Plains All American Pipeline（PAA）株式概要
プレインズ・オール・アメリカン・パイプライン社（Plains All American Pipeline, L.P.）は子会社を通じて、米国およびカナダで原油および天然ガス液（NGL）のパイプライン輸送、終端処理、貯蔵、集荷を行っている。 詳細
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Analyst Price Targets
Plains All American Pipeline, L.P. 競合他社
価格と性能
| 過去の株価 | |
|---|---|
| 現在の株価 | US$25.77 |
| 52週高値 | US$26.39 |
| 52週安値 | US$15.69 |
| ベータ | 0.49 |
| 1ヶ月の変化 | 7.82% |
| 3ヶ月変化 | 19.42% |
| 1年変化 | 48.44% |
| 3年間の変化 | 66.90% |
| 5年間の変化 | 178.90% |
| IPOからの変化 | 157.70% |
最新ニュース
ナラティブ更新 • Sep 09
PAA: Fair Value View Will Balance Debt Reduction And Project Spending
Analysts have increased their price target for Plains All American Pipeline to $25.31 from $24.76 as they factor in updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News There are currently no major recent news items disclosed for Plains All American Pipeline in the provided sources.Seeking Alpha • Aug 17
Plains All American: This 7% Yield Still Has Plenty Of Fuel
Summary Plains All American remains a compelling midstream play, leveraging Permian production growth and Gulf Coast export demand for robust income and returns. PAA delivered 19% YoY crude oil adjusted EBITDA growth in Q2 2026, driven by Cactus III integration, bolt-on acquisitions, and higher volumes. Management guides for 15% full-year crude oil adjusted EBITDA growth and is increasing growth capital spending, with new projects expected to boost EBITDA in 2027. While PAA is no longer a deep value at 5.7x cash flow, its 7% yield, strong balance sheet, and credible growth path justify a Buy rating. Read the full article on Seeking Alphaナラティブ更新 • Aug 16
PAA: Fair Value Stance Will Weigh Debt Reduction And Growth Projects
Analysts have nudged their price target for Plains All American Pipeline higher from about $24.18 to around $24.76, reflecting updated assumptions on the discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Plains All American Pipeline Plains All American Pipeline reported Q2 2026 net income attributable to PAA of US$1.83b, supported by a gain from the completed sale of its Canadian NGL business.Recent updates
ナラティブ更新 • Sep 09
PAA: Fair Value View Will Balance Debt Reduction And Project Spending
Analysts have increased their price target for Plains All American Pipeline to $25.31 from $24.76 as they factor in updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News There are currently no major recent news items disclosed for Plains All American Pipeline in the provided sources.Seeking Alpha • Aug 17
Plains All American: This 7% Yield Still Has Plenty Of Fuel
Summary Plains All American remains a compelling midstream play, leveraging Permian production growth and Gulf Coast export demand for robust income and returns. PAA delivered 19% YoY crude oil adjusted EBITDA growth in Q2 2026, driven by Cactus III integration, bolt-on acquisitions, and higher volumes. Management guides for 15% full-year crude oil adjusted EBITDA growth and is increasing growth capital spending, with new projects expected to boost EBITDA in 2027. While PAA is no longer a deep value at 5.7x cash flow, its 7% yield, strong balance sheet, and credible growth path justify a Buy rating. Read the full article on Seeking Alphaナラティブ更新 • Aug 16
PAA: Fair Value Stance Will Weigh Debt Reduction And Growth Projects
Analysts have nudged their price target for Plains All American Pipeline higher from about $24.18 to around $24.76, reflecting updated assumptions on the discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Plains All American Pipeline Plains All American Pipeline reported Q2 2026 net income attributable to PAA of US$1.83b, supported by a gain from the completed sale of its Canadian NGL business.ナラティブ更新 • Jul 21
PAA: Fair Value View Will Balance Completed Buybacks And Modest Outlook
Analysts have raised their price target for Plains All American Pipeline to $24.18 from $23.61, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples. What’s in the News for Plains All American Pipeline Plains All American Pipeline reported that from January 1, 2026 to March 31, 2026, the company repurchased 0 shares for US$0 million under its existing buyback program.ナラティブ更新 • Jun 25
PAA: Fair Value View Will Reflect Permian Expansion And Deleveraging Shift
Analysts have slightly raised their price target for Plains All American Pipeline to about $23.61 per unit from roughly $23.50, reflecting updated assumptions around revenue growth, profit margins, the discount rate, and the future P/E multiple. What’s in the News for Plains All American Pipeline Plains All American Pipeline has increased its budget by nearly 30% for Permian crude oil projects as pipeline egress tightens, while keeping its system expansion plans in place, according to Hart Energy.ナラティブ更新 • Jun 05
PAA: Fair Value View Will Reflect Canadian Sale And Deleveraging Shift
Analysts have adjusted their price target on Plains All American Pipeline from $22.56 to $23.50, citing updated assumptions for revenue growth, profit margins, discount rate, and future P/E, which they say support a slightly higher fair value estimate. What's in the News Plains All American completed the sale of its Canadian natural gas liquids business, Plains Midstream Canada ULC, to Keyera for about C$5.13b (around US$3.76b), generating roughly US$3.3b in net proceeds.ナラティブ更新 • Apr 25
PAA: Fair Value Outlook Will Reflect Pipeline Acquisition And Completed Buybacks
Analysts have revised their price target for Plains All American Pipeline from $21.89 to $22.56. The change reflects updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions.ナラティブ更新 • Apr 10
PAA: Stable Fair Value And Completed Buybacks Will Support Future Return Balance
Analysts have reiterated a $21.89 price target for Plains All American Pipeline, with a slightly lower discount rate and marginally adjusted revenue growth, profit margin, and forward P/E assumptions guiding this updated view. What's in the News Federal Energy Regulatory Commission approved Plains All American Pipeline's proposed accounting for its acquisition of 100% membership interest in EPIC Crude Holdings, LP, owner of the Cactus III Pipeline, with assets to be recorded at fair market value on Cactus III’s books, consistent with Carrier Property Instruction 3-11(b) and (c) (Regulatory filing).ナラティブ更新 • Mar 26
PAA: Higher Distribution And Buybacks Will Support A Balanced Return Outlook
Analysts have adjusted their price target for Plains All American Pipeline from about $21.47 to about $21.89, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Plains All American Pipeline reported that from October 1, 2025 to December 31, 2025, it repurchased 0 units for US$0 under its ongoing program, while completing a total repurchase of 32,012,387 units, or 4.47% of its units, for US$310.6 million under the buyback announced on November 2, 2020 (Key Developments).ナラティブ更新 • Mar 11
PAA: Higher Distribution And Revised Assumptions Will Shape Balanced Return Outlook
Analysts have nudged their price target for Plains All American Pipeline higher from about $20.65 to $21.47, reflecting updated assumptions that combine a slightly lower discount rate with revised views on future revenue growth, profit margins, and P/E expectations. What's in the News Plains All American Pipeline, L.P. declared a quarterly cash distribution of $0.4175 per common unit, which equates to $1.67 per unit on an annualized basis (Key Developments).ナラティブ更新 • Feb 03
PAA: Distribution Uplift And Completed Buybacks Will Guide Forward Return Potential
Analysts have slightly adjusted their price target for Plains All American Pipeline, revising their estimate of fair value from about $20.62 to $20.65 as they incorporate updated assumptions on revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News Plains All American Pipeline, L.P. declared a quarterly cash distribution of $0.4175 per common unit, or $1.67 on an annualized basis, compared with the distribution paid in November 2025.ナラティブ更新 • Jan 20
PAA: Distribution Increase And Completed Buybacks Will Shape Future Return Potential
Analysts have nudged their price target for Plains All American Pipeline slightly higher to about US$20.62 from roughly US$20.44, reflecting updated assumptions on fair value, discount rate, revenue trends, profit margins and future P/E expectations. What's in the News Plains All American Pipeline, L.P. declared a quarterly cash distribution of $0.4175 per common unit, or US$1.67 per unit on an annualized basis.ナラティブ更新 • Jan 06
PAA: Completed Buyback Will Support Future Upside From Current Levels
Analysts have modestly refined their fair value view on Plains All American Pipeline to around $20.44 per unit. This reflects small adjustments to the discount rate, profit margin outlook and assumed future P/E multiple rather than a large shift in their overall stance.ナラティブ更新 • Dec 17
PAA: Completed Buyback And Lower Risk Profile Will Support Upside
Analysts have nudged their price target on Plains All American Pipeline slightly lower to approximately $20.44 per unit from about $20.47. The change reflects modest tweaks to discount rate, revenue growth, and valuation assumptions, even as profit margin expectations edge higher.ナラティブ更新 • Dec 03
PAA: Completed Buyback And Lower Risk Profile Will Support Upside
Analysts modestly raised their price target on Plains All American Pipeline by approximately $0.12 per share, citing a slightly lower perceived risk profile, improved long term profit margin assumptions, and a marginally better revenue trajectory that together support a still reasonable future earnings multiple. What's in the News Completed share repurchase program announced November 2, 2020, with a total of 32,012,387 shares bought back for $310.6 million, representing approximately 4.47% of shares outstanding (company filing).ナラティブ更新 • Nov 19
PAA: Multiple New Underwriters Will Strengthen Upcoming Fixed-Income Offerings
Analysts have slightly reduced their price target for Plains All American Pipeline from $20.41 to $20.35. This change reflects updated expectations around revenue growth and profit margins.ナラティブ更新 • Nov 03
PAA: Increased Buybacks And Shareholder Returns Will Signal Future Upside Potential
Narrative Update on Plains All American Pipeline Analysts have slightly lowered their price target for Plains All American Pipeline from $20.65 to $20.41 per share, citing revised revenue growth expectations while profit margins and valuation metrics remain stable. What's in the News Mizuho Securities USA LLC, ING Financial Markets LLC, RBC Capital Markets LLC, Citigroup Global Markets Inc., U.S. Bancorp Investments Inc., SMBC Nikko Securities America Inc., Scotia Capital (USA) Inc., CIBC World Markets Corp., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., BMO Capital Markets Corp., and Regions Securities LLC have all been added as Co-Lead Underwriters for Plains All American Pipeline's $699.055 million Fixed-Income Offering (Key Developments).ナラティブ更新 • Oct 20
US Crude Focus And Permian Expansion Will Drive Future Value
Analysts have slightly lowered their price target for Plains All American Pipeline from $20.74 to $20.65, reflecting subtle adjustments to growth and profitability expectations. What's in the News Mizuho Securities USA LLC, ING Financial Markets LLC, RBC Capital Markets, Citigroup Global Markets Inc., U.S. Bancorp Investments, SMBC Nikko Securities America, Scotia Capital (USA) Inc., CIBC World Markets Corp., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., BMO Capital Markets Corp., and Regions Securities LLC have all been added as Co-Lead Underwriters for Plains All American Pipeline's $699.055 million Fixed-Income Offering (Key Developments).ナラティブ更新 • Oct 05
US Crude Focus And Permian Expansion Will Drive Future Value
Analysts have slightly lowered their price target for Plains All American Pipeline, adjusting it from $21.09 to $20.74 per share as they factor in more conservative revenue growth expectations and a modestly reduced discount rate. What's in the News Multiple co-lead underwriters have been added for Plains All American Pipeline, L.P.'s $699.055 million and $548.889 million fixed-income offerings.Seeking Alpha • Apr 27
Viewing 2025 And Beyond Crude Oil Markets Through Plains All American
Summary Plains All American Pipeline is a reliable proxy for U.S. crude production, making it a valuable indicator for market trends. Previously owned but exited due to price and yield considerations, maintaining interest due to its proxy status. The company's guidance and historical performance are strong indicators for future predictions. Investment decisions are influenced by the company's ability to serve as a reliable predictor of U.S. crude production trends. Read the full article on Seeking AlphaSeeking Alpha • Mar 18
Plains All American: The Value Is Too Good To Pass Up
Summary Plains All American offers a compelling 7.6% distribution yield, supported by robust operating fundamentals and disciplined capital management. PAA's performance exceeded expectations with adjusted EBITDA growth driven by higher crude volumes, favorable NGL dynamics, and tariff escalators. The balance sheet remains strong with a low leverage ratio, and recent acquisitions enhance long-term growth prospects. Trading at an attractive 5.6x price-to-cash flow, PAA is well-positioned for income and value investors, with management committed to annual distribution increases. Read the full article on Seeking AlphaSeeking Alpha • Jan 14
Plains All American's Strong Permian Performance Reflects Strong Demand
Summary Plains delivered a strong operational quarter, expecting to hit the top end of 2024 adjusted EBITDA guidance of $2.725 billion to $2.775 billion. Anticipating $1.45 billion in adjusted free cash flow for 2024, with $1.15 billion allocated to common and preferred distributions. Permian volume growth remains on track, with efficiencies offsetting lower horizontal rig counts, and the Fort Saskatchewan project is on schedule for 2025. Focused on bolt-on acquisitions and capital efficiency to enhance financial flexibility and return cash to shareholders over multiple years. Read the full article on Seeking AlphaSeeking Alpha • Dec 15
Piping Hot Yields: Why Plains All American's Distribution Is A Bargain
Summary Exxon Mobil's strategic M&A and focus on high-margin traditional oil and gas have driven its market cap growth, outpacing peers. Plains All American Pipeline offers a compelling 7.1% yield, strong cash flow coverage, and undervaluation, despite facing pipeline overcapacity and recontracting risks. PAA's disciplined capital allocation and strategic NGL investments position it for long-term growth, supported by Permian production increases. For income-focused investors, PAA presents significant upside potential within the midstream sector, driven by Permian growth and improved fundamentals. Read the full article on Seeking AlphaSeeking Alpha • Dec 03
Why Plains All American Is My High Conviction Income Stock
Summary Plains All American offers a compelling investment with a high 6.9% yield, strong balance sheet, and undervaluation compared to peers. PAA's diversified midstream energy assets and robust growth in Permian Basin volumes underpin stable fee-based cash flows and growth prospects. The company's disciplined capital allocation, high DCF-to-Distribution coverage ratio, and low leverage enhance its financial stability and income potential. With a Price-to-Cash Flow ratio far below peers, PAA presents significant capital appreciation potential alongside its attractive income yield. Read the full article on Seeking AlphaSeeking Alpha • Nov 11
Plains All American Pipeline: Risky Fixed Income Play
Summary Plains All American Pipeline maintains a stable market share and competitive advantage in crude oil transportation, but faces revenue volatility due to fluctuating oil prices. The company's profitability is low, with average gross and net margins of 7.5% and 1.59%, primarily due to its focus on crude oil transportation. Despite high debt levels, Plains All American Pipeline shows slightly stronger FCF margins than competitors, attributed to lower capex spending. However, we rate the company's fixed-income securities as a Hold due to its high debt, low profitability, and less attractive yield-to-credit rating ratio compared to competitors. Read the full article on Seeking AlphaSeeking Alpha • Oct 11
Financials For Plains All American Pipeline Remain Strong
Summary Plains All American Pipeline reported positive results, including a $75 million EBITDA increase and favorable spreads on unhedged C3+ products. Growth is expected from Bolt-On acquisitions and crude volume increases, though significant growth in crude production is uncertain. Management plans to refinance $1.7 billion in debt by 2026. We expect a $0.15 distribution increase next year, supported by $400 million in excess cash, maintaining our buy rating. Read the full article on Seeking Alpha
新しいナラティブ • Aug 22
Critical Acquisitions And Market Savvy Fuel Optimistic Earnings And Growth Prospects
Focused strategy on bolt-on acquisitions and market-based opportunities in crude oil and NGL segments indicate potential for increased revenue and net margins.Seeking Alpha • Aug 11
Plains All American: 7.3% Yield And 190% Dividend Coverage
Summary PAA offers a 7.3% distribution yield with strong coverage ratio and steady growth potential. The company has diversified assets, strong balance sheet, and strategic shift towards fee-based business. PAA's recent performance, acquisition strategy, and valuation make it a compelling choice for conservative investors. Read the full article on Seeking AlphaSeeking Alpha • Jun 30
Examining Plains All American Pipeline's Financial Portrait
Summary First quarter adjusted EBITDA net PAA was $718 million. The company reaffirmed adjusted EBITDA guidance ranged between $2.625 billion to $2.725 billion for 2024. Acquired additional 10% in Saddlehorn Pipeline Company, LLC and Mid-Con terminal asset for $110 million, expected to enhance position in Rockies and Mid-Con. Read the full article on Seeking AlphaSeeking Alpha • Jun 18
Plains All American: The Dividend Story Has Strengthened After Q1 Report
Summary In my latest article on Plains All American I made it clear that PAA is mostly a dividend play rather than an investment from which we could expect strong price appreciation. So far, the stock price has dropped, while the underlying fundamentals have become more supportive for a juicy dividend case. In this article I assess the details of Q1 earnings report and justify why, in my opinion, PAA is an enticing investment case for investors, who seek high and de-risked yield. Read the full article on Seeking Alpha株主還元
| PAA | US Oil and Gas | US 市場 | |
|---|---|---|---|
| 7D | -0.8% | 1.4% | -1.5% |
| 1Y | 48.4% | 41.3% | 13.3% |
業界別リターン: PAA過去 1 年間で41.3 % の収益を上げたUS Oil and Gas業界を上回りました。
リターン対市場: PAA過去 1 年間で13.3 % の収益を上げたUS市場を上回りました。
価格変動
| PAA volatility | |
|---|---|
| PAA Average Weekly Movement | 3.1% |
| Oil and Gas Industry Average Movement | 5.6% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.3% |
| 10% least volatile stocks in US Market | 2.9% |
安定した株価: PAA 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。
時間の経過による変動: PAAの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。
会社概要
| 設立 | 従業員 | CEO（最高経営責任者 | ウェブサイト |
|---|---|---|---|
| 1981 | 3,900 | Willie Chiang | www.plains.com |
プレインズ・オール・アメリカン・パイプライン社（Plains All American Pipeline, L.P.）は、子会社を通じ、米国およびカナダで原油および天然ガス液（NGL）のパイプライン輸送、終端処理、貯蔵、集荷を行っている。同社は原油とNGLの2つのセグメントで事業を展開している。原油部門は、パイプライン、トラック、バージ船、鉄道車両を利用した原油の集荷・輸送を行っている。このセグメントでは、終端処理、貯蔵、その他の関連サービス、およびマーチャント活動を提供している。NGL部門は、天然ガス処理、NGL分留、貯蔵、輸送、ターミナル業務を行っている。このセグメントには、天然ガス生産・加工活動や原油精製プロセスから得られるエタン、プロパン、ノルマルブタン、イソブタン、天然ガソリンも含まれる。同社のNGL成分は、暖房、エンジン、工業用燃料など様々な用途に使用されている。同社は1981年に設立され、テキサス州ヒューストンに本社を置く。Plains All American Pipeline, L.P.はPlains GP Holdings, L.P.の子会社として営業している。
Plains All American Pipeline, L.P. 基礎のまとめ
| PAA 基礎統計学 | |
|---|---|
| 時価総額 | US$18.24b |
| 収益（TTM） | US$821.00m |
| 売上高(TTM) | US$52.31b |
22.1x
PER（株価収益率0.3x
P/SレシオPAA は割高か？
公正価値と評価分析を参照収益と収入
| PAA 損益計算書（TTM） | |
|---|---|
| 収益 | US$52.31b |
| 売上原価 | US$49.40b |
| 売上総利益 | US$2.90b |
| その他の費用 | US$2.08b |
| 収益 | US$821.00m |
直近の収益報告
Jun 30, 2026
次回決算日
該当なし
| 一株当たり利益（EPS） | 1.16 |
| グロス・マージン | 5.55% |
| 純利益率 | 1.57% |
| 有利子負債／自己資本比率 | 58.6% |
PAA の長期的なパフォーマンスは？
過去の実績と比較を見る配当金
6.5%
現在の配当利回り140%
配当性向企業分析と財務データの現状
| データ | 最終更新日（UTC時間） |
|---|---|
| 企業分析 | 2026/09/15 21:50 |
| 終値 | 2026/09/15 00:00 |
| 収益 | 2026/06/30 |
| 年間収益 | 2025/12/31 |
データソース
企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。
| パッケージ | データ | タイムフレーム | 米国ソース例 |
|---|---|---|---|
| 会社財務 | 10年 |
| |
| アナリストのコンセンサス予想 | +プラス3年 |
|
|
| 市場価格 | 30年 |
| |
| 所有権 | 10年 |
| |
| マネジメント | 10年 |
| |
| 主な進展 | 10年 |
|
* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。
特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。
分析モデルとスノーフレーク
このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。
シンプリー・ウォールストリート分析モデルを設計・構築した ご紹介します。
業界およびセクターの指標
私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。
アナリスト筋
Plains All American Pipeline, L.P. 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。41
| アナリスト | 機関 |
|---|---|
| Ethan Bellamy | Baird |
| "Theresa Chen | Barclays |
| Richard Gross | Barclays |