State Ledger
Company profile

PLAINS ALL AMERICAN PIPELINE LP CIK 1070423

Tickers
PAA (Nasdaq) · PAAPU (OTC)
Industry
Pipe Lines (No Natural Gas)
Headquarters
Houston, TX 77002
Fiscal year end
2025 (FY)
Market Data
Close
$24.51
Change
+$0.17
Change %
0.70%
Volume
256,799

PAA · trading date Oct 12, 2026 · previous close $24.34 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$44.26B
Net income
$1.44B
Total assets
$30.17B
Total liabilities
—
Stockholders' equity
—
Cash & equivalents
$328.00M
Operating income
$1.43B
Operating cash flow
$2.94B
Capital expenditures
$643.00M

Fiscal year 2025, via 10-K filed 2026-02-27. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
3.2%
Net margin
3.2%
Free cash flow
$2.29B
Free cash flow margin
5.2%
Liabilities / assets
—
Equity / assets
—
CapEx / revenue
1.5%
Operating cash flow / net income
2.05×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $44.26B $1.44B $30.17B — —
2024 $48.89B $772.00M $26.56B — —
2023 $47.34B $1.23B $27.36B — —
2022 $57.34B $1.04B $27.89B — —
2021 $42.08B $593.00M $28.61B — —
Company Details
SIC code
4610
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form 4
2026-09-16
Financials filed via
Form 10-K
filed 2026-02-27

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Houston, TX 77002
333 CLAY STREET
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:55 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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