Plains All American Pipeline, L.P. revenue and financials

PAA · NASDAQ · USD

$24.06+0.63%+$0.15

Close · October 6, 2026

In the fiscal year ended December 2025, Plains All American Pipeline, L.P. reported revenue of $44.26B (−9.46% year over year). Net income was $1.44B, a net margin of 3.2%.

Annual revenue · 2025: $44.26B

$20.18B2016
$26.22B2017
$34.06B2018
$33.67B2019
$23.29B2020
$42.08B2021
$57.34B2022
$47.34B2023
$48.89B2024
$44.26B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: −9.46%; 2025 vs 2024
Net income growth: +85.88%; 2025 vs 2024
Net margin: 3.2%; 2024: 1.6%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	30,169	26,562	27,355	27,892	28,609	24,497	28,677	25,511	25,351	24,210
Current assets	4,733	4,802	4,913	5,355	6,137	3,665	4,612	3,533	4,000	4,272
Cash and equivalents	328	348	450	401	449	22.0	45.0	66.0	37.0	47.0
Receivables	3,598	3,679	3,760	3,907	4,705	—	—	—	—	—
Inventory	211	261	548	729	783	—	—	—	—	—
Net property, plant and equipment	17,058	13,635	16,095	15,599	15,296	—	—	—	—	—
Goodwill	—	—	—	—	—	0.0	2,540	2,521	2,566	2,344
Other intangible assets	1,754	1,677	1,875	2,145	1,960	—	—	—	—	—
Long-term investments	2,846	2,838	2,824	3,129	3,870	—	—	—	—	—
Current liabilities	4,931	4,950	5,003	5,891	6,232	4,253	5,017	3,456	4,531	4,664
Accounts payable	3,457	3,647	3,844	4,044	4,810	—	—	—	—	—
Long-term debt	11,259	7,621	7,751	8,446	9,220	10,213	9,691	9,209	9,920	11,839
Total debt	11,461	7,810	8,025	8,754	—	—	—	—	—	—
Total liabilities	17,089	13,466	13,623	14,378	15,799	—	—	—	—	—
Total equity (incl. minority)	13,080	13,096	13,732	13,514	12,810	—	—	—	—	—
Minority interest	3,244	3,283	3,310	3,268	2,838	—	—	—	—	—