US · USD
PAA
Plains All American Pipeline LP
- Day's range
- $23.76 – $24.28
- Day's volume
- $40.6M
- 52-week range
- $14.64 – $26.10
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See how PAA weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountPAA in numbers
- Market cap
- $16.9B
- P/E
- 6.10
- Dividend yield (12m)
- 6.83%
The 12-month dividend yield of PAA is 6.83%, below its 5-year average of 7.55%.
PAA price history
PAA risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +45.36% | +86.53% | +271.22% |
| Volatility (annualized) | 18.91% | 22.68% | 24.20% |
| Largest drawdown | -7.52% | -16.87% | -16.87% |
| Positive months | 9/12 | 20/36 | 38/60 |
How much did investing in PAA return?
$1,000.00 invested on 11/01/2021 would be worth $3,712.21 today.
- Value today in PAA
- $3,712.21
- Return over the period
- +271.22%
- Return per year
- +30.51%
- In the S&P 500
- $1,702.20
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
PAA fundamentals
Valuation
- P/E6.10
- P/B—
- EV/EBITDA6.45
- EV/EBIT10.27
- EV/Revenue0.32
- P/EBIT10.27
- P/S0.32
- P/OCF5.67
- P/FCF7.10
- Earnings yield9.73%
- PEG ratio—
- Earnings per share$3.92
- Book value per share—
Debt
- Net debt—
- Net debt/EBITDA—
- Net debt/Equity—
- Debt/Equity—
- Current ratio1.12
- Quick ratio1.10
- Cash ratio0.18
Efficiency
- Gross margin7.84%
- EBITDA margin5.00%
- Operating margin3.14%
- Net margin5.29%
- Asset turnover1.79
Profitability
- ROE—
- ROA9.46%
- ROIC—
- Payout41.66%
Growth
- Revenue CAGR (5 years)11.68%
- Earnings CAGR (5 years)54.22%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is PAA's fair price?
Two classic value formulas, with today's numbers. The current price is $23.91.
- Graham's fair price
- —
- PAA's earnings per share and book value per share are not available, so the formula cannot be computed.
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $18.04
- 24.54% below the price
$1.08 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
PAA's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 7.16 | 10.83 | 7.08 | 6.68 | 10.16 | -2.30 | 6.17 | 6.57 |
| EV/EBITDA | 5.31 | 6.80 | 4.90 | 3.64 | 4.05 | — | 5.17 | 5.21 |
| Dividend yield | 8.46% | 7.44% | 7.06% | 7.08% | 7.71% | 13.11% | 7.50% | 5.99% |
| Earnings per share | $2.51 | $1.58 | $2.14 | $1.76 | $0.92 | -$3.59 | $2.98 | $3.05 |
| Gross margin | 8.65% | 7.62% | 7.18% | 7.27% | 8.49% | 12.28% | 12.52% | 12.52% |
| EBITDA margin | 5.39% | 3.62% | 4.58% | 3.94% | 3.86% | -7.39% | 7.69% | 8.21% |
| Net margin | 4.00% | 2.27% | 3.17% | 2.15% | 1.54% | -11.12% | 6.45% | 6.51% |
PAA's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $44.3B | $48.9B | $47.3B | $57.3B | $42.1B | $23.3B |
| Cost of revenue | -$40.4B | -$45.2B | -$43.9B | -$53.2B | -$38.5B | -$20.4B |
| Gross profit | $3.8B | $3.7B | $3.4B | $4.2B | $3.6B | $2.9B |
| EBITDA | $2.4B | $1.8B | $2.2B | $2.3B | $1.6B | -$1.7B |
| EBIT | $1.4B | $868M | $1.3B | $1.3B | $851M | -$2.4B |
| Financial result | — | — | — | — | — | — |
| Income before tax | $1.4B | $969M | $1.4B | $1.4B | $721M | -$2.6B |
| Income tax | -$15M | -$87M | -$61M | -$189M | -$73M | $19M |
| Net income | $1.8B | $1.1B | $1.5B | $1.2B | $648M | -$2.6B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does PAA pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 10/29/2026 | 11/13/2026 | $0.42 |
Dividend yield per year
- 9.45%2017
- 5.99%2018
- 7.50%2019
- 13.11%2020
- 7.71%2021
- 7.08%2022
- 7.06%2023
- 7.44%2024
- 8.46%2025
- 5.24%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 07/30/2026 | 08/14/2026 | $0.42 |
| Dividend | 04/30/2026 | 05/15/2026 | $0.42 |
| Dividend | 01/29/2026 | 02/13/2026 | $0.42 |
| Dividend | 10/30/2025 | 11/14/2025 | $0.38 |
| Dividend | 07/30/2025 | 08/14/2025 | $0.38 |
| Dividend | 04/30/2025 | 05/15/2025 | $0.38 |
| Dividend | 01/30/2025 | 02/14/2025 | $0.38 |
| Dividend | 10/30/2024 | 11/14/2024 | $0.32 |
| Dividend | 07/30/2024 | 08/14/2024 | $0.32 |
| Dividend | 04/29/2024 | 05/15/2024 | $0.32 |
| Dividend | 01/29/2024 | 02/14/2024 | $0.32 |
| Dividend | 10/27/2023 | 11/14/2023 | $0.27 |
See all 41 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 07/27/2023 | 08/14/2023 | $0.27 |
| Dividend | 04/27/2023 | 05/15/2023 | $0.27 |
| Dividend | 01/27/2023 | 02/14/2023 | $0.27 |
| Dividend | 10/27/2022 | 11/14/2022 | $0.22 |
| Dividend | 07/27/2022 | 08/12/2022 | $0.22 |
| Dividend | 04/27/2022 | 05/13/2022 | $0.22 |
| Dividend | 01/27/2022 | 02/14/2022 | $0.18 |
| Dividend | 10/27/2021 | 11/12/2021 | $0.18 |
| Dividend | 07/28/2021 | 08/13/2021 | $0.18 |
| Dividend | 04/28/2021 | 05/14/2021 | $0.18 |
| Dividend | 01/27/2021 | 02/12/2021 | $0.18 |
| Dividend | 10/28/2020 | 11/13/2020 | $0.18 |
| Dividend | 07/29/2020 | 08/14/2020 | $0.18 |
| Dividend | 04/29/2020 | 05/15/2020 | $0.18 |
| Dividend | 05/06/2020 | 05/15/2020 | $0.18 |
| Dividend | 01/29/2020 | 02/14/2020 | $0.36 |
| Dividend | 10/29/2019 | 11/14/2019 | $0.36 |
| Dividend | 07/29/2019 | 08/14/2019 | $0.36 |
| Dividend | 04/29/2019 | 05/15/2019 | $0.36 |
| Dividend | 01/29/2019 | 02/14/2019 | $0.30 |
| Dividend | 10/29/2018 | 11/14/2018 | $0.30 |
| Dividend | 07/27/2018 | 08/14/2018 | $0.30 |
| Dividend | 04/27/2018 | 05/15/2018 | $0.30 |
| Dividend | 01/29/2018 | 02/14/2018 | $0.30 |
| Dividend | 10/27/2017 | 11/14/2017 | $0.30 |
| Dividend | 07/26/2017 | 08/14/2017 | $0.55 |
| Dividend | 04/26/2017 | 05/15/2017 | $0.55 |
| Dividend | 01/26/2017 | 02/14/2017 | $0.55 |
| Dividend | 10/26/2016 | 11/14/2016 | $0.55 |
About Plains All American Pipeline Lp
- Sector
- Transportation and utilities
Questions about PAA
How much is PAA today?
PAA is at $23.91 (0.67% on the day), last traded on 10/05/2026.
How much did PAA pay in dividends in 2025?
PAA paid $1.52 per share in 2025, a dividend yield of 8.46%.
When is the next PAA dividend?
The next announced payment is $0.42 per share on 11/13/2026.
How much did PAA return in 12 months?
PAA returned 45.36% in 12 months, with annualized volatility of 18.91% and a largest drawdown of -7.52%.