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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 29,218 | 31,636 | 30,169 | 28,101 | 27,155 | 27,059 | 26,562 | 27,155 | 27,453 | 27,356 | 27,355 | 27,735 |
| Current assets | 6,537 | 6,164 | 4,733 | 5,583 | 4,688 | 4,735 | 4,802 | 5,169 | 5,387 | 5,001 | 4,913 | 5,331 |
| Cash and equivalents | 1,059 | 171 | 328 | 1,180 | 459 | 427 | 348 | 640 | 553 | 331 | 450 | 260 |
| Receivables | 5,267 | 4,821 | 3,598 | 3,623 | 3,562 | 3,820 | 3,679 | 3,952 | 4,208 | 4,040 | 3,760 | 4,253 |
| Inventory | 84.0 | 380 | 211 | 184 | 151 | 335 | 261 | 436 | 502 | 453 | 548 | 617 |
| Net property, plant and equipment | 16,953 | 17,070 | 17,058 | 14,327 | 14,359 | 16,383 | 13,635 | 15,949 | 15,928 | 15,969 | 16,095 | 15,904 |
| Other intangible assets | 1,610 | 1,686 | 1,754 | 1,570 | 1,636 | 1,675 | 1,677 | 1,674 | 1,741 | 1,807 | 1,875 | 1,969 |
| Long-term investments | 2,817 | 2,838 | 2,846 | 2,873 | 2,709 | 2,769 | 2,838 | 2,846 | 2,878 | 2,891 | 2,824 | 2,853 |
| Current liabilities | 5,859 | 6,544 | 4,931 | 5,365 | 4,679 | 4,691 | 4,950 | 5,136 | 5,406 | 5,144 | 5,003 | 5,606 |
| Accounts payable | 4,942 | 4,929 | 3,457 | 3,584 | 3,364 | 3,725 | 3,647 | 3,675 | 4,015 | 3,991 | 3,844 | 4,145 |
| Long-term debt | 8,373 | 10,894 | 10,633 | 8,371 | 8,133 | 8,131 | 7,141 | 7,140 | 7,139 | 7,244 | 7,242 | 7,241 |
| Total debt | 8,635 | 11,578 | 11,461 | 9,637 | 8,869 | — | — | — | — | — | — | — |
| Total liabilities | 14,927 | 18,816 | 17,089 | 15,112 | 14,206 | 14,199 | 13,466 | 13,623 | 13,875 | 13,710 | 13,623 | 14,184 |
| Total equity (incl. minority) | 14,291 | 12,820 | 13,080 | 12,989 | 12,949 | 12,860 | 13,096 | 13,532 | 13,578 | 13,646 | 13,732 | 13,551 |
| Minority interest | 3,212 | 3,219 | 3,244 | 3,226 | 3,243 | 3,228 | 3,283 | 3,297 | 3,302 | 3,307 | 3,310 | 3,266 |