SequelSEC

PLAINS ALL AMERICAN PIPELINE LP PAA

Pipe Lines (No Natural Gas) · CIK 0001070423 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$17.69B
Fiscal year ended 2026-06-30
Operating income
$398.00M
Fiscal year ended 2026-06-30
Free cash flow
$817.00M
Fiscal year ended 2026-06-30

PLAINS ALL AMERICAN PIPELINE LP (PAA) reported revenue of $17.69B and net income of $1.83B for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from PLAINS ALL AMERICAN PIPELINE LP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Pipe Lines (No Natural Gas).

Income

PLAINS ALL AMERICAN PIPELINE LP income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Revenue$17.69B$12.47B$10.56B$11.58B$10.64B$11.48B$12.04B$12.46B$12.76B$11.64B
Cost of revenue$16.56B$11.49B$9.57B$10.58B$9.76B$10.52B$11.08B$11.54B$11.84B$10.92B
Gross profit$1.14B$977.00M$994.00MUnavailable$884.00M$960.00M$959.00MUnavailableUnavailableUnavailable
Operating income$398.00M$405.00M$355.00M$484.00M$239.00M$356.00M-$16.00M$196.00M$332.00M$356.00M
Net income$1.83B$152.00M$342.00M$441.00M$210.00M$443.00M$36.00M$220.00M$250.00M$266.00M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Pretax income$376.00M$335.00M$323.00M$459.00M$231.00M$389.00M$61.00M$206.00M$350.00M$365.00M
Income tax expense$100.00M$1.00M-$2.00M$6.00M$4.00M$9.00M$16.00M$8.00M$52.00M$14.00M
Diluted EPSUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$110.00M$81.00M$91.00M$83.00M$82.00M$85.00M$82.00M$86.00M$79.00M$96.00M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

PLAINS ALL AMERICAN PIPELINE LP balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Cash & equivalents$1.06B$171.00M$328.00M$1.18B$459.00M$427.00M$348.00M$640.00M$553.00M$331.00M
Total assets$29.22B$31.64B$30.17B$28.10B$27.16B$27.06B$26.56B$27.16B$27.45B$27.36B
Current assets$6.54B$6.16B$4.73B$5.58B$4.69B$4.74B$4.80B$5.17B$5.39B$5.00B
Total liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current liabilities$5.86B$6.54B$4.93B$5.36B$4.68B$4.69B$4.95B$5.14B$5.41B$5.14B
Total equity incl. NCIUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$84.00M$380.00M$211.00M$184.00M$151.00M$335.00M$261.00M$436.00M$502.00M$453.00M
Accounts receivable$5.27B$4.82B$3.60B$3.62B$3.56B$3.82B$3.68B$3.95B$4.21B$4.04B
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$8.43B$10.96B$10.70B$8.44B$8.20B$8.20B$7.21B$7.21B$7.21B$7.31B
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

PLAINS ALL AMERICAN PIPELINE LP cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Operating cash flow$955.00M$418.00M$786.00M$817.00M$694.00M$639.00M$727.00M$691.00M$653.00M$419.00M
Capital expenditures$138.00M$130.00M$148.00M$185.00M$170.00M$140.00M$106.00M$109.00M$76.00M$157.00M
Investing cash flow$3.34B-$233.00M-$1.94B-$408.00M-$274.00M-$1.15B-$264.00M-$822.00M-$157.00M-$261.00M
Financing cash flow-$3.39B-$339.00M$299.00M$318.00M-$408.00M$590.00M-$747.00M$215.00M-$272.00M-$273.00M
Net change in cash$888.00M-$157.00M-$852.00M$721.00M$32.00M$79.00M-$292.00M$87.00M$222.00M-$119.00M
Stock-based compensationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailable$0$0UnavailableUnavailable$0$0UnavailableUnavailable
Depreciation & amortization$242.00M$243.00M$257.00M$230.00M$235.00M$232.00M$226.00M$226.00M$226.00M$254.00M

Derived

PLAINS ALL AMERICAN PIPELINE LP derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Free cash flow$817.00M$288.00M$638.00M$632.00M$524.00M$499.00M$621.00M$582.00M$577.00M$262.00M
Gross margin6.4%7.8%9.4%Unavailable8.3%8.4%8.0%UnavailableUnavailableUnavailable
Operating margin2.2%3.2%3.4%4.2%2.2%3.1%-0.1%1.6%2.6%3.1%
FCF margin4.6%2.3%6.0%5.5%4.9%4.3%5.2%4.7%4.5%2.3%
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratio1.12x0.94x0.96x1.04x1.00x1.01x0.97x1.01x1.00x0.97x
Revenue YoY growth66.3%8.7%-12.2%-7.0%-16.6%-1.4%6.3%3.2%10.0%-5.7%
Net margin10.3%1.2%3.2%3.8%2.0%3.9%0.3%1.8%2.0%2.3%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue0.8%1.0%1.4%Unavailable1.6%1.2%0.9%UnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate26.6%0.3%-0.6%1.3%1.7%2.3%26.2%3.9%14.9%3.8%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open PAA in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-10View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-05-09View SEC filing

Companies in the same industry

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Reconciliation checks needing review

6 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2025-09-30

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-09-30

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-06-30

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-03-31

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

cash flow reconciliationreview2025-09-30

Operating, investing and financing flows differ from the reported change in cash by 11000000, beyond tolerance 8170000.00.

cash flow reconciliationreview2025-06-30

Operating, investing and financing flows differ from the reported change in cash by 11000000, beyond tolerance 6940000.00.