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Plains All American Pipeline

PAA

Market cap $18.4B

26.10 USD

+0.38

1.48%

At close Updated Sep 11, 4:00 PM EDT

Pre-market

After hours

25.95

-0.15

0.57%

1 day

1.48%

5 days

2.27%

1 month

12.74%

3 months

16.1%

6 months

21.11%

Year to date

43.33%

1 year

50.43%

5 years

162.84%

10 years

-7.61%

About: Plains All American Pipeline LP, through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, barges, or railcars. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminalling. It generates the majority of its revenue from the Crude Oil segment.

Employees: 4,200

Energy Oil & Gas Midstream

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 56%

Neutral 40%

Negative 4%

Plains All American Announces Pricing of Public Offering of $1,500,000,000 of Junior Subordinated Notes and Intent to Redeem Series A and Series B Preferred Units

HOUSTON, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) (“PAA”) today announced that it has priced an underwritten public offering (the “Offering”) of $700,000,000 aggregate principal amount of PAA's 6.750% Series A Junior Subordinated Notes due 2056 (the “Series A Notes”) and $800,000,000 aggregate principal amount of PAA's 7.000% Series B Junior Subordinated Notes due 2056 (the “Series B Notes” and together with the Series A Notes, the “Notes”), at a price to the public of 100.000% and 100.000% of their face value, respectively. The interest rates on the Series A Notes and the Series B Notes will be subject to adjustment on December 15, 2031 and December 15, 2036, respectively (the “First Reset Date”), and on each five-year anniversary thereafter. The adjusted interest rates will be based on the then applicable Five-Year U. S. Treasury Rate plus a spread; provided that the interest rate during such periods will not reset below the initial interest rate of the applicable series of Notes. In addition, the Series A Notes and the Series B Notes will be subject to redemption by PAA during the 90-day period prior to the applicable First Reset Date and thereafter on any applicable interest payment date. The Offering is expected to close on September 14, 2026, subject to the satisfaction of customary closing conditions.

Plains All American Announces Pricing of Public Offering of $1,500,000,000 of Junior Subordinated Notes and Intent to Redeem Series A and Series B Preferred Units

Midstream Scales Up Natural Gas Infrastructure

As noted last week, midstream MLPs and corporations broadly raised full-year financial guidance following a strong second quarter. Looking ahead, the sector's growth runway is accelerating.

Midstream Scales Up Natural Gas Infrastructure

Strong Midstream 2Q26 Earnings Boost Full-Year Outlook

Midstream MLPs and corporations generally posted strong second-quarter earnings, benefiting from record volume throughput, strong margins, and robust demand for natural gas and natural gas liquids (NGL) exports. Companies also demonstrated the defensive nature of their fee-based cash flows.

Strong Midstream 2Q26 Earnings Boost Full-Year Outlook

Plains All American: Growth Prospects Strengthening Due To Oil Prices (Rating Upgrade)

Plains All American Pipeline is a leading crude oil midstream MLP with a 6.90% yield and critical Permian Basin infrastructure. PAA's growth outlook has improved as sustained oil prices above $80/barrel could drive upstream production and organic volume gains. The unit price has surged nearly 39% since late 2024, compressing the yield but reflecting optimism around higher energy prices and capital expansion.

Plains All American: Growth Prospects Strengthening Due To Oil Prices (Rating Upgrade)

Plains All American: This 7% Yield Still Has Plenty Of Fuel

Plains All American remains a compelling midstream play, leveraging Permian production growth and Gulf Coast export demand for robust income and returns. PAA delivered 19% YoY crude oil adjusted EBITDA growth in Q2 2026, driven by Cactus III integration, bolt-on acquisitions, and higher volumes. Management guides for 15% full-year crude oil adjusted EBITDA growth and is increasing growth capital spending, with new projects expected to boost EBITDA in 2027.

Plains All American: This 7% Yield Still Has Plenty Of Fuel

Zacks Investment Research

Compared to Estimates, Plains All American (PAA) Q2 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Plains All American (PAA) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Plains All American (PAA) Q2 Earnings: A Look at Key Metrics

Plains All American Pipeline, L.P. Common Units (PAA) Q2 2026 Earnings Call Transcript

Plains All American Pipeline, L.P. Common Units (PAA) Q2 2026 Earnings Call Transcript

Plains All American Pipeline, L.P. Common Units (PAA) Q2 2026 Earnings Call Transcript

Plains All American Pipeline Q2 Earnings Call Highlights

Plains All American Pipeline NASDAQ: PAA reported second-quarter adjusted EBITDA attributable to Plains of $738 million and said it remains on track to meet its full-year 2026 adjusted EBITDA guidance of $2.88 billion, plus or minus $75 million.

Plains All American Pipeline Q2 Earnings Call Highlights

Zacks Investment Research

Plains All American Q2 Earnings Beat Estimates, Sales Increase Y/Y

PAA tops Q2 earnings and sales estimates as Crude Oil EBITDA climbs while maintaining its 2026 adjusted EBITDA outlook.

Plains All American Q2 Earnings Beat Estimates, Sales Increase Y/Y

Plains All American Reports Second-Quarter 2026 Results

HOUSTON, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported second-quarter 2026 results and provided the following highlights:

Plains All American Reports Second-Quarter 2026 Results

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