NASDAQ:PAA
Plains All American Pipeline LP
Plains All American Pipeline LP's revenue fell 9.5% in fiscal 2025 to $44.3B while operating margin rose to 3.2%. Free cash flow was $2.3B, 5.2% of revenue.Summary generated from Plains All American Pipeline LP's SEC filings. Latest annual report filed Feb 27, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$44.3B
Revenue growth−9.5%
Revenue, 5-yr CAGR+13.7%
Gross margin8.7%
Operating margin3.2%
Net margin3.2%
ROICn/a
Return on equityn/a
Debt / equityn/a
Free cash flow$2.3B
FCF margin5.2%
Share count changen/a
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 42.1 | 57.3 | 47.3 | 48.9 | 44.3 |
| Operating income | 0.9 | 1.3 | 1.3 | 0.9 | 1.4 |
| Net income | 0.6 | 1.0 | 1.2 | 0.8 | 1.4 |
| Free cash flow | 1.7 | 2.0 | 2.3 | 2.0 | 2.3 |
Recent filings
- 4Insider transaction report
Oct 2, 2026 - 8-KDirector or officer change
Sep 29, 2026 - 4Insider transaction report
Sep 16, 2026 - 8-KEntry into a material agreement
Sep 14, 2026 - 8-KOther events
Sep 10, 2026 - 8-KResults of operations and financial condition
Sep 9, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 10, 2026 - 8-KCompletion of an acquisition or disposition
Aug 7, 2026