stockrowPlains 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.
- Revenue
- +66.3%
- EPS
- +1,095.2%
- Free cash flow
- +50.9%
- Total debt
- −2.74%
Quarter to June 2026, against a year earlier
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Plains All American Pipeline, L.P. (PAA) Net margin
Plains All American Pipeline, L.P.'s net margin over the twelve months to 30 June 2026 was 4.87%, up 2.2 percentage points from fiscal 2025 (2.64%). Over the past ten years it has ranged from −12.0% (fiscal 2020) to 5.90% (fiscal 2018); the current reading is higher than 82% of that period. That is below the Oil & Gas Midstream industry median of 20.1% and below the Energy sector median of 8.44%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 2.64% | 1.59 |
| FY2024 | 1.05% | (1.01) |
| FY2023 | 2.06% | 0.61 |
| FY2022 | 1.45% | 0.52 |
| FY2021 | 0.93% | 12.91 |
| FY2020 | −12.0% | (17.82) |
| FY2019 | 5.84% | (0.06) |
| FY2018 | 5.90% | 3.29 |
| FY2017 | 2.61% | 1.62 |
| FY2016 | 0.99% | (0.33) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 10.0% | 9.20 |
| Mar 2026 | 0.80% | (1.94) |
| Dec 2025 | 2.74% | (0.60) |
| Sep 2025 | 3.34% | 1.93 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| FRO Frontline PLC compare | 49.4% |
| DTM DT Midstream, Inc. compare | 35.4% |
| CQP Cheniere Energy Partners, L.P. compare | 23.9% |
| PBA Pembina Pipeline Corp. compare | 20.1% |
| VG Venture Global, Inc. compare | 19.7% |
| VNOM Viper Energy Inc. compare | 12.1% |
| PAA Plains All American Pipeline, L.P. | 4.87% |
| PAGP Plains Group Holdings, L.P. compare | 1.06% |
| WES Western Midstream Partners, LP compare | 0.00% |
| Oil & Gas Midstream industry median | 20.1% |
| Energy sector median | 8.44% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on PAA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement