PAA PLAINS ALL AMERN PIPELINE L revenue, earnings and financials

For the quarter ended June 30, 2026, PLAINS ALL AMERN PIPELINE L reported revenue of $17.7B (up 66.3% from a year earlier), net income of $1.83B and diluted EPS of n/a; over the last four quarters revenue was $52.3B and net income $2.77B; for the fiscal year ended December 2025 revenue was $44.3B, down 9.5% on the year before.

PAA annual revenue and earnings

• Fiscal year ended Dec 2025: revenue $44.3B, gross profit n/a, operating income $1.43B, net income $1.77B (margin 4.0%), EPS n/a
• Fiscal year ended Dec 2024: revenue $48.9B, gross profit n/a, operating income $868M, net income $1.11B (margin 2.3%), EPS n/a
• Fiscal year ended Dec 2023: revenue $47.3B, gross profit n/a, operating income $1.26B, net income $1.50B (margin 3.2%), EPS n/a
• Fiscal year ended Dec 2022: revenue $57.3B, gross profit n/a, operating income $1.29B, net income $1.23B (margin 2.1%), EPS n/a
• Fiscal year ended Dec 2021: revenue $42.1B, gross profit n/a, operating income $851M, net income $648M (margin 1.5%), EPS n/a

PAA quarterly revenue and earnings

• Quarter ended Jun 30, 2026: revenue $17.7B (up 66.3% year over year), net income $1.83B, EPS n/a
• Quarter ended Mar 31, 2026: revenue $12.5B (up 8.7% year over year), net income $152M, EPS n/a
• Quarter ended Dec 31, 2025: revenue $10.6B (down 12.2% year over year), net income $342M, EPS n/a
• Quarter ended Sep 30, 2025: revenue $11.6B (down 7.0% year over year), net income $441M, EPS n/a
• Quarter ended Jun 30, 2025: revenue $10.6B (down 16.6% year over year), net income $210M, EPS n/a
• Quarter ended Mar 31, 2025: revenue $11.5B (down 1.4% year over year), net income $443M, EPS n/a
• Quarter ended Dec 31, 2024: revenue $12.0B (up 6.3% year over year), net income $36.0M, EPS n/a
• Quarter ended Sep 30, 2024: revenue $12.5B (up 3.2% year over year), net income $220M, EPS n/a
• Quarter ended Jun 30, 2024: revenue $12.8B (up 10.0% year over year), net income $250M, EPS n/a
• Quarter ended Mar 31, 2024: revenue $11.6B (down 5.7% year over year), net income $266M, EPS n/a
• Quarter ended Dec 31, 2023 (from the annual report): revenue $11.3B (down 12.6% year over year), net income $582M, EPS n/a
• Quarter ended Sep 30, 2023: revenue $12.1B (down 15.8% year over year), net income $203M, EPS n/a
• Quarter ended Jun 30, 2023: revenue $11.6B (down 29.1% year over year), net income $293M, EPS n/a
• Quarter ended Mar 31, 2023: revenue $12.3B (down 9.9% year over year), net income $422M, EPS n/a
• Quarter ended Dec 31, 2022 (from the annual report): revenue $13.0B (down 0.3% year over year), net income $456M, EPS n/a
• Quarter ended Sep 30, 2022: revenue $14.3B (up 33.0% year over year), net income $384M, EPS n/a
• Quarter ended Jun 30, 2022: revenue $16.4B (up 64.7% year over year), net income $203M, EPS n/a
• Quarter ended Mar 31, 2022: revenue $13.7B (up 63.4% year over year), net income $187M, EPS n/a
• Quarter ended Dec 31, 2021 (from the annual report): revenue $13.0B, net income $505M, EPS n/a
• Quarter ended Sep 30, 2021: revenue $10.8B, net income −$59.0M, EPS n/a

PAA cash flow, buybacks and dividends

• Fiscal year ended Dec 2025: operating cash flow $2.94B, share buybacks $8.00M
• Fiscal year ended Dec 2024: operating cash flow $2.49B, share buybacks $0
• Fiscal year ended Dec 2023: operating cash flow $2.73B, share buybacks $0
• Fiscal year ended Dec 2022: operating cash flow $2.41B, share buybacks $74.0M
• Fiscal year ended Dec 2021: operating cash flow $2.00B, share buybacks $178M

PAA balance sheet

• Jun 30, 2026: cash $1.06B, total assets $29.2B, total liabilities n/a, shareholders' equity n/a
• Mar 31, 2026: cash $171M, total assets $31.6B, total liabilities n/a, shareholders' equity n/a
• Dec 31, 2025: cash $328M, total assets $30.2B, total liabilities n/a, shareholders' equity n/a
• Sep 30, 2025: cash $1.18B, total assets $28.1B, total liabilities n/a, shareholders' equity n/a
• Jun 30, 2025: cash $459M, total assets $27.2B, total liabilities n/a, shareholders' equity n/a
• Mar 31, 2025: cash $427M, total assets $27.1B, total liabilities n/a, shareholders' equity n/a
• Dec 31, 2024: cash $348M, total assets $26.6B, total liabilities n/a, shareholders' equity n/a
• Sep 30, 2024: cash $640M, total assets $27.2B, total liabilities n/a, shareholders' equity n/a

What is PAA's revenue?

PLAINS ALL AMERN PIPELINE L reported $52.3B of revenue over its last four quarters, through June 30, 2026.

Is PAA profitable?

Yes. PLAINS ALL AMERN PIPELINE L earned $2.77B over the last four quarters.

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