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Plains All American Pipeline (PAA) Financials

Plains All American Pipeline logo
$16.88 +0.14 (+0.84%)
Closing price 05/27/2025 04:00 PM Eastern
Extended Trading
$16.97 +0.09 (+0.53%)
As of 05/27/2025 06:17 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Plains All American Pipeline

Annual Income Statements for Plains All American Pipeline

This table shows Plains All American Pipeline's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
772 1,230 1,037 593 -2,590 2,171 2,216 856 726 903
Consolidated Net Income / (Loss)
1,113 1,502 1,228 648 -2,580 2,180 2,216 858 730 906
Net Income / (Loss) Continuing Operations
1,113 1,502 1,228 648 -2,580 2,180 2,216 858 730 906
Total Pre-Tax Income
1,280 1,623 1,417 721 -2,599 2,246 2,414 902 755 1,006
Total Operating Income
1,178 1,510 1,292 851 -2,375 1,988 2,277 1,153 994 1,262
Total Gross Profit
4,513 4,181 4,166 3,574 2,859 4,217 4,262 3,238 2,949 3,426
Total Revenue
50,073 48,712 57,342 42,078 23,290 33,669 34,055 26,223 20,182 23,152
Operating Revenue
50,073 48,712 57,342 42,078 23,290 33,669 34,055 26,223 20,182 23,152
Total Cost of Revenue
45,560 44,531 53,176 38,504 20,431 29,452 29,793 22,985 17,233 19,726
Operating Cost of Revenue
45,560 44,531 53,176 38,504 20,431 29,452 29,793 22,985 17,233 19,726
Total Operating Expenses
3,335 2,671 2,874 2,723 5,234 2,229 1,985 2,085 1,955 2,164
Selling, General & Admin Expense
2,149 1,775 1,640 1,357 1,347 1,600 1,579 1,459 1,461 1,732
Depreciation Expense
1,026 1,048 965 774 653 601 520 517 514 432
Impairment Charge
160 -152 269 592 3,234 28 -114 109 -20 -
Total Other Income / (Expense), net
102 113 125 -130 -224 258 137 -251 -239 -256
Interest Expense
430 386 405 425 436 425 431 510 467 432
Interest & Investment Income
467 397 749 276 173 659 575 290 195 183
Other Income / (Expense), net
65 102 -219 19 39 24 -7.00 -31 33 -7.00
Income Tax Expense
167 121 189 73 -19 66 198 44 25 100
Net Income / (Loss) Attributable to Noncontrolling Interest
341 272 191 55 10 9.00 0.00 2.00 4.00 3.00
Basic Earnings per Share
$0.73 $1.40 $1.19 $0.55 ($3.83) $1,967,000,002.70 $2.77 $0.96 - -
Weighted Average Basic Shares Outstanding
702M 699M 701M 716M 728M 727M 726M 717M 466M 396M
Diluted Earnings per Share
$0.73 $1.40 $1.19 $0.55 ($3.83) $2,119,000,002.65 $2,164,000,002.71 $0.95 - -
Weighted Average Diluted Shares Outstanding
702M 699M 701M 716M 728M 800M 799M 718M 466M 396M
Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 0.00 0.00 0.00 0.00 718M 466M 396M

Quarterly Income Statements for Plains All American Pipeline

This table shows Plains All American Pipeline's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
36 220 250 266 312 203 293 422 263 384
Consolidated Net Income / (Loss)
120 312 330 351 399 279 349 475 310 442
Net Income / (Loss) Continuing Operations
120 312 330 351 399 279 349 475 310 442
Total Pre-Tax Income
166 357 392 365 438 265 392 528 322 551
Total Operating Income
87 347 374 370 425 234 378 473 -38 626
Total Gross Profit
1,174 1,186 1,075 1,078 1,140 965 1,058 1,018 957 1,265
Total Revenue
12,402 12,743 12,933 11,995 12,698 12,071 11,602 12,341 12,953 14,336
Operating Revenue
12,402 12,743 12,933 11,995 12,698 12,071 11,602 12,341 12,953 14,336
Total Cost of Revenue
11,228 11,557 11,858 10,917 11,558 11,106 10,544 11,323 11,996 13,071
Operating Cost of Revenue
11,228 11,557 11,858 10,917 11,558 11,106 10,544 11,323 11,996 13,071
Total Operating Expenses
1,087 839 701 708 715 731 680 545 995 639
Selling, General & Admin Expense
671 581 443 454 450 464 418 443 426 401
Depreciation Expense
258 257 257 254 273 260 259 256 255 238
Impairment Charge
158 1.00 1.00 0.00 -8.00 7.00 3.00 -154 314 0.00
Total Other Income / (Expense), net
79 10 18 -5.00 13 31 14 55 360 -75
Interest Expense
111 113 111 95 96 97 95 98 100 99
Interest & Investment Income
169 97 106 95 91 128 89 89 442 106
Other Income / (Expense), net
21 26 23 -5.00 18 0.00 20 64 18 -82
Income Tax Expense
46 45 62 14 39 -14 43 53 12 109
Net Income / (Loss) Attributable to Noncontrolling Interest
84 92 80 85 87 76 56 53 47 58
Basic Earnings per Share
($0.04) $0.22 $0.26 $0.29 $0.36 $0.20 $0.32 $0.52 $0.30 $0.48
Weighted Average Basic Shares Outstanding
702M 702M 701M 701M 699M 700M 698M 698M 701M 698M
Diluted Earnings per Share
($0.04) $0.22 $0.26 $0.29 $0.36 $0.20 $0.32 $0.52 $0.30 $0.48
Weighted Average Diluted Shares Outstanding
702M 702M 701M 701M 699M 700M 698M 698M 701M 698M
Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Cash Flow Statements for Plains All American Pipeline

This table details how cash moves in and out of Plains All American Pipeline's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-102 49 -52 393 -22 16 29 -10 20 -376
Net Cash From Operating Activities
2,490 2,727 2,408 1,996 1,514 2,504 2,608 2,499 733 1,358
Net Cash From Continuing Operating Activities
2,490 2,727 2,408 1,998 1,514 2,504 2,608 2,499 733 1,358
Net Income / (Loss) Continuing Operations
1,113 1,502 1,228 648 -2,580 2,180 2,216 858 730 906
Consolidated Net Income / (Loss)
1,113 1,502 1,228 648 -2,580 2,180 2,216 858 730 906
Depreciation Expense
1,026 1,048 965 774 653 601 520 517 514 432
Non-Cash Adjustments To Reconcile Net Income
305 7.00 301 780 3,669 -219 -127 167 28 106
Changes in Operating Assets and Liabilities, net
46 170 -86 -204 -228 -58 -1.00 957 -539 -86
Net Cash From Investing Activities
-1,504 -702 -526 386 -1,093 -1,765 -813 -1,570 -1,273 -2,530
Net Cash From Continuing Investing Activities
-1,504 -702 -526 386 -1,093 -1,765 -813 -1,570 -1,273 -2,530
Purchase of Property, Plant & Equipment
-619 -559 -455 -336 -738 -1,181 -1,634 -1,024 -1,334 -2,079
Acquisitions
-248 -425 -149 -32 -310 -50 0.00 -1,280 -282 -105
Purchase of Investments
-629 0.00 0.00 - - - - - - -
Sale of Property, Plant & Equipment
13 328 60 881 429 77 1,334 1,083 654 5.00
Other Investing Activities, net
-21 -46 18 -127 -474 -611 -513 -370 -311 -351
Net Cash From Financing Activities
-1,077 -1,976 -1,931 -1,984 -435 -720 -1,757 -943 556 800
Net Cash From Continuing Financing Activities
-1,077 -1,976 -1,931 -1,984 -435 -720 -1,757 -943 556 800
Repayment of Debt
-843 -760 -803 -366 -122 -969 -147 -2,040 -1,419 -580
Repurchase of Common Equity
0.00 0.00 -74 -178 -50 0.00 0.00 - - -
Payment of Dividends
-1,570 -1,322 -1,080 -729 -863 -1,202 -1,032 -1,391 -1,627 -1,671
Issuance of Debt
1,279 0.00 0.00 -545 748 998 200 - 748 1,629
Issuance of Common Equity
57 106 26 1.00 - 128 0.00 1,664 838 1,122
Other Net Changes in Cash
-11 0.00 -3.00 -5.00 -8.00 -3.00 -9.00 4.00 - -
Cash Interest Paid
381 377 393 401 428 397 400 486 450 396
Cash Income Taxes Paid
269 69 112 76 111 136 21 50 98 50

Quarterly Cash Flow Statements for Plains All American Pipeline

This table details how cash moves in and out of Plains All American Pipeline's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-292 87 222 -119 190 -673 407 125 -222 356
Net Cash From Operating Activities
727 691 653 419 1,011 85 888 743 334 942
Net Cash From Continuing Operating Activities
727 691 653 419 1,011 85 888 743 334 942
Net Income / (Loss) Continuing Operations
120 312 330 351 399 279 349 475 310 442
Consolidated Net Income / (Loss)
120 312 330 351 399 279 349 475 310 442
Depreciation Expense
257 258 257 254 272 261 259 256 254 238
Non-Cash Adjustments To Reconcile Net Income
126 52 82 45 34 25 126 -178 23 147
Changes in Operating Assets and Liabilities, net
224 69 -16 -231 306 -480 154 190 -253 115
Net Cash From Investing Activities
-264 -822 -157 -261 -258 -438 -164 158 -235 -168
Net Cash From Continuing Investing Activities
-264 -822 -157 -261 -258 -443 -159 158 -235 -168
Purchase of Property, Plant & Equipment
-166 -157 -139 -157 -155 -137 -145 -122 -143 -122
Acquisitions
-104 -33 -20 -91 -136 -289 - 0.00 -81 -
Sale of Property, Plant & Equipment
5.00 2.00 3.00 3.00 42 2.00 - 284 2.00 1.00
Other Investing Activities, net
1.00 -5.00 -1.00 -16 -9.00 -19 -14 -4.00 -13 21
Net Cash From Financing Activities
-747 215 -272 -273 -567 -308 -325 -776 -323 -412
Net Cash From Continuing Financing Activities
-747 215 -272 -273 -567 -308 -325 -776 -323 -412
Repayment of Debt
-362 -32 -444 -5.00 -273 -26 -5.00 -456 -6.00 -60
Payment of Dividends
-402 -398 -383 -387 -347 -335 -320 -320 -317 -263
Issuance of Common Equity
17 16 12 12 53 53 - 0.00 - -
Other Net Changes in Cash
-8.00 3.00 -2.00 -4.00 4.00 -12 8.00 0.00 2.00 -6.00
Cash Interest Paid
112 74 131 64 130 59 123 65 125 67
Cash Income Taxes Paid
33 43 107 86 41 20 26 -18 27 46

Annual Balance Sheets for Plains All American Pipeline

This table presents Plains All American Pipeline's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
26,562 27,355 27,892 28,609 24,497 28,677 25,511 25,351 24,210 22,288
Total Current Assets
4,802 4,913 5,355 6,137 3,665 4,612 3,533 4,000 4,272 2,969
Cash & Equivalents
348 450 401 449 22 45 66 37 47 27
Accounts Receivable
3,901 3,760 3,907 4,705 2,553 3,614 2,454 3,029 2,279 1,785
Inventories, net
439 548 729 783 647 604 640 713 1,343 916
Other Current Assets
114 155 318 200 405 312 373 221 603 241
Plant, Property, & Equipment, net
15,424 15,782 15,250 14,903 14,611 15,355 14,787 14,089 13,872 13,474
Plant, Property & Equipment, gross
21,300 21,143 20,020 19,257 18,585 18,948 17,866 16,862 16,220 15,654
Accumulated Depreciation
5,876 5,361 4,770 4,354 3,974 3,593 3,079 2,773 2,348 2,180
Total Noncurrent Assets
6,336 6,660 7,287 2,606 6,221 8,710 7,191 7,262 6,066 5,845
Long-Term Investments
2,811 2,820 3,084 - 3,764 3,683 2,702 2,756 2,343 2,027
Intangible Assets
1,677 1,875 2,145 1,960 805 - - - - -
Other Noncurrent Operating Assets
1,848 1,965 2,058 646 1,652 2,487 1,968 1,940 1,379 1,413
Total Liabilities & Shareholders' Equity
26,562 27,355 27,892 28,609 24,497 28,677 25,511 25,351 24,210 22,288
Total Liabilities
13,466 13,623 14,567 15,799 14,759 15,482 13,509 14,393 15,394 14,349
Total Current Liabilities
4,950 5,003 5,891 6,232 4,253 5,017 3,456 4,531 4,664 3,407
Short-Term Debt
408 446 1,159 822 831 504 66 737 1,715 999
Accounts Payable
3,881 3,844 4,044 4,810 2,437 3,686 2,704 3,323 2,588 2,038
Other Current Liabilities
661 713 688 600 985 827 686 471 361 370
Total Noncurrent Liabilities
8,516 8,620 8,676 9,567 10,506 10,465 10,053 9,862 10,730 10,942
Long-Term Debt
7,213 7,305 7,287 8,398 9,382 9,187 10,053 9,862 10,730 10,942
Other Noncurrent Operating Liabilities
1,303 1,315 1,389 1,169 1,124 1,278 - - - -
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
13,096 13,732 13,325 12,810 9,738 13,195 12,002 10,958 8,816 7,939
Total Preferred & Common Equity
9,813 10,422 10,057 9,972 9,593 13,062 12,002 10,958 8,759 7,881
Total Common Equity
9,813 10,422 10,057 9,972 9,593 13,062 12,002 10,958 8,759 7,881
Common Stock
9,813 10,422 10,057 9,972 9,593 13,062 12,002 10,958 7,251 7,881
Noncontrolling Interest
3,283 3,310 3,268 - 145 133 - - 57 58

Quarterly Balance Sheets for Plains All American Pipeline

This table presents Plains All American Pipeline's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
27,155 27,453 27,356 27,735 26,900 27,456 27,457
Total Current Assets
5,169 5,387 5,001 5,331 4,657 5,122 5,574
Cash & Equivalents
640 553 331 260 933 526 623
Accounts Receivable
3,952 4,208 4,040 4,253 3,220 3,968 4,101
Inventories, net
436 502 453 617 367 463 603
Other Current Assets
141 124 177 201 137 165 247
Plant, Property, & Equipment, net
15,651 15,616 15,671 15,589 15,221 15,195 14,565
Plant, Property & Equipment, gross
21,464 21,254 21,162 20,853 20,362 20,138 19,310
Accumulated Depreciation
5,813 5,638 5,491 5,264 5,141 4,943 4,745
Total Noncurrent Assets
6,335 6,450 6,684 6,815 7,022 7,139 7,318
Long-Term Investments
2,846 2,862 2,878 2,830 3,062 3,070 3,684
Intangible Assets
1,674 1,741 1,807 1,969 1,999 2,073 1,785
Other Noncurrent Operating Assets
1,815 1,847 1,999 2,016 1,961 1,996 1,849
Total Liabilities & Shareholders' Equity
27,155 27,453 27,356 27,735 26,900 27,456 27,457
Total Liabilities
13,623 13,875 13,710 14,184 13,298 13,973 14,714
Total Current Liabilities
5,136 5,406 5,144 5,606 4,652 5,366 5,333
Short-Term Debt
765 765 554 710 709 708 459
Accounts Payable
3,675 4,015 3,991 4,145 3,295 4,009 3,995
Other Current Liabilities
696 626 599 751 648 649 879
Total Noncurrent Liabilities
8,487 8,469 8,566 8,578 8,646 8,607 9,381
Long-Term Debt
7,212 7,211 7,308 7,296 7,288 7,288 7,986
Other Noncurrent Operating Liabilities
1,275 1,258 1,258 1,282 1,358 1,319 1,395
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
13,532 13,578 13,646 13,551 13,602 13,483 12,743
Total Preferred & Common Equity
10,235 10,276 10,339 10,285 10,379 10,243 9,944
Total Common Equity
10,235 10,276 10,339 10,285 10,379 10,243 9,944
Common Stock
10,235 10,276 10,339 10,285 10,379 10,243 9,944
Noncontrolling Interest
3,297 3,302 3,307 3,266 3,223 3,240 2,799

Annual Metrics And Ratios for Plains All American Pipeline

This table displays calculated financial ratios and metrics derived from Plains All American Pipeline's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
2.79% -15.05% 36.28% 80.67% -30.83% -1.13% 29.87% 29.93% -12.83% -46.73%
EBITDA Growth
-14.70% 30.52% 23.97% 197.68% -164.41% -6.34% 70.23% 6.36% -8.65% -22.65%
EBIT Growth
-22.89% 50.23% 23.33% 137.24% -216.10% -11.37% 102.32% 9.25% -18.17% -30.16%
NOPAT Growth
-26.70% 24.81% 46.39% 146.01% -186.16% -7.69% 90.58% 14.12% -15.44% -29.03%
Net Income Growth
-25.90% 22.31% 89.51% 125.12% -218.35% -1.62% 158.28% 17.53% -19.43% -34.63%
EPS Growth
-47.86% 17.65% 116.36% 114.36% -100.00% -2.08% 227,789,473,869.47% 0.00% 0.00% 0.00%
Operating Cash Flow Growth
-8.69% 13.25% 20.64% 31.84% -39.54% -3.99% 4.36% 240.93% -46.02% -32.24%
Free Cash Flow Firm Growth
14.21% 368.17% -300.24% -79.43% -38.40% 43.99% 24.71% 1,534.51% 13.89% -117.87%
Invested Capital Growth
-3.60% -0.40% 10.04% 3.04% -15.66% -1.20% 3.14% -0.57% 5.86% 7.44%
Revenue Q/Q Growth
-0.59% -0.52% -12.40% 56.02% -12.05% 1.11% 3.59% 6.73% 4.97% -16.16%
EBITDA Q/Q Growth
-13.36% 22.07% -22.54% 71.43% -26.35% -26.52% 63.64% -0.91% -5.58% -9.20%
EBIT Q/Q Growth
-21.23% 40.30% -36.77% 250.81% -17.56% -32.53% 88.54% 2.94% -12.07% -13.33%
NOPAT Q/Q Growth
-24.67% 42.35% -31.04% 176.96% -20.01% -30.62% 77.28% 4.00% -9.33% -10.92%
Net Income Q/Q Growth
-20.04% 6.30% -13.15% 410.24% -14.82% -27.09% 71.92% 8.06% -14.22% -13.47%
EPS Q/Q Growth
-35.40% 4.48% 0.00% 0.00% -100.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
-10.24% 33.02% -11.11% 23.29% -23.61% -19.02% 39.09% 24.76% -6.51% -30.29%
Free Cash Flow Firm Q/Q Growth
-6.90% 343.32% 17.97% -85.74% -46.09% 18.42% -13.13% 2,124.69% -33.13% -121.14%
Invested Capital Q/Q Growth
-2.58% -1.38% 8.32% 13.91% -0.65% -4.81% 1.16% -4.66% 1.64% 2.19%
Profitability Metrics
- - - - - - - - - -
Gross Margin
9.01% 8.58% 7.27% 8.49% 12.28% 12.52% 12.52% 12.35% 14.61% 14.80%
EBITDA Margin
4.53% 5.46% 3.55% 3.91% -7.23% 7.76% 8.19% 6.25% 7.64% 7.29%
Operating Margin
2.35% 3.10% 2.25% 2.02% -10.20% 5.90% 6.69% 4.40% 4.93% 5.45%
EBIT Margin
2.48% 3.31% 1.87% 2.07% -10.03% 5.98% 6.67% 4.28% 5.09% 5.42%
Profit (Net Income) Margin
2.22% 3.08% 2.14% 1.54% -11.08% 6.47% 6.51% 3.27% 3.62% 3.91%
Tax Burden Percent
86.95% 92.54% 86.66% 89.88% 99.27% 97.06% 91.80% 95.12% 96.69% 90.06%
Interest Burden Percent
102.98% 100.68% 132.06% 82.87% 111.26% 111.63% 106.34% 80.39% 73.52% 80.16%
Effective Tax Rate
13.05% 7.46% 13.34% 10.12% 0.00% 2.94% 8.20% 4.88% 3.31% 9.94%
Return on Invested Capital (ROIC)
5.73% 7.66% 6.42% 4.67% -9.43% 10.03% 10.97% 5.83% 5.24% 6.60%
ROIC Less NNEP Spread (ROIC-NNEP)
7.71% 9.87% 8.89% 2.38% -24.33% 13.80% 12.63% 3.15% 2.92% 4.08%
Return on Net Nonoperating Assets (RNNOA)
2.57% 3.45% 2.98% 1.08% -13.07% 7.27% 8.34% 2.85% 3.48% 4.63%
Return on Equity (ROE)
8.30% 11.10% 9.40% 5.75% -22.50% 17.30% 19.30% 8.68% 8.71% 11.23%
Cash Return on Invested Capital (CROIC)
9.39% 8.06% -3.14% 1.67% 7.56% 11.24% 7.88% 6.40% -0.46% -0.57%
Operating Return on Assets (OROA)
4.61% 5.84% 3.80% 3.28% -8.79% 7.43% 8.93% 4.53% 4.42% 5.64%
Return on Assets (ROA)
4.13% 5.44% 4.35% 2.44% -9.70% 8.05% 8.71% 3.46% 3.14% 4.07%
Return on Common Equity (ROCE)
6.26% 8.40% 7.20% 4.99% -22.23% 17.21% 19.30% 8.65% 8.65% 11.15%
Return on Equity Simple (ROE_SIMPLE)
11.34% 14.41% 12.21% 6.50% -26.89% 16.69% 18.46% 7.83% 8.33% 11.50%
Net Operating Profit after Tax (NOPAT)
1,024 1,397 1,120 765 -1,663 1,930 2,090 1,097 961 1,137
NOPAT Margin
2.05% 2.87% 1.95% 1.82% -7.14% 5.73% 6.14% 4.18% 4.76% 4.91%
Net Nonoperating Expense Percent (NNEP)
-1.98% -2.22% -2.47% 2.29% 14.90% -3.77% -1.66% 2.67% 2.32% 2.52%
Return On Investment Capital (ROIC_SIMPLE)
4.94% 6.50% 5.14% - - - - - - -
Cost of Revenue to Revenue
90.99% 91.42% 92.73% 91.51% 87.72% 87.48% 87.49% 87.65% 85.39% 85.20%
SG&A Expenses to Revenue
4.29% 3.64% 2.86% 3.23% 5.78% 4.75% 4.64% 5.56% 7.24% 7.48%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
6.66% 5.48% 5.01% 6.47% 22.47% 6.62% 5.83% 7.95% 9.69% 9.35%
Earnings before Interest and Taxes (EBIT)
1,243 1,612 1,073 870 -2,336 2,012 2,270 1,122 1,027 1,255
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,269 2,660 2,038 1,644 -1,683 2,613 2,790 1,639 1,541 1,687
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.20 0.93 0.69 0.56 0.48 0.71 0.79 0.85 0.88 0.61
Price to Tangible Book Value (P/TBV)
1.45 1.13 0.88 0.70 0.52 0.89 1.00 1.11 1.20 0.87
Price to Revenue (P/Rev)
0.24 0.20 0.12 0.13 0.20 0.28 0.28 0.35 0.38 0.21
Price to Earnings (P/E)
15.29 7.87 6.68 9.42 0.00 4.29 4.29 10.84 10.60 5.28
Dividend Yield
7.57% 7.74% 8.39% 9.16% 14.30% 10.79% 9.17% 15.24% 14.22% 22.98%
Earnings Yield
6.54% 12.70% 14.96% 10.61% 0.00% 23.31% 23.31% 9.23% 9.43% 18.94%
Enterprise Value to Invested Capital (EV/IC)
1.11 0.96 0.83 0.86 0.69 0.80 0.87 0.91 0.94 0.83
Enterprise Value to Revenue (EV/Rev)
0.39 0.36 0.26 0.34 0.48 0.46 0.50 0.65 0.88 0.64
Enterprise Value to EBITDA (EV/EBITDA)
8.61 6.57 7.44 8.73 0.00 5.88 6.04 10.42 11.56 8.72
Enterprise Value to EBIT (EV/EBIT)
15.72 10.84 14.13 16.51 0.00 7.64 7.43 15.23 17.34 11.72
Enterprise Value to NOPAT (EV/NOPAT)
19.08 12.51 13.54 18.77 0.00 7.97 8.07 15.58 18.53 12.95
Enterprise Value to Operating Cash Flow (EV/OCF)
7.85 6.41 6.30 7.19 7.34 6.14 6.46 6.84 24.29 10.84
Enterprise Value to Free Cash Flow (EV/FCFF)
11.64 11.88 0.00 52.44 8.35 7.11 11.23 14.19 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.58 0.56 0.63 0.72 1.05 0.73 0.84 0.97 1.41 1.50
Long-Term Debt to Equity
0.55 0.53 0.55 0.66 0.96 0.70 0.84 0.90 1.22 1.38
Financial Leverage
0.33 0.35 0.34 0.45 0.54 0.53 0.66 0.90 1.19 1.13
Leverage Ratio
2.01 2.04 2.16 2.36 2.32 2.15 2.22 2.51 2.78 2.76
Compound Leverage Factor
2.07 2.06 2.86 1.95 2.58 2.40 2.36 2.01 2.04 2.21
Debt to Total Capital
36.79% 36.08% 38.79% 41.85% 51.19% 42.34% 45.74% 49.17% 58.53% 60.07%
Short-Term Debt to Total Capital
1.97% 2.08% 5.32% 3.73% 4.17% 2.20% 0.30% 3.42% 8.07% 5.03%
Long-Term Debt to Total Capital
34.82% 34.00% 33.47% 38.12% 47.03% 40.14% 45.45% 45.75% 50.47% 55.04%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
15.85% 15.41% 15.01% 0.00% 0.73% 0.58% 0.00% 0.00% 0.27% 0.29%
Common Equity to Total Capital
47.37% 48.51% 46.19% 45.27% 48.08% 57.07% 54.26% 50.83% 41.20% 39.64%
Debt to EBITDA
3.36 2.91 4.14 5.61 -6.07 3.71 3.63 6.47 8.08 7.08
Net Debt to EBITDA
1.97 1.68 2.43 5.34 -3.80 2.27 2.63 4.76 6.53 5.86
Long-Term Debt to EBITDA
3.18 2.75 3.58 5.11 -5.57 3.52 3.60 6.02 6.96 6.49
Debt to NOPAT
7.44 5.55 7.54 12.05 -6.14 5.02 4.84 9.66 12.95 10.51
Net Debt to NOPAT
4.36 3.21 4.43 11.47 -3.84 3.07 3.52 7.12 10.46 8.70
Long-Term Debt to NOPAT
7.04 5.23 6.51 10.98 -5.64 4.76 4.81 8.99 11.16 9.63
Altman Z-Score
2.56 2.40 2.45 1.78 0.79 1.75 2.05 1.54 1.25 1.40
Noncontrolling Interest Sharing Ratio
24.58% 24.31% 23.36% 13.23% 1.21% 0.53% 0.00% 0.29% 0.69% 0.72%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.97 0.98 0.91 0.98 0.86 0.92 1.02 0.88 0.92 0.87
Quick Ratio
0.86 0.84 0.73 0.83 0.61 0.73 0.73 0.68 0.50 0.53
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
1,679 1,470 -548 274 1,332 2,162 1,501 1,204 -84 -97
Operating Cash Flow to CapEx
410.89% 1,180.52% 609.62% 0.00% 489.97% 226.81% 869.33% 0.00% 107.79% 65.48%
Free Cash Flow to Firm to Interest Expense
3.91 3.81 -1.35 0.64 3.05 5.09 3.48 2.36 -0.18 -0.23
Operating Cash Flow to Interest Expense
5.79 7.06 5.95 4.70 3.47 5.89 6.05 4.90 1.57 3.14
Operating Cash Flow Less CapEx to Interest Expense
4.38 6.47 4.97 5.98 2.76 3.29 5.36 5.02 0.11 -1.66
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.86 1.76 2.03 1.58 0.88 1.24 1.34 1.06 0.87 1.04
Accounts Receivable Turnover
13.07 12.71 13.32 11.59 7.55 11.10 12.42 9.88 9.93 10.52
Inventory Turnover
92.32 69.74 70.34 53.85 32.66 47.35 44.04 22.36 15.26 21.83
Fixed Asset Turnover
3.21 3.14 3.80 2.85 1.55 2.23 2.36 1.88 1.48 1.80
Accounts Payable Turnover
11.80 11.29 12.01 10.63 6.67 9.22 9.89 7.78 7.45 7.85
Days Sales Outstanding (DSO)
27.92 28.72 27.41 31.48 48.32 32.89 29.38 36.94 36.75 34.68
Days Inventory Outstanding (DIO)
3.95 5.23 5.19 6.78 11.17 7.71 8.29 16.32 23.92 16.72
Days Payable Outstanding (DPO)
30.94 32.33 30.39 34.35 54.69 39.60 36.92 46.93 48.99 46.48
Cash Conversion Cycle (CCC)
0.93 1.63 2.21 3.91 4.81 1.00 0.75 6.33 11.68 4.92
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
17,558 18,213 18,286 16,618 16,127 19,121 19,353 18,764 18,871 17,826
Invested Capital Turnover
2.80 2.67 3.29 2.57 1.32 1.75 1.79 1.39 1.10 1.35
Increase / (Decrease) in Invested Capital
-655 -73 1,668 491 -2,994 -232 589 -107 1,045 1,234
Enterprise Value (EV)
19,546 17,476 15,161 14,360 11,119 15,371 16,858 17,084 17,807 14,714
Market Capitalization
11,801 9,685 6,932 5,589 4,585 9,312 9,507 9,278 7,695 4,769
Book Value per Share
$13.95 $14.87 $14.40 $14.02 $13.17 $17.94 $16.53 $15.11 $21.21 $19.82
Tangible Book Value per Share
$11.56 $12.19 $11.33 $11.27 $12.06 $14.45 $13.05 $11.57 $15.53 $13.77
Total Capital
20,717 21,483 21,771 22,030 19,951 22,886 22,121 21,557 21,261 19,880
Total Debt
7,621 7,751 8,446 9,220 10,213 9,691 10,119 10,599 12,445 11,941
Total Long-Term Debt
7,213 7,305 7,287 8,398 9,382 9,187 10,053 9,862 10,730 10,942
Net Debt
4,462 4,481 4,961 8,771 6,389 5,926 7,351 7,806 10,055 9,887
Capital Expenditures (CapEx)
606 231 395 -545 309 1,104 300 -59 680 2,074
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-88 -94 222 278 183 17 77 169 1,276 534
Debt-free Net Working Capital (DFNWC)
260 356 623 727 243 99 143 206 1,323 561
Net Working Capital (NWC)
-148 -90 -536 -95 -588 -405 77 -531 -392 -438
Net Nonoperating Expense (NNE)
-89 -105 -108 117 918 -250 -126 239 231 231
Net Nonoperating Obligations (NNO)
4,462 4,481 4,961 3,808 6,389 5,926 7,351 7,806 10,055 9,887
Total Depreciation and Amortization (D&A)
1,026 1,048 965 774 653 601 520 517 514 432
Debt-free, Cash-free Net Working Capital to Revenue
-0.18% -0.19% 0.39% 0.66% 0.79% 0.05% 0.23% 0.64% 6.32% 2.31%
Debt-free Net Working Capital to Revenue
0.52% 0.73% 1.09% 1.73% 1.04% 0.29% 0.42% 0.79% 6.56% 2.42%
Net Working Capital to Revenue
-0.30% -0.18% -0.93% -0.23% -2.52% -1.20% 0.23% -2.02% -1.94% -1.89%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.73 $1.40 $1.19 $393,000,000.55 ($3.83) $2.70 $0.00 $0.00 $0.43 $0.78
Adjusted Weighted Average Basic Shares Outstanding
702M 699M 701M 716M 728M 727M 726.58M 725.21M 675.10M 394M
Adjusted Diluted Earnings per Share
$0.73 $1.40 $1.19 $393,000,000.55 ($2,790,000,003.83) $2.65 $0.00 $0.00 $0.43 $0.77
Adjusted Weighted Average Diluted Shares Outstanding
702M 699M 701M 716M 728M 800M 726.58M 725.21M 675.10M 396M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 0.00 0.00 728.05M 726.58M 725.21M 675.10M 394M
Normalized Net Operating Profit after Tax (NOPAT)
1,163 1,257 1,353 1,297 601 1,957 1,986 1,200 942 1,137
Normalized NOPAT Margin
2.32% 2.58% 2.36% 3.08% 2.58% 5.81% 5.83% 4.58% 4.67% 4.91%
Pre Tax Income Margin
2.56% 3.33% 2.47% 1.71% -11.16% 6.67% 7.09% 3.44% 3.74% 4.35%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
2.89 4.18 2.65 2.05 -5.36 4.73 5.27 2.20 2.20 2.91
NOPAT to Interest Expense
2.38 3.62 2.76 1.80 -3.81 4.54 4.85 2.15 2.06 2.63
EBIT Less CapEx to Interest Expense
1.48 3.58 1.67 3.33 -6.07 2.14 4.57 2.32 0.74 -1.90
NOPAT Less CapEx to Interest Expense
0.97 3.02 1.79 3.08 -4.52 1.94 4.15 2.27 0.60 -2.17
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
141.06% 88.02% 87.95% 112.50% -33.45% 55.14% 46.57% 162.12% 222.88% 184.44%
Augmented Payout Ratio
141.06% 88.02% 93.97% 139.97% -35.39% 55.14% 46.57% 162.12% 222.88% 184.44%

Quarterly Metrics And Ratios for Plains All American Pipeline

This table displays calculated financial ratios and metrics derived from Plains All American Pipeline's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - -
Revenue Growth
-2.33% 5.57% 11.47% -2.80% -1.97% -15.80% -29.08% -9.88% -38.53% 33.04%
EBITDA Growth
-48.95% 27.47% -0.46% -21.94% 205.56% -36.70% 22.57% 63.17% -71.71% 506.20%
EBIT Growth
-75.62% 59.40% -0.25% -32.03% 2,315.00% -56.99% 35.84% 109.77% -103.31% 1,233.33%
NOPAT Growth
-83.76% 23.10% -6.44% -16.38% 1,158.27% -50.94% -2.79% 58.78% -107.20% 1,987.83%
Net Income Growth
-69.92% 11.83% -5.44% -26.11% 28.71% -36.88% 39.04% 111.11% -37.50% 903.64%
EPS Growth
-111.11% 10.00% -18.75% -44.23% 20.00% -58.33% 45.45% 173.68% 0.00% 420.00%
Operating Cash Flow Growth
-28.09% 712.94% -26.46% -43.61% 202.69% -90.98% 12.12% 118.53% -47.40% 181.19%
Free Cash Flow Firm Growth
56.01% 155.78% -899.52% -116.65% 127.00% 25.15% 102.22% 121.17% -10,204.18% -210.66%
Invested Capital Growth
-3.60% -2.40% 3.04% 2.33% -0.40% 9.40% 1.79% 0.36% 10.04% 15.71%
Revenue Q/Q Growth
-2.68% -1.47% 7.82% -5.54% 5.19% 4.04% -5.99% -4.72% -9.65% -12.37%
EBITDA Q/Q Growth
-42.16% -3.52% 5.65% -13.43% 44.44% -24.66% -17.15% 238.89% -70.08% 45.90%
EBIT Q/Q Growth
-71.05% -6.05% 8.77% -17.61% 89.32% -41.21% -25.88% 2,785.00% -103.68% 85.67%
NOPAT Q/Q Growth
-79.26% -3.68% -11.51% -8.10% 57.15% -26.79% -20.91% 1,263.14% -107.29% 45.06%
Net Income Q/Q Growth
-61.54% -5.45% -5.98% -12.03% 43.01% -20.06% -26.53% 53.23% -29.86% 76.10%
EPS Q/Q Growth
-118.18% -15.38% -10.34% -19.44% 80.00% -37.50% -38.46% 73.33% -37.50% 118.18%
Operating Cash Flow Q/Q Growth
5.21% 5.82% 55.85% -58.56% 1,089.41% -90.43% 19.52% 122.46% -64.54% 18.94%
Free Cash Flow Firm Q/Q Growth
-3.93% 439.43% -265.75% -113.08% 134.35% -4,965.09% -92.38% 121.21% 4.76% -44.36%
Invested Capital Q/Q Growth
-2.58% -0.64% -0.87% 0.47% -1.38% 4.90% -1.56% -2.20% 8.32% -2.39%
Profitability Metrics
- - - - - - - - - -
Gross Margin
9.47% 9.31% 8.31% 8.99% 8.98% 7.99% 9.12% 8.25% 7.39% 8.82%
EBITDA Margin
2.94% 4.95% 5.06% 5.16% 5.63% 4.10% 5.66% 6.43% 1.81% 5.45%
Operating Margin
0.70% 2.72% 2.89% 3.08% 3.35% 1.94% 3.26% 3.83% -0.29% 4.37%
EBIT Margin
0.87% 2.93% 3.07% 3.04% 3.49% 1.94% 3.43% 4.35% -0.15% 3.79%
Profit (Net Income) Margin
0.97% 2.45% 2.55% 2.93% 3.14% 2.31% 3.01% 3.85% 2.39% 3.08%
Tax Burden Percent
72.29% 87.40% 84.18% 96.16% 91.10% 105.28% 89.03% 89.96% 96.27% 80.22%
Interest Burden Percent
153.70% 95.71% 98.74% 100.00% 98.87% 113.25% 98.49% 98.32% -1,610.00% 101.29%
Effective Tax Rate
27.71% 12.61% 15.82% 3.84% 8.90% -5.28% 10.97% 10.04% 3.73% 19.78%
Return on Invested Capital (ROIC)
1.42% 6.57% 6.77% 7.93% 8.14% 5.65% 8.52% 10.81% -0.93% 14.57%
ROIC Less NNEP Spread (ROIC-NNEP)
2.70% 6.76% 7.12% 7.82% 8.39% 6.38% 8.81% 11.87% 6.98% 13.30%
Return on Net Nonoperating Assets (RNNOA)
0.90% 2.35% 2.24% 2.61% 2.93% 2.20% 2.87% 4.22% 2.34% 5.69%
Return on Equity (ROE)
2.32% 8.92% 9.01% 10.54% 11.07% 7.85% 11.39% 15.04% 1.41% 20.26%
Cash Return on Invested Capital (CROIC)
9.39% 9.89% 4.31% 5.04% 8.06% -3.42% 5.48% 6.81% -3.14% -4.25%
Operating Return on Assets (OROA)
1.62% 5.37% 5.61% 5.37% 6.15% 3.44% 6.30% 8.39% -0.31% 9.62%
Return on Assets (ROA)
1.80% 4.49% 4.67% 5.16% 5.54% 4.10% 5.53% 7.42% 4.86% 7.81%
Return on Common Equity (ROCE)
1.75% 6.76% 6.85% 8.00% 8.38% 6.04% 8.79% 11.58% 1.08% 17.56%
Return on Equity Simple (ROE_SIMPLE)
0.00% 13.60% 13.23% 13.33% 0.00% 13.74% 15.18% 14.43% 0.00% 14.22%
Net Operating Profit after Tax (NOPAT)
63 303 315 356 387 246 337 426 -37 502
NOPAT Margin
0.51% 2.38% 2.43% 2.97% 3.05% 2.04% 2.90% 3.45% -0.28% 3.50%
Net Nonoperating Expense Percent (NNEP)
-1.28% -0.19% -0.35% 0.11% -0.25% -0.72% -0.29% -1.06% -7.90% 1.28%
Return On Investment Capital (ROIC_SIMPLE)
0.30% - - - 1.80% - - - -0.17% -
Cost of Revenue to Revenue
90.53% 90.69% 91.69% 91.01% 91.02% 92.01% 90.88% 91.75% 92.61% 91.18%
SG&A Expenses to Revenue
5.41% 4.56% 3.43% 3.78% 3.54% 3.84% 3.60% 3.59% 3.29% 2.80%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
8.76% 6.58% 5.42% 5.90% 5.63% 6.06% 5.86% 4.42% 7.68% 4.46%
Earnings before Interest and Taxes (EBIT)
108 373 397 365 443 234 398 537 -20 544
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
365 631 654 619 715 495 657 793 234 782
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.20 1.17 1.20 1.17 0.93 0.95 0.87 0.77 0.69 0.66
Price to Tangible Book Value (P/TBV)
1.45 1.40 1.44 1.42 1.13 1.17 1.07 0.97 0.88 0.80
Price to Revenue (P/Rev)
0.24 0.24 0.25 0.25 0.20 0.20 0.18 0.14 0.12 0.10
Price to Earnings (P/E)
15.29 11.40 11.94 11.26 7.87 8.27 6.60 6.23 6.68 5.35
Dividend Yield
7.57% 7.16% 6.66% 6.49% 7.74% 7.30% 7.53% 8.11% 8.39% 8.48%
Earnings Yield
6.54% 8.77% 8.38% 8.88% 12.70% 12.10% 15.14% 16.05% 14.96% 18.71%
Enterprise Value to Invested Capital (EV/IC)
1.11 1.10 1.11 1.10 0.96 0.97 0.92 0.87 0.83 0.80
Enterprise Value to Revenue (EV/Rev)
0.39 0.39 0.41 0.41 0.36 0.37 0.32 0.28 0.26 0.21
Enterprise Value to EBITDA (EV/EBITDA)
8.61 7.54 8.12 8.07 6.57 8.23 6.58 6.64 7.44 5.12
Enterprise Value to EBIT (EV/EBIT)
15.72 12.51 14.02 13.93 10.84 15.62 11.12 11.50 14.13 7.94
Enterprise Value to NOPAT (EV/NOPAT)
19.08 14.51 15.45 15.10 12.51 18.28 12.82 12.16 13.54 8.30
Enterprise Value to Operating Cash Flow (EV/OCF)
7.85 7.11 9.30 8.35 6.41 8.75 5.58 5.54 6.30 4.98
Enterprise Value to Free Cash Flow (EV/FCFF)
11.64 10.94 26.16 21.99 11.88 0.00 16.97 12.80 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.58 0.59 0.59 0.58 0.56 0.59 0.59 0.59 0.63 0.66
Long-Term Debt to Equity
0.55 0.53 0.53 0.54 0.53 0.54 0.54 0.54 0.55 0.63
Financial Leverage
0.33 0.35 0.32 0.33 0.35 0.34 0.33 0.36 0.34 0.43
Leverage Ratio
2.01 2.03 2.00 2.02 2.04 2.10 2.12 2.21 2.16 2.34
Compound Leverage Factor
3.09 1.94 1.97 2.02 2.02 2.38 2.09 2.17 -34.81 2.37
Debt to Total Capital
36.79% 37.09% 37.00% 36.55% 36.08% 37.14% 37.02% 37.23% 38.79% 39.86%
Short-Term Debt to Total Capital
1.97% 3.56% 3.55% 2.58% 2.08% 3.29% 3.28% 3.30% 5.32% 2.17%
Long-Term Debt to Total Capital
34.82% 33.53% 33.46% 33.98% 34.00% 33.85% 33.74% 33.93% 33.47% 37.69%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
15.85% 15.33% 15.32% 15.38% 15.41% 15.15% 14.92% 15.08% 15.01% 13.21%
Common Equity to Total Capital
47.37% 47.58% 47.68% 48.07% 48.51% 47.71% 48.05% 47.69% 46.19% 46.93%
Debt to EBITDA
3.36 3.05 3.21 3.16 2.91 3.67 3.24 3.41 4.14 3.21
Net Debt to EBITDA
1.97 1.71 1.84 1.87 1.68 2.26 1.62 1.88 2.43 1.57
Long-Term Debt to EBITDA
3.18 2.75 2.90 2.94 2.75 3.35 2.96 3.11 3.58 3.04
Debt to NOPAT
7.44 5.87 6.11 5.92 5.55 8.16 6.32 6.24 7.54 5.20
Net Debt to NOPAT
4.36 3.30 3.49 3.50 3.21 5.01 3.16 3.44 4.43 2.55
Long-Term Debt to NOPAT
7.04 5.30 5.52 5.50 5.23 7.43 5.76 5.69 6.51 4.92
Altman Z-Score
2.42 2.43 2.39 2.34 2.26 2.19 2.36 2.43 2.32 2.73
Noncontrolling Interest Sharing Ratio
24.58% 24.23% 24.01% 24.13% 24.31% 23.07% 22.84% 22.98% 23.36% 13.36%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.97 1.01 1.00 0.97 0.98 0.95 1.00 0.95 0.91 1.05
Quick Ratio
0.86 0.89 0.88 0.85 0.84 0.81 0.89 0.84 0.73 0.89
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
718 747 -220 -60 460 -1,340 28 362 -1,705 -1,790
Operating Cash Flow to CapEx
451.55% 445.81% 480.15% 272.08% 894.69% 62.96% 612.41% 0.00% 236.88% 778.51%
Free Cash Flow to Firm to Interest Expense
6.47 6.61 -1.98 -0.63 4.79 -13.81 0.29 3.69 -17.05 -18.08
Operating Cash Flow to Interest Expense
6.55 6.12 5.88 4.41 10.53 0.88 9.35 7.58 3.34 9.52
Operating Cash Flow Less CapEx to Interest Expense
5.10 4.74 4.66 2.79 9.35 -0.52 7.82 9.23 1.93 8.29
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.86 1.84 1.83 1.76 1.76 1.77 1.84 1.93 2.03 2.53
Accounts Receivable Turnover
13.07 12.28 13.38 12.08 12.71 11.72 11.64 10.08 13.32 16.64
Inventory Turnover
92.32 87.16 104.58 96.34 69.74 73.72 104.88 104.47 70.34 82.46
Fixed Asset Turnover
3.21 3.22 3.22 3.13 3.14 3.25 3.43 3.73 3.80 4.74
Accounts Payable Turnover
11.80 11.74 12.43 11.03 11.29 11.05 10.77 9.51 12.01 13.46
Days Sales Outstanding (DSO)
27.92 29.73 27.28 30.22 28.72 31.14 31.35 36.19 27.41 21.93
Days Inventory Outstanding (DIO)
3.95 4.19 3.49 3.79 5.23 4.95 3.48 3.49 5.19 4.43
Days Payable Outstanding (DPO)
30.94 31.10 29.36 33.09 32.33 33.04 33.89 38.38 30.39 27.12
Cash Conversion Cycle (CCC)
0.93 2.82 1.41 0.92 1.63 3.05 0.94 1.31 2.21 -0.77
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
17,558 18,023 18,139 18,299 18,213 18,467 17,604 17,883 18,286 16,881
Invested Capital Turnover
2.80 2.76 2.78 2.67 2.67 2.77 2.94 3.14 3.29 4.16
Increase / (Decrease) in Invested Capital
-655 -444 535 416 -73 1,586 309 64 1,668 2,292
Enterprise Value (EV)
19,546 19,735 20,171 20,054 17,476 17,944 16,218 15,567 15,161 13,480
Market Capitalization
11,801 11,947 12,308 12,094 9,685 9,762 8,993 7,927 6,932 6,543
Book Value per Share
$13.95 $14.60 $14.66 $14.75 $14.87 $14.73 $14.86 $14.67 $14.40 $14.25
Tangible Book Value per Share
$11.56 $12.21 $12.17 $12.17 $12.19 $11.91 $12.00 $11.70 $11.33 $11.69
Total Capital
20,717 21,509 21,554 21,508 21,483 21,557 21,599 21,479 21,771 21,188
Total Debt
7,621 7,977 7,976 7,862 7,751 8,006 7,997 7,996 8,446 8,445
Total Long-Term Debt
7,213 7,212 7,211 7,308 7,305 7,296 7,288 7,288 7,287 7,986
Net Debt
4,462 4,491 4,561 4,653 4,481 4,916 4,002 4,400 4,961 4,138
Capital Expenditures (CapEx)
161 155 136 154 113 135 145 -162 141 121
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-88 158 193 80 -94 175 -219 -62 222 77
Debt-free Net Working Capital (DFNWC)
260 798 746 411 356 435 714 464 623 700
Net Working Capital (NWC)
-148 33 -19 -143 -90 -275 5.00 -244 -536 241
Net Nonoperating Expense (NNE)
-57 -8.74 -15 4.81 -12 -33 -12 -49 -347 60
Net Nonoperating Obligations (NNO)
4,462 4,491 4,561 4,653 4,481 4,916 4,002 4,400 4,961 4,138
Total Depreciation and Amortization (D&A)
257 258 257 254 272 261 259 256 254 238
Debt-free, Cash-free Net Working Capital to Revenue
-0.18% 0.31% 0.39% 0.17% -0.19% 0.36% -0.43% -0.11% 0.39% 0.12%
Debt-free Net Working Capital to Revenue
0.52% 1.58% 1.50% 0.85% 0.73% 0.89% 1.39% 0.83% 1.09% 1.07%
Net Working Capital to Revenue
-0.30% 0.07% -0.04% -0.30% -0.18% -0.56% 0.01% -0.44% -0.93% 0.37%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.04) $0.22 $0.26 $0.29 $0.36 $0.20 $0.32 $0.52 $0.30 $333,000,000.48
Adjusted Weighted Average Basic Shares Outstanding
702M 702M 701M 701M 699M 700M 698M 698M 701M 698M
Adjusted Diluted Earnings per Share
($0.04) $0.22 $0.26 $0.29 $0.36 $0.20 $0.32 $0.52 $0.30 $333,000,000.48
Adjusted Weighted Average Diluted Shares Outstanding
702M 702M 701M 701M 699M 700M 698M 698M 701M 698M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)
177 304 316 356 380 169 339 287 266 502
Normalized NOPAT Margin
1.43% 2.39% 2.44% 2.97% 2.99% 1.40% 2.92% 2.33% 2.05% 3.50%
Pre Tax Income Margin
1.34% 2.80% 3.03% 3.04% 3.45% 2.20% 3.38% 4.28% 2.49% 3.84%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.97 3.30 3.58 3.84 4.61 2.41 4.19 5.48 -0.20 5.49
NOPAT to Interest Expense
0.57 2.68 2.84 3.75 4.03 2.54 3.54 4.34 -0.37 5.07
EBIT Less CapEx to Interest Expense
-0.48 1.93 2.35 2.22 3.44 1.02 2.66 7.13 -1.61 4.27
NOPAT Less CapEx to Interest Expense
-0.88 1.31 1.61 2.12 2.86 1.15 2.02 6.00 -1.78 3.85
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
141.06% 108.84% 106.84% 100.80% 88.02% 91.44% 77.41% 79.63% 87.95% 67.61%
Augmented Payout Ratio
141.06% 108.84% 106.84% 100.80% 88.02% 91.44% 77.41% 79.63% 93.97% 77.16%

Frequently Asked Questions About Plains All American Pipeline's Financials

When does Plains All American Pipeline's fiscal year end?

According to the most recent income statement we have on file, Plains All American Pipeline's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Plains All American Pipeline's net income changed over the last 9 years?
Plains All American Pipeline's net income for the last 5 years looks like this:
  • 2020: -$2.58 billion
  • 2021: $648 million
  • 2022: $1.23 billion
  • 2023: $1.50 billion
  • 2024: $1.11 billion
See Plains All American Pipeline's forecast for analyst expectations on what’s next for the company.
What is Plains All American Pipeline's operating income?
Plains All American Pipeline's total operating income in 2024 was $1.18 billion, based on the following breakdown:
  • Total Gross Profit: $4.51 billion
  • Total Operating Expenses: $3.34 billion
How has Plains All American Pipeline revenue changed over the last 9 years?

Over the last 9 years, Plains All American Pipeline's total revenue changed from $23.15 billion in 2015 to $50.07 billion in 2024, a change of 116.3%.

How much debt does Plains All American Pipeline have?

Plains All American Pipeline's total liabilities were at $13.47 billion at the end of 2024, a 1.2% decrease from 2023, and a 6.2% decrease since 2015.

How much cash does Plains All American Pipeline have?

In the past 9 years, Plains All American Pipeline's cash and equivalents has ranged from $22 million in 2020 to $450 million in 2023, and is currently $348 million as of their latest financial filing in 2024.

How has Plains All American Pipeline's book value per share changed over the last 9 years?

Over the last 9 years, Plains All American Pipeline's book value per share changed from 19.82 in 2015 to 13.95 in 2024, a change of -29.6%.



This page (NYSE:PAA) was last updated on 5/28/2025 by MarketBeat.com Staff
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