased 9% YoY to $178M, partly offset by improved derivative activity. Operating margin improvement was driven by Permian Basin volume growth and optimization initiatives.
Watch Items from the Filing
Canadian NGL Business divestiture generated $1.6B gain but created $311M current income tax expense and $217M deferred tax benefit in H1 2026 from restructuring; closing of sale on May 12, 2026 triggered $1.1B term loan repayment and $750M senior note redemption.
Line 901 incident (2015 crude oil release) has accumulated $870M in total estimated costs through June 2026; remaining gross liability $23M with ongoing lawsuits and legal costs expected; collected $295M of $500M available insurance.
Canadian Competition Bureau filed lawsuit May 5, 2026 challenging Keyera acquisition of Canadian NGL Business on competition grounds; Keyera primarily responsible for defense; PAA does not expect material adverse effect.
Permian JV, Cactus II, and Red River represent 35%, 30%, and 33% noncontrolling interests; distributions to noncontrolling interests totaled $205M for H1 2026; leverage reductions from divestiture proceeds provide financial flexibility.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
