PAA vs. MPLX
Compare and contrast key facts about Plains All American Pipeline, L.P. (PAA) and MPLX LP (MPLX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAA or MPLX.
Correlation
The correlation between PAA and MPLX is 0.35, 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. MPLX - Performance Comparison
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Key characteristics
PAA:
0.34
MPLX:
1.97
PAA:
0.51
MPLX:
2.60
PAA:
1.07
MPLX:
1.35
PAA:
0.16
MPLX:
2.70
PAA:
0.91
MPLX:
9.81
PAA:
7.42%
MPLX:
4.01%
PAA:
28.10%
MPLX:
20.27%
PAA:
-91.99%
MPLX:
-85.72%
PAA:
-34.83%
MPLX:
-2.80%
Fundamentals
PAA:
$12.13B
MPLX:
$53.18B
PAA:
$0.93
MPLX:
$4.33
PAA:
18.55
MPLX:
12.03
PAA:
2.27
MPLX:
2.97
PAA:
0.24
MPLX:
4.67
PAA:
1.26
MPLX:
3.84
PAA:
$50.14B
MPLX:
$11.23B
PAA:
$13.75B
MPLX:
$5.04B
PAA:
$2.04B
MPLX:
$6.15B
Returns By Period
In the year-to-date period, PAA achieves a 5.15% return, which is significantly lower than MPLX's 13.07% return. Over the past 10 years, PAA has underperformed MPLX with an annualized return of -2.46%, while MPLX has yielded a comparatively higher 5.38% annualized return.
PAA
5.15%
-0.60%
4.54%
7.22%
23.35%
-2.46%
MPLX
13.07%
5.05%
15.09%
39.38%
34.96%
5.38%
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Risk-Adjusted Performance
PAA vs. MPLX — Risk-Adjusted Performance Rank
PAA
MPLX
PAA vs. MPLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Plains All American Pipeline, L.P. (PAA) and MPLX LP (MPLX). 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. MPLX - Dividend Comparison
PAA's dividend yield for the trailing twelve months is around 8.09%, more than MPLX's 7.14% 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% |
MPLX MPLX LP | 7.14% | 7.33% | 8.65% | 8.80% | 11.30% | 12.71% | 10.42% | 8.22% | 6.23% | 5.86% | 4.33% | 1.83% |
Drawdowns
PAA vs. MPLX - Drawdown Comparison
The maximum PAA drawdown since its inception was -91.99%, which is greater than MPLX's maximum drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for PAA and MPLX. For additional features, visit the drawdowns tool.
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Volatility
PAA vs. MPLX - Volatility Comparison
Plains All American Pipeline, L.P. (PAA) has a higher volatility of 9.94% compared to MPLX LP (MPLX) at 7.75%. This indicates that PAA's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
PAA vs. MPLX - Financials Comparison
This section allows you to compare key financial metrics between Plains All American Pipeline, L.P. and MPLX 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. MPLX - 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%.
MPLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, MPLX LP reported a gross profit of 1.27B and revenue of 2.89B. Therefore, the gross margin over that period was 44.1%.
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%.
MPLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, MPLX LP reported an operating income of 1.37B and revenue of 2.89B, resulting in an operating margin of 47.3%.
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%.
MPLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, MPLX LP reported a net income of 1.13B and revenue of 2.89B, resulting in a net margin of 39.0%.