Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Plains All American Pipeline Lp

PAA · Nasdaq · Pipe Lines (No Natural Gas)

Fundamental quality

DEMANDING

38

out of 100

Breakdown by area

I.GrowthEPS growth: 3.1% · Revenue growth: -7%
24
II.ProfitabilityNet margin: 2.5% · ROE: -151.9%
30
III.Financial healthNet debt/EBITDA: 2.47x · FCF: 4.6%
59

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • No clearly standout strengths by the system's thresholds.

Risks and weaknesses

  • Thin margins (net margin of 2.5%).
  • Declining revenue (-7% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
202142,0785931,660373
202257,3421,0371,953758
202347,3361,2302,319-4
202448,8897722,04259
202544,2621,4352,293235

Between 2021 and 2025, revenue went from $42,078M to $44,262M (+5%) and net income went from $593M to $1,435M (+142%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Plains All American Pipeline Lp a profitable company?

Plains All American Pipeline Lp is profitable, with a net margin of 2.5%, though a thin one.

Does Plains All American Pipeline Lp have a lot of debt?

A moderate level: its net debt is 2.47 times its EBITDA.

Is Plains All American Pipeline Lp growing?

Its revenue has fallen 7% annualized in recent years.

Does Plains All American Pipeline Lp generate cash?

Yes. It converts about 4.6% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Plains All American Pipeline Lp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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