{ "ok": true, "cik": "1070423", "ticker": "PAA", "name": "PLAINS ALL AMERICAN PIPELINE LP", "filings": [ { "form": "8-K", "filed": "2026-09-14", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1070423/000110465926107512/0001104659-26-107512-index.htm" }, { "form": "8-K", "filed": "2026-09-10", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1070423/000110465926106419/0001104659-26-106419-index.htm" }, { "form": "8-K", "filed": "2026-09-09", "items": [ "2.02 Results of Operations and Financial Condition", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1070423/000110465926105984/0001104659-26-105984-index.htm" }, { "form": "10-Q", "filed": "2026-08-10", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1070423/000107042326000031/0001070423-26-000031-index.htm" }, { "form": "8-K", "filed": "2026-08-07", "items": [ "2.01 Completion of Acquisition or Disposition of Assets", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1070423/000107042326000028/0001070423-26-000028-index.htm" }, { "form": "8-K", "filed": "2026-06-17", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1070423/000110465926075186/0001104659-26-075186-index.htm" } ], "events12m": 16, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001070423.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1070423" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up PLAINS ALL AMERICAN PIPELINE LP ($PAA). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-14. 16 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 44262000000, "revenueGrowth1y": -0.09464296672053019, "revenueGrowthPerYear": 0.01273072500506034, "yearsOfData": 5, "operatingMargin": 0.032397993764402874, "operatingMarginPrior": 0.017754505103397492, "netMargin": 0.039966562740047895, "operatingCashFlow": 2936000000, "capitalSpending": 643000000, "freeCashFlow": 2293000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 328000000, "longTermDebt": 10696000000, "longTermDebtChange": 0.48328941894328104, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 42078000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 57342000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 47336000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 48889000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 44262000000 } ], "totalEquity": null, "totalAssets": 30169000000, "equityRatio": null, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 31882836688.272236, "high": 45750902545.34207, "baseline": 40337597024.635925, "n": 1471, "band": "b10" }, "ifPaceHeld": { "low": 31882836688.272236, "high": 45750902545.34207 } }, "edgarette": "🔖 Exposure: revenue $44.3B (FY2025), total debt $10.7B. Experience: revenue down 9.5% on the year, up 1.3% a year over 4 years; operating margin 3.2%, up from 1.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $31.9B and $45.8B next year (method v3, set from 1,471 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast.", "summary": "Plains All American Pipeline (PAA) saw revenue fall 9.5% in FY2025 to $44.3 billion, operating margin 3.2%. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
PLAINS ALL AMERICAN PIPELINE LP against its own record and its peers
Operating margin3.2%Revenue, on the year-9.5%No peer group large enough for a median
", "chartHorizon": null, "backtest": { "tests": 15, "hits": 8, "rate": 0.5333333333333333, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T13:12:28.379Z", "hash": "362d5d92fef3520d", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Plains All American Pipeline (PAA) saw revenue fall 9.5% in FY2025 to $44.3 billion, operating margin 3.2%. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 44262000000, "totalDebt": 10696000000, "cash": 328000000 }, "experience": { "revenueGrowth1y": -0.09464296672053019, "revenueGrowthPerYear": 0.01273072500506034, "operatingMargin": 0.032397993764402874, "operatingMarginPrior": 0.017754505103397492, "netMargin": 0.039966562740047895, "freeCashFlow": 2293000000 }, "soundness": { "equityRatio": null, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": null, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 31882836688.272236, "high": 45750902545.34207, "baseline": 40337597024.635925, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 1471, "sizeBand": "b10" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 8, "rate": 0.5333333333333333, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T13:12:28.379Z", "hash": "362d5d92fef3520d", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001070423.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1070423" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }