Plains All American Pipeline: 8%+ Yield, 10% Dividend Growth
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PAA reports weaker Q4 results, with earnings and sales below expectations, but shares a steady 2026 outlook on EBITDA and cash flow.
The headline numbers for Plains All American (PAA) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PAA heads into Q4 earnings with lower revenue estimates, stable fee-based cash flows and EPIC Crude synergies in focus.
PAA and ET, with their vast pipeline network, provide valuable support to the oil and gas industry.
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From a technical perspective, Plains All American Pipeline, L.P. (PAA) is looking like an interesting pick, as it just reached a key level of support.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Plains All American remains primarily a yield play, not a capital appreciation or growth vehicle. PAA shares are up 4% year-to-date, with total returns at 11.3%, including distributions. Recent Q3'25 results show operating income up 147% YoY, driven by asset sales and lower field operating costs.
Plains All American (PAA) reported earnings 30 days ago. What's next for the stock?
Plains All American is a high-yield midstream company trading at a value range with a 9% distribution yield and strong fundamentals. PAA's recent EPIC pipeline acquisition enhances its crude oil logistics network, expands export exposure, and is expected to generate mid-teens IRR and immediate synergies. The distribution is well-covered and further increases are possible as NGL sale proceeds are redeployed.