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
  1. $20.18B2016
  2. $26.22B2017
  3. $34.06B2018
  4. $33.67B2019
  5. $23.29B2020
  6. $42.08B2021
  7. $57.34B2022
  8. $47.34B2023
  9. $48.89B2024
  10. $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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue17,69312,47010,56411,57810,64211,47712,03512,456—11,63912,69812,071
Cost of revenue16,88411,7949,85210,87310,04410,81711,36011,828—10,97811,91211,478
Gross profit809676712705598660675628—661786593
Selling, general and administrative76.081.089.083.079.085.082.086.0—81.087.092.0
Operating income491352366392284343367316—357427241
EBIT491352366392284343367316—357427241
EBITDA734595623622518575593542—611699502
Interest expense153167159135133127112113—99.096.097.0
Pre-tax income37633532345923138961.0206—352438265
Income tax1001.0-2.06.04.09.016.08.0—11.039.0-14.0
Net income1,83015234244121044336.0220—265312203
Net income to common shareholders1,770100289387150343-26.0157—201248140
Basic EPS2.510.140.410.550.210.49-0.040.22—0.290.350.20
Diluted EPS2.510.140.410.550.210.49-0.040.22—0.290.350.20
Average shares (basic)706706706704704704704702—701701700
Average shares (diluted)706706706704704704704702—701701700
Dividend per share0.420.420.420.380.380.380.380.32—0.320.320.27