PAA
Plains All American Pipeline, L
NasdaqGSUSDEQUITY
Energy
DELAYED
Last price
24.20
▼ 0.39 (1.59%)
MARKET · —
Price
Open
24.59
Prev close
24.59
Day high
24.96
Day low
24.57
Volume
2.74M
Market cap
$17.36B
P/E (TTM)
21.03
52W range
15.69 – 25.03
Trailing performance
Returnvs SPY
1W
+2.97%
+4.3%
1M
-0.32%
-4.1%
3M
+3.93%
+0.8%
6M
+17.81%
+6.7%
YTD
+37.03%
+24.7%
1Y
+40.23%
+20.2%
3Y
+62.55%
-11.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$17.36B
Enterprise value$30.19B
Revenue (TTM)$52.30B
Gross profit$2.90B
EBITDA$2.57B
Net income$821.00M
EPS (TTM)$1.17
Free cash flow$1.40B
Total cash$1.06B
Total debt$8.63B
Book value / share$12.82
Shares outstanding705.57M
Float463.68M
Short % of float1.65%
Dividend yield6.63%
Beta (5Y)0.49
Valuation & profitability ratios
Trailing P/E21.03
Forward P/E13.07
PEG ratio2.35
Price / sales—
Price / book1.92
EV / revenue0.58
EV / EBITDA11.74
Gross margin5.55%
Operating margin2.77%
Profit margin5.29%
Return on equity10.18%
Return on assets3.55%
Debt / equity60.42
Current ratio1.12
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $44.26B | $50.07B | $48.71B | $57.34B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $1.44B | $514.00M | $976.00M | $831.00M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $1.44B | $514.00M | $976.00M | $831.00M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.50 | 0.41 | -17.4% |
| Mar 2026 | 0.42 | 0.39 | -7.4% |
| Dec 2025 | 0.45 | 0.40 | -11.7% |
| Sep 2025 | 0.38 | 0.39 | +3.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.45 | 7 | $14.50B | +25.3% |
| Next quarter | 0.45 | 7 | $13.98B | +32.3% |
| Current year | 1.72 | 7 | $59.19B | +33.7% |
| Next year | 1.88 | 9 | $60.69B | +2.5% |
Analyst targets & ownership
Mean target$24.88
High target$27.00
Low target$20.00
Implied upside2.82%
Analyst count17
ConsensusBUY
Strong buy / Buy2 / 5
Hold8
Sell / Strong sell0 / 2
Held by insiders34.17%
Held by institutions41.57%
Institutions holding477
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+2.43M
Net buying
Buy transactions
8
2.43M shares
Sell transactions
1
2.35K shares
Net transactions
+9
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
241.07M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 14, 26 | PAA GP HOLDINGS, L.L.C. Beneficial Owner of more than 10% of a Class of Security |
STOCK | 59.20K | $0 | Indirect |
| Aug 14, 26 | GOEBEL JEREMY L Officer |
STOCK | 388.58K | $0 | Direct |
| Aug 14, 26 | SWANSON ALOYS P Chief Financial Officer |
— | 109.17K | — | Direct |
| Aug 14, 26 | CHIANG WILFRED CW Chief Executive Officer |
— | 346.36K | — | Direct |
| Aug 14, 26 | MCGEE RICHARD K General Counsel |
— | 109.17K | — | Direct |
| Aug 14, 26 | HERBOLD CHRIS J Officer |
— | 140.61K | — | Direct |
| Aug 14, 26 | GOEBEL JEREMY L Officer |
— | 640.69K | — | Direct |
| Aug 14, 26 | CHANDLER CHRIS R. Chief Operating Officer |
— | 640.69K | — | Direct |
| Jun 29, 26 | ZIEMBA LAWRENCE MICHAEL Director |
SELL | 2.35K | $51.49K | Direct |
| Aug 14, 25 | PAA GP HOLDINGS, L.L.C. Beneficial Owner of more than 10% of a Class of Security |
STOCK | 144.50K | $0 | Indirect |
| Aug 14, 25 | GOEBEL JEREMY L Officer |
STOCK | 138.20K | $0 | Direct |
| Aug 14, 25 | SWANSON ALOYS P Chief Financial Officer |
— | 176.73K | — | Direct |
| Aug 14, 25 | CHIANG WILFRED CW Chief Executive Officer |
— | 561.05K | — | Direct |
| Aug 14, 25 | MCGEE RICHARD K General Counsel |
— | 176.73K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
CHANDLER CHRIS R. |
Chief Operating Officer | 882.48K | Conversion of Exercise of derivative security |
CHIANG WILFRED CW |
Chief Executive Officer | 1.40M | Conversion of Exercise of derivative security |
GOEBEL JEREMY L |
Officer | 907.51K | Stock Gift |
HERBOLD CHRIS J |
Officer | 327.44K | Conversion of Exercise of derivative security |
MCGEE RICHARD K |
General Counsel | 672.56K | Conversion of Exercise of derivative security |
PAA GP HOLDINGS, L.L.C. |
Beneficial Owner of more than 10% of a Class of Security | — | Stock Award(Grant) |
SWANSON ALOYS P |
Chief Financial Officer | 668.11K | Conversion of Exercise of derivative security |
ZIEMBA LAWRENCE MICHAEL |
Director | 0 | Sale |
Moving averages & technicals
SMA 10
23.81
+1.63% from price
SMA 20
23.92
+2.89% from price
SMA 50
23.23
+5.92% from price
SMA 100
22.78
+6.25% from price
SMA 200
20.94
+17.53% from price
EMA 12
23.99
+0.87% from price
EMA 26
23.79
+1.73% from price
EMA 50
23.44
+3.24% from price
RSI (14)
60.9
Neutral
MACD (12,26,9)
0.20
Hist 0.07
ATR (14)
0.51
2.06% of price
Realised vol 30D
23.4%
Annualised
Bollinger upper
25.14
20, 2σ
Bollinger lower
22.70
20, 2σ
50 / 200 cross
Golden
23.23 vs 20.94
Trend bias
Above 200
+17.53%
Risk profile
Beta vs SPY
-0.31
Less volatile than market
Correlation to SPY
-0.20
Largely independent
Realised vol 30D
23.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-11.9%
Peak to trough
Max drawdown 5Y
-24.4%
Peak to trough
ATR 14
0.51
2.06% of price
Beta (reported)
0.49
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.53
Call-heavy session
Put / call open interest
0.42
Positioning, not flow
Max pain
24.00
-2.5% from spot
ATM implied vol
28.9%
Nearest strike to spot
Skew (10% OTM)
+10.4%
Puts bid over calls
Call volume
115
Contracts, this expiry
Put volume
61
Contracts, this expiry
Heaviest call OI
25.50
184 contracts
Heaviest put OI
23.50
120 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
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Plains All American Pipeline, L.P. Q2 2026 Earnings Call Summary
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Plains All American Pipeline LP (PAA) (Q2 2026) Earnings Call Highlights: Strong Crude ...
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.