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PAPAA

Plains All American Pipeline, L.P.

$PAA·$17B·Oil & Gas Midstream·Energy
$24.53+0.5%YTD+36.3%1Y+41.9%
Price updated 9h ago·X counts updated 1d ago
PAPAA
$PAAPlains All American Pipeline, L.P.
$24.53+0.45%15 posts
AI analysisFundamentalsVoices on X
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On X

The complete picture of $PAA on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

15X posts · last 7 days
Sep 11Sep 27

AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $PAA — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Proven numbersAcceleratingAI verdict · as of 2026-09-28

The move is getting stronger, with heavier trading behind it.

Plains All American +36% YTD; $1.5B junior sub notes to redeem Series A/B preferreds + Silver Creek Rockies M&A.

PAA is the midstream MLP executing a capital-structure refresh with real growth optionality via Silver Creek.

  • Tape: +35.7% YTD, +38.0% t12m; 82% of 52w range, near 50-day, +11.3% vs 200-day.
  • 9/14: $1.5B junior sub notes (Series A $700M at 6.75% due 2056, Series B $800M at 7.00% due 2056); redeeming Series A/B preferred units.
  • Silver Creek Rockies acquisition planned — expansion into Rockies presence.
  • 6.1x P/E TTM, 2.7x EV/EBITDA, 15.4% FCF yield, ROIC 6.5%, ROE 25.4%.
  • D/E 0.01 (LP structure); op margin 3.1%, gross margin 2.3% — midstream-normal.
  • Q2 EPS $0.41 vs $0.382 (+7.4%); four straight beats.
  • 7% yield, 'strong distribution growth' — SA anchor.
  • No X sentiment sample; beta 0.49 defensive.

Watch 11/4 print for Silver Creek closing timeline and preferred-redemption completion.

What to watch: 11/4 earnings, Silver Creek closing, preferred-redemption completion, and any distribution-growth guide update.

On the calendar: 2026-11-04

sentiment missing

Read the AI verdict on $PAA

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Large crude oil and NGL midstream MLP operating pipelines, storage terminals, and gathering systems across the US and Canada.

Industry overviewAI analysisGenerated by AI from underlying data

Where Oil & Gas Midstream sits in its cycle right now — and what that implies for $PAA.

Oil & Gas Midstream · Energy

No material change from last week — LNG export capacity expansion and record Permian gas throughput are the structural demand drivers for fee-based midstream.

What this means for $PAA

Neutral — Large crude oil and NGL midstream MLP operating pipelines, storage terminals, and gathering systems across the US and Canada.

Top industry ETF

$AMLPAlerian MLP ETF
+12.5%YTD
+12.7%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
6.1How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
6.5%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
3.1%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
15.4%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.3Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
25.4%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
2.3%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 7, 2026$0.41$0.38+7.4%
Q1 2026May 8, 2026$0.39$0.37+6.2%
Q4 2025Feb 6, 2026$0.40$0.47-14.9%
Q3 2025Nov 5, 2025$0.39$0.35+9.9%
Next earningsWed, Nov 4·consensus EPS $0.42

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q2 FY26$17.8B+67.1%-1.9%3.0%$2.67$926.0M
Q1 FY26$12.4B+3.1%2.8%2.1%$0.14$288.0M
Q4 FY25$10.6B-14.8%6.7%3.4%$0.41$638.0M
Q3 FY25$11.6B-9.1%4.1%4.2%$0.55$632.0M

Forward consensus

5-year forecast · up to 7 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$60.0B$55.8B – $64.1B$1.60$1.52 – $1.726
FY27$62.6B$53.7B – $71.4B$1.71$1.05 – $2.076
FY28$63.2B$56.5B – $80.8B$1.93$1.48 – $2.427
FY29$64.8B$57.9B – $75.8B$2.02$1.74 – $2.463
FY30$51.7B$46.1B – $60.4B$2.31$1.99 – $2.825

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.4×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.82%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-1.0%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+11.3%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 465.0M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.8% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.495-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellJun 29Ziemba Lawrence MichaelDirector2.3K sh$51K
+ 20 other (6 exempts · 6 inkinds · 6 awards · 1 return · 1 gift) in window

See when $PAA insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial agreementSep 148-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 8.01: Other event
AI summary

Plains All American Pipeline, L.P. (PAA) completed a $1.5 billion subordinated debt offering on September 14, 2026: $700 million of 6.750% Series A Junior Subordinated Notes due 2056 and $800 million of 7.000% Series B Junior Subordinated Notes due 2056. Both series carry floating-rate resets beginning December 15, 2031 and 2036, respectively, with rates flooring at the initial rate. Interest is payable semi-annually on June 15 and December 15, commencing June 15, 2027. This hybrid capital raise provides long-tenor financing for the large-cap midstream MLP.

424B5Prospectus supplement (offering)Sep 11424B5
AI summary

Plains All American Pipeline priced a $1.5 billion offering of junior subordinated notes: $700 million at 6.75% Series A due 2056 and $800 million at 7.00% Series B due 2056. PAA intends to use the net proceeds to redeem outstanding preferred units, simplifying its capital structure by eliminating the preferred equity tier. These hybrid notes combine debt and equity characteristics for regulatory capital purposes, and their long durations push out refinancing risk to 2056.

3New insider — initial holdingsSep 103
AI summary

Form 3 initial beneficial ownership filing for an officer at Plains All American Pipeline (PAA). The officer holds 55,500 phantom units across three tranches (19,150 + 19,250 + 17,100) under PAA's Long-Term Incentive Plan, some with TSR-based performance vesting conditions. Each phantom unit converts to one common unit upon vesting. This establishes the officer's Section 16 reporting baseline at PAA.

424B5Prospectus supplement (offering)Sep 9424B5
AI summary

Plains All American Pipeline (PAA) filed a preliminary 424B5 prospectus supplement for an offering of Series A and Series B Junior Subordinated Notes due 2056 with a fixed-to-fixed reset coupon structure. Offering amounts and interest rates are not finalized in this preliminary version. The notes would represent long-dated, deeply subordinated debt.

8-KAcquisition completedAug 78-K — Item 2.01: Acquisition completed · Item 7.01: Press release / Reg FD
AI summary

PAA (PAA) filed a Reg FD disclosure (Item 7.01) on 2026-08-07, furnishing an investor presentation or Reg FD disclosure. Reg FD filings ensure simultaneous public disclosure of material information shared with select investors. This is generally an informational filing; no new deal terms or financial results were announced unless noted. Investors should review the attached exhibit for updated guidance or strategic commentary.

8-KAgreement terminatedJun 178-K — Item 1.01: Material agreement · Item 1.02: Agreement terminated · Item 2.03: Material debt obligation
AI summary

PAA (PAA) entered into Revolving Credit Facility On June 12, 2026, Plains All American Pipeline, L with a counterparty on 2026-06-17, involving undisclosed consideration. Other items: Item 1.02. . This is a material definitive agreement (Item 1.01) requiring immediate disclosure under SEC rules. Investors should review the agreement terms for financial obligations, dilution, or strategic implications.

8-KOfficer or director changeJun 28-K — Item 5.02: Officer or director change
8-KShareholder voteMay 228-K — Item 5.07: Shareholder vote
+ 15 other (4 8-Ks · 4 proxys · 2 13Gs · 2 10-Qs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

4 Ultra-High-Yield Energy Stocks Are September Strong Buys (One Yields Over 10%)247wallst.com·8d agoPlains All American: 7% Yield, Strong Distribution Growth, Cheapseekingalpha.com·11d agoPlains All American Pipeline Lp $PAA Shares Sold by Corient Private Wealth LPdefenseworld.net·11d agoPAA Plans to Expand Rockies Presence With Silver Creek Acquisitionzacks.com·12d agoPlains All American Announces Pricing of Public Offering of $1,500,000,000 of Junior Subordinated Notes and Intent to Redeem Series A and Series B Preferred Unitsglobenewswire.com·20d ago

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Voices on X · last 7 days

No standout posts about $PAA on X in the last 7 days.

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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