Plains All American Pipeline, L.P. (PAA)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
PAA Chart
Plains All American: Growth Prospects Strengthening Due To Oil Prices (Rating Upgrade)
Plains All American Pipeline is a leading crude oil midstream MLP with a 6.90% yield and critical Permian Basin infrastructure. PAA's growth outlook has improved as sustained oil prices above $80/barrel could drive upstream production and organic volume gains. The unit price has surged nearly 39% since late 2024, compressing the yield but reflecting optimism around higher energy prices and capital expansion.
Plains All American: This 7% Yield Still Has Plenty Of Fuel
Plains All American remains a compelling midstream play, leveraging Permian production growth and Gulf Coast export demand for robust income and returns. PAA delivered 19% YoY crude oil adjusted EBITDA growth in Q2 2026, driven by Cactus III integration, bolt-on acquisitions, and higher volumes. Management guides for 15% full-year crude oil adjusted EBITDA growth and is increasing growth capital spending, with new projects expected to boost EBITDA in 2027.
Compared to Estimates, Plains All American (PAA) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Plains All American (PAA) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Plains All American Pipeline, L.P. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 13,903 | $309,471 | $327,415.65 | $17,944.65 | 5.8% |
 Curtis Ellergodt Rothschild Investment LLC | 17,600 | $295,126.4 | $407,792 | $112,665.6 | 38.18% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 114,836 | $2.56M | $2.62M | $63,159.16 | 2.47% |
| PB Patricia Buchholtz ECLECTIC ASSOCIATES Inc. /ADV | 11,918 | $127,515.1 | $292,825.26 | $165,310.16 | 129.64% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 36,498 | $811,897.36 | $844,928.7 | $33,031.34 | 4.07% |
Plains All American Pipeline, L.P. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Theresa Chen Barclays | -1,227.99 | $23,969.82 | $30,227.08 | -$6,257.26 | -26.1% |
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Plains All American Pipeline, L.P. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Willie Chiang CEO | NASDAQ (NGS) Exchange | 726503105 CUSIP |
| US Country | 3,900 Employees | 31 Jul 2026 Last Dividend | 2 Oct 2012 Last Split | 17 Nov 1998 IPO Date |
Overview
Plains All American Pipeline, L.P., a pivotal entity in the energy infrastructure sector, operates extensively within the United States and Canada. Specializing in the transport, terminaling, storage, and gathering of crude oil and natural gas liquids (NGLs), the company has carved a niche in facilitating essential services for the oil and gas industry. It was established in 1981 and has since developed a comprehensive network to support the complex logistics involved in energy distribution. Based in Houston, Texas, Plains All American Pipeline functions under the broader umbrella of Plains GP Holdings, L.P., indicating a significant backing and financial foundation. Operating through two main segments – Crude Oil and NGL – the company embodies a critical link in the energy supply chain, connecting producers with markets efficiently and securely.
Products and Services
- Gathering and Transporting Crude Oil:
Under its Crude Oil segment, Plains All American Pipeline specializes in the collection and transportation of crude oil. Utilizing a combination of pipelines, gathering systems, trucks, barges, and railcars, the company ensures a flexible and reliable delivery process. This includes traversing extensive geographical areas to reach various processing plants, refineries, and export terminals, essentially facilitating the movement from extraction sites to areas of processing and use.
- Terminaling and Storage Services:
Offering comprehensive terminaling and storage solutions, the company plays an integral role in the crude oil and NGL supply chains. These services include the safekeeping and handling of petroleum products within extensive storage facilities. Furthermore, terminal operations ensure these commodities are efficiently transferred to and from transportation modes, such as pipelines and ships, securing a seamless link in the distribution chain.
- Merchant Activities:
Alongside its primary operations, Plains All American engages in merchant activities within the Crude Oil segment. This aspect covers the buying, selling, and trading of crude oil and other petroleum products, leveraging market conditions to facilitate commerce and support client needs across various industries.
- Natural Gas Processing and NGL Fractionation:
The NGL segment delves into more specialized operations, including the processing of natural gas to separate and collect NGL components. This process, crucial for the production of cleaner energy sources, involves fractionating the raw stream of natural gases to extract valuable elements like ethane, propane, and butane, which find extensive use across different industries.
- NGL Storage, Transportation, and Terminaling:
Similar to its crude oil operations, Plains All American Pipeline provides essential services for the storage, transport, and terminaling of NGLs. This includes developing infrastructure to support the handling of these products, ensuring their safe and efficient delivery from production points to markets or for further processing, reflecting the company’s versatility in managing both crude oil and NGL logistics.
- Industrial and Heating Fuels:
The products derived from the company's NGL operations, such as ethane, propane, normal butane, iso-butane, and natural gasoline, are integral to various applications. They serve as vital components in heating, engine fuels, and industrial processes, demonstrating the essential role Plains All American plays in supporting a wide range of energy needs.
