OakChart

Plains All American Pipeline LP

PAAEnergy·Oil & Gas Midstream·USA·Large·NASD·Nov 11 • 3:54 PM ET

24.07+0.40 (1.69%)
2026-11-11 21:54 CET
Market cap
16,700.75 USD m
Revenue, TTM
55,742.00 USD m
Net income, TTM
2,118.00 USD m
Free cash flow, TTM
2,273.00 USD m
EPS diluted, TTM
3.00
P/E
8.02
Compare

Price

PAA against its 20, 50 and 200-day averages
2050200beatmiss
20.0022.0024.0026.004.3M8.7MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26PAAclose 24.0720-day 25.4750-day 25.11200-day 23.0524.0752w high

10.8% under the 52-week high of 26.98 on 29 Oct 2026. 52-week low 16.50 on 13 Nov 2025. Last 15 sessions, 16.5% high to low

Volume 0.47× normal · the line is the 50-bar volume average

Profile

PAA
52-week range, 72% of the way up
16.5026.98

Plains All American Pipeline LP engages in the operation of midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, and natural gas. It operates through the following business segments: Crude Oil and Natural Gas Liquids. The Crude Oil segment includes its crude oil pipelines, crude oil storage and marine terminals, and related crude oil marketing activities. The Natural Gas Liquids (NGL) segment refers to NGL pipelines, NGL storage, natural gas processing and NGL fractionation facilities, and related NGL marketing activities. The company was founded by Greg L. Armstrong in 1981 and is headquartered in Houston, TX.

Employees3900
IPONov 18, 1998
Beta0.56
ATR, 14d0.60
Rel volume0.47
Short float4.02%
Insider own35.24%
Inst own40.52%

Snapshot

6 groups

Valuation

Index-
Market Cap17.04B
Enterprise Value30.24B
Income2.12B
Sales55.74B
Book/sh12.25
Cash/sh1.24
Dividend Est.1.70 (7.06%)
Dividend TTM1.67 (6.95%)
Dividend Ex-DateOct 30, 2026
Dividend Gr. 3/5Y22.35% 11.05%
Payout91.54%
Employees3900
IPONov 18, 1998

Ratios

P/E8.02
Forward P/E13.83
PEG1.47
P/S0.31
P/B1.96
P/C19.39
P/FCF7.50
EV/EBITDA11.97
EV/Sales0.54
Quick Ratio1.04
Current Ratio1.09
Debt/Eq1.07
LT Debt/Eq1.07
Option/ShortYes / Yes

Earnings

EPS (ttm)3.00
EPS next Y1.74
EPS next Q0.42
EPS this Y-10.77%
EPS next Y26.63%
EPS next 5Y9.44%
EPS past 3/5Y11.89% -
Sales past 3/5Y-8.16% 13.42%
EPS Y/Y TTM143.26%
Sales Y/Y TTM19.31%
EPS Q/Q-110.50%
Sales Q/Q30.81%
EarningsNov 06 BMO
EPS/Sales Surpr.-109.66% -0.23%

Ownership

Insider Own35.24%
Insider Trans-0.00%
Inst Own40.52%
Inst Trans0.57%
ROA3.44%
ROE10.31%
ROIC13.70%
Gross Margin3.41%
Oper. Margin2.78%
Profit Margin3.80%
SMA20-5.49%
SMA50-4.15%
SMA2004.45%
Trades-

Technical

Shs Outstand707.94M
Shs Float456.90M
Short Float4.02%
Short Ratio7.09
Short Interest18.36M
52W High26.98 -10.79%
52W Low16.50 45.88%
Volatility3.07% 2.12%
ATR (14)0.60
RSI (14)38.92
Beta0.56
Rel Volume0.47
Avg Volume2.59M
Volume1,198,963

Performance

Perf Week-4.52%
Perf Month-3.41%
Perf Quarter2.64%
Perf Half Y9.96%
Perf YTD34.02%
Perf Year43.96%
Perf 3Y57.84%
Perf 5Y125.59%
Perf 10Y-20.30%
Recom2.30
Target Price26.71
Prev Close23.67
Price24.07
Change %1.69%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 09, 2026InitiatedJJefferiesBuy$27+12.2%
Jun 04, 2026UpgradeGGoldmanSell → Neutral$24-0.3%
Jan 28, 2026DowngradeBBofA SecuritiesNeutral → Underperform$19-21.1%
Jul 25, 2025DowngradeWWolfe ResearchOutperform → Peer Perform
Jan 10, 2025UpgradeWWolfe ResearchPeer Perform → Outperform$22-8.6%
Jan 10, 2025ResumedBScotiabankSector Outperform$23-4.4%
Dec 18, 2024DowngradeWWells FargoOverweight → Equal Weight$22 → $20-16.9%
Oct 25, 2024DowngradeMMorgan StanleyOverweight → Equal-Weight$22 → $19-21.1%
Oct 17, 2024ResumedBBofA SecuritiesNeutral$18-25.2%
Apr 08, 2024ResumedBScotiabankSector Outperform$23-4.4%

Peers

Mkt cap
TickerCompanyMkt cap
EPDEnterprise Products Partners L P80.32B
ETEnergy Transfer LP66.80B
MPLXMPLX LP57.46B
SOBOSouth Bow Corp6.87B
ENBEnbridge Inc106.74B
WESWestern Midstream Partners LP17.06B
OKEOneok Inc55.54B
TRGPTarga Resources Corp62.39B
KMIKinder Morgan Inc70.30B
GELGenesis Energy LP1.59B

Insider trading

8 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Herbold ChrisSr. VP Finance & CAOAug 14 '26Option Exercise0.00140,6090381,682Aug 17 06:14 PM
Swanson AlEVP & CFOAug 14 '26Option Exercise0.00109,1650711,066Aug 17 06:12 PM
McGee Richard K.EVP, General Counsel & Sec.Aug 14 '26Option Exercise0.00109,1650715,518Aug 17 06:10 PM
Goebel Jeremy L.EVP & CCOAug 14 '26Option Exercise0.00640,6910640,691Aug 17 06:07 PM
Chandler Chris R.EVP & COOAug 14 '26Option Exercise0.00640,69101,134,595Aug 17 06:05 PM
Chiang Willie CWChairman & CEOAug 14 '26Option Exercise0.00346,35701,533,148Aug 17 06:02 PM
Ziemba Lawrence MichaelDirectorJun 29 '26Sale21.952,34651,4950Jun 30 04:10 PM
ZIEMBA FAMILY TRUSTDirectorJun 29 '26Proposed Sale21.952,34651,495Jun 29 04:08 PM

Held by

AUM
TickerCompanyAUM
DIVGlobal X SuperDividend U.S. ETFAUM: 773.37M
TPYPTortoise North American Pipeline ETFAUM: 875.89M
ONEQFidelity Nasdaq Composite Index ETFAUM: 10.35B
AQLGHCM Large Cap Growth ETFAUM: 75.50M
CZAInvesco Zacks Mid-Cap ETFAUM: 184.56M
CVYInvesco Zacks Multi-Asset Income ETFAUM: 119.10M
TOLZProShares DJ Brookfield Global Infrastructure ETFAUM: 172.79M
BFORBarrons 400 ETFAUM: 238.46M
ABLDAbacus FCF Real Assets Leaders ETFAUM: 11.58M

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-06-0.0400.414-0.06015,17315,20810
2026Q22026-08-070.4100.3822.50717,69312,72410
2026Q12026-05-080.3900.3670.14212,47012,02210
2025Q42026-02-060.4000.3950.40910,56512,85310
2025Q32025-11-050.3900.3550.55311,57812,51810
2025Q22025-08-080.3600.3240.23210,64213,4189
2025Q12025-05-090.3900.4360.48712,01114,13910
2024Q42025-02-070.4200.413-0.03812,40213,76410
2024Q32024-11-080.3700.3100.22412,74313,0879
2024Q22024-08-020.3100.3140.25712,93312,31810
2024Q12024-05-030.4100.3910.29011,99512,9779
2023Q42024-02-090.4200.3620.35412,69814,30111
2023Q32023-11-030.3500.2480.20012,07114,1838
2023Q22023-08-040.2500.2040.32511,60215,2817
2023Q12023-05-050.4100.3820.51712,34115,85912
2022Q42023-02-080.3000.3690.30112,95214,90812

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY2.6502.6352.64933,66932,793
2020FY-3.830-3.246-3.83223,29023,863
2021FY0.5500.5780.54942,04338,519
2022FY1.1901.2991.18557,34257,901
2023FY1.4201.3331.39648,71246,960
2024FY1.5101.3690.73250,07351,584
2025FY1.5401.6631.66044,26247,315
2026FY-1.374--58,563
2027FY-1.740--62,889
2028FY-2.019--63,418
2029FY-2.284--67,935
2030FY-2.520--71,983

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-1082214,80511,18719,059
2026Q4S2026-11-0681314,60311,18719,059
2026Q4S2026-10-2783114,74211,18719,791
2026Q4S2026-10-2684114,74211,18719,791
2026Q4S2026-10-2585114,74211,18719,791
2026Q4S2026-10-1586114,74211,18719,791
2026Q4S2026-10-1486114,62211,18718,824
2026Q4S2026-10-0986114,61511,13518,824
2026Q4S2026-10-0886114,62211,13518,824
2026Q4S2026-10-0686014,72211,13518,824
2026Q4S2026-09-3086014,71111,13518,824
2026Q4S2026-09-1786014,70811,13518,824
2026Q4S2026-09-0886014,58311,13518,824
2026Q4S2026-09-0376014,39511,13518,824

Estimate history

EPS, annual0.952.7082.649-3.8320.5491.1851.3960.7321.6613.0001
Period201720182019202020212022202320242025TTM
EPS, quarterly0.224-0.0380.4870.2320.5530.4090.1422.507-0.058
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual26403339283335123591427175716348699489134428255742
Period201720182019202020212022202320242025TTM
Sales, quarterly127141243012045106821156510556123821767615128
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual725.189726.362728.029722.38704.992698.354701.009703.77705.521707.937
Period201720182019202020212022202320242025MRQ
Shares, quarterly703.669703.77703.776703.304705.498705.521705.532705.566707.937
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue55,742.0044,282.0048,913.0048,699.0057,163.0042,717.0023,591.0033,351.0033,928.00
Cost of Goods Sold Incl. D&A53,841.0042,542.0047,526.0046,959.0055,515.0040,414.0022,165.0031,370.0031,574.00
Gross Profit1,901.001,740.001,387.001,740.001,648.002,303.001,426.001,981.002,354.00
Selling, General and Administrative Excl. Other351.00325.00328.00350.00325.00292.00271.00297.00316.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income1,550.001,415.001,059.001,390.001,323.002,011.001,155.001,684.002,038.00
Interest Expense610.00554.00430.00386.00405.00425.00436.00416.00426.00
Unusual Expense-136.0035.0032.00-26.00-49.00554.002,791.00-325.00-106.00
Net Income Before Taxes1,455.001,401.00969.001,623.001,417.00721.00-2,599.002,246.002,414.00
Income Taxes107.0015.0087.00121.00189.0073.00-19.0066.00198.00
Consolidated Net Income1,340.001,379.00877.001,497.001,223.00646.00-2,582.002,174.002,207.00
Net Income From Continuing Operations991.001,045.00536.001,225.001,032.00591.00-2,592.002,165.002,207.00
Net Income2,118.001,169.00514.00976.00831.00393.00-2,790.001,967.002,009.00
EPS (Recurring)2.861.700.761.371.141.09-1.152.362.62
EPS (Basic, Before Extraordinaries)3.001.660.731.401.190.55-3.832.712.77
EPS (Diluted)3.001.660.731.401.190.55-3.832.652.71
EBITDA2,527.002,372.001,964.002,438.002,288.002,785.001,808.002,285.002,558.00
Non-Operating Income (Expense)379.00575.00372.00593.00450.00-311.00-527.00653.00696.00
Other After Tax Adjustments-8.00-7.00-5.00-5.00-5.00-2.00-2.00-6.00-9.00
Stock Option Compensation Expense33.7029.2328.4436.0025.2813.8713.8724.8262.41
Price To Earnings Ratio7.897.8915.2011.288.1117.01-6.987.55
Price To Sales Ratio0.300.290.250.220.140.160.250.440.47
Gross Margin3.413.932.843.572.885.396.045.946.94
Operating Margin2.783.202.172.852.314.714.905.056.01
Net Margin3.802.641.052.001.450.92-11.835.905.92
Shares Outstanding707.94705.52703.77701.01698.35704.99722.38728.03726.36
Market Capitalization16,700.7516,700.7512,018.6710,620.048,212.406,641.886,002.6513,388.4514,554.49

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue15,128.0017,676.0012,382.0010,556.0011,565.0010,682.0012,045.0012,430.00
Cost of Goods Sold Incl. D&A14,571.0017,126.0012,036.0010,108.0011,103.0010,274.0011,379.0012,066.00
Gross Profit557.00550.00346.00448.00462.00408.00666.00364.00
Selling, General and Administrative Excl. Other78.00110.0081.0082.0083.0082.00100.0093.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income479.00440.00265.00366.00379.00326.00566.00271.00
Interest Expense131.00153.00167.00159.00135.00133.00127.00112.00
Unusual Expense-40.00-17.00-81.002.00-13.0045.0046.00-4.00
Net Income Before Taxes421.00376.00335.00323.00459.00231.00566.00164.00
Income Taxes8.00100.001.00-2.006.004.0050.0045.00
Consolidated Net Income413.00268.00334.00325.00453.00221.00516.00119.00
Net Income From Continuing Operations323.00173.00255.00240.00365.00134.00443.0036.00
Net Income-41.001,770.00100.00289.00389.00163.00343.00-27.00
EPS (Recurring)-0.102.490.060.410.540.280.53-0.04
EPS (Basic, Before Extraordinaries)-0.062.510.140.410.550.230.49-0.04
EPS (Diluted)-0.062.510.140.410.550.230.49-0.04
EBITDA714.00682.00508.00623.00609.00561.00828.00529.00
Non-Operating Income (Expense)33.0072.00156.00118.00202.0083.00173.001.00
Other After Tax Adjustments0.00-8.000.000.000.00-6.000.000.00
Stock Option Compensation Expense8.6910.007.907.117.908.007.116.32
Price To Earnings Ratio7.8916.6713.2814.5618.8619.7127.3315.20
Price To Sales Ratio0.300.300.350.280.260.270.280.24
Gross Margin3.683.112.794.243.993.825.532.93
Operating Margin3.172.492.143.473.283.054.702.18
Net Margin-0.2710.010.812.743.361.532.85-0.22
Shares Outstanding707.94705.57705.53705.52705.50703.30703.78703.77
Market Capitalization16,700.7515,705.1415,754.5312,670.7411,998.3712,884.4414,075.5212,018.67

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments328.00348.00450.00401.00453.0060.0082.0066.0037.00
Short Term Receivables3,598.003,679.003,760.003,907.004,705.002,782.003,614.002,454.003,029.00
Inventories211.00261.00548.00729.00783.00647.00604.00640.00713.00
Other Current Assets596.00514.00155.00318.00196.00176.00312.00373.00221.00
Total Current Assets4,733.004,802.004,913.005,355.006,137.003,665.004,612.003,533.004,000.00
Net Property, Plant & Equipment17,058.0013,635.0016,095.0015,599.0015,296.0014,989.0015,821.0014,787.0014,089.00
Total Investments and Advances2,847.002,838.002,827.003,133.003,873.003,815.003,707.002,729.002,756.00
Long-Term Note Receivable--1.001.001.001.0038.0064.0026.00
Intangible Assets1,754.001,677.001,875.002,145.001,960.00805.003,247.003,293.003,371.00
Deferred Tax Assets17.0022.00-0.002.002.00---
Other Assets3,777.003,610.001,644.001,659.001,340.001,220.001,252.001,105.001,109.00
Total Assets30,186.0026,584.0027,355.0027,892.0028,609.0024,497.0028,677.0025,511.0025,351.00
Short Term Debt Incl. Current Port. of LT Debt590.00437.00515.001,230.00899.00909.00598.0066.00737.00
Accounts Payable3,457.003,647.003,844.004,044.004,810.002,437.003,686.002,704.003,457.00
Other Current Liabilities884.00866.00644.00617.00523.00907.00733.00686.00337.00
Total Current Liabilities4,931.004,950.005,003.005,891.006,232.004,253.005,017.003,456.004,531.00
Long Term Debt10,898.007,403.007,642.007,645.008,796.009,699.009,574.009,143.009,183.00
Provision for Risks Charges112.00109.00172.00167.00189.00182.00182.00242.00103.00
Deferred Tax Liabilities214.00196.00535.00545.00477.00416.00---
Other Liabilities951.00830.00271.00319.00105.00209.00709.00668.00576.00
Total Liabilities17,106.0013,488.0013,623.0014,567.0015,799.0014,759.0015,482.0013,509.0014,393.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value2,035.002,301.002,296.002,292.002,292.002,292.002,292.002,292.002,293.00
Common Equity7,801.007,512.008,126.007,765.007,680.007,301.0010,770.009,710.008,665.00
Total Shareholders Equity9,836.009,813.0010,422.0010,057.009,972.009,593.0013,062.0012,002.0010,958.00
Accumulated Minority Interest3,244.003,283.003,310.003,268.002,838.00145.00133.000.000.00
Total Equity13,080.0013,096.0013,732.0013,325.0012,810.009,738.0013,195.0012,002.0010,958.00
Total Liabilities & Stockholders Equity30,186.0026,584.0027,355.0027,892.0028,609.0024,497.0028,677.0025,511.0025,351.00
Book Value Per Share11.0610.6711.5911.1210.8910.1114.7913.3711.95
Tangible Book Value Per Share8.578.298.928.058.118.9910.338.837.30
Full-Time Employees3,9004,2004,2004,1004,1004,4005,0004,9004,850
Price to Book Ratio1.931.511.331.070.860.821.241.501.72
Return on Assets3.681.994.433.652.23-9.757.998.683.38
Return on Equity10.645.3011.9610.316.04-22.8817.2819.228.50
Return on Invested Capital6.894.466.785.833.15-13.449.5610.444.16
Quick Ratio0.920.920.870.790.860.710.800.840.73
Current Ratio0.960.970.980.910.980.860.921.020.88

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income3,036.001,769.001,113.001,502.001,228.00648.00-2,580.002,180.002,216.00
Depreciation978.00953.00901.001,048.00965.00774.00653.00601.00520.00
Other Funds (Non Cash)-1,120.00234.00332.007.00301.00778.003,669.00-219.00-127.00
Funds from Operations2,692.002,970.002,351.002,533.002,599.002,223.001,672.002,516.002,741.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital136.00-34.00139.00194.00-191.00-227.00-158.00-12.00-133.00
Cash from Operating Activities2,828.002,936.002,490.002,727.002,408.001,996.001,514.002,504.002,608.00
Capital Expenditures-555.00-643.00-448.00-559.00-455.00-336.00-752.00-1,255.00-1,679.00
Net Assets From Acquisitions-1,963.00-2,678.00-269.00-448.00-233.00-32.00-310.00-50.000.00
Sale of Fixed Assets and Businesses130.00156.0068.00443.00158.00881.00429.00205.001,334.00
Purchase or Sale of Investments0.00-332.00-633.00-33.00-14.00-94.00-461.00-524.00-458.00
Purchase of Investments--332.00-633.00-33.00-14.00-94.00-461.00-524.00-468.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.0010.00
Other Uses289.00-197.00-170.000.000.00-33.000.00-13.00-10.00
Other Sources3,537.000.005.001.0044.000.001.000.000.00
Cash from Investing Activities1,106.00-3,694.00-1,447.00-596.00-500.00386.00-1,093.00-1,637.00-813.00
Cash Dividends Paid-1,392.00-1,295.00-1,145.00-989.00-782.00-715.00-853.00-1,202.00-1,032.00
Change in Capital Stock-1,687.00-341.000.000.00-74.00-178.00-50.000.000.00
Repurchase of Common Pref Stock-1,687.00-341.000.000.00-74.00-178.00-50.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-282.002,891.00489.00-667.00-750.00-912.00427.00416.00-701.00
Change in Long Term Debt-282.002,314.00529.00-1,100.00-750.00-200.00131.00-2.00200.00
Issuance of Long Term Debt3,682.004,428.001,279.000.000.000.00748.00998.00200.00
Reduction of Long Term Debt-3,964.00-2,114.00-750.00-1,100.00-750.00-200.00-617.00-1,000.00-
Net Financing Active Other Cash Flow-858.00-531.00-478.00-426.00-351.00-179.0041.00-62.00-24.00
Other Financing Activities Uses-528.00-531.00-478.00-426.00-351.00-179.000.00-62.00-24.00
Cash from Financing Activities-4,219.00724.00-1,134.00-2,082.00-1,957.00-1,984.00-435.00-848.00-1,757.00
Exchange Rate Effect-16.0014.00-11.000.00-3.00-5.00-8.00-3.00-9.00
Net Change in Cash-301.00-20.00-102.0049.00-52.00393.00-22.0016.0029.00
Free Cash Flow2,273.002,293.002,042.002,168.001,953.001,660.00776.001,323.00974.00
Preferred Dividends (Cash Flow)--225.00-254.00-241.00-198.00-198.00-198.00-198.00-161.00
Price to Free Cash Flow19.0412.6713.378.987.047.08-121.59-
Deferred Taxes & Investment Tax Credit-14.005.00-24.00105.0023.00-70.00-46.00132.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments879.001,059.00171.00328.001,180.00459.00
Short Term Receivables5,592.005,267.004,821.003,598.003,623.003,562.00
Inventories343.0084.00380.00211.00184.00151.00
Other Current Assets132.00127.00792.00596.00596.00516.00
Total Current Assets6,946.006,537.006,164.004,733.005,583.004,688.00
Net Property, Plant & Equipment16,917.0016,953.0017,070.0017,058.0014,327.0014,359.00
Total Investments and Advances2,726.002,825.002,839.002,847.002,874.002,737.00
Intangible Assets1,535.001,610.001,686.001,754.001,570.001,636.00
Deferred Tax Assets---17.00--
Other Assets1,350.001,293.003,877.003,777.003,747.003,735.00
Total Assets29,474.0029,218.0031,636.0030,186.0028,101.0027,155.00
Short Term Debt Incl. Current Port. of LT Debt9.009.00420.00590.001,010.00475.00
Accounts Payable5,643.004,942.004,929.003,457.003,584.003,364.00
Other Current Liabilities697.00908.001,195.00884.00771.00840.00
Total Current Liabilities6,349.005,859.006,544.004,931.005,365.004,679.00
Long Term Debt10,094.008,626.0011,158.0010,898.008,627.008,394.00
Provision for Risks Charges73.0070.0066.00112.0073.0074.00
Deferred Tax Liabilities---214.00--
Other Liabilities306.00372.001,048.00951.001,120.001,059.00
Total Liabilities16,822.0014,927.0018,816.0017,106.0015,185.0014,206.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value787.002,037.002,036.002,035.002,034.002,033.00
Common Equity8,675.009,042.007,565.007,801.007,729.007,673.00
Total Shareholders Equity9,462.0011,079.009,601.009,836.009,763.009,706.00
Accumulated Minority Interest3,190.003,212.003,219.003,244.003,226.003,243.00
Total Equity12,652.0014,291.0012,820.0013,080.0012,989.0012,949.00
Total Liabilities & Stockholders Equity29,474.0029,218.0031,636.0030,186.0028,174.0027,155.00
Book Value Per Share12.2512.8210.7211.0610.9610.91
Tangible Book Value Per Share10.0910.538.338.578.738.58
Full-Time Employees---3,900--
Price to Book Ratio1.932.082.021.641.561.70
Return on Assets3.443.663.394.173.543.05
Return on Equity10.319.9410.3412.039.788.34
Return on Invested Capital1.869.250.731.652.411.20
Quick Ratio1.041.100.880.921.010.97
Current Ratio1.091.120.940.961.041.00

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income453.001,925.00231.00427.00529.00297.00
Depreciation235.00243.00243.00257.00230.00204.00
Other Funds (Non Cash)80.00-1,451.00105.00146.00-101.00193.00
Funds from Operations780.00710.00364.00838.00659.00695.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-111.00245.0054.00-52.00158.00-1.00
Cash from Operating Activities669.00955.00418.00786.00817.00694.00
Capital Expenditures-139.00-138.00-130.00-148.00-185.00-119.00
Net Assets From Acquisitions-20.00-42.00-88.00-1,813.00-184.00-57.00
Sale of Fixed Assets and Businesses31.001.003.0095.0011.0043.00
Purchase or Sale of Investments0.000.000.00-332.000.000.00
Purchase of Investments-0.000.00-332.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.006.00-18.00301.00-45.00-116.00
Other Sources29.003,508.000.000.000.000.00
Cash from Investing Activities-99.003,335.00-233.00-1,897.00-403.00-249.00
Cash Dividends Paid-376.00-346.00-348.00-322.00-321.00-321.00
Preferred Dividends (Cash Flow)-81.00-52.00-53.00-54.00-54.00-53.00
Change in Capital Stock-1,687.000.000.000.000.00-8.00
Repurchase of Common Pref Stock-1,687.000.000.000.000.00-8.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net1,500.00-2,936.00116.001,038.00786.00-2.00
Change in Long Term Debt1,500.00-1,850.000.0068.001,248.000.00
Issuance of Long Term Debt1,500.000.000.002,182.001,248.000.00
Reduction of Long Term Debt0.00-1,850.000.00-2,114.000.000.00
Net Financing Active Other Cash Flow-186.00-107.00-107.00-458.00-152.00-102.00
Other Financing Activities Uses-186.00-107.00-107.00-128.00-152.00-102.00
Cash from Financing Activities-749.00-3,389.00-339.00258.00313.00-433.00
Exchange Rate Effect-1.00-13.00-3.001.00-6.0020.00
Net Change in Cash-180.00888.00-157.00-852.00721.0032.00
Free Cash Flow530.00817.00288.00638.00632.00575.00
Price to Free Cash Flow19.0415.1419.2012.7112.5614.42

Revenue breakdown

Consolidation, Policy2024: 1.69B 2025: 1.76B
Product2024: 47.20B 2025: 42.50B
Canada2024: 5.35B 2025: 4.50B
United States2024: 43.54B 2025: 39.76B
Consolidation, Policy2024: 51.00M 2025: 25.00M
Crude Oil2024: 48.65B 2025: 44.09B
Natural Gas Liquids2024: 187.00M 2025: 150.00M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-304.02%18.4M456.9M2.59M
2026-10-153.90%17.8M456.9M2.52M
2026-09-303.83%17.5M457.3M2.47M
2026-09-154.00%18.3M457.3M2.46M
2026-08-313.45%15.8M457.4M2.38M
2026-08-143.00%13.7M457.4M2.41M
2026-07-312.51%11.5M458.1M2.53M
2026-07-153.26%14.9M458.1M2.69M
2026-06-303.18%14.5M458.1M2.87M
2026-06-153.73%17.1M458.1M3.04M
2026-05-293.49%16.0M458.1M3.43M
2026-05-153.59%16.4M458.1M3.39M
2026-04-304.95%22.8M459.4M3.47M
2026-04-153.93%18.1M459.8M3.69M
2026-03-313.72%17.1M459.8M3.79M
2026-03-133.62%16.6M459.8M3.61M
2026-02-272.66%12.2M459.8M3.28M
2026-02-132.41%11.1M459.8M3.28M
2026-01-302.44%11.3M462.8M3.09M
2026-01-153.14%14.5M462.8M2.88M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call14.009.7010.209.955.1794.001760.981-0.0790.001
call15.008.809.108.954.2162.001770.979-0.0770.001
call16.007.808.107.913.6704.002.000.976-0.0750.001
call17.006.507.206.613.3453.000.000.973-0.0740.001
call18.005.606.205.663.0532.000.000.968-0.0710.001
call18.505.005.705.192.6761.000.000.966-0.0700.001
call19.004.605.204.752.4991.000.000.925-0.1570.002
call19.504.104.704.322.2490.001.000.919-0.1520.003
call20.003.504.200.002.0390.000.000.911-0.1480.003
call20.503.103.703.401.8310.001.000.903-0.1420.003
call21.002.603.200.001.6240.000.000.892-0.1360.003
call21.502.002.700.001.4160.000.000.879-0.1290.003
call22.001.552.201.931.2072.002.000.861-0.1210.004
call22.501.051.700.000.9950.000.000.836-0.1110.004
call23.000.601.201.700.7740.000.000.799-0.0980.005
call23.500.400.600.500.36178.0026.000.758-0.0650.005
call24.000.150.350.150.47829.001.000.528-0.0930.007
call24.500.000.050.030.32517.004.000.235-0.0590.005
call25.000.000.050.030.49342.0010.000.190-0.0810.005
call25.500.000.050.650.6152.000.000.122-0.0530.004
call26.000.000.050.160.7501.000.000.114-0.0720.003
call26.500.000.200.450.9165.000.000.073-0.0590.002
call27.000.000.100.061.04818.000.000.066-0.0620.002
call27.500.000.200.201.17731.000.000.060-0.0640.002
call28.000.000.200.101.2967.000.000.055-0.0670.002
call28.500.000.200.001.4130.000.000.051-0.0690.002
call29.000.000.200.001.5270.000.000.048-0.0700.002
call29.500.000.200.001.6360.000.000.045-0.0720.002
call30.000.000.200.001.7430.000.000.043-0.0740.002
call30.500.000.200.001.8460.000.000.041-0.0750.002
call31.000.000.200.001.9460.000.000.039-0.0760.001
call32.000.000.200.002.1400.000.000.036-0.0790.001
call33.000.000.200.002.3240.000.000.034-0.0810.001
call34.000.000.200.002.5000.000.000.032-0.0830.001
call35.000.000.050.002.2510.000.000.030-0.0560.001
put14.000.000.050.054.46261.000.00-0.040-0.1670.002
put15.000.000.050.053.97044.000.00-0.045-0.1630.002
put16.000.000.050.053.5076.000.00-0.051-0.1580.002
put17.000.000.050.003.0660.000.00-0.058-0.1530.002
put18.000.000.050.002.6450.000.00-0.066-0.1470.002
put18.500.000.050.002.4400.000.00-0.071-0.1430.002
put19.000.000.200.002.4420.000.00-0.075-0.1590.002
put19.500.000.200.002.2310.000.00-0.081-0.1550.003
put20.000.000.200.002.0130.000.00-0.089-0.1500.003
put20.500.000.200.001.8160.000.00-0.097-0.1440.003
put21.000.000.200.001.6100.000.00-0.108-0.1380.003
put21.500.000.200.001.4040.000.00-0.121-0.1310.003
put22.000.000.150.151.1971.000.00-0.139-0.1230.004
put22.500.000.150.150.9692.000.00-0.169-0.1150.004
put23.000.000.150.200.7494.000.00-0.211-0.1040.005
put23.500.000.150.270.51715.000.00-0.252-0.0700.005
put24.000.050.350.200.54027.003.00-0.476-0.0950.007
put24.500.350.750.780.67035.000.00-0.731-0.0700.006
put25.000.701.350.351.0382.000.00-0.806-0.0820.005
put25.501.401.901.661.3587.001.00-0.857-0.0820.004
put26.001.752.451.301.6311.000.00-0.901-0.0710.003
put26.502.352.852.581.6612.001.00-0.928-0.0600.002
put27.002.653.500.972.0432.000.00-0.936-0.0620.002
put27.503.304.100.002.5820.000.00-0.940-0.0660.002
put28.003.804.600.002.7620.000.00-0.945-0.0680.002
put28.504.305.100.002.9350.000.00-0.949-0.0700.002
put29.004.805.600.003.1000.000.00-0.952-0.0720.002
put29.505.306.100.003.2600.000.00-0.954-0.0730.002
put30.005.806.606.653.4270.000.00-0.957-0.0750.002
put30.506.307.107.003.3890.000.00-0.959-0.0740.002
put31.006.807.607.743.5571.000.00-0.961-0.0750.001
put32.007.808.608.533.7931.000.00-0.964-0.0770.001
put33.008.809.600.004.0810.000.00-0.966-0.0810.001
put34.009.8010.600.004.3420.000.00-0.968-0.0830.001
put35.0010.8011.600.004.6790.000.00-0.970-0.0850.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-068-KCurrent report2026-11-06SEC
2026-10-07SCHEDULE 13G/ASEC
2026-10-073Initial statement of beneficial ownership of securities2026-10-02SEC
2026-10-05SCHEDULE 13G/ASEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-09-298-KCurrent report2026-09-25SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-14SEC
2026-09-148-KCurrent report2026-09-09SEC
2026-09-11424B5SEC
2026-09-10SCHEDULE 13G/ASEC
2026-09-108-KCurrent report2026-09-09SEC
2026-09-103Initial statement of beneficial ownership of securities2026-09-01SEC
2026-09-09FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-09-09424B5SEC
2026-09-098-KCurrent report2026-09-08SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-1010-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-078-KCurrent report2026-08-07SEC
2026-06-304Statement of changes in beneficial ownership of securities2026-06-29SEC
2026-06-29144Filing for proposed sale of securities under Rule 144.SEC
2026-06-178-KCurrent report2026-06-12SEC
2026-06-028-KCurrent report2026-06-01SEC
2026-05-228-KCurrent report2026-05-20SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060051.49K1
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
ALPS ADVISORS INC9.82%
Invesco Ltd.4.72%
Blackstone Inc.2.86%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2.51%
GOLDMAN SACHS GROUP INC2.26%
TORTOISE CAPITAL ADVISORS, L.L.C.1.93%
MORGAN STANLEY1.54%
UBS Group AG1.22%
KAYNE ANDERSON CAPITAL ADVISORS LP0.88%
JPMORGAN CHASE & CO0.70%

Funds

Fund% owned
Alerian MLP ETF10.25%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND8.25%
NYLIM MacKay High Yield Corporate Bond Fund6.42%
MFS Total Return Bond Fund4.70%
Fidelity Advisor Floating Rate High Income Fund4.23%
Lord Abbett Income Fund3.54%
Guggenheim Total Return Bond Fund3.42%
Invesco SteelPath MLP Income Fund3.06%
First Trust Enhanced Short Maturity ETF2.76%
NYLIM MacKay Short Duration High Income Fund2.65%

OakChart. PAA. Cached 15 minutes.