PLAINS ALL AMER PIPELINE LP (PAA) Stock Fundamental Analysis

NASDAQ:PAA • US7265031051

20.89 USD
+0.19 (+0.92%)
At close: Feb 20, 2026
20.9832 USD
+0.09 (+0.45%)
After Hours: 2/20/2026, 8:00:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

PAA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 206 industry peers in the Oil, Gas & Consumable Fuels industry. While PAA is still in line with the averages on profitability rating, there are concerns on its financial health. PAA has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year PAA was profitable.
  • In the past year PAA had a positive cash flow from operations.
  • PAA had positive earnings in each of the past 5 years.
  • Each year in the past 5 years PAA had a positive operating cash flow.
PAA Yearly Net Income VS EBIT VS OCF VS FCFPAA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B -2B

1.2 Ratios

  • The Return On Assets of PAA (3.87%) is comparable to the rest of the industry.
  • The Return On Equity of PAA (11.88%) is better than 68.93% of its industry peers.
  • PAA has a Return On Invested Capital (4.87%) which is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for PAA is significantly below the industry average of 21.98%.
  • The 3 year average ROIC (4.29%) for PAA is below the current ROIC(4.87%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.87%
ROE 11.88%
ROIC 4.87%
ROA(3y)3.13%
ROA(5y)2.75%
ROE(3y)8.83%
ROE(5y)7.74%
ROIC(3y)4.29%
ROIC(5y)4.71%
PAA Yearly ROA, ROE, ROICPAA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • PAA's Profit Margin of 2.61% is in line compared to the rest of the industry. PAA outperforms 40.29% of its industry peers.
  • In the last couple of years the Profit Margin of PAA has grown nicely.
  • PAA's Operating Margin of 3.48% is on the low side compared to the rest of the industry. PAA is outperformed by 66.99% of its industry peers.
  • In the last couple of years the Operating Margin of PAA has declined.
  • PAA has a Gross Margin of 6.47%. This is in the lower half of the industry: PAA underperforms 74.27% of its industry peers.
  • In the last couple of years the Gross Margin of PAA has declined.
Industry RankSector Rank
OM 3.48%
PM (TTM) 2.61%
GM 6.47%
OM growth 3Y4.63%
OM growth 5Y-3.3%
PM growth 3Y22.15%
PM growth 5YN/A
GM growth 3Y6.72%
GM growth 5Y-4.62%
PAA Yearly Profit, Operating, Gross MarginsPAA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 -10

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • PAA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for PAA has been increased compared to 1 year ago.
  • The number of shares outstanding for PAA has been reduced compared to 5 years ago.
  • The debt/assets ratio for PAA is higher compared to a year ago.
PAA Yearly Shares OutstandingPAA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
PAA Yearly Total Debt VS Total AssetsPAA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • PAA has a debt to FCF ratio of 3.64. This is a good value and a sign of high solvency as PAA would need 3.64 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 3.64, PAA is doing good in the industry, outperforming 70.39% of the companies in the same industry.
  • A Debt/Equity ratio of 1.09 is on the high side and indicates that PAA has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.09, PAA is doing worse than 70.39% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF 3.64
Altman-Z N/A
ROIC/WACC0.71
WACC6.89%
PAA Yearly LT Debt VS Equity VS FCFPAA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 0.96 indicates that PAA may have some problems paying its short term obligations.
  • The Current ratio of PAA (0.96) is comparable to the rest of the industry.
  • PAA has a Quick Ratio of 0.96. This is a bad value and indicates that PAA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • PAA has a Quick ratio (0.96) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.96
PAA Yearly Current Assets VS Current LiabilitesPAA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • PAA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.99%.
  • The Earnings Per Share has been growing slightly by 6.64% on average over the past years.
  • Looking at the last year, PAA shows a very negative growth in Revenue. The Revenue has decreased by -10.54% in the last year.
  • PAA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.70% yearly.
EPS 1Y (TTM)1.99%
EPS 3Y6.64%
EPS 5YN/A
EPS Q2Q%-4.76%
Revenue 1Y (TTM)-10.54%
Revenue growth 3Y-8.27%
Revenue growth 5Y13.7%
Sales Q2Q%-14.81%

3.2 Future

  • PAA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.79% yearly.
  • PAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.89% yearly.
EPS Next Y-0.37%
EPS Next 2Y0.12%
EPS Next 3Y-5.18%
EPS Next 5Y5.79%
Revenue Next Year3.27%
Revenue Next 2Y1.76%
Revenue Next 3Y2.89%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
PAA Yearly Revenue VS EstimatesPAA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B 40B 50B
PAA Yearly EPS VS EstimatesPAA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 1 -1 2

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • PAA is valuated correctly with a Price/Earnings ratio of 13.56.
  • PAA's Price/Earnings ratio is a bit cheaper when compared to the industry. PAA is cheaper than 67.96% of the companies in the same industry.
  • PAA is valuated rather cheaply when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 13.62, PAA is valued correctly.
  • Based on the Price/Forward Earnings ratio, PAA is valued a bit cheaper than 66.99% of the companies in the same industry.
  • PAA is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.02, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.56
Fwd PE 13.62
PAA Price Earnings VS Forward Price EarningsPAA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • PAA's Enterprise Value to EBITDA is on the same level as the industry average.
  • PAA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PAA is cheaper than 94.17% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.02
EV/EBITDA 10
PAA Per share dataPAA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • PAA's earnings are expected to decrease with -5.18% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.12%
EPS Next 3Y-5.18%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 8.07%, PAA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.52, PAA pays a better dividend. On top of this PAA pays more dividend than 86.89% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, PAA pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.07%

5.2 History

  • The dividend of PAA decreases each year by -0.28%.
  • PAA has paid a dividend for at least 10 years, which is a reliable track record.
  • PAA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-0.28%
Div Incr Years3
Div Non Decr Years3
PAA Yearly Dividends per sharePAA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

DP0%
EPS Next 2Y0.12%
EPS Next 3Y-5.18%
PAA Yearly Income VS Free CF VS DividendPAA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B -2B

More info and screens

Find the best dividend stocksShow peers with best dividend

PLAINS ALL AMER PIPELINE LP

NASDAQ:PAA (2/20/2026, 8:00:01 PM)

After market: 20.9832 +0.09 (+0.45%)

20.89

+0.19 (+0.92%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-06
Earnings (Next)05-07
Inst Owners38.9%
Inst Owner Change2.33%
Ins Owners0.83%
Ins Owner Change0%
Market Cap14.74B
Revenue(TTM)44.80B
Net Income(TTM)1.17B
Analysts69.57
Price Target20.72 (-0.81%)
Short Float %2.43%
Short Ratio3.25
Dividend
Industry RankSector Rank
Dividend Yield 8.07%
Yearly Dividend1.63
Dividend Growth(5Y)-0.28%
DP0%
Div Incr Years3
Div Non Decr Years3
Ex-Date01-30
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.2%
Min EPS beat(2)-3.3%
Max EPS beat(2)9.7%
EPS beat(4)2
Avg EPS beat(4)4.61%
Min EPS beat(4)-10.05%
Max EPS beat(4)22.11%
EPS beat(8)5
Avg EPS beat(8)5.4%
EPS beat(12)9
Avg EPS beat(12)8.82%
EPS beat(16)11
Avg EPS beat(16)10.61%
Revenue beat(2)0
Avg Revenue beat(2)-12.69%
Min Revenue beat(2)-17.83%
Max Revenue beat(2)-7.54%
Revenue beat(4)0
Avg Revenue beat(4)-15.63%
Min Revenue beat(4)-21.26%
Max Revenue beat(4)-7.54%
Revenue beat(8)0
Avg Revenue beat(8)-10.7%
Revenue beat(12)0
Avg Revenue beat(12)-13.35%
Revenue beat(16)2
Avg Revenue beat(16)-9.29%
PT rev (1m)-0.06%
PT rev (3m)-0.52%
EPS NQ rev (1m)-1.63%
EPS NQ rev (3m)-5.74%
EPS NY rev (1m)0.34%
EPS NY rev (3m)2.95%
Revenue NQ rev (1m)-5.98%
Revenue NQ rev (3m)-9.31%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)-1.89%
Valuation
Industry RankSector Rank
PE 13.56
Fwd PE 13.62
P/S 0.33
P/FCF 5.02
P/OCF 5.02
P/B 1.5
P/tB 1.82
EV/EBITDA 10
EPS(TTM)1.54
EY7.37%
EPS(NY)1.53
Fwd EY7.34%
FCF(TTM)4.16
FCFY19.92%
OCF(TTM)4.16
OCFY19.92%
SpS63.5
BVpS13.94
TBVpS11.46
PEG (NY)N/A
PEG (5Y)N/A
Graham Number21.98
Profitability
Industry RankSector Rank
ROA 3.87%
ROE 11.88%
ROCE 6.17%
ROIC 4.87%
ROICexc 4.94%
ROICexgc 5.31%
OM 3.48%
PM (TTM) 2.61%
GM 6.47%
FCFM 6.55%
ROA(3y)3.13%
ROA(5y)2.75%
ROE(3y)8.83%
ROE(5y)7.74%
ROIC(3y)4.29%
ROIC(5y)4.71%
ROICexc(3y)4.33%
ROICexc(5y)4.78%
ROICexgc(3y)4.7%
ROICexgc(5y)5.23%
ROCE(3y)5.43%
ROCE(5y)5.97%
ROICexgc growth 3Y-9.44%
ROICexgc growth 5Y6.14%
ROICexc growth 3Y-8.48%
ROICexc growth 5Y5.46%
OM growth 3Y4.63%
OM growth 5Y-3.3%
PM growth 3Y22.15%
PM growth 5YN/A
GM growth 3Y6.72%
GM growth 5Y-4.62%
F-Score5
Asset Turnover1.48
Health
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF 3.64
Debt/EBITDA 4.26
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 116.97%
Profit Quality 251.16%
Current Ratio 0.96
Quick Ratio 0.96
Altman-Z N/A
F-Score5
WACC6.89%
ROIC/WACC0.71
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)276.95%
Profit Quality(5y)295.63%
High Growth Momentum
Growth
EPS 1Y (TTM)1.99%
EPS 3Y6.64%
EPS 5YN/A
EPS Q2Q%-4.76%
EPS Next Y-0.37%
EPS Next 2Y0.12%
EPS Next 3Y-5.18%
EPS Next 5Y5.79%
Revenue 1Y (TTM)-10.54%
Revenue growth 3Y-8.27%
Revenue growth 5Y13.7%
Sales Q2Q%-14.81%
Revenue Next Year3.27%
Revenue Next 2Y1.76%
Revenue Next 3Y2.89%
Revenue Next 5YN/A
EBIT growth 1Y16.19%
EBIT growth 3Y-4.02%
EBIT growth 5Y9.95%
EBIT Next Year45.91%
EBIT Next 3Y13.9%
EBIT Next 5Y10.31%
FCF growth 1Y58.7%
FCF growth 3Y16.25%
FCF growth 5Y30.97%
OCF growth 1Y17.91%
OCF growth 3Y6.83%
OCF growth 5Y14.16%

PLAINS ALL AMER PIPELINE LP / PAA FAQ

What is the fundamental rating for PAA stock?

ChartMill assigns a fundamental rating of 4 / 10 to PAA.


What is the valuation status for PAA stock?

ChartMill assigns a valuation rating of 5 / 10 to PLAINS ALL AMER PIPELINE LP (PAA). This can be considered as Fairly Valued.


Can you provide the profitability details for PLAINS ALL AMER PIPELINE LP?

PLAINS ALL AMER PIPELINE LP (PAA) has a profitability rating of 4 / 10.


What is the valuation of PLAINS ALL AMER PIPELINE LP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for PLAINS ALL AMER PIPELINE LP (PAA) is 13.56 and the Price/Book (PB) ratio is 1.5.


What is the financial health of PLAINS ALL AMER PIPELINE LP (PAA) stock?

The financial health rating of PLAINS ALL AMER PIPELINE LP (PAA) is 2 / 10.