- ISIN
- US7265031051
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- IPO Date
- Nov 17, 1998
Highlights
- Market Cap
- $15.16B
- Enterprise Value
- $9.40B
- EPS (TTM)
- $2.19
- PE Ratio
- 9.80
- PEG Ratio
- 0.18
- Total Revenue (TTM)
- $45.25B
- Gross Profit (TTM)
- $1.55B
- EBITDA (TTM)
- $2.54B
- Year Range
- $15.69 - $24.26
- Target Price
- $22.83
- ROA (TTM)
- 4.88%
- ROE (TTM)
- 12.04%
Share Price Chart
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Performance
PAA Performance Chart
Plains All American Pipeline, L.P. (PAA) is up 24.5% since the beginning of the year. At $21 per share, PAA is trading 11.5% below its 52-week high of $24. Investors who bought $1,000 worth of PAA shares 5 years ago would now be looking at an investment worth $2,750.
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Returns By Period
Plains All American Pipeline, L.P. (PAA) has returned 24.45% so far this year and 26.55% over the past 12 months. Over the last ten years, PAA has returned 5.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Plains All American Pipeline, L.P.
- 1D
- 0.66%
- 1M
- -11.06%
- YTD
- 24.45%
- 6M
- 26.56%
- 1Y
- 26.55%
- 3Y*
- 26.80%
- 5Y*
- 22.42%
- 10Y*
- 5.39%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PAA Monthly Returns History
Based on dividend-adjusted daily data since Nov 18, 1998, PAA's average daily return is +0.07%, while the average monthly return is +1.25%. At this rate, an 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.45% | 8.68% | 6.79% | 3.09% | -0.76% | -4.24% | 24.45% | ||||||
| 2025 | 18.07% | 2.73% | -1.67% | -12.70% | -3.16% | 10.76% | 1.69% | -1.37% | -5.22% | -1.37% | 5.84% | 3.16% | 14.30% |
| 2024 | 3.95% | 6.35% | 6.94% | -0.12% | -1.28% | 5.00% | 3.62% | -1.37% | -3.18% | -4.53% | 14.75% | -8.52% | 21.38% |
| 2023 | 8.19% | 6.34% | -5.89% | 5.59% | 0.16% | 9.13% | 7.46% | 2.49% | 0.46% | 0.67% | 4.82% | -4.60% | 39.18% |
| 2022 | 17.28% | -1.86% | 1.80% | -1.72% | 9.94% | -13.78% | 14.69% | 6.43% | -10.47% | 15.87% | 3.76% | -5.31% | 35.79% |
| 2021 | 3.75% | 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 11.08%, beta of 0.68, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since November 18, 1998.
- This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (65.26%) than losses (44.69%) - 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
- 11.08%
- Beta
- 0.68
- R²
- 0.14
- Upside Capture
- 65.26%
- Downside Capture
- 44.69%
Return for Risk
Risk / Return Rank
PAA ranks 77 for risk / return — better than 77% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Plains All American Pipeline, L.P. (PAA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PAA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.78 | -0.95 |
| Martin ratioReturn relative to average drawdown | 5.04 | 12.44 | -7.40 |
Dividends
Dividend History
Plains All American Pipeline, L.P. provided a 7.43% dividend yield over the last twelve months, with an annual payout of $1.60 per share. The company has been increasing its dividends for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.60 | $1.52 | $1.27 | $1.07 | $0.83 | $0.72 | $0.90 | $1.38 | $1.20 | $1.95 | $2.65 | $2.76 |
Dividend yield | 7.43% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.42 | $0.00 | $0.00 | $0.00 | $0.42 | $0.00 | $0.84 | ||||||
| 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 7.43%, which means its dividend payment is significantly above the market average.
Payout Ratio
Plains All American Pipeline, L.P. has a payout ratio of 62.44%, 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 13.88%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -91.99%Mar 2020 | 5y 6mo | — | 11y 9moSep 2014 - now |
Financial crisis2007–2009 | -55.58%Nov 2008 | 1y 4mo | 1y 1mo | 2y 5moJul 2007 - Jan 2010 |
1999 bear market1999 | -48.59%Nov 1999 | 19d | 7mo 25d | 8mo 14dNov 1999 - Jul 2000 |
Dot-com crash2000–2002 | -23.22%Jul 2002 | 10mo 21d | 8mo 27d | 1y 7moSep 2001 - Apr 2003 |
1999 correction1999 | -19.33%Feb 1999 | 2mo 23d | 5mo 15d | 8mo 8dNov 1998 - Aug 1999 |
Drawdown Indicators
| PAA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.99% | -56.78% | -35.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -9.10% | -5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -22.26% | -18.90% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -22.51% | -25.43% | +2.92% |
Max Drawdown (10Y)Largest decline over 10 years | -87.92% | -33.92% | -54.00% |
Current DrawdownCurrent decline from peak | -13.88% | -1.80% | -12.08% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -10.71% | -15.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 2.03% | +3.26% |
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.
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 9.8. 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 0.3. 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 1.2. This P/B ratio is low compared to industry peers. It might indicate the stock is undervalued or that the company’s assets are not expected to generate strong returns.
Income Statement
| TTM | |
|---|---|
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Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
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Income | — |
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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 | — |
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