NASDAQ: PAA
PLAINS ALL AMERICAN PIPELINE LPCIK 0001070423 · Energy · SIC 4610 · Pipelines (Except Natural Gas)
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Plains All American refinances debt with new $2.7B credit facility, terminates prior agreements
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Plains All American CFO Chris Herbold to retire Aug 31; 24-year veteran Russ Montgomery promoted
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PAA unitholders show elevated opposition to executive pay, approve directors and auditor
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Plains All American appoints former Oil States CEO Cynthia Taylor to board
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Plains All American closes $3.76B sale of Canadian NGL business, to pay down debt
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Plains All American Q1 income drops 66% as $3.3B Canadian NGL sale nears close
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Plains All American Pipeline reports Q1 2026 earnings via press release
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Latest financial statements
From 10-Q filed May 8, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 12,470 | 11,477 |
| Cost of revenue / cost of sales | 11,493 | 10,517 |
| Operating expenses: | ||
| General and administrative | 81.0 | 85.0 |
| Total operating expenses | 12,065 | 11,121 |
| Operating income | 405.0 | 356.0 |
| Interest expense | 167.0 | 127.0 |
| Other income/(expense), net | 8.0 | 26.0 |
| Income before income taxes | 335.0 | 389.0 |
| Income tax expense/(benefit) | 1.0 | 9.0 |
| Net income | 152.0 | 443.0 |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 171.0 | 427.0 |
| Inventories | 380.0 | 335.0 |
| Prepaid expenses and other current assets | 190.0 | 153.0 |
| Other current assets | 5,423 | 3,820 |
| Total current assets | 6,164 | 4,735 |
| Operating lease right-of-use assets, net | 197.0 | 321.0 |
| Finite-lived intangible assets, net | 1,686 | 1,675 |
| Deferred income taxes and other assets | 150.0 | 244.0 |
| Other long-term assets | 23,439 | 20,084 |
| TOTAL ASSETS | 31,636 | 27,059 |
| Current liabilities: | ||
| Current portion of long-term debt | 420.0 | 478.0 |
| Accrued liabilities | 634.0 | 488.0 |
| Other current liabilities | 5,490 | 3,725 |
| Total current liabilities | 6,544 | 4,691 |
| Long-term debt | 10,956 | 8,204 |
| Operating lease liabilities | 202.0 | 301.0 |
| Deferred income taxes and other liabilities | 449.0 | 1,003 |
| Shareholders' equity: | ||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 31,636 | 27,059 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 418.0 | 639.0 |
| Investing Activities: | ||
| Net cash from investing activities | (233.0) | (1,149) |
| Financing Activities: | ||
| Net cash from financing activities | (339.0) | 590.0 |
| Net increase/(decrease) in cash | (157.0) | 79.0 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗