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Plains All American Pipeline, L.p. (PAA) is an energy company in the raw oil transport and holding industry, based in Houston, United States, with about 3,900 full-time employees.
It reported revenue of $44.26 billion for fiscal year 2025, down 11.6% from fiscal year 2024, and net income of $1.17 billion. In Q2 2026 (the quarter ended June 30, 2026) revenue was $17.69 billion, up 66.3% from a year before. Its largest business segment, Crude Oil, brought in 100% of segment revenue in fiscal year 2025; United States was the largest region with 90%. Its market capitalization was $17.17 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
, 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 through two segments, Crude Oil and NGL.
Plains All American Pipeline reported $44.26 billion in revenue for fiscal year 2025, down 11.6% from $50.07 billion in fiscal year 2024. In Q2 2026 revenue was $17.69 billion.
Crude Oil, with $44.13 billion or 100% of segment revenue in fiscal year 2025. Next: NGL (under 1%).
United States: 90% of revenue by region in fiscal year 2025, followed by Canada (10%).
$17.17 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (raw oil transport and holding) include Enbridge Inc. (ENB), South Bow Corporation (SOBO), Plains GP Holdings, L.p. (PAGP).