PAA
Energy · Oil & Gas Midstream
Performance
PAA (PAA) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
PAA (PAA) operates in the Oil & Gas Midstream space within the Energy sector. With a market cap of $15.4B, it qualifies as a mid-cap company. Growth is moderate and the business remains profitable, offering a balanced risk/reward profile compared to high-multiple peers.
- Forward P/E (11.0×) is lower than trailing P/E (19.7×) — analysts expect earnings to improve
- Revenue growth of 9% YoY shows solid business momentum
- Dividend yield of 7.27% provides consistent income on top of price appreciation
- Low beta of 0.46 — less volatile than the market, suitable for conservative portfolios
- Earnings fell 71% YoY — profitability is under pressure
- Thin profit margin of 2.5% — little buffer against cost increases
- High debt-to-equity of 90.31× increases financial risk, especially with elevated interest rates
- Current ratio below 1 (0.94×) — short-term liabilities exceed current assets
Verdict
Hold
Mixed signals — strengths and risks roughly balance. Wait for a clearer catalyst.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Related Articles
Revenue & Results
Dividends
Current DY
7.27%
5Y Avg Annual
$1.1068
Last Payment
$0.4180
Ex-Date
05/01/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest05/01/2026 | 05/15/2026 | $0.4180 | 7.65% |
01/30/2026 | 02/13/2026 | $0.4180 | 7.65% |
10/31/2025 | 11/14/2025 | $0.3800 | 6.96% |
07/31/2025 | 08/14/2025 | $0.3800 | 6.96% |
05/01/2025 | 05/15/2025 | $0.3800 | 6.96% |
01/31/2025 | 02/14/2025 | $0.3800 | 6.96% |
10/31/2024 | 11/14/2024 | $0.3180 | 5.82% |
07/31/2024 | 08/14/2024 | $0.3180 | 5.82% |
Magic Number
Shares needed to self-fund your next purchase
$21.85
Price
$0.4180
Last div. (quarterly)
53
shares
Own 53 PAA shares ($1,158.05) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$1,158.05
New shares / year
+4 shares
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
Earnings
Next Earnings
Aug 7, 2026
52
days
EPS (TTM)
$1.11
P/E (TTM)
19.7
Fwd P/E
11.0
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Key Statistics
Valuation
Trading
Dividends
Profitability
Balance Sheet
Fair Value Estimates
Current price: $21.85
Graham Number
√(22.5 × EPS × Book Value)
$16.36
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$18.06
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
7/10
70% score
Pays dividends
15Y hist.15+ years of dividend history
Dividend consistency (5Y+)
15 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
10.4%Return on equity — measures how efficiently capital is used
Positive profit margin
2.5%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
+8.7%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
-70.9%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
90.31×Low financial leverage reduces risk of distress
Current ratio above 1
0.94×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$67M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
7.27%Stock must distribute income to shareholders
Related Assets
Energy
About PAA
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 through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, trucks, and on barges or railcars. This segment provides terminalling, storage, and other related services, as well as merchant activities. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminaling. This segment also includes ethane, propane, normal butane, iso-butane, and natural gasoline derived from natural gas production and processing activities, as well as crude oil refining processes. Its NGL components are used for various applications, such as heating, engine, and industrial fuels. 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.