PAA Stock Analysis: Plains All American Pipeline | NASDAQ
Oil & Gas Midstream | NASDAQ, USA | Market Cap: 16.319m USD | 12M Return: 37% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 45.4M
EPS Trend: -36.5%
Qual. Beats: 0
Rev. Trend: -76.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Plains All American Pipeline, L.P. (PAA) is a Houston-based midstream energy company that transports, stores, and gathers crude oil and natural gas liquids (NGL) across the United States and Canada. Founded in 1981 and publicly listed since 1998, the company operates through two segments: Crude Oil, which handles pipeline, truck, barge, and rail transportation along with terminalling and merchant activities, and NGL, which covers natural gas processing, fractionation, storage, transportation, and terminaling of products such as ethane, propane, normal butane, iso-butane, and natural gasoline.
As a master limited partnership (MLP) in the oil and gas storage and transportation subsector, PAA generates revenue primarily through fee-based transportation, terminalling, and storage services, which are tied to volumes moved rather than commodity prices. The company operates as a subsidiary of Plains GP Holdings, L.P., the general partner entity that manages the partnerships operations and governance.
- Permian oil volumes drive crude pipeline tariff revenue higher
- NGL segment margins face pressure from weak propane ethane prices
- Distribution growth resumes as leverage targets are achieved
| Net Income: 1.15b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -1.09 > 1.0 |
| NWC/Revenue: -0.84% < 20% (prev 0.09%; Δ -0.93% < -1%) |
| CFO/TA 0.09 > 3% & CFO 2.71b > Net Income 1.15b |
| Net Debt (11.6b) to EBITDA (2.88b): 4.04 < 3 |
| Current Ratio: 0.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (706.0m) vs 12m ago 0.28% < -2% |
| Gross Margin: 4.20% > 18% (prev 27.32%; Δ -23.12% > 0.5%) |
| Asset Turnover: 153.9% > 50% (prev 184.5%; Δ -30.56% > 0%) |
| Interest Coverage Ratio: 3.27 > 6 (EBIT TTM 1.94b / Interest Expense TTM 594.0m) |
| DSRI: 1.39 (Receivables 4.82b/3.82b, Revenue 45.2b/49.9b) |
| GMI: 6.51 (GM 27.32% / 4.20%) |
| AQI: 1.21 (AQ_t 0.27 / AQ_t-1 0.22) |
| SGI: 0.90 (Revenue 45.2b / 49.9b) |
| TATA: -0.05 (NI 1.15b - CFO 2.71b) / TA 31.6b) |
| Beneish M = 2.34 (Cap -4..+1) = D |
As of July 15, 2026, the stock is trading at USD 23.62 with a total of 2,025,638 shares traded. Over the past week, the price has changed by +4.14%, over one month by +7.66%, over three months by +11.42% and over the past year by +37.00%.
Current recommended Stop Loss: 22.50 (which is 4.7% or 2.2 ATR below the current price).
Plains All American Pipeline has received a consensus analysts rating of 3.69. Therefore, it is recommended to hold PAA.
- StrongBuy: 6
- Buy: 1
- Hold: 7
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 23.6 | -0% |
P/E Trailing = 20.8378
P/E Forward = 11.919
P/S = 0.3606
P/B = 1.6538
P/EG = 2.3518
Revenue TTM = 45.2b USD
EBIT TTM = 1.94b USD
EBITDA TTM = 2.88b USD
Long Term Debt = 11.0b USD (from longTermDebt, last quarter)
Short Term Debt = 420.0m USD (from shortTermDebt, last quarter)
Debt = 11.8b USD (from shortLongTermDebtTotal, last quarter) + Leases 202.0m
Net Debt = 11.6b USD (calculated: Debt 11.8b - CCE 171.0m)
Enterprise Value = 27.9b USD (16.3b + Debt 11.8b - CCE 171.0m)
Interest Coverage Ratio = 3.27 (Ebit TTM 1.94b / Interest Expense TTM 594.0m)
EV/FCF = 13.09x (Enterprise Value 27.9b / FCF TTM 2.13b)
FCF Yield = 7.64% (FCF TTM 2.13b / Enterprise Value 27.9b)
FCF Margin = 4.72% (FCF TTM 2.13b / Revenue TTM 45.2b)
Net Margin = 2.54% (Net Income TTM 1.15b / Revenue TTM 45.2b)
Gross Margin = 4.20% ((Revenue TTM 45.2b - Cost of Revenue TTM 43.3b) / Revenue TTM)
Gross Margin QoQ = 2.79% (prev 6.74%)
Tobins Q-Ratio = 0.88 (Enterprise Value 27.9b / Total Assets 31.6b)
Interest Expense / Debt = 5.04% (Interest Expense 594.0m / Debt 11.8b)
Taxrate = 0.67% (9.00m / 1.35b)
NOPAT = 1.93b (EBIT 1.94b * (1 - 0.67%))
Current Ratio = 0.94 (Total Current Assets 6.16b / Total Current Liabilities 6.54b)
Debt / Equity = 1.23 (Debt 11.8b / totalStockholderEquity, last quarter 9.60b)
Debt / EBITDA = 4.04 (Net Debt 11.6b / EBITDA 2.88b)
Debt / FCF = 5.44 (Net Debt 11.6b / FCF TTM 2.13b)
Total Stockholder Equity = 9.73b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.90% (Net Income 1.15b / Total Assets 31.6b)
RoE = 11.77% (Net Income TTM 1.15b / Total Stockholder Equity 9.73b)
RoCE = 9.39% (EBIT 1.94b / Capital Employed (Equity 9.73b + L.T.Debt 11.0b))
RoIC = 7.61% (NOPAT 1.93b / Invested Capital 25.3b)
WACC = 6.41% (E(16.3b)/V(28.1b) * Re(7.42%) + D(11.8b)/V(28.1b) * Rd(5.04%) * (1-Tc(0.01)))
Discount Rate = 7.42% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.07 | Cagr: 0.32%
[DCF] Terminal Value 75.52% ; FCFF base≈2.13b ; Y1≈2.15b ; Y5≈2.30b
[DCF] Fair Price = 34.15 (EV 35.7b - Net Debt 11.6b = Equity 24.1b / Shares 705.5m; r=8.35% [WACC [floored]]; 5y FCF grow 0.61% → 2.50% )
EPS Correlation: -36.54 | EPS CAGR: -9.43% | SUE: -0.12 | # QB: 0
Revenue Correlation: -75.98 | Revenue CAGR: -3.48% | SUE: 0.46 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.42 | Chg30d=+1.58% | Revisions=+0% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.47 | Chg30d=+8.15% | Revisions=+38% | Analysts=7
EPS current Year (2026-12-31): EPS=1.79 | Chg30d=+3.03% | Revisions=+22% | GrowthEPS=+16.4% | GrowthRev=+17.1%
EPS next Year (2027-12-31): EPS=1.98 | Chg30d=+10.43% | Revisions=+44% | GrowthEPS=+10.7% | GrowthRev=+0.4%
[Analyst] Revisions Ratio: +38% (up=15, down=6)