Plains All American Pipeline, L.P. (PAA) Stock: Price, Forecast & Analyst Target
Plains All American Pipeline, L.P. (PAA) — MoonshotScore 78/100 (Strong band), calculated Oct 5, 2026. Price $23.91 (+0.67%), as of the Oct 5, 2026 trading session; market cap $16.9B. Expected results Nov 6, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 15.96× (market value Oct 5, 2026; cash Jun 30, 2026) · expected results Nov 6, 2026
Plains All American Pipeline, L.P. · PAA · NASDAQ · Energy · Oil & Gas Midstream
Research dated 2026-09-12: Plains All American Pipeline is a crude oil and natural gas liquids logistics partnership, not merely a pipeline toll collector. It gathers, transports, stores, processes and sells hydrocarbons, with product sales dominating reported revenue over service fees. The case rests on whether cash left after capital spending can support distributions and financial flexibility as Permian activity and asset transactions alter the operating base.
Price as of Oct 5, 2026
Key Statistics
MoonshotScore v2 · Plains All American Pipeline, L.P. (PAA)
StrongWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
Dirt-cheap with the market already moving on it, but a middling balance sheet. Business Quality: Average; Financial Safety: Okay; Valuation: Cheap; Growth Durability: Growing; Momentum: Rising.
- quarterly revenue $17.69B (Q2 FY2026, quarter ended Jun 2026)
- EPS beat 6 of 8
- Altman Z 2.73 · Piotroski F 6
Helping: an attractive price, positive momentum
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 78 | Strong | |
| 78 | Strong | |
| 78 | Strong | |
| 78 | Strong | |
| 78 | Strong | |
| 78 | Strong |
The score was 78 in the stored Oct 4, 2026 snapshot and remains 78 in the current publication computed Oct 5, 2026 (0); the largest pillar moves were Valuation +1 and Momentum -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $23.91 | |
| Change on the day | +0.67% | |
| 52-week range | $15.69–$26.39 | |
| Market capitalisation | $16.9B | |
| Price / earnings (trailing) | 6.58 | |
| Shares traded on the day | 1.72M | |
| Beta (volatility vs the S&P 500) | 0.49 | |
| Dividends per share (last 12 months) | $1.63 | |
| Dividend yield (last 12 months) | 6.87% |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · above the recorded estimate
- · Earnings results · below the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings call · management outlook
- · Earnings results · above the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
With regard to Permian production, we now expect approximately 100,000 to 200,000 barrels a day of growth in 2026 versus 2025 on an exit-to-exit basis.
Wilfred Chiang · Statement from
As illustrated on Slide 9, we expect to generate approximately $1.75 billion of free cash flow in 2026 and return significant capital to unitholders while maintaining financial flexibility.
Al Swanson · Statement from
Chronological order, not a duration scale. Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Plains All American Pipeline, L.P. (PAA): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
5-Factor Breakdown
Legends Council
6 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 24, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 11, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 11, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.
Readings on this page are from Oct 6, 2026, except a card that shows its own read date.
Watch the PAA film — every key number, told as a short cinematic story
~2 min · open the film
What is Plains All American Pipeline, L.P. (PAA), and what does it report?
Short answer · as of
Plains moves crude through pipelines, trucks, barges and railcars, while providing gathering, terminal and storage services alongside merchant activity.
Research dated 2026-09-12.
Plains moves crude through pipelines, trucks, barges and railcars, while providing gathering, terminal and storage services alongside merchant activity. Its natural gas liquids business adds processing, fractionation, storage, transportation and terminal operations across products used as heating, engine and industrial fuels.
Reported revenue therefore combines product sales with service income. Product sales supply the overwhelming majority of the top line, so revenue is not a clean proxy for pipeline throughput, fee income or operating profitability; margins and cash generation provide essential context.
What do the latest results show for Plains All American Pipeline, L.P. (PAA)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $17.69B.
Research dated 2026-09-12.
The latest reported period delivered a sharp sequential expansion in revenue, gross profit, operating result and net result. Operating cash flow strengthened as well, while capital spending changed comparatively little. The corresponding earnings release also cleared the prevailing sales and earnings estimates.
This improvement follows an annual period when revenue declined but net result increased, reinforcing that commodity product sales and economic output do not move in lockstep. Management separately expects Permian production to expand and projects substantial free cash flow; those statements frame potential throughput and capital-return capacity but do not explain the latest profit jump.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $17.69B Jun 30, 2026
- Latest quarter · SG&A
- $110.00M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- $398.00M Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $17.69B | Not available | $110.00M | $398.00M |
| Mar 31, 2026 | $12.38B | Not available | $81.00M | $265.00M |
| Dec 31, 2025 | $10.56B | Not available | $98.00M | $354.00M |
| Sep 30, 2025 | $11.58B | Not available | $83.00M | $484.00M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $17.69B Aug 7, 2026
- Latest report · revenue estimate
- $12.72B Aug 7, 2026
- Latest report · revenue vs estimate
- Above estimate Aug 7, 2026
- Latest report · EPS vs estimate
- Above estimate Aug 7, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Aug 7, 2026 | $17.69B | $12.72B | $0.4100 | $0.3816 |
| May 8, 2026 | $12.47B | $12.02B | $0.3900 | $0.3674 |
| Feb 6, 2026 | $10.56B | $12.85B | $0.4000 | $0.4700 |
| Nov 5, 2025 | $11.58B | $12.52B | $0.3900 | $0.3550 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $17.69B | $1.83B | $2.51 (diluted) |
| Q1 FY2026 | $12.38B | $152M | $0.14 (diluted) |
| Q4 FY2025 | $10.56B | $342M | $0.41 (diluted) |
| Q3 FY2025 | $11.58B | $441M | $0.55 (diluted) |
What are the financial strengths and risks for Plains All American Pipeline, L.P. (PAA)?
Short answer
Cash and short-term investments were $1.06B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $955.00M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-12.
Operating cash flow exceeded capital outlays throughout the displayed history, leaving positive internally generated cash after investment. Recent distributions increased and then remained steady, while management says it expects to return significant capital without surrendering financial flexibility.
Debt nevertheless stands far above cash and short-term investments, and near-term liquidity ratios sit only modestly above parity. Long-term investments lift the broader cash-and-investments balance, but their classification is unclassified and they should not be treated as interchangeable with readily available cash.
A contraction in crude or natural gas liquids movement would weaken the activity feeding Plains’ logistics network, while softer merchant economics could pressure a top line dominated by product sales. Leverage makes sustained cash conversion especially important when operating conditions or capital needs become less favorable.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $955.00M Jun 30, 2026
- Previous quarter · operating cash flow
- $418.00M Mar 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | $955.00M | −$138.00M |
| Mar 31, 2026 | $418.00M | −$130.00M |
| Dec 31, 2025 | $786.00M | −$148.00M |
| Sep 30, 2025 | $817.00M | −$185.00M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Plains All American Pipeline, L.P. (PAA)?
Short answer · as of
The next earnings report is expected on Nov 6, 2026.
Research dated 2026-09-12.
At the upcoming report, watch whether the latest expansion in revenue, operating profit and operating cash flow persists. Cash remaining after capital spending matters more than revenue alone because it must coexist with distributions, debt obligations and management’s capital-return plans.
Management’s Permian expectation needs to translate into greater logistics activity, while its free-cash-flow outlook requires continued conversion across subsequent reporting periods. Recent filings also document completed asset transactions, making post-transaction operating profit and cash generation useful markers of whether the operating base has improved.
Long-range revenue estimates span a wide range. That dispersion fits a business whose reported sales are dominated by products, and it argues for tracking margins and cash output alongside any top-line comparison.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
With regard to Permian production, we now expect approximately 100,000 to 200,000 barrels a day of growth in 2026 versus 2025 on an exit-to-exit basis.
Wilfred Chiang ·
As illustrated on Slide 9, we expect to generate approximately $1.75 billion of free cash flow in 2026 and return significant capital to unitholders while maintaining financial flexibility.
Al Swanson ·
How does Plains All American Pipeline, L.P. compare with its peers?
Short answer
Plains All American Pipeline, L.P.'s score ranks 5th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-12.
Plains differs from a pipeline operator reported mainly through transportation fees: it is a broader physical logistics and merchant platform. Crude can travel through pipelines, trucks, barges and railcars, while the natural gas liquids operation processes, fractionates, stores, transports and terminals several hydrocarbon products.
Product sales vastly outweigh service revenue, producing a large top line beside comparatively narrow reported margins. Similar-business comparisons therefore become more informative when they examine operating profit and cash generated after capital spending rather than treating revenue scale or a sales multiple as sufficient.
| Company | Price | Market value | Score |
|---|---|---|---|
| $53.75 Oct 5, 2026 | $12.0B | 99 5-pillar Oct 5, 2026 | |
| $116.60 Oct 5, 2026 | $5.62B | 99 5-pillar Oct 5, 2026 | |
| $63.26 Oct 5, 2026 | $29.7B | 84 5-pillar Oct 5, 2026 | |
| $26.18 Oct 5, 2026 | $5.16B | 84 5-pillar Oct 5, 2026 | |
| Plains All American Pipeline, L.P. (PAA) — this page | $23.91 | $16.9B | 78 |
| $38.41 Oct 5, 2026 | $7.80B | 77 5-pillar Oct 5, 2026 | |
| $45.59 Oct 5, 2026 | $18.5B | 68 5-pillar Oct 5, 2026 | |
| $20.56 Oct 5, 2026 | $9.66B | 67 5-pillar Oct 5, 2026 | |
| $40.87 Oct 5, 2026 | $14.7B | 65 5-pillar Oct 5, 2026 | |
| $122.12 Oct 5, 2026 | $12.5B | 63 5-pillar Oct 5, 2026 | |
| $51.24 Oct 5, 2026 | $19.5B | 59 5-pillar Oct 5, 2026 | |
| $88.58 Oct 5, 2026 | $55.8B | 59 5-pillar Oct 5, 2026 | |
| $46.11 Oct 5, 2026 | $26.9B | 56 5-pillar Oct 5, 2026 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $24.00 – $30.00
- Consensus target
- $26.22
- Median target
- $26.00
Consensus record · Captured .
Measured against a quoted price of $23.91 (as of Oct 5, 2026).
Insider activity
Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026
- Transactions
- 32
- Identified insiders
- 9
- Purchases
- 0
- Sales
- 1
- Other transactions
- 31
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 41.0% Period end Jun 30, 2026
- Previous quarter · ownership
- 40.4% Prior to period end Jun 30, 2026
- Reporting holders
- 438 Period end Jun 30, 2026
- Previous quarter · holders
- 424 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Alps Advisors INC | 70,510,853 |
| Invesco Ltd. | 33,326,777 |
| Blackstone INC. | 20,183,446 |
| Mirae Asset Global Etfs Holdings Ltd. | 17,708,480 |
| Goldman Sachs Group INC | 15,960,527 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Plains All American Pipeline, L.P. (PAA)?
- Is Plains All American Pipeline (PAA) Undervalued As Investors Weigh Its Income Against A Rich P/E?
- UBS Adjusts Price Target on Plains All American Pipeline to $28 From $27, Maintains Buy Rating
- UBS Maintains Buy on Plains All American, Raises Price Target to $28
- Barclays Maintains Underweight on Plains All American, Raises Price Target to $24
PAA Energy Stock FAQ
Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.
Why can Plains All American revenue diverge from pipeline profitability?
Product sales dominate reported revenue, while the company also earns from transportation, storage, terminal and related services. Changes in the product top line can therefore outpace changes in operating profit or cash generation.
How does Permian production affect Plains All American?
Plains gathers and transports crude oil, so Permian production can enlarge the volume available to its logistics system. Management expects regional production growth, making actual activity through the network the relevant confirmation.
What does the Plains All American natural gas liquids business do?
The natural gas liquids operation processes and fractionates hydrocarbons, then stores, transports and terminals products used in heating, engines and industrial applications. It extends Plains beyond crude transportation into physical handling across the liquids chain.
Can Plains All American return capital while carrying substantial debt?
Displayed operating cash flow has consistently exceeded capital spending, and management expects meaningful free cash flow alongside capital returns. Debt remains much larger than cash and short-term investments, so continued cash conversion is central to preserving that flexibility.
What is the PAA stock price today?
The last price recorded on this page for Plains All American Pipeline, L.P. (PAA) is $23.91, as of the Oct 5, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the PAA price target?
The analyst consensus price target for Plains All American Pipeline, L.P. (PAA) is $26.22 (range $24.00 to $30.00, median $26.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Does PAA pay a dividend?
Yes. Plains All American Pipeline, L.P. (PAA) shows a trailing 12-month dividend yield of 6.87%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (81 figures)
The 81 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 2 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | Wilfred Chiang (Aug 7, 2026): With regard to Permian production, we now expect approximately 100,000 to 200,000 barrels a day of growth in 2026 versus 2025 on an exit-to-exit basis. Al Swanson (Aug 7, 2026): As illustrated on Slide 9, we expect to generate approximately $1.75 billion of free cash flow in 2026 and return significant capital to unitholders while maintaining financial flexibility. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | 333 Clay Street, Suite 1600, Houston, TX, 77002 | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "333 Clay Street, Houston, TX, 77002, US". |
FMP — 70 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Nov 6, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $23.91 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T21:44:32.482Z. | |
px.change | Change on the day | +0.67% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $16.9B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-05. FMP quote timestamp: 2026-10-05T20:00:00.000Z. Captured from FMP at 2026-10-05T21:44:30.348Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$0.16 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q2 FY2026 | $17.69B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.range52 | 52-week range | $15.69–$26.39 | FMP | Financial Modeling Prep (FMP) quote | |
px.pe | Price / earnings (trailing) | 6.58 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 1.72M | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 0.49 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | Willie Chiang | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 3,900 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2021 through FY2025: FY2021 revenue $42.08B, net result $593.00M; FY2022 revenue $57.34B, net result $1.04B; FY2023 revenue $48.71B, net result $1.23B; FY2024 revenue $50.07B, net result $772.00M; FY2025 revenue $44.26B, net result $1.44B | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Product $42.50B · Service $1.76B | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 4.5% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $17.69B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $110.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | $398.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.revenue_k | Revenue — period end 2026-03-31 | $12.38B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.sga_k | SG&A — period end 2026-03-31 | $81.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.operating_result_k | FMP standardized operating result — period end 2026-03-31 | $265.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.revenue_k | Revenue — period end 2025-12-31 | $10.56B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.sga_k | SG&A — period end 2025-12-31 | $98.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.operating_result_k | FMP standardized operating result — period end 2025-12-31 | $354.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.revenue_k | Revenue — period end 2025-09-30 | $11.58B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.sga_k | SG&A — period end 2025-09-30 | $83.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.operating_result_k | FMP standardized operating result — period end 2025-09-30 | $484.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-08-07.revenue_actual | Revenue · reported — report date 2026-08-07 | $17.69B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-07.revenue_estimated | Revenue · estimate — report date 2026-08-07 | $12.72B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-07.eps_actual | EPS · reported — report date 2026-08-07 | $0.4100 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-07.eps_estimated | EPS · estimate — report date 2026-08-07 | $0.3816 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-08.revenue_actual | Revenue · reported — report date 2026-05-08 | $12.47B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-08.revenue_estimated | Revenue · estimate — report date 2026-05-08 | $12.02B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-08.eps_actual | EPS · reported — report date 2026-05-08 | $0.3900 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-08.eps_estimated | EPS · estimate — report date 2026-05-08 | $0.3674 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-06.revenue_actual | Revenue · reported — report date 2026-02-06 | $10.56B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-06.revenue_estimated | Revenue · estimate — report date 2026-02-06 | $12.85B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-06.eps_actual | EPS · reported — report date 2026-02-06 | $0.4000 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-06.eps_estimated | EPS · estimate — report date 2026-02-06 | $0.4700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-05.revenue_actual | Revenue · reported — report date 2025-11-05 | $11.58B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-05.revenue_estimated | Revenue · estimate — report date 2025-11-05 | $12.52B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-05.eps_actual | EPS · reported — report date 2025-11-05 | $0.3900 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-05.eps_estimated | EPS · estimate — report date 2025-11-05 | $0.3550 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $1.06B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $955.00M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $2.82B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $8.63B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 1.51× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | $955.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.operating_cash_flow_m | Operating cash flow — period end 2026-03-31 | $418.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-06-30.capex_m | Capital expenditure (reported) — period end 2026-06-30 | −$138.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.capex_m | Capital expenditure (reported) — period end 2026-03-31 | −$130.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.operating_cash_flow_m | Operating cash flow — period end 2025-12-31 | $786.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.capex_m | Capital expenditure (reported) — period end 2025-12-31 | −$148.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.operating_cash_flow_m | Operating cash flow — period end 2025-09-30 | $817.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.capex_m | Capital expenditure (reported) — period end 2025-09-30 | −$185.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $24.00 – $30.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $26.22 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $26.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 32 transactions · 0 purchases, 1 sales, 31 other transactions · 9 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.ownership_pct | Institutional ownership | 41.0% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.ownership_pct_previous_quarter | Previous quarter · ownership | 40.4% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 438 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 424 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Alps Advisors INC — shares in provider snapshot | 70,510,853 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Invesco Ltd. — shares in provider snapshot | 33,326,777 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Blackstone INC. — shares in provider snapshot | 20,183,446 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | Mirae Asset Global Etfs Holdings Ltd. — shares in provider snapshot | 17,708,480 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Goldman Sachs Group INC — shares in provider snapshot | 15,960,527 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 2 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 6 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-10-02 · Expired observation | |
fin.scores | Distress and quality screens | Altman Z 2.73 · Piotroski F 6 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-03 · Expired observation |
COMPUTED — 5 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 15.96× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $1.06B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-05. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
div.ttm_per_share | Dividends per share, last 12 months (split-adjusted) | $1.63 | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-05, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate. | |
div.ttm_yield | Dividend yield, last 12 months | 6.87% | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate. | |
earn.history.depth.2026-08-07.revenue_actual.comparison | Latest report · revenue vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($17.69B) with the recorded estimate ($12.72B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-08-07.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.4100) with the recorded estimate ($0.3816) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 2 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 78 of 100 · Strong · pillars 55 / 47 / 96 / 65 / 78 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.moonshot_change | MoonshotScore movement | 78 (stored snapshot Oct 4, 2026) → 78 (current publication computed Oct 5, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2026-03-31.revenue_k,fin.q_table.depth.2026-03-31.sga_k,fin.q_table.depth.2026-03-31.operating_result_k,fin.q_table.depth.2025-12-31.revenue_k,fin.q_table.depth.2025-12-31.sga_k,fin.q_table.depth.2025-12-31.operating_result_k,fin.q_table.depth.2025-09-30.revenue_k,fin.q_table.depth.2025-09-30.sga_k,fin.q_table.depth.2025-09-30.operating_result_k. - Earnings-history note. Source series as of 2026-08-07. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-08-07.revenue_actual,earn.history.depth.2026-08-07.revenue_estimated,earn.history.depth.2026-08-07.revenue_actual.comparison,earn.history.depth.2026-08-07.eps_actual.comparison,earn.history.depth.2026-08-07.eps_actual,earn.history.depth.2026-08-07.eps_estimated,earn.history.depth.2026-05-08.revenue_actual,earn.history.depth.2026-05-08.revenue_estimated,earn.history.depth.2026-05-08.eps_actual,earn.history.depth.2026-05-08.eps_estimated,earn.history.depth.2026-02-06.revenue_actual,earn.history.depth.2026-02-06.revenue_estimated,earn.history.depth.2026-02-06.eps_actual,earn.history.depth.2026-02-06.eps_estimated,earn.history.depth.2025-11-05.revenue_actual,earn.history.depth.2025-11-05.revenue_estimated,earn.history.depth.2025-11-05.eps_actual,earn.history.depth.2025-11-05.eps_estimated. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2026-03-31.operating_cash_flow_m,fin.opcf.depth.2026-06-30.capex_m,fin.opcf.depth.2026-03-31.capex_m,fin.opcf.depth.2025-12-31.operating_cash_flow_m,fin.opcf.depth.2025-12-31.capex_m,fin.opcf.depth.2025-09-30.operating_cash_flow_m,fin.opcf.depth.2025-09-30.capex_m.
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Sources used for research written 2026-09-12
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Legal name | PLAINS ALL AMERICAN PIPELINE LP Our market-data provider lists the name as "Plains All American Pipeline, L.P."; the filer's own record is used here. | 2026-02-27 | OFFICIAL | SEC EDGAR — 10-K filed 2026-02-27 |
| Business description | 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 through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, trucks, and on barges or railcars. This segment provides terminalling, storage, and other related services, as well as merchant activities. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminaling. This segment also includes ethane, propane, normal butane, iso-butane, and natural gasoline derived from natural gas production and processing activities, as well as crude oil refining processes. Its NGL components are used for various applications, such as heating, engine, and industrial fuels.The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Revenue by segment | Product: $42.50B; Service: $1.76B | 2025-12-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Management outlook — dated call excerpts | Captured record · 2 entries
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-08-07 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Recent SEC filings |
| 2026-09-10 | OFFICIAL | SEC EDGAR filer submissions |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Trailing twelve-month ratio set | Quick ratio: 1.1; Current ratio: 1.12; Debt to equity: 0.78; Net margin: 5.3%; Gross margin: 4.5%; Operating margin: 2.9%; Return on assets: 9.5%; Return on equity: 27.5% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-08-07 | FMP | Financial Modeling Prep (FMP) earnings |
| Recent dividends paid | Captured record · 4 entries
Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here. | 2026-07-31 | FMP | Financial Modeling Prep (FMP) dividend history |
| Cash, investments and debt | Total debt: $8.63B; Liquidity basis: cash and short-term investments; Total liabilities: $14.93B; Cash and short-term investments: $1.06B; Cash and investments: $3.88B; Long-term investments: $2.82B; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Cash and investment components | Total basis: cash short and long-term investments; Total: $3.88B; Cash and short-term investments: $1.06B; Long-term investments: $2.82B; Long-term investments classification: unclassified Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures. | 2026-06-30 | COMPUTED | Computed from the balance sheet |
| Cash against market value | As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$7.58B; Total debt: $8.63B; Cash and investments: $1.06B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-06-30 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Next earnings report | Date: 2026-11-04; EPS estimate: $0.43 per share; Revenue estimate: $14.75B The date is our provider's estimate until the company confirms it. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-12 | FMP | Financial Modeling Prep (FMP) analyst estimates |
Data provided for informational purposes only.