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Plains All American Pipeline, L.P. (PAA)
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN
US7265031051
Sector
Energy
IPO Date
Nov 17, 1998

Highlights

Market Cap
$15.76B
Enterprise Value
$22.54B
EPS (TTM)
$2.04
PE Ratio
10.95
PEG Ratio
0.21
Total Revenue (TTM)
$44.80B
Gross Profit (TTM)
$2.17B
EBITDA (TTM)
$2.96B
Year Range
$15.58 - $22.79
Target Price
$21.20
ROA (TTM)
4.76%
ROE (TTM)
14.60%

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Plains All American Pipeline, L.P., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Plains All American Pipeline, L.P. (PAA) has returned 27.03% so far this year and 21.75% over the past 12 months. Over the last ten years, PAA has returned 8.77% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Plains All American Pipeline, L.P.

1D
-0.62%
1M
6.79%
YTD
27.03%
6M
36.78%
1Y
21.75%
3Y*
31.34%
5Y*
29.02%
10Y*
8.77%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 18, 1998, PAA's average daily return is +0.07%, while the average monthly return is +1.27%. At this rate, your investment would double in approximately 4.6 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +70.7%, while the worst month was Mar 2020 at -61.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PAA closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +39.2%, while the worst single day was Nov 29, 1999 at -46.8%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20269.45%8.68%6.79%27.03%
202518.07%2.73%-1.67%-12.70%-3.16%10.76%1.69%-1.37%-5.22%-1.37%5.84%3.16%14.30%
20243.95%6.35%6.94%-0.12%-1.28%5.00%3.62%-1.37%-3.18%-4.53%14.75%-8.52%21.38%
20238.19%6.34%-5.89%5.59%0.16%9.13%7.46%2.49%0.46%0.67%4.82%-4.60%39.18%
202217.28%-1.86%1.80%-1.72%9.94%-13.78%14.69%6.43%-10.47%15.87%3.76%-5.31%35.79%
20213.75%0.84%7.82%1.71%15.97%7.88%-10.29%-6.79%9.00%1.25%-8.10%0.43%22.24%

Benchmark Metrics

Plains All American Pipeline, L.P. has an annualized alpha of 11.59%, beta of 0.68, and R² of 0.14 versus S&P 500 Index. Calculated based on daily prices since November 19, 1998.

  • This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (66.70%) than losses (43.89%) — typical of diversified or defensive assets.
  • Beta of 0.68 may look defensive, but with R² of 0.14 this stock is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
  • R² of 0.14 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
11.59%
Beta
0.68
0.14
Upside Capture
66.70%
Downside Capture
43.89%

Return for Risk

Risk / Return Rank

PAA ranks 64 for risk / return — better than 64% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


PAA Risk / Return Rank: 6464
Overall Rank
PAA Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
PAA Sortino Ratio Rank: 6262
Sortino Ratio Rank
PAA Omega Ratio Rank: 6464
Omega Ratio Rank
PAA Calmar Ratio Rank: 6262
Calmar Ratio Rank
PAA Martin Ratio Rank: 6060
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Plains All American Pipeline, L.P. (PAA) and compare them to a chosen benchmark (S&P 500 Index).


PAABenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.90

0.90

0.00

Sortino ratio

Return per unit of downside risk

1.28

1.39

-0.10

Omega ratio

Gain probability vs. loss probability

1.18

1.21

-0.03

Calmar ratio

Return relative to maximum drawdown

0.98

1.40

-0.42

Martin ratio

Return relative to average drawdown

2.05

6.61

-4.56

Explore PAA risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Plains All American Pipeline, L.P. provided a 6.97% dividend yield over the last twelve months, with an annual payout of $1.56 per share. The company has been increasing its dividends for 4 consecutive years.


6.00%7.00%8.00%9.00%10.00%11.00%12.00%$0.00$0.50$1.00$1.50$2.00$2.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.56$1.52$1.27$1.07$0.83$0.72$0.90$1.38$1.20$1.95$2.65$2.76

Dividend yield

6.97%8.46%7.44%7.06%7.08%7.71%10.92%7.50%5.99%9.45%8.21%11.93%

Monthly Dividends

The table displays the monthly dividend distributions for Plains All American Pipeline, L.P.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.42$0.00$0.00$0.42
2025$0.38$0.00$0.00$0.00$0.38$0.00$0.38$0.00$0.00$0.38$0.00$0.00$1.52
2024$0.32$0.00$0.00$0.32$0.00$0.00$0.32$0.00$0.00$0.32$0.00$0.00$1.27
2023$0.27$0.00$0.00$0.27$0.00$0.00$0.27$0.00$0.00$0.27$0.00$0.00$1.07
2022$0.18$0.00$0.00$0.22$0.00$0.00$0.22$0.00$0.00$0.22$0.00$0.00$0.83
2021$0.18$0.00$0.00$0.18$0.00$0.00$0.18$0.00$0.00$0.18$0.00$0.00$0.72

Dividend Yield & Payout


Dividend Yield

Plains All American Pipeline, L.P. has a dividend yield of 6.97%, which means its dividend payment is significantly above the market average.

Payout Ratio

Plains All American Pipeline, L.P. has a payout ratio of 67.76%, which is quite average when compared to the overall market. This suggests that Plains All American Pipeline, L.P. strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Plains All American Pipeline, L.P.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Plains All American Pipeline, L.P. was 91.99%, occurring on Mar 18, 2020. The portfolio has not yet recovered.

The current Plains All American Pipeline, L.P. drawdown is 12.09%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-91.99%Sep 9, 20141391Mar 18, 2020
-55.58%Jul 13, 2007346Nov 21, 2008279Jan 4, 2010625
-48.59%Nov 10, 199913Nov 29, 1999163Jul 21, 2000176
-23.22%Sep 5, 2001218Jul 23, 2002185Apr 16, 2003403
-19.33%Nov 27, 199856Feb 18, 1999114Aug 2, 1999170

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Plains All American Pipeline, L.P. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how Plains All American Pipeline, L.P. is priced in the market compared to other companies in the Oil & Gas Midstream industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for PAA, comparing it with other companies in the Oil & Gas Midstream industry. Currently, PAA has a P/E ratio of 11.0. This P/E ratio is in line with the industry average, suggesting the stock may be fairly valued relative to its earnings.

PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for PAA compared to other companies in the Oil & Gas Midstream industry. PAA currently has a PEG ratio of 0.2. This PEG ratio is close to the industry average, suggesting the stock’s valuation is balanced against its growth outlook.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for PAA relative to other companies in the Oil & Gas Midstream industry. Currently, PAA has a P/S ratio of 0.4. This P/S ratio is low compared to the industry average. It may indicate that the stock is undervalued relative to its revenue, or that the market expects slower growth or lower margins.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for PAA in comparison with other companies in the Oil & Gas Midstream industry. Currently, PAA has a P/B value of 1.6. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items