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Security

PLAINS ALL AMERICAN PIPELINE L.P. Unit · PAAPU

PAAPUOTCCommon stockCurrentCIK 1070423Updated Oct 8, 2026

Company: PLAINS ALL AMERICAN PIPELINE LP →

PAAPU price & chart

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About the company

PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil. PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminaling, storage, and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada.

8-K · 2026-09-29 · 0001104659-26-111950

Company description from the cited filing.

In the news

No coverage from other publishers is available.

Seeking Alpha
SEC disclosures

Financials

FY 2025 · USD
Revenue44,262,000,000USD · FY 2025
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

Net income1,435,000,000USD · FY 2025
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

Operating income1,434,000,000USD · FY 2025
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

Diluted EPS— · FY 2025

Some figures are unavailable for this reporting year.

balance sheet · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
ASSETS
AssetsUSD30,169,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

26,562,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

27,355,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

27,892,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Current assets:
Cash and Cash Equivalents, at Carrying ValueUSD328,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

348,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

450,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

401,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Inventory, NetUSD211,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

439,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

548,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

729,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Assets, CurrentUSD4,733,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

4,802,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

4,913,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

5,355,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Operating Lease, Right-of-Use AssetUSD198,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

332,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

313,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

349,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Other Assets, NoncurrentUSD107,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

268,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

411,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

464,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

LIABILITIES AND EQUITY
Liabilities and EquityUSD30,169,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

26,562,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

27,355,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

27,892,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Current liabilities:
Liabilities, CurrentUSD4,931,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

4,950,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

5,003,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

5,891,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Operating Lease, Liability, CurrentUSD27,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

63,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

69,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

71,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Operating Lease, Liability, NoncurrentUSD202,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

313,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

274,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

308,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Other Liabilities, NoncurrentUSD654,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

990,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

1,041,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

1,081,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Additional Financial Items
Deferred Tax Liabilities, NetUSD197,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

464,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

535,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

545,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Partners' CapitalUSD9,836,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

9,813,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

10,422,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

10,057,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Partners' Capital, Including Portion Attributable to Noncontrolling InterestUSD13,080,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

13,096,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

13,732,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

13,325,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

cash flow · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD1,769,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

1,113,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

1,502,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

1,228,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, Depletion and AmortizationUSD953,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

1,026,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

1,048,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

965,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Changes in operating assets and liabilities:
Increase (Decrease) in InventoriesUSD-96,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

-70,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

-223,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

10,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Deferred Income Tax Expense (Benefit)USD14,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

-28,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

-24,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

105,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Operating ActivitiesUSD2,936,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

2,490,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

2,727,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

2,408,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Cash flows from investing activities:
Net Cash Provided by (Used in) Investing ActivitiesUSD-3,769,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

-1,504,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

-702,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

-526,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Payments for (Proceeds from) Other Investing ActivitiesUSD0
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

-4,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

-1,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

-44,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Payments to Acquire Property, Plant, and EquipmentUSD643,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

619,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

559,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

455,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Cash flows from financing activities:
Payments for Repurchase of Common StockUSD8,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

——74,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Financing ActivitiesUSD799,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

-1,077,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

-1,976,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

-1,931,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Proceeds from (Payments for) Other Financing ActivitiesUSD-84,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

-53,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

-93,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

-53,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD-20,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

-102,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

49,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

-52,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD328,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

As of 2025-12-31

348,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

As of 2024-12-31

450,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

As of 2023-12-31

401,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

As of 2022-12-31

Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD516,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

381,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

377,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

393,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Income Taxes Paid, NetUSD98,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

269,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

69,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

112,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD14,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

-11,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

—-3,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Additional Financial Items
Share-based Payment Arrangement, ExpenseUSD49,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

50,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

50,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

40,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Amortization of Intangible AssetsUSD280,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

266,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

308,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

254,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Asset Retirement Obligation, Accretion ExpenseUSD4,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

4,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

4,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

4,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

DepreciationUSD673,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

753,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

733,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

707,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Foreign Currency Transaction Gain (Loss), before TaxUSD-13,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

17,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

-8,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

-41,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD54,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

-160,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

152,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

-269,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

General and Administrative ExpenseUSD342,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

381,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

350,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

325,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Goodwill, Impairment LossUSD———0
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD1,052,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

———
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD1,386,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

———
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD383,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

———
Income (Loss) from Equity Method InvestmentsUSD382,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

452,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

369,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

403,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD15,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

167,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

121,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

189,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

InterestExpenseNonoperatingUSD554,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

430,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

——
Inventory Write-downUSD0
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

0
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

0
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

0
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD1,435,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

772,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

1,230,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

1,037,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to Noncontrolling InterestUSD334,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

341,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

272,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

191,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Operating Costs and ExpensesUSD1,154,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

1,768,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

1,425,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

1,315,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Operating Lease, Lease IncomeUSD8,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

26,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

32,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

29,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Other Nonoperating Income (Expense)USD108,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

65,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

102,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

-219,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Proceeds from Noncontrolling InterestsUSD75,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

57,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

106,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

—

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Total RevenueUSD44,262,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

50,073,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

48,712,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

57,342,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Cost of RevenueUSD40,433,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

45,560,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

44,531,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

53,176,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Gross Profit (Calculated) · Derived————
Operating Income (Loss)USD1,434,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

1,178,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

1,510,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

1,292,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Other Nonoperating Income (Expense)USD108,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

65,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

102,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

-219,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD1,401,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

1,280,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

1,623,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

1,417,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD15,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

167,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

121,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

189,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to Noncontrolling InterestUSD334,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

341,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

272,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

191,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD1,435,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

772,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

1,230,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

1,037,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Interest Expense (non-operating)USD554,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

430,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

——
Additional Financial Items
Amortization of Intangible AssetsUSD280,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

266,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

308,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

254,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Costs and ExpensesUSD42,828,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

48,895,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

47,202,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

56,050,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Current Income Tax Expense (Benefit)USD1,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

195,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

145,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

84,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Foreign Currency Transaction Gain (Loss), before TaxUSD-13,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

17,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

-8,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

-41,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

General and Administrative ExpenseUSD342,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

381,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

350,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

325,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Goodwill, Impairment LossUSD———0
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD1,052,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

———
Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD1,356,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

———
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD1,386,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

———
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD383,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

———
Income (Loss) from Equity Method InvestmentsUSD382,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

452,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

369,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

403,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Interest ExpenseUSD——386,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

405,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Operating Costs and ExpensesUSD1,154,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

1,768,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

1,425,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

1,315,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Operating Lease, Lease IncomeUSD8,000,000
Source

10-K · 2026-02-27 · 0001070423-26-000014

2025-01-01 to 2025-12-31

26,000,000
Source

10-K · 2025-02-28 · 0001070423-25-000006

2024-01-01 to 2024-12-31

32,000,000
Source

10-K · 2024-02-29 · 0001070423-24-000008

2023-01-01 to 2023-12-31

29,000,000
Source

10-K · 2023-03-01 · 0001070423-23-000006

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

Filing attachments

tm2626533d1_ex99-1.htm · 8-K · 2026-09-29

Exhibit 99.1 Plains All American Pipeline and Plains GP Holdings Announce Appointment of New Chief Operating Officer HOUSTON - [September 29, 2026] - Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) announced that Dean Liollio has been appointed to serve as Executive Vice President and Chief Operating Officer of Plains effective as of October 2, 2026. Mr. Liollio replaces Chris Chandler, the current EVP and COO, who is resigning fr…

8-K · 2026-09-29 · 0001104659-26-111950

Read attachment ↗
tm2625341d1_ex4-1.htm · 8-K · 2026-09-14

Exhibit 4.1 PLAINS ALL AMERICAN PIPELINE, L.P., and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION as Trustee SUBORDINATED INDENTURE Dated as of September 14, 2026 DEBT SECURITIES (UNLIMITED) TABLE OF CONTENTS Page ARTICLE I Definitions 1 Section 1.01. Certain Terms Defined …

8-K · 2026-09-14 · 0001104659-26-107512

Read attachment ↗
tm2625341d1_ex4-2.htm · 8-K · 2026-09-14

Exhibit 4.2 PLAINS ALL AMERICAN PIPELINE, L.P., as Issuer $700,000,000 6.750% SERIES A JUNIOR SUBORDINATED NOTES DUE 2056 FIRST SUPPLEMENTAL INDENTURE Dated as of September 14, 2026 U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee TABLE OF CONTENTS ARTICLE I 1 Section 1.01. …

8-K · 2026-09-14 · 0001104659-26-107512

Read attachment ↗
tm2625341d1_ex4-4.htm · 8-K · 2026-09-14

Exhibit 4.4 PLAINS ALL AMERICAN PIPELINE, L.P., as Issuer $800,000,000 7.000% SERIES B JUNIOR SUBORDINATED NOTES DUE 2056 SECOND SUPPLEMENTAL INDENTURE Dated as of September 14, 2026 U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee TABLE OF CONTENTS ARTICLE I 1 Section 1.01. …

8-K · 2026-09-14 · 0001104659-26-107512

Read attachment ↗
tm2624813d1_ex99-1.htm · 8-K · 2026-09-09

EX-99.1 2 tm2624813d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PLAINS ALL AMERICAN PIPELINE, L.P. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION On November 6, 2025, Plains All American Pipeline, L.P. (“PAA”, “we”, “us”, “our”, or the “Company”) filed a Current Report on Form 8-K, as amended on a Form 8-K/A filed on January 16, 2026, to report that on October 31, 2025, pursuant to a Purchase and Sale Agreement (the “PSA”) entered into on August 30, 2025 by and a…

8-K · 2026-09-09 · 0001104659-26-105984

Read attachment ↗
tm2614302d2_ex99-1.htm · 8-K · 2026-05-13

EX-99.1 2 tm2614302d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Plains All American Pipeline, L.P. and Plains GP Holdings Announce Appointment of New Board Member HOUSTON, May 11, 2026 - Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced that Cynthia B. Taylor has been appointed as an independent member of the Board of Directors of PAA GP Holdings LLC (“GP Holdings”) serving in Class III. Ms. Taylor will also serve as a member of the Compensat…

8-K · 2026-05-13 · 0001104659-26-060358

Read attachment ↗

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