PAA

Based on Plains All American Pipeline, L.P.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

What does Plains All American Pipeline do?

Plains All American Pipeline gathers, transports, stores, and terminals crude oil and natural gas liquids across the United States and Canada. It operates thousands of miles of pipelines, dozens of storage facilities, rail terminals, and marine loading points. Revenue comes primarily from fees charged to producers and shippers for using this infrastructure.

Does PAA pay dividends?

Yes, Plains All American pays regular cash distributions to unitholders as a master limited partnership. The MLP structure is designed around returning cash to investors, and the partnership has maintained a distribution program tied to its fee-based cash flows. Investors should review current distribution levels and coverage ratios on the company's investor relations page.

When does PAA report earnings?

Plains All American reports financial results on a quarterly basis, in line with standard US-listed partnership requirements. For exact reporting dates and the most recent earnings release, check the investor relations section of the Plains All American website.

Is PAA a good stock to buy?

UQS Score rates PAA as Below Average overall. The Valuation pillar is Attractive, which may appeal to yield-focused investors, but the Growth and Risk pillars are both rated Weak. Whether PAA fits a portfolio depends on individual risk tolerance and income objectives. The full pillar breakdown is available to UQS Pro members.

Is PAA overvalued?

Based on the UQS Valuation pillar, PAA screens as Attractive — meaning the market appears to be pricing in the partnership's risks and limited growth profile. This does not guarantee upside, but it suggests the unit price reflects a degree of caution already embedded by the market.

How does PAA compare to its competitors?

PAA competes with other midstream operators including DT Midstream and Western Midstream Partners. PAA's scale — particularly its crude oil pipeline network — is among the largest in North America. However, competitors may carry different commodity exposures, leverage profiles, or growth trajectories. The UQS comparison view for each ticker is available on their respective pages.

What is PAA's market cap bracket?

Plains All American Pipeline is classified as a large-cap partnership, reflecting the significant scale of its pipeline, storage, and terminalling asset base across the US and Canada.

Who founded Plains All American Pipeline?

Plains All American Pipeline was founded in 1998. Founding leadership details are widely available through public filings and the company's official history on its investor relations website.

Is PAA a long-term quality investment?

As a long-term quality indicator, UQS rates PAA as Below Average, driven by Weak scores on Growth and Risk. The Neutral readings on Quality and Moat suggest the business is operationally stable but lacks the durable competitive advantages typically associated with high-conviction long-term holdings. Pro members can view the complete pillar detail.

What is the main competitive advantage of Plains All American?

PAA's primary advantage is the sheer scale and geographic reach of its pipeline and storage network. Owning thousands of miles of crude oil pipelines and tens of millions of barrels of storage capacity creates meaningful switching costs for producers who rely on its infrastructure. However, UQS rates the Moat pillar as only Neutral, indicating this advantage is not considered exceptional relative to sector peers.

What sector does PAA belong to?

Plains All American Pipeline operates in the Energy sector, specifically within the midstream subsector. Midstream companies focus on the transportation, storage, and processing of oil and gas rather than exploration or refining, giving them a partially fee-based revenue model.

Is PAA a growth stock or value stock?

Based on UQS pillar labels, PAA leans toward a value or income profile rather than growth. The Growth pillar is rated Weak, while the Valuation pillar is Attractive — a combination more consistent with a yield-oriented investment than a high-growth opportunity.

Plains All American Pipeline, L.P. has average quality metrics, with room for improvement in margins or capital efficiency.

Plains All American Pipeline, L.P. shows steady but unspectacular growth, typical for mature companies.

Plains All American Pipeline, L.P. presents elevated risk with concerns around leverage or financial stability.

Plains All American Pipeline, L.P. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Plains All American Pipeline, L.P. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PAA.

The UQS (Unified Quality Score) for Plains All American Pipeline, L.P. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Plains All American Pipeline, L.P.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Plains All American Pipeline, L.P. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.