PLAINS ALL AMERICAN PIPELINE LP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $44.3B | $48.9B | $47.3B | $57.3B | $42.1B |
| Cost of revenue | $40.4B | $45.2B | $43.9B | $53.2B | $38.5B |
| Operating income | $1.4B | $868.0M | $1.3B | $1.3B | $851.0M |
| Interest expense | $554.0M | $430.0M | $386.0M | $405.0M | $425.0M |
| Pretax income | $1.4B | $969.0M | $1.4B | $1.4B | $721.0M |
| Income tax expense | $15.0M | $87.0M | $61.0M | $189.0M | $73.0M |
| Net income | $1.4B | $772.0M | $1.2B | $1.0B | $593.0M |
| Balance Sheet | |||||
| Cash and equivalents | $328.0M | $348.0M | $450.0M | $401.0M | $449.0M |
| Current assets | $4.7B | $4.8B | $4.9B | $5.4B | $6.1B |
| Total assets | $30.2B | $26.6B | $27.4B | $27.9B | $28.6B |
| Current liabilities | $4.9B | $5.0B | $5.0B | $5.9B | $6.2B |
| Total debt | $11.3B | $7.6B | $7.8B | $8.4B | $9.2B |
| Cash Flow Statement | |||||
| Cash from operations | $2.9B | $2.5B | $2.7B | $2.4B | $2.0B |
| Depreciation and amortization | $953.0M | $901.0M | $909.0M | $965.0M | $774.0M |
| Stock-based compensation | $49.0M | $50.0M | $50.0M | $40.0M | $23.0M |
| Capital expenditure | $643.0M | $448.0M | $408.0M | $455.0M | $336.0M |
| Free cash flow | $2.3B | $2.0B | $2.3B | $2.0B | $1.7B |
| Share repurchases | $8.0M | $0 | $0 | $74.0M | $178.0M |
| Impairments | — | — | — | $0 | $0 |
Shares outstanding 705.5M · Free float 40.5%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.