Plains All Amer Financials

PAA

Trailing 12 months to June 30, 2026

Revenue $52.3B +12.2% YoY

Net Income $2.8B +204.2% YoY

EPS (Diluted) Not reported for the trailing 12 months

Free Cash Flow $2.4B +6.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

Plains All Amer (PAA) reported $52.3B in revenue over the twelve months to Jun 30, 2026, up 12.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PAA FY2025 2026-08-29

Improving cash conversion funded larger investment outlays, while rising debt added a second financing channel.

FY2025 produced operating cash flow of $2.9B and free cash flow of $2.3B, indicating that accounting earnings were accompanied by cash after capital spending. However, investing outflow widened to -$3.8B from -$1.5B in FY2024, so stronger internal cash generation was absorbed by substantially heavier investment activity.

FY2025 revenue fell to $44.3B from $48.9B in FY2024, yet gross margin widened to 8.7% from 7.6%. That combination points to mix or cost mechanics improving unit economics despite lower top-line scale, rather than growth-led margin expansion.

Long-term debt rose to $10.7B from $7.2B while the current ratio stayed below 1.0x, showing stronger cash output alongside a less conservative funding posture. Interest expense increased to $554M from $430M, making debt service a more visible claim on operating economics even as operating margin improved.

Financial Health Signals

Financial Health Score 37/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Plains All Amer's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

Piotroski F-Score Neutral

5/9

Plains All Amer passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.66x

For every $1 of reported earnings, Plains All Amer generates $1.66 in operating cash flow ($2.9B OCF vs $1.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.59x

Plains All Amer earns $2.59 in operating income for every $1 of interest expense ($1.4B vs $554.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$44.3B

YoY-9.5%

5Y CAGR+13.7%

10Y CAGR+6.7%

Plains All Amer generated $44.3B in revenue in fiscal year 2025. This represents a decrease of 9.5% from the prior year.

EBITDA

$2.4B

YoY+34.9%

10Y CAGR+3.5%

Plains All Amer's EBITDA was $2.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.9% from the prior year.

Net Income

$1.8B

YoY+59.5%

10Y CAGR+7.0%

Plains All Amer reported $1.8B in net income in fiscal year 2025. This represents an increase of 59.5% from the prior year.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$2.3B

YoY+12.3%

5Y CAGR+24.2%

Plains All Amer generated $2.3B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 12.3% from the prior year.

Cash & Debt

$328.0M

YoY-5.7%

5Y CAGR+71.7%

10Y CAGR+28.4%

Plains All Amer held $328.0M in cash against $10.7B in long-term debt as of fiscal year 2025.

Shares Outstanding

706M

YoY+0.2%

5Y CAGR-0.5%

10Y CAGR+5.9%

Plains All Amer had 706M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

8.6%

YoY+1.0pp

5Y CAGR-3.6pp

10Y CAGR-6.2pp

Plains All Amer's gross margin was 8.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.

Operating Margin

3.2%

YoY+1.5pp

5Y CAGR+13.4pp

10Y CAGR-2.2pp

Plains All Amer's operating margin was 3.2% in fiscal year 2025, reflecting core business profitability. This is up 1.5 percentage points from the prior year.

Net Margin

4.0%

YoY+1.7pp

5Y CAGR+15.1pp

10Y CAGR+0.1pp

Plains All Amer's net profit margin was 4.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.7 percentage points from the prior year.

Return on Equity

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

$8.0M

5Y CAGR-30.7%

Plains All Amer spent $8.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$643.0M

YoY+43.5%

5Y CAGR-2.7%

10Y CAGR-11.1%

Plains All Amer invested $643.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 43.5% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

PAA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PAA quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$52.3B	$44.3B-9.5%	$48.9B+3.3%	$47.3B-17.4%	$57.3B+36.3%	$42.1B+80.7%	$23.3B-30.8%	$33.7B-1.1%	$34.1B+29.9%	$26.2B+29.9%	$20.2B-12.8%	$23.2B-46.7%	$43.5B+2.9%	$42.2B+11.8%	$37.8B+10.3%	$34.3B
Cost of Revenue	N/A	$40.4B-10.5%	$45.2B+2.8%	$43.9B-17.4%	$53.2B+38.1%	$38.5B+88.5%	$20.4B-30.6%	$29.5B-1.1%	$29.8B+29.6%	$23.0B+33.4%	$17.2B-12.6%	$19.7B-50.1%	$39.5B+2.7%	$38.5B	N/A	N/A
Gross Profit	N/A	$3.8B+2.7%	$3.7B+9.6%	$3.4B-18.4%	$4.2B+16.6%	$3.6B+25.0%	$2.9B-32.2%	$4.2B-1.1%	$4.3B+31.6%	$3.2B+9.8%	$2.9B-13.9%	$3.4B+49.5%	$2.3B+5.7%	$2.2B+11.4%	$1.9B+24.7%	$1.6B
SG&A Expenses	N/A	$342.0M+4.3%	$328.0M+9.7%	$299.0M-8.0%	$325.0M+11.3%	$292.0M+7.7%	$271.0M-8.8%	$297.0M-6.0%	$316.0M+14.5%	$276.0M-1.1%	$279.0M+0.4%	$278.0M-14.5%	$325.0M-9.5%	$359.0M+5.0%	$342.0M+16.3%	$294.0M
Operating Income	$1.6B	$1.4B+65.2%	$868.0M-31.0%	$1.3B-2.6%	$1.3B+51.8%	$851.0M+135.8%	-$2.4B-219.5%	$2.0B-12.7%	$2.3B+97.5%	$1.2B+16.0%	$994.0M-21.2%	$1.3B-29.8%	$1.8B+3.5%	$1.7B+22.0%	$1.4B+9.8%	$1.3B
Interest Expense	N/A	$554.0M+28.8%	$430.0M+11.4%	$386.0M-4.7%	$405.0M-4.7%	$425.0M-2.5%	$436.0M+2.6%	$425.0M-1.4%	$431.0M-15.5%	$510.0M+9.2%	$467.0M+8.1%	$432.0M+24.1%	$348.0M+11.2%	$313.0M+8.7%	$288.0M+13.8%	$253.0M
Income Tax	N/A	$15.0M-82.8%	$87.0M+42.6%	$61.0M-67.7%	$189.0M+158.9%	$73.0M+484.2%	-$19.0M-128.8%	$66.0M-66.7%	$198.0M+350.0%	$44.0M+76.0%	$25.0M-75.0%	$100.0M-41.5%	$171.0M+72.7%	$99.0M+83.3%	$54.0M+20.0%	$45.0M
Net Income	$2.8B	$1.8B+59.5%	$1.1B-26.0%	$1.5B+22.0%	$1.2B+89.8%	$648.0M+125.0%	-$2.6B-219.3%	$2.2B-2.0%	$2.2B+158.9%	$856.0M+17.9%	$726.0M-19.6%	$903.0M-34.8%	$1.4B+1.7%	$1.4B+24.4%	$1.1B+13.3%	$966.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$17.7B+41.9%	$12.5B+18.0%	$10.6B-8.7%	$11.6B+8.8%	$10.6B-7.3%	$11.5B-4.6%	$12.0B-3.4%	$12.5B
Cost of Revenue	$16.6B+44.1%	$11.5B	N/A	$10.6B+8.5%	$9.8B-7.2%	$10.5B	N/A	$11.5B
Gross Profit	$1.1B+16.4%	$977.0M	N/A	$993.0M+12.3%	$884.0M-7.9%	$960.0M	N/A	$916.0M
SG&A Expenses	$110.0M+35.8%	$81.0M	N/A	$83.0M+1.2%	$82.0M-3.5%	$85.0M	N/A	$86.0M
Operating Income	$398.0M-1.7%	$405.0M+14.1%	$355.0M-26.7%	$484.0M+102.5%	$239.0M-32.9%	$356.0M+2325.0%	-$16.0M-108.2%	$196.0M
Interest Expense	$153.0M-8.4%	$167.0M	N/A	$135.0M+1.5%	$133.0M+4.7%	$127.0M	N/A	$113.0M
Income Tax	$100.0M+9900.0%	$1.0M	N/A	$6.0M+50.0%	$4.0M-55.6%	$9.0M	N/A	$8.0M
Net Income	$1.8B+1103.9%	$152.0M-55.6%	$342.0M-22.4%	$441.0M+110.0%	$210.0M-52.6%	$443.0M+1130.6%	$36.0M-83.6%	$220.0M

Not reported in any period shown, so not listed: R&D Expenses, EPS (Diluted).

PAA Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PAA quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$30.2B+13.6%	$26.6B-2.9%	$27.4B-1.9%	$27.9B-2.5%	$28.6B+16.8%	$24.5B-14.6%	$28.7B+12.4%	$25.5B+0.6%	$25.4B+4.7%	$24.2B+8.6%	$22.3B+0.4%	$22.2B+9.2%	$20.3B+5.6%	$19.2B+25.1%	$15.4B
Current Assets	$4.7B-1.4%	$4.8B-2.3%	$4.9B-8.3%	$5.4B-12.7%	$6.1B+67.4%	$3.7B-20.5%	$4.6B+30.5%	$3.5B-11.7%	$4.0B-6.4%	$4.3B+43.9%	$3.0B-29.0%	$4.2B-15.8%	$5.0B-3.6%	$5.1B+18.3%	$4.4B
Cash & Equivalents	$328.0M-5.7%	$348.0M-22.7%	$450.0M+12.2%	$401.0M-10.7%	$449.0M+1940.9%	$22.0M-51.1%	$45.0M-31.8%	$66.0M+78.4%	$37.0M-21.3%	$47.0M+74.1%	$27.0M-93.3%	$403.0M+882.9%	$41.0M+70.8%	$24.0M-7.7%	$26.0M
Inventory	$211.0M-19.2%	$261.0M-52.4%	$548.0M-24.8%	$729.0M-6.9%	$783.0M+21.0%	$647.0M+7.1%	$604.0M-5.6%	$640.0M-10.2%	$713.0M-46.9%	$1.3B+46.6%	$916.0M+2.8%	$891.0M-16.3%	$1.1B-11.9%	$1.2B+23.6%	$978.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$2.5B+0.8%	$2.5B-1.8%	$2.6B+9.5%	$2.3B-2.5%	$2.4B-2.4%	$2.5B-1.5%	$2.5B-1.3%	$2.5B+36.7%	$1.9B
Total Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$25.2B+7.9%	$23.4B	N/A	N/A	N/A	N/A
Current Liabilities	$4.9B-0.4%	$5.0B-1.1%	$5.0B-15.1%	$5.9B-5.5%	$6.2B+46.5%	$4.3B-15.2%	$5.0B+45.2%	$3.5B-23.7%	$4.5B-2.9%	$4.7B+36.9%	$3.4B-28.3%	$4.8B-12.1%	$5.4B+4.4%	$5.2B+14.9%	$4.5B
Long-Term Debt	$10.7B+48.3%	$7.2B-1.3%	$7.3B+0.2%	$7.3B-13.2%	$8.4B-10.5%	$9.4B+2.1%	$9.2B+0.5%	$9.1B-0.4%	$9.2B-9.3%	$10.1B-2.4%	$10.4B+19.2%	$8.7B+29.6%	$6.7B+6.3%	$6.3B+39.8%	$4.5B
Total Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$1.0B+6.7%	-$1.1B	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$29.2B-7.6%	$31.6B+4.9%	$30.2B+7.4%	$28.1B+3.5%	$27.2B+0.4%	$27.1B+1.9%	$26.6B-2.2%	$27.2B
Current Assets	$6.5B+6.1%	$6.2B+30.2%	$4.7B-15.2%	$5.6B+19.1%	$4.7B-1.0%	$4.7B-1.4%	$4.8B-7.1%	$5.2B
Cash & Equivalents	$1.1B+519.3%	$171.0M-47.9%	$328.0M-72.2%	$1.2B+157.1%	$459.0M+7.5%	$427.0M+22.7%	$348.0M-45.6%	$640.0M
Inventory	$84.0M-77.9%	$380.0M+80.1%	$211.0M+14.7%	$184.0M+21.9%	$151.0M-54.9%	$335.0M+28.4%	$261.0M-40.1%	$436.0M
Current Liabilities	$5.9B-10.5%	$6.5B+32.7%	$4.9B-8.1%	$5.4B+14.7%	$4.7B-0.3%	$4.7B-5.2%	$5.0B-3.6%	$5.1B
Long-Term Debt	$8.4B-23.0%	$11.0B+2.4%	$10.7B+26.7%	$8.4B+2.9%	$8.2B0.0%	$8.2B+13.8%	$7.2B0.0%	$7.2B

Not reported in any period shown, so not listed: Accounts Receivable, Goodwill, Total Liabilities, Total Equity, Retained Earnings.

PAA Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PAA quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$3.0B	$2.9B+17.9%	$2.5B-8.7%	$2.7B+13.2%	$2.4B+20.6%	$2.0B+31.8%	$1.5B-39.5%	$2.5B-4.0%	$2.6B+4.4%	$2.5B+240.9%	$733.0M-46.0%	$1.4B-32.2%	$2.0B+2.6%	$2.0B+57.6%	$1.2B-47.6%	$2.4B
Capital Expenditures	$601.0M	$643.0M+43.5%	$448.0M+9.8%	$408.0M-10.3%	$455.0M+35.4%	$336.0M-54.5%	$738.0M-37.5%	$1.2B-27.7%	$1.6B+59.6%	$1.0B-23.2%	$1.3B-35.8%	$2.1B+7.6%	$1.9B+19.8%	$1.6B+34.0%	$1.2B+89.6%	$635.0M
Free Cash Flow	$2.4B	$2.3B+12.3%	$2.0B-11.9%	$2.3B+18.7%	$2.0B+17.7%	$1.7B+113.9%	$776.0M-41.3%	$1.3B+35.8%	$974.0M-34.0%	$1.5B+345.4%	-$601.0M+16.6%	-$721.0M-1101.4%	$72.0M-78.9%	$341.0M+847.2%	$36.0M-97.9%	$1.7B
Investing Cash Flow	$756.0M	-$3.8B-150.6%	-$1.5B-114.2%	-$702.0M-33.5%	-$526.0M-236.3%	$386.0M+135.3%	-$1.1B+38.1%	-$1.8B-117.1%	-$813.0M+48.2%	-$1.6B-23.3%	-$1.3B+49.7%	-$2.5B	N/A	N/A	N/A	N/A
Financing Cash Flow	-$3.1B	$799.0M+174.2%	-$1.1B+45.5%	-$2.0B-2.3%	-$1.9B+2.7%	-$2.0B-356.1%	-$435.0M+39.6%	-$720.0M+59.0%	-$1.8B-86.3%	-$943.0M-269.6%	$556.0M-30.5%	$800.0M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$8.0M	$0	$0-100.0%	$74.0M-58.4%	$178.0M+256.0%	$50.0M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$955.0M+128.5%	$418.0M-46.8%	$786.0M-3.8%	$817.0M+17.7%	$694.0M+8.6%	$639.0M-12.1%	$727.0M+5.2%	$691.0M
Capital Expenditures	$138.0M+6.2%	$130.0M-12.2%	$148.0M-20.0%	$185.0M+8.8%	$170.0M+21.4%	$140.0M+32.1%	$106.0M-2.8%	$109.0M
Free Cash Flow	$817.0M+183.7%	$288.0M-54.9%	$638.0M+0.9%	$632.0M+20.6%	$524.0M+5.0%	$499.0M-19.6%	$621.0M+6.7%	$582.0M
Investing Cash Flow	$3.3B+1531.3%	-$233.0M+88.0%	-$1.9B-375.0%	-$408.0M-48.9%	-$274.0M+76.2%	-$1.1B-335.2%	-$264.0M+67.9%	-$822.0M
Financing Cash Flow	-$3.4B-899.7%	-$339.0M-213.4%	$299.0M-6.0%	$318.0M+177.9%	-$408.0M-169.2%	$590.0M+179.0%	-$747.0M-447.4%	$215.0M
Share Buybacks	N/A	N/A	$0	$0	N/A	N/A	$0	$0

Not reported in any period shown, so not listed: Dividends Paid.

PAA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

PAA quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	8.6%+1.0pp	7.6%+0.4pp	7.2%-0.1pp	7.3%-1.2pp	8.5%-3.8pp	12.3%-0.2pp	12.5%0.0pp	12.5%+0.2pp	12.3%-2.3pp	14.6%-0.2pp	14.8%+9.5pp	5.3%+0.1pp	5.1%0.0pp	5.1%+0.6pp	4.5%
Operating Margin	3.2%+1.5pp	1.8%-0.9pp	2.7%+0.4pp	2.3%+0.2pp	2.0%+12.2pp	-10.2%-16.1pp	5.9%-0.8pp	6.7%+2.3pp	4.4%-0.5pp	4.9%-0.5pp	5.5%+1.3pp	4.1%0.0pp	4.1%+0.3pp	3.8%0.0pp	3.8%
Net Margin	4.0%+1.7pp	2.3%-0.9pp	3.2%+1.0pp	2.1%+0.6pp	1.5%+12.7pp	-11.1%-17.6pp	6.5%-0.1pp	6.5%+3.3pp	3.3%-0.3pp	3.6%-0.3pp	3.9%+0.7pp	3.2%0.0pp	3.2%+0.3pp	2.9%+0.1pp	2.8%
Return on Assets	5.9%+1.7pp	4.2%-1.3pp	5.5%+1.1pp	4.4%+2.1pp	2.3%+12.8pp	-10.6%-18.1pp	7.6%-1.1pp	8.7%+5.3pp	3.4%+0.4pp	3.0%-1.1pp	4.0%-2.2pp	6.2%-0.5pp	6.7%+1.0pp	5.7%-0.6pp	6.3%
Current Ratio	0.960.0x	0.970.0x	0.98+0.1x	0.91-0.1x	0.98+0.1x	0.86-0.1x	0.92-0.1x	1.02+0.1x	0.880.0x	0.920.0x	0.870.0x	0.880.0x	0.92-0.1x	0.990.0x	0.96
FCF Margin	5.2%+1.0pp	4.2%-0.7pp	4.9%+1.5pp	3.4%-0.5pp	4.0%+0.6pp	3.3%-0.6pp	3.9%+1.1pp	2.9%-2.8pp	5.6%+8.6pp	-3.0%+0.1pp	-3.1%-3.3pp	0.2%-0.6pp	0.8%+0.7pp	0.1%-5.0pp	5.1%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	6.4%-1.4pp	7.8%	N/A	8.6%+0.3pp	8.3%-0.1pp	8.4%	N/A	7.3%
Operating Margin	2.3%-1.0pp	3.3%-0.1pp	3.4%-0.8pp	4.2%+1.9pp	2.3%-0.9pp	3.1%+3.2pp	-0.1%-1.7pp	1.6%
Net Margin	10.3%+9.1pp	1.2%-2.0pp	3.2%-0.6pp	3.8%+1.8pp	2.0%-1.9pp	3.9%+3.6pp	0.3%-1.5pp	1.8%
Return on Assets	6.3%+5.8pp	0.5%-0.7pp	1.1%-0.4pp	1.6%+0.8pp	0.8%-0.9pp	1.6%+1.5pp	0.1%-0.7pp	0.8%
Current Ratio	1.12+0.2x	0.940.0x	0.96-0.1x	1.040.0x	1.000.0x	1.010.0x	0.970.0x	1.01
FCF Margin	4.6%+2.3pp	2.3%-3.7pp	6.0%+0.6pp	5.5%+0.5pp	4.9%+0.6pp	4.3%-0.8pp	5.2%+0.5pp	4.7%

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Note: The current ratio is below 1.0 (0.96), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Plains All Amer Ranks

Frequently Asked Questions

What is Plains All Amer's annual revenue?

Plains All Amer (PAA) reported $44.3B in total revenue for fiscal year 2025. This represents a -9.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Plains All Amer's revenue growing?

Plains All Amer (PAA) revenue declined by 9.5% year-over-year, from $48.9B to $44.3B in fiscal year 2025.

Is Plains All Amer profitable?

Yes, Plains All Amer (PAA) reported a net income of $1.8B in fiscal year 2025, with a net profit margin of 4.0%.

What is Plains All Amer's EBITDA?

Plains All Amer (PAA) had EBITDA of $2.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Plains All Amer have?

As of fiscal year 2025, Plains All Amer (PAA) had $328.0M in cash and equivalents against $10.7B in long-term debt.

What is Plains All Amer's gross margin?

Plains All Amer (PAA) had a gross margin of 8.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Plains All Amer's operating margin?

Plains All Amer (PAA) had an operating margin of 3.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Plains All Amer's net profit margin?

Plains All Amer (PAA) had a net profit margin of 4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Plains All Amer's free cash flow?

Plains All Amer (PAA) generated $2.3B in free cash flow during fiscal year 2025. This represents a 12.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Plains All Amer's operating cash flow?

Plains All Amer (PAA) generated $2.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Plains All Amer's total assets?

Plains All Amer (PAA) had $30.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Plains All Amer's capital expenditures?

Plains All Amer (PAA) invested $643.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Plains All Amer buy back shares?

Yes, Plains All Amer (PAA) spent $8.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Plains All Amer have outstanding?

Plains All Amer (PAA) had 706M shares outstanding as of fiscal year 2025.

What is Plains All Amer's current ratio?

Plains All Amer (PAA) had a current ratio of 0.96 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Plains All Amer's return on assets (ROA)?

Plains All Amer (PAA) had a return on assets of 5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Plains All Amer's Piotroski F-Score?

Plains All Amer (PAA) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Plains All Amer's earnings high quality?

Plains All Amer (PAA) has an earnings quality ratio of 1.66x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Plains All Amer cover its interest payments?

Plains All Amer (PAA) has an interest coverage ratio of 2.59x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Plains All Amer?

Plains All Amer (PAA) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.