Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
PAA
HOLDAPPROVEPlains All American Pipeline, L.P. · Energy · United States · $15.0B · Avg Vol: $60M/d
Plains All American is a vital midstream operator in the Permian Basin. As global energy supply remains fragile due to Middle East conflicts, US oil and gas production is the critical global swing producer. PAA's high-quality pipeline infrastructure and strong free cash flow generation provide a highly defensive, high-yielding way to play the structural demand for US energy exports.
COMPANY DESCRIPTION
Plains All American Pipeline, L.P. is a leading North American energy infrastructure company specializing in the transportation, storage, and marketing of crude oil and natural gas liquids (NGLs). Its extensive network of pipelines and storage terminals provides critical midstream services, establishing a significant competitive moat through high capital barriers to entry and demand for essential infrastructure. As a Master Limited Partnership (MLP), it focuses on stable, fee-based assets.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 57.3B | 47.3B | 48.9B | 44.3B | -8.3% |
| EPS | 1.19 | 1.40 | 0.73 | 1.66 | 11.7% |
| Shares | 698.4M | 701.0M | 703.8M | 705.5M | +1.0% |
| Debt | 8.8B | 8.0B | 7.8B | 11.5B | 9.4% |
| Equity | 0 | 0 | 0 | 0 | — |
| Op CF | 2.4B | 2.7B | 2.5B | 2.9B | 6.8% |
| Inv CF | -526.0M | -702.0M | -1.5B | -3.8B | — |
| Fin CF | -1.9B | -2.0B | -1.1B | 799.0M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of PAA are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| PAA | Plains All American Pipeline, L.P.(you) | $15.0B | 61 | HOLD |
| VNOM | Viper Energy, Inc. | $15.6B | 57 | HOLD |
| AM | Antero Midstream Corporation | $10.3B | 66 | BUY |
| DTM | DT Midstream, Inc. | $14.7B | 40 | HOLD |
| CQP | Cheniere Energy Partners, L.P. | $28.3B | 48 | HOLD |
| PAGP | Plains GP Holdings, L.P. | $5.4B | 67 | BUY |
| TRGP | Targa Resources Corp. | $55.3B | 63 | HOLD |
| VG | Venture Global, Inc. | $27.3B | 42 | HOLD |
| OKE | ONEOK, Inc. | $53.2B | 55 | HOLD |
| KNTK | Kinetik Holdings Inc. | $7.8B | 43 | HOLD |
Peer medians: ROE 9.6% · P/E 18.5x · Gross margin 40.7%