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Plains All American Pipeline LP (PAA)


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Upturn Advisory Summary
10/17/2025: PAA (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $20.65
1 Year Target Price $20.65
6 | Strong Buy |
1 | Buy |
7 | Hold |
2 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -5.97% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 11.20B USD | Price to earnings Ratio 24.49 | 1Y Target Price 20.65 |
Price to earnings Ratio 24.49 | 1Y Target Price 20.65 | ||
Volume (30-day avg) 16 | Beta 0.71 | 52 Weeks Range 14.93 - 19.90 | Updated Date 10/18/2025 |
52 Weeks Range 14.93 - 19.90 | Updated Date 10/18/2025 | ||
Dividends yield (FY) 9.16% | Basic EPS (TTM) 0.65 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.9% | Operating Margin (TTM) 2.64% |
Management Effectiveness
Return on Assets (TTM) 3.7% | Return on Equity (TTM) 8.15% |
Valuation
Trailing PE 24.49 | Forward PE 8.08 | Enterprise Value 20331010461 | Price to Sales(TTM) 0.23 |
Enterprise Value 20331010461 | Price to Sales(TTM) 0.23 | ||
Enterprise Value to Revenue 0.43 | Enterprise Value to EBITDA 7.46 | Shares Outstanding 703304452 | Shares Floating 462781362 |
Shares Outstanding 703304452 | Shares Floating 462781362 | ||
Percent Insiders 34.14 | Percent Institutions 40.57 |
Upturn AI SWOT
Plains All American Pipeline LP

Company Overview
History and Background
Plains All American Pipeline LP was founded in 1998. It has grown through acquisitions and organic growth to become a major player in the transportation, storage, and gathering of crude oil and natural gas liquids (NGLs).
Core Business Areas
- Crude Oil: Transportation, storage, and gathering of crude oil. This includes pipelines, terminals, and storage facilities.
- NGL: Transportation, storage, and gathering of NGLs. Similar to crude oil, it involves pipelines, terminals, and storage.
Leadership and Structure
The company is led by a CEO and a management team overseeing various departments such as operations, finance, and business development. It operates as a master limited partnership (MLP).
Top Products and Market Share
Key Offerings
- Crude Oil Transportation: Provides pipeline transportation services for crude oil across North America. Competitors include Energy Transfer Partners (ET) and Enterprise Products Partners (EPD). Plains All American has strong market share in key producing regions like the Permian Basin, revenue tied to capacity.
- NGL Transportation: Transportation services for NGLs, including pipelines and storage facilities. Competitors are similar to those in crude oil transportation, with EPD being a major player. Plains leverages its existing infrastructure, revenue tied to capacity.
Market Dynamics
Industry Overview
The midstream energy sector is influenced by crude oil and natural gas production, infrastructure development, and regulatory changes. Demand is tied to energy consumption and exports.
Positioning
Plains All American Pipeline LP is a significant player in the midstream energy sector, particularly in crude oil transportation and storage. Its competitive advantage includes its extensive pipeline network and strategic locations in key producing regions.
Total Addressable Market (TAM)
The global oil and gas pipeline market is projected to reach hundreds of billions. Plains is well positioned within this TAM to continue to transport and handle the storing of these hydrocarbons
Upturn SWOT Analysis
Strengths
- Extensive pipeline network
- Strategic asset locations
- Strong relationships with producers
- Stable fee-based revenue
Weaknesses
- Exposure to commodity price fluctuations
- High debt levels
- Vulnerability to environmental regulations
- Dependence on key producing regions
Opportunities
- Expansion of pipeline infrastructure
- Increased demand for NGL exports
- Acquisition of complementary assets
- Development of renewable energy infrastructure
Threats
- Decreased oil and gas production
- Increased competition from other pipeline operators
- Changes in environmental regulations
- Cybersecurity threats
Competitors and Market Share
Key Competitors
- ET
- EPD
- MPLX
- WMB
Competitive Landscape
PAA's advantages include its strategic asset locations and extensive pipeline network. Disadvantages include exposure to commodity price fluctuations and high debt levels compared to some competitors.
Major Acquisitions
BridgeTex Pipeline Company
- Year: 2012
- Acquisition Price (USD millions): 1075
- Strategic Rationale: Expanded PAA's pipeline network and access to Permian Basin crude oil.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by acquisitions and expansion of pipeline infrastructure.
Future Projections: Future growth depends on expansion projects, increased production in key regions, and demand for energy exports. Analyst estimates vary depending on market conditions.
Recent Initiatives: Recent initiatives include optimizing existing assets, investing in expansion projects, and reducing debt.
Summary
Plains All American Pipeline LP is a major midstream energy company with a strong presence in crude oil and NGL transportation. Its extensive pipeline network and strategic asset locations are key strengths. However, the company faces challenges related to commodity price fluctuations, high debt levels, and environmental regulations. Expanding pipeline infrastructure and capitalizing on increased NGL export demand represent significant growth opportunities.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Plains All American Pipeline LP
Exchange NASDAQ | Headquaters Houston, TX, United States | ||
IPO Launch date 1998-11-17 | President, CEO & Chairman of Plains All American GP LLC Mr. Wilfred C.W. Chiang | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees 4200 | Website https://www.plains.com |
Full time employees 4200 | Website https://www.plains.com |
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, trucks, and on barges or railcars. This segment provides terminaling, storage, and other related services, as well as merchant activities. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminaling. This segment also includes ethane, propane, normal butane, iso-butane, and natural gasoline derived from natural gas production and processing activities, as well as crude oil refining processes. Its NGL components are used for various applications, such as heating, engine, and industrial fuels. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.

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