Plains All American Pipeline, L.P.
PAA Energy Oil & Gas Midstream
Plains All American Pipeline, L.P.’s revenue for fiscal 2025 (year ended December 2025) was $44.3 billion, down 9.46% from fiscal 2024. In the quarter to June 2026, revenue grew 66.3%, EPS grew 1,095.2%, free cash flow grew 50.9% and total debt fell 2.74%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Plains All American Pipeline, L.P. (PAA) EV/Sales
As of 16 October 2026, Plains All American Pipeline, L.P. (PAA) trades at a EV/Sales of 0.5×. Over the past ten years it has ranged from 0.3× (September 2022) to 1.5× (March 2017); the current reading is higher than 40% of that period. That is below the Oil & Gas Midstream industry median of 3.9× and below the Energy sector median of 2.3×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 0.5× | 35.18% |
| FY2024 | 0.4× | 3.63% |
| FY2023 | 0.4× | 35.06% |
| FY2022 | 0.3× | (23.38%) |
| FY2021 | 0.4× | (47.02%) |
| FY2020 | 0.7× | 1.61% |
| FY2019 | 0.7× | (1.90%) |
| FY2018 | 0.7× | (27.46%) |
| FY2017 | 1.0× | (28.21%) |
| FY2016 | 1.3× | 51.26% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 0.4× | (25.91%) |
| Mar 2026 | 0.6× | 11.90% |
| Dec 2025 | 0.5× | 19.18% |
| Sep 2025 | 0.4× | (2.02%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| PAGP Plains Group Holdings, L.P. compare | 0.2× |
| PAA Plains All American Pipeline, L.P. | 0.5× |
| CQP Cheniere Energy Partners, L.P. compare | 3.9× |
| VG Venture Global, Inc. compare | 4.1× |
| FRO Frontline PLC compare | 4.6× |
| VNOM Viper Energy Inc. compare | 5.2× |
| WES Western Midstream Partners, LP compare | 6.2× |
| PBA Pembina Pipeline Corp. compare | 6.5× |
| DTM DT Midstream, Inc. compare | 12.1× |
| Oil & Gas Midstream industry median | 3.9× |
| Energy sector median | 2.3× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)