PAA Stock Analysis: Plains All American Pipeline | NASDAQ
Oil & Gas Midstream | NASDAQ, USA | Market Cap: 18.789m USD | 12M Return: 71.4% | US7265031051 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 53.6M
EPS Trend: 89.5%
Qual. Beats: 0
Rev. Trend: -27.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 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 midstream energy company that transports, stores, terminals, and gathers crude oil and natural gas liquids (NGL) across the United States and Canada. The company operates through two segments: Crude Oil, which handles gathering and transportation via pipelines, trucks, barges, and railcars, along with terminalling, storage, and merchant activities; and NGL, which covers natural gas processing, fractionation, storage, transportation, and terminaling. As a master limited partnership (MLP) in the GICS Oil & Gas Storage & Transportation sub-industry, PAA generates revenue largely through fee-based, volume-driven services tied to the movement and handling of hydrocarbons.
The NGL segment produces and handles ethane, propane, normal butane, iso-butane, and natural gasoline, which are derived from natural gas processing and crude oil refining. These components serve as feedstocks and fuels for heating, engine, and industrial applications, linking PAAs operations to both petrochemical demand and end-user energy markets. The company was founded in 1981 and is headquartered in Houston, Texas.
PAA is a subsidiary of Plains GP Holdings, L.P., reflecting the typical MLP structure in which a publicly traded general partner manages the partnership. The stock trades on NASDAQ under the ticker PAA and is classified as a large-cap energy issuer.
- Permian basin crude throughput volumes drive pipeline tariff revenue
- NGL fractionation margins sensitive to ethane and propane price spreads
- Capital allocation prioritizes debt reduction and distribution coverage
| Net Income: 2.77b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.33 > 1.0 |
| NWC/Revenue: 1.30% < 20% (prev 0.02%; Δ 1.28% < -1%) |
| CFO/TA 0.10 > 3% & CFO 2.98b > Net Income 2.77b |
| Net Debt (7.77b) to EBITDA (3.08b): 2.52 < 3 |
| Current Ratio: 1.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (706.0m) vs 12m ago 0.43% < -2% |
| Gross Margin: 4.49% > 18% (prev 28.42%; Δ -23.93% > 0.5%) |
| Asset Turnover: 185.3% > 50% (prev 176.0%; Δ 9.24% > 0%) |
| Interest Coverage Ratio: 3.43 > 6 (EBIT TTM 2.11b / Interest Expense TTM 614.0m) |
| DSRI: 1.35 (Receivables 5.27b/3.56b, Revenue 52.2b/47.8b) |
| GMI: 6.34 (GM 28.42% / 4.49%) |
| AQI: 0.66 (AQ_t 0.20 / AQ_t-1 0.30) |
| SGI: 1.09 (Revenue 52.2b / 47.8b) |
| TATA: -0.01 (NI 2.77b - CFO 2.98b) / TA 29.2b) |
| Beneish M = 1.96 (Cap -4..+1) = D |
As of October 31, 2026, the stock is trading at USD 26.51 with a total of 3,641,047 shares traded. Over the past week, the price has changed by +1.12%, over one month by +12.53%, over three months by +10.35% and over the past year by +71.37%.
Current recommended Stop Loss: 25.70 (which is 3.1% or 1.7 ATR below the current price).
Plains All American Pipeline has received a consensus analysts rating of 3.78. Therefore, it is recommended to hold PAA.
- StrongBuy: 7
- Buy: 2
- Hold: 7
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 26.4 | -0.6% |
P/E Trailing = 22.9569
P/E Forward = 13.0719
P/S = 0.3592
P/B = 1.6189
P/EG = 2.3518
Revenue TTM = 52.2b USD
EBIT TTM = 2.11b USD
EBITDA TTM = 3.08b USD
Long Term Debt = 8.43b USD (from longTermDebt, last quarter)
Short Term Debt = 9.00m USD (from shortTermDebt, last quarter)
Debt = 8.83b USD (from shortLongTermDebtTotal, last quarter) + Leases 194.0m
Net Debt = 7.77b USD (calculated: Debt 8.83b - CCE 1.06b)
Enterprise Value = 26.6b USD (18.8b + Debt 8.83b - CCE 1.06b)
Interest Coverage Ratio = 3.43 (Ebit TTM 2.11b / Interest Expense TTM 614.0m)
EV/FCF = 11.18x (Enterprise Value 26.6b / FCF TTM 2.38b)
FCF Yield = 8.94% (FCF TTM 2.38b / Enterprise Value 26.6b)
FCF Margin = 4.55% (FCF TTM 2.38b / Revenue TTM 52.2b)
Net Margin = 5.30% (Net Income TTM 2.77b / Revenue TTM 52.2b)
Gross Margin = 4.49% ((Revenue TTM 52.2b - Cost of Revenue TTM 49.9b) / Revenue TTM)
Gross Margin QoQ = 4.57% (prev 2.79%)
Tobins Q-Ratio = 0.91 (Enterprise Value 26.6b / Total Assets 29.2b)
Interest Expense / Debt = 6.95% (Interest Expense 614.0m / Debt 8.83b)
Taxrate = 7.03% (105.0m / 1.49b)
NOPAT = 1.96b (EBIT 2.11b * (1 - 7.03%))
Current Ratio = 1.12 (Total Current Assets 6.54b / Total Current Liabilities 5.86b)
Debt / Equity = 0.80 (Debt 8.83b / totalStockholderEquity, last quarter 11.1b)
Debt / EBITDA = 2.52 (Net Debt 7.77b / EBITDA 3.08b)
Debt / FCF = 3.27 (Net Debt 7.77b / FCF TTM 2.38b)
Total Stockholder Equity = 10.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.81% (Net Income 2.77b / Total Assets 29.2b)
RoE = 27.46% (Net Income TTM 2.77b / Total Stockholder Equity 10.1b)
RoCE = 11.39% (EBIT 2.11b / Capital Employed (Equity 10.1b + L.T.Debt 8.43b))
RoIC = 8.78% (NOPAT 1.96b / Invested Capital 22.3b)
WACC = 6.16% (E(18.8b)/V(27.6b) * Re(6.02%) + D(8.83b)/V(27.6b) * Rd(6.95%) * (1-Tc(0.07)))
Discount Rate = 6.02% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.33 | Cagr: 0.32%
[DCF] Terminal Value 76.90% ; FCFF base≈2.27b ; Y1≈2.51b ; Y5≈3.22b
[DCF] Fair Price = 58.58 (EV 49.1b - Net Debt 7.77b = Equity 41.3b / Shares 705.6m; r=8.35% [WACC [floored]]; 5y FCF grow 12.13% → 2.50% )
EPS Correlation: 89.49 | EPS CAGR: 4.79% | SUE: 0.23 | # QB: 0
Revenue Correlation: -27.00 | Revenue CAGR: -1.33% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.46 | Chg30d=+3.68% | Revisions=+17% | Analysts=8
EPS current Year (2026-12-31): EPS=1.73 | Chg30d=+2.99% | Revisions=+0% | GrowthEPS=+12.2% | GrowthRev=+35.2%
EPS next Year (2027-12-31): EPS=1.95 | Chg30d=+3.02% | Revisions=+17% | GrowthEPS=+12.8% | GrowthRev=+4.6%
[Analyst] Revisions Ratio: +18% (up=5, down=3)