InsiderClue
Stocks · Energy · Pipe Lines (No Natural Gas)

PLAINS ALL AMERICAN PIPELINE LP

PAA Clue Score38
United States Fiscal year ends December CIK 0001070423
$24.34 -0.33% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $24.34 +132.03% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue20.18Operating income0.99Net income0.73Fiscal year 2017Revenue26.22 +29.9%Operating income1.15Net income0.86 +17.9%Fiscal year 2018Revenue34.06 +29.9%Operating income2.28Net income2.22 +158.9%Fiscal year 2019Revenue33.67 −1.1%Operating income1.99Net income2.17 −2.0%Fiscal year 2020Revenue23.29 −30.8%Operating income−2.38Net income−2.59 −219.3%Fiscal year 2021Revenue42.08 +80.7%Operating income0.85Net income0.59Fiscal year 2022Revenue57.34 +36.3%Operating income1.29Net income1.04 +74.9%Fiscal year 2023Revenue47.34 −17.4%Operating income1.26Net income1.23 +18.6%Fiscal year 2024Revenue48.89 +3.3%Operating income0.87Net income0.77 −37.2%Fiscal year 2025Revenue44.26 −9.5%Operating income1.43Net income1.44 +85.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 20.18 26.22 34.06 33.67 23.29 42.08 57.34 47.34 48.89 44.26
Growth +29.9% +29.9% −1.1% −30.8% +80.7% +36.3% −17.4% +3.3% −9.5%
Operating income 0.99 1.15 2.28 1.99 −2.38 0.85 1.29 1.26 0.87 1.43
Net income 0.73 0.86 2.22 2.17 −2.59 0.59 1.04 1.23 0.77 1.44
Growth +17.9% +158.9% −2.0% −219.3% +74.9% +18.6% −37.2% +85.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin4.9%Net margin3.6%Free cash flow margin−3.0%Fiscal year 2017Operating margin4.4%Net margin3.3%Free cash flow margin5.6%Fiscal year 2018Operating margin6.7%Net margin6.5%Free cash flow margin2.9%Fiscal year 2019Operating margin5.9%Net margin6.4%Free cash flow margin3.9%Fiscal year 2020Operating margin−10.2%Net margin−11.1%Free cash flow margin3.3%Fiscal year 2021Operating margin2.0%Net margin1.4%Free cash flow margin3.9%Fiscal year 2022Operating margin2.3%Net margin1.8%Free cash flow margin3.4%Fiscal year 2023Operating margin2.7%Net margin2.6%Free cash flow margin4.9%Fiscal year 2024Operating margin1.8%Net margin1.6%Free cash flow margin4.2%Fiscal year 2025Operating margin3.2%Net margin3.2%Free cash flow margin5.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 4.9% 4.4% 6.7% 5.9% −10.2% 2.0% 2.3% 2.7% 1.8% 3.2%
Net margin 3.6% 3.3% 6.5% 6.4% −11.1% 1.4% 1.8% 2.6% 1.6% 3.2%
Free cash flow margin −3.0% 5.6% 2.9% 3.9% 3.3% 3.9% 3.4% 4.9% 4.2% 5.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.73Capital expenditure−1.33Free cash flow−0.60Fiscal year 2017Operating cash flow2.50Capital expenditure−1.02Free cash flow1.48Fiscal year 2018Operating cash flow2.61Capital expenditure−1.63Free cash flow0.97 −34.0%Buybacks0.00Fiscal year 2019Operating cash flow2.50Capital expenditure−1.18Free cash flow1.32 +35.8%Buybacks0.00Fiscal year 2020Operating cash flow1.51Capital expenditure−0.74Free cash flow0.78 −41.3%Buybacks−0.05Fiscal year 2021Operating cash flow2.00Capital expenditure−0.34Free cash flow1.66 +113.9%Buybacks−0.18Fiscal year 2022Operating cash flow2.41Capital expenditure−0.46Free cash flow1.95 +17.7%Buybacks−0.07Fiscal year 2023Operating cash flow2.73Capital expenditure−0.41Free cash flow2.32 +18.7%Buybacks0.00Fiscal year 2024Operating cash flow2.49Capital expenditure−0.45Free cash flow2.04 −11.9%Buybacks0.00Fiscal year 2025Operating cash flow2.94Capital expenditure−0.64Free cash flow2.29 +12.3%Buybacks−0.01
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.73 2.50 2.61 2.50 1.51 2.00 2.41 2.73 2.49 2.94
Capital expenditure −1.33 −1.02 −1.63 −1.18 −0.74 −0.34 −0.46 −0.41 −0.45 −0.64
Free cash flow −0.60 1.48 0.97 1.32 0.78 1.66 1.95 2.32 2.04 2.29
Growth −34.0% +35.8% −41.3% +113.9% +17.7% +18.7% −11.9% +12.3%
Buybacks n/a n/a 0.00 0.00 −0.05 −0.18 −0.07 0.00 0.00 −0.01

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.05Shareholders’ equity−1.01Fiscal year 2017Cash0.04Fiscal year 2018Cash0.07Fiscal year 2019Cash0.05Fiscal year 2020Cash0.02Fiscal year 2021Cash0.45Fiscal year 2022Cash0.40Fiscal year 2023Cash0.45Fiscal year 2024Cash0.35Fiscal year 2025Cash0.33
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.05 0.04 0.07 0.05 0.02 0.45 0.40 0.45 0.35 0.33
Shareholders’ equity −1.01 n/a n/a n/a n/a n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
4.9% 4.4% 6.7% 5.9% −10.2% 2.0% 2.3% 2.7% 1.8% 3.2%
3.7% 3.4% 7.1% 6.7% −11.2% 1.7% 2.5% 2.9% 2.0% 3.2%
3.6% 3.3% 6.5% 6.4% −11.1% 1.4% 1.8% 2.6% 1.6% 3.2%
−3.0% 5.6% 2.9% 3.9% 3.3% 3.9% 3.4% 4.9% 4.2% 5.2%
Spending
1.4% 1.1% 0.9% 0.9% 1.2% 0.7% 0.6% 0.6% 0.7% 0.8%
6.6% 3.9% 4.8% 3.5% 3.2% 0.8% 0.8% 0.9% 0.9% 1.5%
3.3% 4.9% 8.2% 2.9% n/a 10.1% 13.3% 4.4% 9.0% 1.1%
Returns
3.0% 3.4% 8.7% 7.6% −10.6% 2.1% 3.7% 4.5% 2.9% 4.8%
Balance and payout
n/a n/a 0.0% 0.0% 6.4% 10.7% 3.8% 0.0% 0.0% 0.3%