# Plains ALL American Pipeline LP (PAA)

- Sector: Energy · Industry: Oil Gas Midstream
- SEC CIK: 0001070423 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001070423))
- Full page: https://inspectstocks.com/stocks/paa
- Data as of: price 2026-09-25; newest filing used 2026-08-10; latest fiscal period ended 2026-06-30

## Grade

**B** on the growth-and-cash rubric, 4 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $52.3B | $51.2B |
| Revenue growing recently | passed | $52.3B | $44.3B |
| Free cash flow positive | passed | $2.4B |  |
| Free cash flow growing overall | failed | $2.4B | $2.4B |
| Free cash flow growing recently | passed | $2.4B | $2.3B |

Business quality (the + / − mark): 2 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 5.3% |  |
| Healthy profit margin | failed | 5.3% |  |
| Strong operating margin | failed | 3.1% |  |
| Good return on equity | failed | -274.0% |  |
| Debt under control | passed | -11.46 |  |
| Turns sales into cash | failed | 4.5% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $52.3B |
| Net income, trailing twelve months | $2.8B |
| Free cash flow, trailing twelve months | $2.4B |
| Net margin | 5.3% |
| Operating margin | 3.1% |
| Return on equity | -274.0% |
| Debt to equity | -11.46 |
| Share price | $24.42 |
| Market value | $17.2B |
| Price / sales | 0.3x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/paa)
- [Financial statements](https://inspectstocks.com/stocks/paa/financials)
- [Competitors](https://inspectstocks.com/stocks/paa/peers)
- [Earnings](https://inspectstocks.com/stocks/paa/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.