PAA vs. BSM
Compare and contrast key facts about Plains All American Pipeline, L.P. (PAA) and Black Stone Minerals, L.P. (BSM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAA or BSM.
Correlation
The correlation between PAA and BSM is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PAA vs. BSM - Performance Comparison
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Key characteristics
PAA:
0.34
BSM:
-0.23
PAA:
0.51
BSM:
-0.09
PAA:
1.07
BSM:
0.99
PAA:
0.16
BSM:
-0.22
PAA:
0.91
BSM:
-0.66
PAA:
7.42%
BSM:
5.63%
PAA:
28.10%
BSM:
22.26%
PAA:
-91.99%
BSM:
-75.58%
PAA:
-34.83%
BSM:
-10.75%
Fundamentals
PAA:
$12.13B
BSM:
$2.91B
PAA:
$0.93
BSM:
$0.92
PAA:
18.55
BSM:
14.95
PAA:
2.27
BSM:
1.22
PAA:
0.24
BSM:
6.84
PAA:
1.26
BSM:
2.71
PAA:
$50.14B
BSM:
$437.90M
PAA:
$13.75B
BSM:
$335.83M
PAA:
$2.04B
BSM:
$269.93M
Returns By Period
In the year-to-date period, PAA achieves a 5.15% return, which is significantly higher than BSM's -1.49% return. Over the past 10 years, PAA has underperformed BSM with an annualized return of -2.46%, while BSM has yielded a comparatively higher 6.77% annualized return.
PAA
5.15%
-0.60%
4.54%
7.22%
23.35%
-2.46%
BSM
-1.49%
-4.13%
-5.50%
-6.80%
28.82%
6.77%
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Risk-Adjusted Performance
PAA vs. BSM — Risk-Adjusted Performance Rank
PAA
BSM
PAA vs. BSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Plains All American Pipeline, L.P. (PAA) and Black Stone Minerals, L.P. (BSM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
PAA vs. BSM - Dividend Comparison
PAA's dividend yield for the trailing twelve months is around 8.09%, less than BSM's 11.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAA Plains All American Pipeline, L.P. | 8.09% | 7.44% | 7.06% | 7.08% | 7.71% | 13.11% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% | 4.97% |
BSM Black Stone Minerals, L.P. | 11.00% | 10.96% | 11.90% | 9.13% | 7.74% | 10.18% | 11.64% | 8.61% | 6.69% | 5.86% | 2.94% | 0.00% |
Drawdowns
PAA vs. BSM - Drawdown Comparison
The maximum PAA drawdown since its inception was -91.99%, which is greater than BSM's maximum drawdown of -75.58%. Use the drawdown chart below to compare losses from any high point for PAA and BSM. For additional features, visit the drawdowns tool.
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Volatility
PAA vs. BSM - Volatility Comparison
Plains All American Pipeline, L.P. (PAA) has a higher volatility of 9.94% compared to Black Stone Minerals, L.P. (BSM) at 7.27%. This indicates that PAA's price experiences larger fluctuations and is considered to be riskier than BSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
PAA vs. BSM - Financials Comparison
This section allows you to compare key financial metrics between Plains All American Pipeline, L.P. and Black Stone Minerals, L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PAA vs. BSM - Profitability Comparison
PAA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported a gross profit of 620.00M and revenue of 12.01B. Therefore, the gross margin over that period was 5.2%.
BSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Black Stone Minerals, L.P. reported a gross profit of 93.78M and revenue of 115.25M. Therefore, the gross margin over that period was 81.4%.
PAA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported an operating income of 533.00M and revenue of 12.01B, resulting in an operating margin of 4.4%.
BSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Black Stone Minerals, L.P. reported an operating income of 17.16M and revenue of 115.25M, resulting in an operating margin of 14.9%.
PAA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported a net income of 443.00M and revenue of 12.01B, resulting in a net margin of 3.7%.
BSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Black Stone Minerals, L.P. reported a net income of 15.95M and revenue of 115.25M, resulting in a net margin of 13.8%.