Plains All American Pipeline, L.P. (PAA) — Financial statements
Income statement, balance sheet, and cash flow for Plains All American Pipeline, L.P. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 44,262↓11.6% | 50,073↑2.8% | 48,712↓15.1% | 57,342↑36.3% | 42,078 | |
| Cost of Revenue | 41,587↓14.0% | 48,354↑5.2% | 45,956↓17.1% | 55,456↑37.5% | 40,343 | |
| Gross Profit | 2,675↑55.6% | 1,719↓37.6% | 2,756↑46.1% | 1,886↑8.7% | 1,735 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 342↓10.2% | 381↑8.9% | 350↑7.7% | 325↑11.3% | 292 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 342↓10.2% | 381↑8.9% | 350↑7.7% | 325↑11.3% | 292 | |
| Other Expenses | 899↑461.9% | 160↓82.1% | 896↑233.1% | 269↓54.6% | 592 | |
| Operating Expenses | 1,241↑129.4% | 541↓56.6% | 1,246↑109.8% | 594↓32.8% | 884 | |
| Total Costs & Expenses | 42,828↓12.4% | 48,895↑3.6% | 47,202↓15.8% | 56,050↑36.0% | 41,227 | |
| Operating Results | ||||||
| Operating Income | 1,434↑21.7% | 1,178↓22.0% | 1,510↑16.9% | 1,292↑51.8% | 851 | |
| Depreciation & Amortization | 953↓7.1% | 1,026↓2.1% | 1,048↑8.6% | 965↑24.7% | 774 | |
| EBITDA | 2,908↑6.3% | 2,736↓10.5% | 3,057↑9.7% | 2,787↑45.2% | 1,920 | |
| EBIT | 1,955↑14.3% | 1,710↓14.9% | 2,009↑10.3% | 1,822↑59.0% | 1,146 | |
| Interest & Other Income | ||||||
| Net Interest Income | -554↓53.9% | -360↑6.7% | -386↑4.7% | -405↑4.7% | -425 | |
| Interest Income | 0.00↓100.0% | 70 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 554↑28.8% | 430↑11.4% | 386↓4.7% | 405↓4.7% | 425 | |
| Non-Operating Income | -521↑2.1% | -532↓6.6% | -499↑5.8% | -530↓79.7% | -295 | |
| Other Income / Expenses | -33↓132.4% | 102↓9.7% | 113↓9.6% | 125↑196.2% | -130 | |
| Income Before Tax | 1,401↑9.5% | 1,280↓21.1% | 1,623↑14.5% | 1,417↑96.5% | 721 | |
| Income Tax Expense | 15↓91.0% | 167↑38.0% | 121↓36.0% | 189↑158.9% | 73 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,386↑24.5% | 1,113↓25.9% | 1,502↑22.3% | 1,228↑89.5% | 648 | |
| Net Income from Discontinued Operations | 383 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,435↑85.9% | 772↓37.2% | 1,230↑18.6% | 1,037↑74.9% | 593 | |
| Bottom-Line Net Income | 1,169↑127.4% | 514↓47.3% | 976↑17.4% | 831↑111.5% | 393 | |
| EPS (Basic) | 1.66↑127.4% | 0.73↓47.9% | 1.40↑17.6% | 1.19↑116.4% | 0.55 | |
| EPS (Diluted) | 1.66↑127.4% | 0.73↓47.9% | 1.40↑17.6% | 1.19↑116.4% | 0.55 | |
| Weighted Average Shares | 704↑0.3% | 702↑0.4% | 699↓0.3% | 701↓2.1% | 716 | |
| Weighted Average Diluted Shares | 704↑0.3% | 702↑0.4% | 699↓0.3% | 701↓2.1% | 716 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.