Plains All American Pipeline (PAA) reported $44.3B in revenue for fiscal 2025, −9.5% year on year. That ranks #123 by revenue among 2853 SEC filers and #12 in Energy. Net income was $1.8B, a net margin of 4.0%. Revenue has grown 1.8% a year on average since 2011 ($34.3B then). The fiscal 2025 balance sheet shows $30.2B in total assets, $328M in cash and $10.7B in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenues | $44.3B | −9.5% | FY20252025-12-31 |
| Gross profitGrossProfit | $2.3B | +5.7% | FY20142014-12-31 |
| Operating incomeOperatingIncomeLoss | $1.4B | +65.2% | FY20252025-12-31 |
| Net incomeNetIncomeLoss | $1.8B | +59.5% | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $2.9B | +17.9% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquirePropertyPlantAndEquipment | $643M | +43.5% | FY20252025-12-31 |
| Total assetsAssets | $30.2B | +13.6% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | −$1.0B | +$72.0M | FY20162016-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $328M | −5.7% | FY20252025-12-31 |
| Long-term debtLongTermDebtAndCapitalLeaseObligations | $10.7B | +48.3% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-03-31 | $12.5B | $152M | Open → |
| Q2 20262026-06-30 | $17.7B | $1.8B | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 51 of 96 companies compared | 4.0% | |
| Operating marginRank 62 of 87 companies compared | 3.2% | |
| Cash as share of revenueRank 84 of 95 companies compared | 0.7% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- Plains All American Pipeline LP
- Ticker
- PAA
- Exchange
- Nasdaq
- SIC classification
- Pipe Lines (No Natural Gas) (4610)
- Fiscal year end
- 12-31
- CIK
- 0001070423
Filings
- 10-QAug 10, 2026Open filing →
- 10-QMay 8, 2026Open filing →
- 10-KFeb 27, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| EniE | $92.8B | $2.9B |
| ConocoPhillipsCOP | $58.9B | $8.0B |
| EnbridgeENB | $46.7B | $5.4B |
| Plains GPPAGP | $44.3B | $1.8B |
| Plains All American PipelinePAA | $44.3B | $1.8B |
| Suncor EnergySU | $37.5B | $4.2B |
| SLBSLB | $35.7B | $3.4B |
Plains All American Pipeline compared withEnbridgeSuncor Energy
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Plains All American Pipeline — Key figures |url=https://companiesranked.com/en/company/plains-all-american-pipeline |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Plains All American Pipeline — Key figures. CompaniesRanked. https://companiesranked.com/en/company/plains-all-american-pipelineBibTeX
@misc{companiesranked-en-company-plains-all-american-pipeline-2026,
author = {{CompaniesRanked}},
title = {{Plains All American Pipeline — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/plains-all-american-pipeline}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001070423-26-000014 · February 27, 2026
{{cite web |title=Plains All American Pipeline — Key figures — 10-K (0001070423-26-000014) |url=https://www.sec.gov/Archives/edgar/data/1070423/000107042326000014/paa-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-27}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.