Plains All American Pipeline LP

Chart & Performance

D1W1MN

P/E

9.94

P/S

0.25

EPS

1.75

Div Yield, %

8.09%

Shrs. gr., 5y

-2.64%

Rev. gr., 5y

7.42%

Revenues

48.71b

-15.05%

Net income

1.23b

+18.61%

CFO

2.73b

+13.25%

Dividend

Jul 31, 20240.3175 USD/sh

Earnings

Feb 07, 2025

Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminalling, storage, and other facilities-related services, as well as merchant activities. As of December 31, 2021, this segment owned and leased 18,300 miles of active crude oil transportation pipelines and gathering systems, as well as an additional 110 miles of pipelines that supports crude oil storage and terminalling facilities; 74 million barrels of commercial crude oil storage capacity; 38 million barrels of active, above-ground tank capacity; four marine facilities; a condensate processing facility; seven crude oil rail terminals and 2,100 crude oil railcars; and 640 trucks and 1,275 trailers. The Natural Gas Liquids segment engages in the natural gas processing, NGL fractionation, storage, transportation, and terminalling activities. As of December 31, 2021, this segment owned and operated four natural gas processing plants; nine fractionation plants; 28 million barrels of NGL storage capacity; approximately 1,620 miles of active NGL transportation pipelines, as well as an additional 55 miles of pipeline that supports NGL storage facilities; 16 NGL rail terminals and approximately 3,900 NGL rail cars; and approximately 220 trailers. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.

URL

https://www.plains.com/

IPO date

Nov 18, 1998

Employees

4,100

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	48,712,000 -15.05%	57,342,000 36.39%
Cost of revenue	46,306,000	55,781,000
Unusual Expense (Income)
NOPBT	2,406,000	1,561,000
NOPBT Margin	4.94%	2.72%
Operating Taxes	121,000	189,000
Tax Rate	5.03%	12.11%
NOPAT	2,285,000	1,372,000
Net income	1,230,000 18.61%	1,037,000 74.87%
Dividends	(989,000)	(782,000)
Dividend yield	9.34%	9.49%
Proceeds from repurchase of equity		(74,000)
BB yield		0.90%
Debt
Debt current	433,000	1,159,000
Long-term debt	7,979,000	7,903,000
Deferred revenue		(545,000)
Other long-term liabilities	978,000	1,081,000
Net debt	5,142,000	5,577,000
Cash flow
Cash from operating activities	2,727,000	2,408,000
CAPEX	(559,000)	(455,000)
Cash from investing activities	(702,000)	(526,000)
Cash from financing activities	(1,976,000)	(1,931,000)
FCF	6,647,000	2,054,000
Balance
Cash	450,000	401,000
Long term investments	2,820,000	3,084,000
Excess cash	834,400	617,900
Stockholders' equity	13,732,000	13,325,000
Invested Capital	21,950,600	21,997,100
ROIC	10.40%	6.43%
ROCE	10.56%	6.74%
EV
Common stock shares outstanding	699,000	701,000
Price	15.15 28.83%	11.76 25.91%
Market cap	10,589,850 28.46%	8,243,760 23.27%
EV	21,337,850	19,380,760
EBITDA	3,454,000	2,526,000
EV/EBITDA	6.18	7.67
Interest	386,000	405,000
Interest/NOPBT	16.04%	25.94%