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Companies · PAA · Pipe Lines (No Natural Gas)

PLAINS ALL AMERICAN PIPELINE LP (PAA)

PLAINS ALL AMERICAN PIPELINE LP (PAA) stock — the fundamentals (P/E, market cap, valuation) and every material event, decoded in plain English.

PLAINS ALL AMERICAN PIPELINE LP (PAA) stock — financials & valuation

Key numbers for PLAINS ALL AMERICAN PIPELINE LP (PAA): P/E ratio, market cap, profit margins, returns, and whether the stock looks cheap or expensive versus its own 5-year range.

AllSight quality score: 67/100 — a percentile rank of PLAINS ALL AMERICAN PIPELINE LP’s fundamentals against Transportation & Utilities peers, weakest on profitability. A quality ranking, not a price prediction.

Market cap$16.7B
P / E6.6×
P / S0.3×
EV / EBITDA9.4×
Gross margin7.8%
Operating margin3.1%
Net margin6.3%
Return on equity23.0%
ROIC7.1%
Revenue growth12.2%
Debt / equity0.8×
Dividend yield11.9%

Is PLAINS ALL AMERICAN PIPELINE LP overvalued? P/E looks undervalued vs its 5-year range; P/S looks overvalued vs its 5-year range; EV/EBITDA looks fair vs its 5-year range; P/B looks overvalued vs its 5-year range.

Independent of the events above — derived from PLAINS ALL AMERICAN PIPELINE LP’s own financial statements and shown as context, never as advice.

Sep 29, 2026COO departure
Plains All American COO resigns as veteran insider takes over
Sep 14, 2026$1.5B new debt
Plains All American raises $1.5B in junior debt as financing costs climb
Sep 9, 2026$1.5B preferred-unit refinancing
Plains All American prices $1.5B junior debt to retire costly preferred units
Sep 8, 2026100% EPIC ownership
Plains All American adds full EPIC control, but financing weighs on pro forma EPS
Aug 7, 2026
Core earnings edged past expectations; sale proceeds transformed leverage
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