Stock PAA PLAINS ALL AMERICAN PIPELINE, L.P.
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Financials Plains All American Pipeline, L.P.

Equities

PAA

US7265031051

Oil & Gas Transportation Services

Real-time Estimate Cboe BZX
Other stock markets
 10:20:55 2024-04-29 EDT 		5-day change 1st Jan Change
17.98 USD +0.59% Intraday chart for Plains All American Pipeline, L.P. +0.17% +18.35%
04-16 Stifel Adjusts Price Target on Plains All American Pipeline to $22 From $18, Maintains Buy Rating MT
04-12 Goldman Sachs Adjusts Price Target on Plains All American Pipeline to $16 From $14.50, Keeps Sell Rating MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,388 6,003 6,642 8,212 10,620 12,528 - -
Enterprise Value (EV) 1 23,034 16,194 15,413 16,257 17,921 20,240 19,749 18,900
P/E ratio 6.94 x -2.15 x 17 x 9.88 x 10.8 x 12 x 11.7 x 14.7 x
Yield 7.5% 8.74% 7.71% 7.82% 7.39% 7.22% 8.17% 8.87%
Capitalization / Revenue 0.4 x 0.26 x 0.16 x 0.14 x 0.22 x 0.24 x 0.23 x 0.23 x
EV / Revenue 0.68 x 0.7 x 0.37 x 0.28 x 0.37 x 0.38 x 0.37 x 0.35 x
EV / EBITDA 7.12 x 6.33 x 6.73 x 6.48 x 6.61 x 7.54 x 7.28 x 7.06 x
EV / FCF 17.4 x 20.9 x 9.28 x 10.1 x 9.97 x 13.3 x 13.5 x 13.3 x
FCF Yield 5.74% 4.79% 10.8% 9.9% 10% 7.52% 7.38% 7.51%
Price to Book 1.02 x 0.63 x 0.66 x 0.82 x 1.02 x 1.53 x 1.52 x -
Nbr of stocks (in thousands) 728,029 728,477 711,122 698,333 700,993 701,071 - -
Reference price 2 18.39 8.240 9.340 11.76 15.15 17.87 17.87 17.87
Announcement Date 20-02-04 21-02-09 22-02-09 23-02-08 24-02-09 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 33,669 23,290 42,043 57,342 48,712 52,849 54,072 54,523
EBITDA 1 3,237 2,560 2,290 2,510 2,711 2,685 2,714 2,677
EBIT 1 1,988 -2,375 851 1,292 1,510 1,658 1,682 1,724
Operating Margin 5.9% -10.2% 2.02% 2.25% 3.1% 3.14% 3.11% 3.16%
Earnings before Tax (EBT) 1 2,246 -2,599 721 1,417 1,623 1,621 1,642 1,533
Net income 1 1,967 -2,790 393 831 976 934.4 977.7 845.3
Net margin 5.84% -11.98% 0.93% 1.45% 2% 1.77% 1.81% 1.55%
EPS 2 2.650 -3.830 0.5500 1.190 1.400 1.493 1.532 1.217
Free Cash Flow 1 1,323 776 1,660 1,610 1,798 1,521 1,458 1,419
FCF margin 3.93% 3.33% 3.95% 2.81% 3.69% 2.88% 2.7% 2.6%
FCF Conversion (EBITDA) 40.87% 30.31% 72.49% 64.14% 66.32% 56.65% 53.73% 52.99%
FCF Conversion (Net income) 67.26% - 422.39% 193.74% 184.22% 162.83% 149.17% 167.81%
Dividend per Share 2 1.380 0.7200 0.7200 0.9200 1.120 1.291 1.460 1.586
Announcement Date 20-02-04 21-02-09 22-02-09 23-02-08 24-02-09 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 10,776 12,954 13,694 16,359 14,336 12,952 12,341 11,602 12,071 12,698 12,977 13,068 13,296 13,334 13,241
EBITDA 1 519 646 690 615 623 659 715 597 662 737 696.7 625.5 649.8 719.9 733.7
EBIT 1 -38 600 293 411 626 -37 473 378 234 426 433.4 363.6 387.1 463.4 470.1
Operating Margin -0.35% 4.63% 2.14% 2.51% 4.37% -0.29% 3.83% 3.26% 1.94% 3.35% 3.34% 2.78% 2.91% 3.48% 3.55%
Earnings before Tax (EBT) 1 -85 585 246 298 551 322 528 392 265 438 442.4 375.7 380.8 473.6 470.2
Net income 1 -109 398 187 153 333 210 422 227 140 248 254.8 196.7 224.2 263.8 284.7
Net margin -1.01% 3.07% 1.37% 0.94% 2.32% 1.62% 3.42% 1.96% 1.16% 1.95% 1.96% 1.51% 1.69% 1.98% 2.15%
EPS 2 -0.1500 0.5600 0.1900 0.2200 0.4800 0.3000 0.5200 0.3200 0.2000 0.3500 0.4332 0.3293 0.3680 0.4803 0.5498
Dividend per Share 2 0.1800 0.1800 0.2175 0.2175 0.2175 0.2675 0.2675 0.2675 0.2675 0.3175 0.3186 0.3186 0.3186 0.3445 0.3550
Announcement Date 21-11-02 22-02-09 22-05-04 22-08-03 22-11-02 23-02-08 23-05-05 23-08-04 23-11-03 24-02-09 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,646 10,191 8,771 8,045 7,301 7,712 7,221 6,372
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.98 x 3.981 x 3.83 x 3.205 x 2.693 x 2.872 x 2.661 x 2.38 x
Free Cash Flow 1 1,323 776 1,660 1,610 1,798 1,521 1,458 1,419
ROE (net income / shareholders' equity) 15.7% -24.6% 6.98% 10.9% 12.2% 10.5% 12.2% 12.1%
ROA (Net income/ Total Assets) 7.26% -10.5% 2.57% 3.86% 3.53% 2.5% 2.7% 3.1%
Assets 1 27,094 26,587 15,279 21,518 27,624 37,375 36,210 27,269
Book Value Per Share 2 17.90 13.20 14.10 14.40 14.90 11.70 11.70 -
Cash Flow per Share 2 3.130 2.080 2.790 3.440 3.900 3.540 3.480 -
Capex 1 1,779 1,213 463 539 630 615 636 781
Capex / Sales 5.28% 5.21% 1.1% 0.94% 1.29% 1.16% 1.18% 1.43%
Announcement Date 20-02-04 21-02-09 22-02-09 23-02-08 24-02-09 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Plains All American Pipeline, L.P.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
17.87 USD
Average target price
18.88 USD
Spread / Average Target
+5.64%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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