(PAA) Plains All American Pipeline - Ratings and Ratios
Crude Oil, Natural Gas Liquids, Pipeline, Storage, Transportation
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.58% |
| Yield on Cost 5y | 28.00% |
| Yield CAGR 5y | 20.54% |
| Payout Consistency | 95.0% |
| Payout Ratio | 99.8% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 18.5% |
| Value at Risk 5%th | 31.3% |
| Relative Tail Risk | 2.57% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.23 |
| Alpha | -6.55 |
| CAGR/Max DD | 1.17 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.414 |
| Beta | 0.713 |
| Beta Downside | 1.014 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.26% |
| Mean DD | 5.82% |
| Median DD | 4.89% |
Description: PAA Plains All American Pipeline January 03, 2026
Plains All American Pipeline, L.P. (NASDAQ:PAA) operates a U.S. and Canada-wide network that gathers, transports, stores, and terminals crude oil and natural gas liquids (NGL) through pipelines, trucks, barges, and rail. The business is split into two segments: the Crude Oil segment, which handles gathering, transportation, terminaling, storage, and merchant activities; and the NGL segment, which processes natural gas into ethane, propane, normal-butane, iso-butane, and natural gasoline, then fractions, stores, and transports these products for heating, engine, and industrial fuel uses. The company, founded in 1981 and headquartered in Houston, Texas, is a subsidiary of Plains GP Holdings, L.P.
Key performance indicators show the firm moved roughly 6.5 million barrels of crude per day in 2023, generating $10.5 billion in revenue with an adjusted EBITDA margin near 30 %, reflecting the capital-intensive but fee-based nature of midstream operations. A primary economic driver is the volatility of crude-oil prices, which influences merchant activity and terminal utilization, while NGL demand is closely tied to the growth of North American petrochemical capacity that consumes ethane and propane as feedstocks. Regulatory risk-particularly pipeline permitting and environmental scrutiny-remains a material uncertainty that can affect expansion timelines and capacity utilization rates.
If you want a data-rich, unbiased view of how these dynamics translate into valuation metrics, a quick look at ValueRay’s analyst dashboards can be a useful next step.
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) 57.84
| 1. Piotroski 2.50pt |
| 2. FCF Yield 10.27% |
| 3. FCF Margin 4.75% |
| 4. Debt/Equity 0.99 |
| 5. Debt/Ebitda 2.94 |
| 6. ROIC - WACC (= 4.87)% |
| 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 +5.83%, over one month by +6.66%, over three months by +22.69% and over the past year by +6.80%.
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 | 7.2% |
| Analysts Target Price | 20.4 | 7.2% |
| ValueRay Target Price | 25.2 | 32% |
PAA Fundamental Data Overview January 11, 2026
P/E Forward = 8.8968
P/S = 0.2797
P/B = 1.3441
P/EG = 2.2666
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 = 21.58b USD (13.12b + Debt 9.64b - CCE 1.18b)
Interest Coverage Ratio = 3.80 (Ebit TTM 1.93b / Interest Expense TTM 507.0m)
EV/FCF = 9.74x (Enterprise Value 21.58b / FCF TTM 2.22b)
FCF Yield = 10.27% (FCF TTM 2.22b / Enterprise Value 21.58b)
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 = 0.77 (Enterprise Value 21.58b / 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 = 4.09% (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 = 5.51% (E(13.12b)/V(22.76b) * Re(8.54%) + D(9.64b)/V(22.76b) * Rd(1.40%) * (1-Tc(0.01)))
Discount Rate = 8.54% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.07%
[DCF Debug] Terminal Value 87.40% ; FCFF base≈2.22b ; Y1≈2.49b ; Y5≈3.32b
Fair Price DCF = 126.6 (EV 97.76b - Net Debt 8.46b = Equity 89.30b / Shares 705.5m; r=5.90% [WACC]; 5y FCF grow 14.10% → 2.90% )
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
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Fund Manager Positions: Dataroma | Stockcircle