(PAA) Plains All American Pipeline - Ratings and Ratios
Crude, Ngl, Pipeline, Storage, Terminal
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.57% |
| Yield on Cost 5y | 25.85% |
| Yield CAGR 5y | 4.13% |
| Payout Consistency | 93.0% |
| Payout Ratio | 97.4% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 18.7% |
| Value at Risk 5%th | 31.5% |
| Relative Tail Risk | 2.55% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.48 |
| Alpha | -0.16 |
| CAGR/Max DD | 1.10 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.440 |
| Beta | 0.701 |
| Beta Downside | 0.997 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.26% |
| Mean DD | 5.73% |
| Median DD | 4.69% |
Description: PAA Plains All American Pipeline October 31, 2025
Plains All American Pipeline LP (NASDAQ:PAA) operates a U.S. and Canada-wide network that transports, stores, and terminals crude oil and natural-gas liquids (NGL) through two primary segments: Crude Oil, which gathers and moves crude via pipelines, trucks, barges and rail, and NGL, which processes, fractionates, stores, and transports ethane, propane, normal-butane, iso-butane, and natural gasoline. The company, founded in 1981 and headquartered in Houston, Texas, is a subsidiary of Plains GP Holdings and is classified under the Oil & Gas Storage & Transportation sub-industry.
Key operating metrics (2023-24) include roughly 7.2 million barrels per day of combined crude and NGL pipeline capacity and an adjusted EBITDA of about $1.5 billion, supporting an annual dividend yield near 8%. The business is highly sensitive to U.S. shale production trends-higher crude output expands gathering volumes-while NGL margins are driven by the spread between natural-gas prices and NGL product prices, which have been volatile due to seasonal heating demand and petrochemical feedstock demand. Regulatory risk, particularly around pipeline permitting and environmental compliance, remains a material uncertainty for future expansion.
If you’re looking to deepen your quantitative assessment of PAA’s valuation dynamics, a quick look at ValueRay’s model can provide a data-rich, scenario-based framework to test these drivers.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (1.13b TTM) > 0 and > 6% of Revenue (6% = 2.80b TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA -0.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 0.47% (prev 0.07%; Δ 0.40pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 2.88b > Net Income 1.13b (YES >=105%, WARN >=100%) |
| Net Debt (8.46b) to EBITDA (2.88b) ratio: 2.94 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.04 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (704.0m) change vs 12m ago 0.28% (target <= -2.0% for YES) |
| Gross Margin 3.86% (prev 27.18%; Δ -23.32pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 168.8% (prev 184.8%; Δ -16.05pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.80 (EBITDA TTM 2.88b / Interest Expense TTM 507.0m) >= 6 (WARN >= 3) |
ValueRay F-Score (Strict, 0-100) 57.92
| 1. Piotroski 2.50pt |
| 2. FCF Yield 10.63% |
| 3. FCF Margin 4.75% |
| 4. Debt/Equity 0.99 |
| 5. Debt/Ebitda 2.94 |
| 6. ROIC - WACC (= 4.94)% |
| 7. RoE 10.71% |
| 8. Rev. Trend -68.21% |
| 9. EPS Trend 38.54% |
What is the price of PAA shares?
Over the past week, the price has changed by -0.06%, over one month by +3.26%, over three months by +2.05% and over the past year by +12.57%.
Is PAA a buy, sell or hold?
- Strong Buy: 6
- Buy: 1
- Hold: 7
- Sell: 2
- Strong Sell: 0
What are the forecasts/targets for the PAA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 20.4 | 15.2% |
| Analysts Target Price | 20.4 | 15.2% |
| ValueRay Target Price | 22.6 | 27.2% |
PAA Fundamental Data Overview December 18, 2025
P/E Trailing = 17.0388
P/E Forward = 8.547
P/S = 0.2639
P/B = 1.2913
P/EG = 2.2666
Beta = 0.565
Revenue TTM = 46.63b USD
EBIT TTM = 1.93b USD
EBITDA TTM = 2.88b USD
Long Term Debt = 8.44b USD (from longTermDebt, last quarter)
Short Term Debt = 1.01b USD (from shortTermDebt, last quarter)
Debt = 9.64b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.46b USD (from netDebt column, last quarter)
Enterprise Value = 20.84b USD (12.38b + Debt 9.64b - CCE 1.18b)
Interest Coverage Ratio = 3.80 (Ebit TTM 1.93b / Interest Expense TTM 507.0m)
FCF Yield = 10.63% (FCF TTM 2.22b / Enterprise Value 20.84b)
FCF Margin = 4.75% (FCF TTM 2.22b / Revenue TTM 46.63b)
Net Margin = 2.42% (Net Income TTM 1.13b / Revenue TTM 46.63b)
Gross Margin = 3.86% ((Revenue TTM 46.63b - Cost of Revenue TTM 44.83b) / Revenue TTM)
Gross Margin QoQ = 4.10% (prev 3.41%)
Tobins Q-Ratio = 0.74 (Enterprise Value 20.84b / Total Assets 28.10b)
Interest Expense / Debt = 1.40% (Interest Expense 135.0m / Debt 9.64b)
Taxrate = 1.31% (6.00m / 459.0m)
NOPAT = 1.90b (EBIT 1.93b * (1 - 1.31%))
Current Ratio = 1.04 (Total Current Assets 5.58b / Total Current Liabilities 5.37b)
Debt / Equity = 0.99 (Debt 9.64b / totalStockholderEquity, last quarter 9.76b)
Debt / EBITDA = 2.94 (Net Debt 8.46b / EBITDA 2.88b)
Debt / FCF = 3.82 (Net Debt 8.46b / FCF TTM 2.22b)
Total Stockholder Equity = 10.55b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.02% (Net Income 1.13b / Total Assets 28.10b)
RoE = 10.71% (Net Income TTM 1.13b / Total Stockholder Equity 10.55b)
RoCE = 10.15% (EBIT 1.93b / Capital Employed (Equity 10.55b + L.T.Debt 8.44b))
RoIC = 10.38% (NOPAT 1.90b / Invested Capital 18.34b)
WACC = 5.44% (E(12.38b)/V(22.02b) * Re(8.60%) + D(9.64b)/V(22.02b) * Rd(1.40%) * (1-Tc(0.01)))
Discount Rate = 8.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.21%
[DCF Debug] Terminal Value 77.98% ; FCFE base≈2.22b ; Y1≈2.49b ; Y5≈3.33b
Fair Price DCF = 73.60 (DCF Value 51.93b / Shares Outstanding 705.5m; 5y FCF grow 14.10% → 3.0% )
EPS Correlation: 38.54 | EPS CAGR: 12.59% | SUE: -0.23 | # QB: 0
Revenue Correlation: -68.21 | Revenue CAGR: -3.02% | SUE: -0.95 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.43 | Chg30d=+0.056 | Revisions Net=+1 | Analysts=4
EPS next Year (2026-12-31): EPS=1.73 | Chg30d=-0.067 | Revisions Net=+4 | Growth EPS=-2.8% | Growth Revenue=+1.3%
Additional Sources for PAA Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle