PAA vs. ET
Compare and contrast key facts about Plains All American Pipeline, L.P. (PAA) and Energy Transfer LP (ET).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAA or ET.
Correlation
The correlation between PAA and ET is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PAA vs. ET - Performance Comparison
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Key characteristics
PAA:
0.34
ET:
0.81
PAA:
0.51
ET:
1.22
PAA:
1.07
ET:
1.17
PAA:
0.16
ET:
0.89
PAA:
0.91
ET:
2.83
PAA:
7.42%
ET:
7.70%
PAA:
28.10%
ET:
27.56%
PAA:
-91.99%
ET:
-87.81%
PAA:
-34.83%
ET:
-11.80%
Fundamentals
PAA:
$12.13B
ET:
$61.60B
PAA:
$0.93
ET:
$1.32
PAA:
18.55
ET:
13.60
PAA:
2.27
ET:
0.80
PAA:
0.24
ET:
0.75
PAA:
1.26
ET:
1.75
PAA:
$50.14B
ET:
$82.06B
PAA:
$13.75B
ET:
$15.84B
PAA:
$2.04B
ET:
$15.57B
Returns By Period
In the year-to-date period, PAA achieves a 5.15% return, which is significantly higher than ET's -5.09% return. Over the past 10 years, PAA has underperformed ET with an annualized return of -2.46%, while ET has yielded a comparatively higher 1.90% annualized return.
PAA
5.15%
-0.60%
4.54%
7.22%
23.35%
-2.46%
ET
-5.09%
5.94%
7.53%
21.08%
28.86%
1.90%
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Risk-Adjusted Performance
PAA vs. ET — Risk-Adjusted Performance Rank
PAA
ET
PAA vs. ET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Plains All American Pipeline, L.P. (PAA) and Energy Transfer LP (ET). 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. ET - Dividend Comparison
PAA's dividend yield for the trailing twelve months is around 8.09%, more than ET's 7.22% 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% |
ET Energy Transfer LP | 7.22% | 6.51% | 8.96% | 7.33% | 7.44% | 17.28% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% | 2.61% |
Drawdowns
PAA vs. ET - Drawdown Comparison
The maximum PAA drawdown since its inception was -91.99%, roughly equal to the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for PAA and ET. For additional features, visit the drawdowns tool.
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Volatility
PAA vs. ET - Volatility Comparison
The current volatility for Plains All American Pipeline, L.P. (PAA) is 9.94%, while Energy Transfer LP (ET) has a volatility of 11.55%. This indicates that PAA experiences smaller price fluctuations and is considered to be less risky than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
PAA vs. ET - Financials Comparison
This section allows you to compare key financial metrics between Plains All American Pipeline, L.P. and Energy Transfer LP. 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. ET - 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%.
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Energy Transfer LP reported a gross profit of 4.08B and revenue of 21.02B. Therefore, the gross margin over that period was 19.4%.
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%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Energy Transfer LP reported an operating income of 2.49B and revenue of 21.02B, resulting in an operating margin of 11.9%.
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%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Energy Transfer LP reported a net income of 1.32B and revenue of 21.02B, resulting in a net margin of 6.3%.