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Upturn AI Summary - About
Plains All American Pipeline LP(PAA)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PAA
11/06/2026: PAA (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Plains All American Pipeline LP is a major midstream energy operator focused on the gathering, transportation, and storage of crude oil and natural gas liquids. The company maintains a leading position through its critical infrastructure in the Permian Basin, which drives steady, fee-based cash flows. Its recent strategic shift toward capital discipline and debt reduction has improved its long-term financial stability. However, investors must weigh these strengths against risks such as high geographic concentration, ongoing regulatory hurdles, and long-term uncertainty in fossil fuel demand. The stock is best suited for income-focused investors who prioritize sustainable distributions and can monitor the company's ability to navigate the energy transition.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company is currently focused on capital discipline and deleveraging rather than aggressive growth. |
| Momentum investor | Weak fit | This is a mature infrastructure company whose stock performance is generally tied to steady utility-like metrics rather than rapid momentum signals. |
| Value investor | Strong fit | The stock often trades based on cash flow yields, which may appeal to value-oriented investors seeking stable, income-producing assets. |
| Dividend investor | Strong fit | PAA is a reliable source of yield for income-focused investors, provided they monitor the long-term sustainability of the MLP distribution model. |
| Low-risk investor | Mixed fit | While infrastructure assets are stable, the company's leverage and commodity exposure introduce risk profile variations. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | Commodity price swings can affect gathering volumes and regional differentials. |
| Valuation risk | Medium | Valuations are sensitive to interest rates and sector-wide sentiment regarding fossil fuels. |
| Competition risk (Midstream/Infrastructure) | Medium | Competition from larger, better-capitalized players like EPD or ET limits pricing power. |
| Business quality | Medium / high | The company maintains high-quality, long-lived assets, though they are subject to energy transition risks. |
| Dividend income | Medium | Distributions are generally stable, but historically subject to management discretion during balance sheet restructuring. |
| Execution risk | Medium | Successfully managing large-scale infrastructure projects and maintaining safety compliance is capital-intensive. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit -6.26% | Avg. Invested days 42 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 16.88B USD | Price to earnings Ratio 39.87 | 1Y Target Price 26.76 |
Price to earnings Ratio 39.87 | 1Y Target Price 26.76 | ||
Volume (30-day avg) 2.6M shares | Beta 0.54 | 52 Weeks Range 15.31 - 26.75 | Updated Date 11/08/2026 |
52 Weeks Range 15.31 - 26.75 | Updated Date 11/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.6 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Crude Oil | Gathering, transportation, and terminal services for crude oil. | The company earns fees for moving and storing oil, providing steady income. |
| Natural Gas Liquids (NGL) | Fractionation and processing of NGLs. | Revenue is earned by processing natural gas byproducts into salable liquids. |
| Geographic Exposure | Concentrated in the Permian Basin and other U.S. shale plays. | Profits are closely linked to the health of the U.S. shale oil industry. |
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 2026-11-06 | When Before Market | Estimate 0.4 | Actual -0.04 |
Profitability
Profit Margin 5.29% | Operating Margin (TTM) 2.78% |
Management Effectiveness
Return on Assets (TTM) 3.55% | Return on Equity (TTM) 10.18% |
Valuation
Trailing PE 39.87 | Forward PE 13.37 | Enterprise Value 24.46B | Price to Sales(TTM) 0.32 |
Enterprise Value 24.46B | Price to Sales(TTM) 0.32 | ||
Enterprise Value to Revenue 0.47 | Enterprise Value to EBITDA 7.95 | Shares Outstanding 705.57M | Shares Floating 463.18M |
Shares Outstanding 705.57M | Shares Floating 463.18M | ||
Percent Insiders 34.19 | Percent Institutions 41.34 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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