Plains All American Pipeline, L.P.

NasdaqGS:PAA 주식 리포트

시가총액: US$16.7b

Plains All American Pipeline 향후 성장

Future 기준 점검 2/6

Plains All American Pipeline (는) 각각 연간 17.7% 및 4.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 16.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 19.2% 로 예상됩니다.

핵심 정보

17.7%

이익 성장률

16.81%

EPS 성장률

Oil and Gas 이익 성장11.3%
매출 성장률4.3%
향후 자기자본이익률19.17%
애널리스트 커버리지

Good

마지막 업데이트19 May 2026

최근 향후 성장 업데이트

Recent updates

내러티브 업데이트 • 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.
Seeking Alpha • Apr 13

Plains All American: The Days Of Value Creation Are Here

Summary Plains All American Pipeline (PAA) earns a Strong Buy rating, driven by a compelling 7.67% forward yield and resilient distributable cash flow. PAA’s toll-based revenue model and extensive Permian footprint ensure stable cash flows, with recent asset sales reallocating capital to higher-return segments. Despite a modest 1.4% YoY EBITDA growth, PAA’s economic spread has climbed to 5.43%, supporting sustainable yield growth and robust total returns above 12%. PAA maintains a healthy coverage ratio (~150%) and a stabilized cost of debt, positioning it for continued distribution growth and value creation. Read the full article on Seeking Alpha
내러티브 업데이트 • 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).
내러티브 업데이트 • 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).
내러티브 업데이트 • 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).
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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).
내러티브 업데이트 • 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.
내러티브 업데이트 • 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).
내러티브 업데이트 • 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).
내러티브 업데이트 • 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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
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새로운 내러티브 • 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 Alpha
Seeking 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 Alpha
Seeking 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
Seeking Alpha • Apr 22

Plains All American: A Buy Despite Recent Outperformance

Summary In the past 3 years, Plains All American has significantly outperformed its benchmarks and peers in the midstream energy/MLP market. This creates concern around PAA's valuation and further upside potential. Also, the massive hit in the early pandemic period could theoretically question the strength of PAA's financial and cash generation profile. In this article, I assess the key fundamentals of PAA and explain why I recommend a buy here. Read the full article on Seeking Alpha
Seeking Alpha • Mar 28

Plains All American's 7.5% Yield: More Stable Than Meets The Eye

Summary PAA's dividends are important for investors betting on the long-term value of its assets in a changing energy landscape. PAA has made strategic changes to become a more stable company, including cutting debt and focusing on smaller pipeline projects. PAA's leverage has decreased, and its credit rating outlook has improved, indicating a potential for a rating upgrade in the future. Read the full article on Seeking Alpha
Seeking Alpha • Mar 17

Plains All American: A Solid 8% Distribution Play

Summary Plains All American Pipeline is an attractive distribution play in the master limited partnership space with a projected 1.9X distribution coverage ratio for FY 2024. The company owns and operates midstream energy infrastructure, with a focus on the fast-growing Permian basin. Plains All American Pipeline is currently valued at an enterprise-value-to-EBITDA ratio of 8.0X, which I see as reasonable. Given the distribution coverage, a distribution increase later this year is likely. Read the full article on Seeking Alpha
Seeking Alpha • Feb 29

Plains All American Pipeline's Units Likely Continue Increasing In Value During 2024

Summary Plains All American Pipeline reported strong 4th quarter and 2023 results, but guided for flat results in 2024 due to lower NGL offset by strong transportation expectations. Management has laid out a formula for future distribution increases, with a 15% increase expected this year and future increases driven by DCF growth. Permian production and potential bolt-on purchases will be key factors to watch for further investment information and cash flow increases. Read the full article on Seeking Alpha

이익 및 매출 성장 예측

NasdaqGS:PAA - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
12/31/202853,4141,4671,6712,8017
12/31/202751,4001,3751,5752,6979
12/31/202652,1141,1601,6882,3357
3/31/202645,2557822,0822,715N/A
12/31/202544,2627862,2932,936N/A
9/30/202545,7324972,2762,877N/A
6/30/202546,6102292,2262,751N/A
3/31/202548,7272992,2792,710N/A
12/31/202448,8892832,0422,490N/A
9/30/202449,5526322,2772,774N/A
6/30/202449,1677291,6432,168N/A
3/31/202448,0108061,8092,403N/A
12/31/202347,3367842,3192,727N/A
9/30/202348,9669381,5032,050N/A
6/30/202351,2311,1312,3752,907N/A
3/31/202355,9891,0552,3352,811N/A
12/31/202257,3428311,9532,408N/A
9/30/202257,3791,0212,3182,709N/A
6/30/202253,8195781,7582,102N/A
3/31/202247,3891591,2051,545N/A
12/31/202142,0783931,6601,996N/A
9/30/202135,052-851,2301,619N/A
6/30/202130,1091181,1181,566N/A
3/31/202123,4044788251,415N/A
12/31/202023,290-2,7907761,514N/A
9/30/202026,481-2,4551,0731,982N/A
6/30/202028,535-2,1499532,014N/A
3/31/202033,563-1,8471,1572,361N/A
12/31/201933,6691,967N/A2,504N/A
9/30/201933,3012,773N/A3,092N/A
6/30/201934,2063,032N/A3,057N/A
3/31/201934,0322,689N/A3,120N/A
12/31/201834,0552,009N/A2,608N/A
9/30/201832,8741,084N/A1,875N/A
6/30/201829,955418N/A2,053N/A
3/31/201827,954516N/A2,204N/A
12/31/201726,223685N/A2,499N/A
9/30/201724,569637N/A2,003N/A
6/30/201723,867808N/A1,807N/A
3/31/201722,739578N/A914N/A
12/31/201620,182200N/A733N/A
9/30/201619,227204N/A770N/A
6/30/201619,607139N/A1,071N/A
3/31/201621,320197N/A1,247N/A
12/31/201523,152305N/A1,358N/A
9/30/201527,615464N/A1,948N/A
6/30/201533,191559N/A1,701N/A

애널리스트 향후 성장 전망

수입 대 저축률: PAA 의 연간 예상 수익 증가율(17.7%)이 saving rate(3.5%)보다 높습니다.

수익 vs 시장: PAA 의 연간 수익(17.7%)이 US 시장(16.8%)보다 빠르게 성장할 것으로 예상됩니다.

고성장 수익: PAA 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.

수익 대 시장: PAA 의 수익(연간 4.3%)이 US 시장(연간 11.7%)보다 느리게 성장할 것으로 예상됩니다.

고성장 매출: PAA 의 수익(연간 4.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: PAA의 자본 수익률은 3년 후 19.2%로 낮을 것으로 예상됩니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/22 16:15
종가2026/05/22 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

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패키지데이터기간미국 소스 예시 *
기업 재무제표10년
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시장 가격30년
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지분 구조10년
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경영진10년
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주요 개발10년
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분석가 소스

Plains All American Pipeline, L.P.는 40명의 분석가가 다루고 있습니다. 이 중 9명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Ethan BellamyBaird
Richard GrossBarclays
Theresa ChenBarclays