One plan - full access

No subscription, no auto-renewal, no hidden terms.
Pay once and use it for 30 days.

PRO plan No auto-renewal
$18

30 days of full access
One-time payment

🌐 US & Global Companies
Get access for 30 days →
♧ Secure payment · Instant access

What is included

  • ✓Full access to detailed company analysis
  • ✓Fundamental screener
  • ✓Advanced stock screener filters
  • ✓5 ratings. Separate lists for US & Global Companies and MOEX
  • ✓Company data export in XLSX and CSV
  • ✓MarketCap’s overall ranking of top companies
  • ✓Analytics updates after each new financial report
⚠ The service is not an investment advisor. Financial statement data from public companies is available to everyone - MarketCap structures and analyzes it.
Plains All American Pipeline, L.P. logo
Plains All American Pipeline, L.P. PAA
$ 25.89 1.57%
report update icon

Quarterly report 2026-Q1
added 05-08-2026

Plains All American Pipeline, L.P. Income Statement 2025-2006 | PAA

Brief overview of financial results at Plains All American Pipeline, L.P.

The figures are compared over a five-year interval. According to figures from Plains All American Pipeline, L.P., revenue changed from 23.3 billion dollars to 10.6 billion dollars over five years. The cumulative result was −54.6%, corresponding to roughly −14.6% per year. The negative rate indicates weakening core operations.

At the gross-profit level, the result moved from $1.1 billion to −$29.9 billion, a change of −2743.2%. The relationship between sales and direct costs deteriorated. At the margin level, the figure shifted from 4.9% to −282.7%. Weakening gross profitability reduces the quality of the top-line trend.

The operating result measured by EBITDA moved from 1.5 billion dollars to 1.3 billion dollars, or −13.5%. EBITDA expanded faster than the top line. EBITDA margin was 6.5% at the start and 12.4% at the end. The business generated more EBITDA from each unit of revenue.

The final result was −$2.6 billion initially and $1.8 billion in the final year. The trajectory reversed from a loss to positive earnings.

Conclusion

The indicators point to a weaker financial profile. Key strengths include positive operating leverage and net-income growth. The main areas of concern are a narrow gross-profit buffer, limited revenue growth and pressure from direct costs. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement Plains All American Pipeline, L.P.

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

Market Cap

- - - - - 6.09 B 12.4 B 16.7 B 15.2 B 14.4 B 8.32 B 18.2 B 17 B 17 B 11.5 B - - - - -

Shares

- - - - - 728 M 727 M 726 M 717 M 464 M 394 M 367 M 341 M 325 M 298 M - - - - -

Historical Prices

16.8 16.8 13.2 11.7 10.6 7.63 13.8 17.8 15.3 21.3 12.9 28.3 27.6 27.5 19.1 28.6 22.3 24.6 31.2 24.4

Net Income

1.77 B 1.11 B 1.5 B 1.23 B 593 M -2.59 B 2.17 B 2.22 B 856 M 726 M 903 M 1.38 B 1.36 B 1.09 B 966 M 505 M 579 M 437 M 365 M -

Revenue

10.6 B 12 B 47.3 B 57.3 B 42.1 B 23.3 B 33.7 B 34.1 B 26.2 B 20.2 B 23.2 B 43.5 B 42.2 B 37.8 B 34.3 B 25.9 B 18.5 B 30.1 B 20.4 B -

Cost of Revenue

40.4 B 45.2 B 43.9 B 53.2 B 38.5 B 20.4 B 29.5 B 29.8 B 23 B 17.2 B 19.7 B 39.5 B 38.5 B - - - - - - -

Gross Profit

- - - - - 1.13 B 2.31 B 2.48 B 1.43 B 1.27 B 1.54 B 2.12 B 2.09 B 1.77 B 1.84 B 1.03 B 1.03 B - - -

Operating Income

355 M -16 M 1.26 B 1.29 B 851 M -2.38 B 1.99 B 2.28 B 1.15 B 994 M 1.26 B 1.8 B 1.74 B 1.42 B 1.3 B 767 M 779 M 594 M 518 M -

Interest Expense

108 M 64 M 386 M 405 M 425 M 436 M 425 M 431 M 510 M 467 M 432 M 348 M 313 M 288 M 253 M 248 M 224 M 196 M 162 M -

EBITDA

1.31 B 885 M 2.17 B 2.26 B 1.62 B 1.51 B 2.62 B 2.68 B 1.78 B 1.49 B 1.69 B 2.18 B 2.1 B 1.91 B 1.55 B 1.02 B 1.02 B 805 M 698 M -

Operating Expenses

- - - - - 271 M 297 M 316 M 276 M 279 M 278 M 325 M 359 M 342 M 543 M - - - - -

General and Administrative Expenses

342 M 328 M 299 M 325 M 292 M 271 M 297 M 316 M 276 M 279 M 278 M 325 M 359 M 342 M 294 M 260 M 211 M 160 M 164 M -

All numbers in USD currency

Quarterly Income Statement Plains All American Pipeline, L.P.

2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2 2010-Q1 2009-Q3 2009-Q2

Net Income

152 M 441 M 210 M 443 M 220 M 250 M 266 M 203 M 293 M 422 M - - 203 M 187 M - -59 M -220 M 422 M -28 M 143 M 142 M -2.85 B 306 M 449 M 446 M 970 M 1.12 B 710 M 100 M 288 M 191 M 33 M 188 M 444 M 126 M 297 M 101 M 202 M 247 M 249 M 124 M 283 M 389 M 323 M 287 M 384 M 309 M 231 M 292 M 528 M 320 M 165 M 378 M 230 M 278 M 281 M 225 M 182 M 81 M 131 M 151 M 122 M 136 M

Revenue

12.5 B 11.6 B 10.6 B 12 B 12.7 B 12.9 B 12 B 12.1 B 11.6 B 12.3 B - - 16.4 B 13.7 B - 10.8 B 9.93 B 8.38 B 5.96 B 5.83 B 3.22 B 8.27 B 9.15 B 7.89 B 8.25 B 8.38 B 8.79 B 8.79 B 8.08 B 8.4 B 7.6 B 5.87 B 6.08 B 6.67 B 5.95 B 5.17 B 4.95 B 4.11 B 5 B 5.55 B 6.66 B 5.94 B 9.46 B 11.1 B 11.2 B 11.7 B 10.6 B 10.7 B 10.3 B 10.6 B 9.44 B 9.35 B 9.79 B 9.22 B 8.88 B 8.84 B 8.86 B 7.69 B 6.41 B 6.12 B 6.12 B 4.86 B 4.28 B

Cost of Revenue

11.5 B 10.6 B 9.76 B 10.8 B 11.6 B 11.9 B 10.9 B 11.1 B 10.5 B 11.3 B - - 15.3 B 12.8 B - 10.1 B 9.28 B 7.39 B - 5.11 B 2.52 B 7.37 B - 6.86 B 7.24 B 7.12 B - 7.77 B 7.55 B 7.52 B - 5.33 B 5.32 B 5.59 B - 4.43 B 4.22 B 3.35 B - 4.7 B 5.85 B 5.04 B - 10.2 B 10.3 B - - - - - - - - - - - - - - - - - -

Gross Profit

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 487 M 371 M 513 M - 530 M 488 M 609 M - 408 M 485 M 748 M - 466 M 557 M 380 M - 426 M 365 M 348 M - - - - -

Operating Income

405 M 484 M 239 M 533 M 347 M 374 M 370 M 234 M 378 M 473 M - - 411 M 293 M - -38 M -236 M 526 M -65 M 253 M 210 M -2.77 B 331 M 492 M 451 M 714 M 1.32 B 493 M 88 M 381 M 261 M 44 M 257 M 591 M 218 M 349 M 146 M 282 M 344 M 335 M 211 M 372 M 532 M 406 M 367 M 495 M 394 M 296 M 383 M 655 M 402 M 247 M 462 M 313 M 359 M 357 M 298 M 285 M 150 M 192 M 211 M 166 M 183 M

Interest Expense

8 M 14 M 31 M 26 M 26 M 23 M 95 M 97 M 95 M 98 M - - 99 M 107 M - 106 M 107 M 107 M - 113 M 108 M 108 M - 108 M 103 M 101 M - 110 M 111 M 106 M - 134 M 127 M 129 M - 113 M 114 M 112 M - 109 M 107 M 105 M - 85 M 82 M 78 M - 72 M 75 M 77 M - 74 M 75 M 65 M - 62 M 62 M 65 M 64 M 62 M 58 M 59 M 56 M

EBITDA

648 M 714 M 474 M 795 M 604 M 631 M 624 M 494 M 637 M 729 M - - 653 M 523 M - 140 M -40 M 703 M -65 M 413 M 376 M -2.6 B 331 M 648 M 598 M 850 M 1.32 B 622 M 218 M 508 M 261 M 195 M 386 M 712 M 218 M 382 M 350 M 396 M 344 M 442 M 319 M 476 M 532 M 503 M 467 M 591 M 394 M 389 M 383 M 655 M 402 M 247 M 548 M 373 M 359 M 422 M 361 M 348 M 211 M 256 M 278 M 225 M 239 M

General and Administrative Expenses

81 M 83 M 82 M 100 M 98 M 93 M 96 M 92 M 85 M 86 M - - 78 M 82 M - 67 M 72 M 67 M - 61 M 72 M 69 M - 74 M 75 M 76 M - 74 M 80 M 79 M - 68 M 68 M 74 M - 70 M 73 M 67 M - 60 M 79 M 78 M - 78 M 90 M 89 M - 79 M 91 M 106 M - 81 M 89 M 94 M - 56 M 73 M 70 M 56 M 56 M 62 M 52 M 54 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Plains All American Pipeline, L.P. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

Reports on the profits and losses of other stocks in the Oil gas midstream industry

Issuer Price % 24h Market Cap Country
Diamond S Shipping Inc. Diamond S Shipping Inc.
DSSI
- 2.00 % $ 394 M usaUSA
NavSight Holdings, Inc. NavSight Holdings, Inc.
NSH
- 7.58 % $ 285 M usaUSA
TC PipeLines, LP TC PipeLines, LP
TCP
- 1.65 % $ 2.21 B usaUSA
Teekay LNG Partners L.P. Teekay LNG Partners L.P.
TGP
- -0.12 % $ 1.47 B bermudaBermuda
GasLog Partners LP GasLog Partners LP
GLOP
- 61.31 % $ 441 M greeceGreece
Cheniere Energy Cheniere Energy
LNG
- -0.73 % $ 40.2 B usaUSA
Tsakos Energy Navigation Limited Tsakos Energy Navigation Limited
TNP
- -0.54 % $ 864 M greeceGreece
Overseas Shipholding Group Overseas Shipholding Group
OSG
- - $ 666 M usaUSA
Cheniere Energy Partners, L.P. Cheniere Energy Partners, L.P.
CQP
$ 63.76 -0.81 % $ 30.9 B usaUSA
Plains GP Holdings, L.P. Plains GP Holdings, L.P.
PAGP
$ 27.92 1.49 % $ 5.53 B usaUSA
Enterprise Products Partners L.P. Enterprise Products Partners L.P.
EPD
$ 36.59 -1.05 % $ 79 B usaUSA
U.S. Well Services U.S. Well Services
USWS
- -0.45 % $ 91 M usaUSA
Delek Logistics Partners, LP Delek Logistics Partners, LP
DKL
$ 56.77 -0.89 % $ 3.28 B usaUSA
Genesis Energy, L.P. Genesis Energy, L.P.
GEL
$ 14.03 -0.5 % $ 1.72 B usaUSA
Equitrans Midstream Corporation Equitrans Midstream Corporation
ETRN
- - $ 5.39 B usaUSA
Shell Midstream Partners, L.P. Shell Midstream Partners, L.P.
SHLX
- - $ 6.22 B usaUSA
Summit Midstream Partners, LP Summit Midstream Partners, LP
SMLP
- - $ 167 M usaUSA
Evolve Transition Infrastructure LP Evolve Transition Infrastructure LP
SNMP
- -0.75 % $ 11.2 M usaUSA
NuStar Energy L.P. NuStar Energy L.P.
NS
- - $ 2.78 B usaUSA
EnLink Midstream, LLC EnLink Midstream, LLC
ENLC
- - $ 6.52 B usaUSA
Magellan Midstream Partners, L.P. Magellan Midstream Partners, L.P.
MMP
- - $ 13.9 B usaUSA
Blueknight Energy Partners, L.P. Blueknight Energy Partners, L.P.
BKEP
- - $ 195 M usaUSA
Crestwood Equity Partners LP Crestwood Equity Partners LP
CEQP
- - $ 2.97 B usaUSA
Rattler Midstream LP Rattler Midstream LP
RTLR
- 2.95 % $ 545 M usaUSA
Brooge Energy Limited Brooge Energy Limited
BROG
- 13.04 % $ 478 M britainBritain
DCP Midstream, LP DCP Midstream, LP
DCP
- -0.02 % $ 8.7 B usaUSA
Holly Energy Partners, L.P. Holly Energy Partners, L.P.
HEP
- - $ 2.59 B usaUSA
Euronav NV Euronav NV
EURN
- - $ 3.69 B belgiumBelgium
Dorian LPG Ltd. Dorian LPG Ltd.
LPG
$ 52.4 0.53 % $ 2.23 B usaUSA
Green Plains Partners LP Green Plains Partners LP
GPP
- - $ 286 M usaUSA
Höegh LNG Partners LP Höegh LNG Partners LP
HMLP
- 0.05 % $ 308 M bermudaBermuda
Martin Midstream Partners L.P. Martin Midstream Partners L.P.
MMLP
$ 2.12 3.41 % $ 82.9 M usaUSA
MPLX LP MPLX LP
MPLX
$ 58.44 0.13 % $ 59.2 B usaUSA
ONEOK ONEOK
OKE
$ 93.12 0.31 % $ 58.2 B usaUSA
Pembina Pipeline Corporation Pembina Pipeline Corporation
PBA
$ 50.66 1.1 % $ 29.4 B canadaCanada
Dynagas LNG Partners LP Dynagas LNG Partners LP
DLNG
$ 3.34 0.3 % $ 122 M greeceGreece
Star Group, L.P. Star Group, L.P.
SGU
$ 12.92 -1.07 % $ 443 M usaUSA
Scorpio Tankers Scorpio Tankers
STNG
$ 83.02 2.72 % $ 3.86 B monacoMonaco
Hess Midstream LP Hess Midstream LP
HESM
$ 31.07 1.3 % $ 6.41 B usaUSA
PBF Logistics LP PBF Logistics LP
PBFX
- -1.19 % $ 1.35 B usaUSA
Teekay Corporation Teekay Corporation
TK
$ 14.17 2.38 % $ 1.22 B bermudaBermuda
Teekay Tankers Ltd. Teekay Tankers Ltd.
TNK
$ 95.99 1.61 % $ 3.32 B bermudaBermuda
Targa Resources Corp. Targa Resources Corp.
TRGP
$ 295.6 1.01 % $ 63.9 B usaUSA
TORM plc TORM plc
TRMD
$ 39.35 3.53 % $ 3.86 B britainBritain
TC Energy Corporation TC Energy Corporation
TRP
$ 62.31 0.84 % $ 64.8 B canadaCanada
Viper Energy Partners LP Viper Energy Partners LP
VNOM
$ 45.68 -0.37 % $ 4.29 B usaUSA
Bristow Group Bristow Group
VTOL
$ 38.54 -0.34 % $ 1.11 B usaUSA
Western Midstream Partners, LP Western Midstream Partners, LP
WES
$ 44.58 0.11 % $ 18.4 B usaUSA
The Williams Companies The Williams Companies
WMB
$ 72.8 3.51 % $ 88.9 B usaUSA