Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests financials
$23.93−2.45%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.69B | $12.47B | $10.56B | $11.58B | $10.64B | $11.48B | $12.04B | $12.46B | $12.76B | $11.99B | $12.70B | $12.07B |
| Gross profit | $1.14B | $977.0M | $993.0M | $993.0M | $884.0M | $960.0M | $959.0M | $916.0M | $919.0M | $1.08B | $1.14B | $965.0M |
| Gross margin | 6.4% | 7.8% | 9.4% | 8.6% | 8.3% | 8.4% | 8.0% | 7.4% | 7.2% | 9.0% | 9.0% | 8.0% |
| Operating income | $457.0M | $405.0M | $300.0M | $484.0M | $281.0M | $356.0M | $144.0M | $196.0M | $332.0M | $370.0M | $417.0M | $241.0M |
| Net income | $1.77B | $100.0M | $289.0M | $387.0M | $150.0M | $343.0M | -$26.0M | $157.0M | $180.0M | $203.0M | $248.0M | $140.0M |
| Net margin | 10.0% | 0.8% | 2.7% | 3.3% | 1.4% | 3.0% | −0.2% | 1.3% | 1.4% | 1.7% | 2.0% | 1.2% |
| Diluted EPS | $2.51 | $0.14 | $0.41 | $0.55 | $0.21 | $0.49 | $-0.04 | $0.22 | $0.26 | $0.29 | $0.35 | $0.20 |
| EBITDA | $700.0M | $595.0M | $557.0M | $714.0M | $515.0M | $575.0M | $370.0M | $422.0M | $527.0M | $624.0M | $417.0M | $502.0M |
| Operating cash flow | $955.0M | $418.0M | $786.0M | $817.0M | $694.0M | $639.0M | $727.0M | $691.0M | $653.0M | $419.0M | $1.01B | $85.0M |
| Free cash flow | $817.0M | $288.0M | $611.0M | $632.0M | $524.0M | $499.0M | $600.0M | $582.0M | $577.0M | $262.0M | $833.0M | -$38.0M |
| Diluted shares | 706.0M | 706.0M | 705.0M | 704.0M | 703.0M | 704.0M | 704.0M | 702.0M | 701.0M | 701.0M | 700.0M | 700.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.06B | $171.0M | $328.0M | $1.18B | $459.0M | $427.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $8.44B | $11.38B | $11.26B | $9.45B | $8.68B | $8.68B |
| Total assets | $29.22B | $31.64B | $30.17B | $28.10B | $27.16B | $27.06B |
| Total liabilities | $14.93B | $18.82B | $17.09B | $15.11B | $14.21B | $14.20B |
| Shareholders' equity | $14.29B | $12.82B | $13.08B | $12.99B | $12.95B | $12.86B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology