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 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 955 | 418 | 786 | 817 | 694 | 639 | 727 | 691 | 419 | 1,011 | 85.0 | 888 |
| Depreciation and amortization | 243 | 243 | 257 | 230 | 234 | 232 | 226 | 226 | 254 | 272 | 261 | 259 |
| Capital expenditure | -138 | -130 | -148 | -185 | -170 | -140 | -106 | -109 | -157 | -155 | -137 | -145 |
| Investing cash flow | 3,335 | -233 | -1,938 | -408 | -274 | -1,149 | -264 | -822 | -261 | -258 | -438 | -164 |
| Financing cash flow | -3,389 | -339 | 299 | 318 | -408 | 590 | -747 | 215 | -273 | -567 | -308 | -325 |
| Dividends paid | -346 | -348 | -322 | -321 | -321 | -331 | -287 | -286 | -287 | -251 | -249 | -247 |
| Share repurchases | 0.0 | 0.0 | 0.0 | 0.0 | -8.0 | — | — | — | — | — | — | — |
| Debt issued | -116 | 116 | 2,429 | 1,179 | -2.0 | 1,399 | — | 629 | 107 | 433 | — | — |
| Debt repaid | -2,820 | — | -1,721 | -393 | — | — | -357 | — | — | -700 | — | — |
| Effect of exchange rates | -13.0 | -3.0 | 1.0 | -6.0 | 20.0 | -1.0 | -8.0 | 3.0 | -4.0 | 4.0 | -12.0 | 8.0 |
| Net change in cash | 888 | -157 | -852 | 721 | 32.0 | 79.0 | -292 | 87.0 | -119 | 190 | -673 | 407 |
| Free cash flow | 817 | 288 | 638 | 632 | 524 | 499 | 621 | 582 | 262 | 856 | -52.0 | 743 |
| Levered free cash flow | 567 | 424 | 214 | 189 | 268 | 74.0 | 518 | 288 | 166 | 540 | -160 | 434 |