Plains All American Pipeline, L.P. revenue and financials
$24.06Change from previous close: +0.63%Absolute change: +$0.15
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%.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 44,262 | 48,889 | 47,336 | 57,342 | 42,078 | 23,290 | 33,669 | 34,055 | 26,223 | 20,182 |
| Cost of revenue | 40,433 | 45,162 | 43,937 | 53,176 | 38,504 | 20,431 | 29,452 | 29,793 | 22,985 | 17,233 |
| Gross profit | 2,675 | 2,601 | 2,314 | 2,851 | 2,509 | — | — | — | — | — |
| Selling, general and administrative | 333 | 328 | 299 | 325 | 275 | — | — | — | — | — |
| Operating income | 1,434 | 868 | 1,258 | 1,292 | 851 | -2,375 | 1,988 | 2,277 | 1,153 | 994 |
| EBIT | 1,389 | 1,372 | 1,106 | 1,561 | 1,460 | — | — | — | — | — |
| EBITDA | 2,342 | 2,273 | 2,015 | 2,526 | 2,234 | — | — | — | — | — |
| Interest expense | 554 | 430 | 386 | 405 | 425 | 436 | 425 | 431 | 510 | 467 |
| Pre-tax income | 1,401 | 969 | 1,371 | 1,417 | 721 | — | — | — | — | — |
| Income tax | 15.0 | 87.0 | 61.0 | 189 | 73.0 | -19.0 | 66.0 | 198 | 44.0 | 25.0 |
| Net income | 1,435 | 772 | 1,230 | 1,037 | 593 | -2,590 | 2,171 | 2,216 | 856 | 726 |
| Net income to common shareholders | 1,169 | 514 | 976 | 831 | 393 | — | — | — | — | — |
| Basic EPS | 1.66 | 0.73 | 1.40 | 1.19 | 0.55 | — | — | — | — | — |
| Diluted EPS | 1.66 | 0.73 | 1.40 | 1.19 | 0.55 | — | — | — | — | — |
| Average shares (basic) | 704 | 702 | 699 | 701 | 716 | — | — | — | — | — |
| Average shares (diluted) | 704 | 702 | 699 | 701 | 716 | — | — | — | — | — |
| Dividend per share | 1.56 | 1.33 | 1.12 | 0.92 | 0.72 | — | — | — | — | — |