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Plains All American Pipeline LP (PAA)

Upturn stock ratingUpturn stock rating
$17.36
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
  • ALL
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Upturn Advisory Summary

09/16/2025: PAA (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

16 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $21.09

1 Year Target Price $21.09

Analysts Price Target For last 52 week
$21.09 Target price
52w Low $14.93
Current$17.36
52w High $19.9

Analysis of Past Performance

Type Stock
Historic Profit -5.97%
Avg. Invested days 45
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/16/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 12.16B USD
Price to earnings Ratio 26.6
1Y Target Price 21.09
Price to earnings Ratio 26.6
1Y Target Price 21.09
Volume (30-day avg) 16
Beta 0.79
52 Weeks Range 14.93 - 19.90
Updated Date 09/16/2025
52 Weeks Range 14.93 - 19.90
Updated Date 09/16/2025
Dividends yield (FY) 8.35%
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 26.6
Forward PE 8.33
Enterprise Value 20689695731
Price to Sales(TTM) 0.25
Enterprise Value 20689695731
Price to Sales(TTM) 0.25
Enterprise Value to Revenue 0.43
Enterprise Value to EBITDA 7.6
Shares Outstanding 703304000
Shares Floating 462781362
Shares Outstanding 703304000
Shares Floating 462781362
Percent Insiders 34.14
Percent Institutions 40.29

ai summary icon Upturn AI SWOT

Plains All American Pipeline LP

stock logo

Company Overview

overview logo History and Background

Plains All American Pipeline LP was founded in 1998. It has grown through acquisitions and organic projects to become a major player in midstream energy infrastructure.

business area logo Core Business Areas

  • Crude Oil: Transportation, storage, gathering, and processing of crude oil. This segment represents the bulk of the companyu2019s operations.
  • NGL: Transportation, storage, fractionation, and marketing of natural gas liquids (NGLs).
  • Natural Gas: Transportation and storage of natural gas in select markets.

leadership logo Leadership and Structure

The company is led by a management team headed by the CEO. It operates as a limited partnership (LP).

Top Products and Market Share

overview logo Key Offerings

  • Crude Oil Transportation: Plains' primary revenue stream is crude oil transportation via pipelines. Market share information is difficult to pinpoint exactly due to the fragmented nature of the industry and the private companies involved. Competitors: Enterprise Products Partners (EPD), Magellan Midstream Partners (MMP), Energy Transfer LP (ET).
  • Crude Oil Storage: Provides storage services for crude oil. Storage capacity is a key differentiator. Competitors: Cushing Hub operators, tank farms owned by majors.
  • NGL Transportation: Transportation and related services for natural gas liquids. Competitors: Enterprise Products Partners (EPD), Energy Transfer LP (ET).

Market Dynamics

industry overview logo Industry Overview

The midstream energy sector is characterized by stable, fee-based revenue streams tied to long-term contracts. Demand for crude oil and NGL transportation is driven by production levels and refinery demand.

Positioning

Plains is one of the largest independent midstream companies in North America, with a significant network of pipelines and storage assets. Its competitive advantage lies in its strategic asset footprint and long-term relationships with producers and refiners.

Total Addressable Market (TAM)

The total midstream market is estimated to be worth hundreds of billions of dollars, with consistent growth expected. Plains is well-positioned to capture a share of this growing market given its asset base in key shale production areas.

Upturn SWOT Analysis

Strengths

  • Extensive pipeline network
  • Strategic asset locations in key production basins
  • Long-term contracts providing stable revenue
  • Strong relationships with producers and refiners

Weaknesses

  • Exposure to commodity price fluctuations (though mitigated by fee-based contracts)
  • Capital intensive business requiring significant investments
  • Sensitivity to regulatory changes
  • High Debt levels

Opportunities

  • Expanding pipeline capacity to meet growing production
  • Acquiring complementary assets
  • Developing new infrastructure to serve emerging shale plays
  • Increasing focus on NGL infrastructure

Threats

  • Decline in oil and gas production
  • Increased competition from other pipeline operators
  • Regulatory hurdles and environmental opposition
  • Economic downturn impacting demand for energy

Competitors and Market Share

competitor logo Key Competitors

  • EPD
  • ET
  • MPLX
  • WMB

Competitive Landscape

Plains has a strong presence in key shale production areas, but faces competition from other large midstream operators. Its competitive advantage is its strategic asset footprint and long-term relationships.

Major Acquisitions

BridgeTex Pipeline Company

  • Year: 2012
  • Acquisition Price (USD millions): 1075
  • Strategic Rationale: Expanded Plains' crude oil transportation capabilities from the Permian Basin.

Growth Trajectory and Initiatives

Historical Growth: Plains has grown through acquisitions and organic expansions of its pipeline network. Growth has been tied to increasing oil and gas production in key regions.

Future Projections: Analyst estimates vary, but future growth is expected to be driven by increased pipeline capacity and demand for midstream services. Specific projections can be found through analyst reports.

Recent Initiatives: Recent initiatives include expanding pipeline systems in the Permian Basin, optimizing storage assets, and improving operational efficiencies. Consult their investor relations page for further details.

Summary

Plains All American Pipeline LP is a significant player in the midstream energy sector with a large network of pipelines and storage facilities. The company benefits from long-term contracts, but remains sensitive to energy production levels and regulatory changes. PAA has high debt, that needs to be monitored closely. Future growth depends on expanding capacity and managing competition within the changing energy landscape. The company is at a good position because it provides stable revenue from fee based contracts and its strategic asset locations in key production basins.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings (10-K, 10-Q)
  • Company Investor Relations
  • Financial News Outlets (e.g., Reuters, Bloomberg, Yahoo Finance)
  • Industry Reports

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance can change rapidly. Consult a financial professional before making investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 4200

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.