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PAPAA

Plains All American Pipeline, L.P.

$PAA·$16B·Oil & Gas Midstream·Energy
$23.90+1.9%1Y+31.9%
Mentions · last 7 days
2026-08-06: 10 posts2026-08-07: 23 posts2026-08-08: 2 posts2026-08-09: 0 posts2026-08-10: 3 posts2026-08-11: 5 posts2026-08-12: 2 posts45+13%
Price updated 30m ago·X counts updated 2d ago
PAPAA
$PAAPlains All American Pipeline, L.P.
$23.90+1.92%45 posts+13%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Today's AI verdict on what's driving $PAA, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersAcceleratingAI verdict · as of 2026-08-13

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

Plains All American at 81% of 52w range — up 32% t12m, Q2 EPS +7% beat, 15% FCF yield, revenue +67%.

Plains All American Pipeline is the crude oil and NGL midstream MLP franchise (crude gathering/transporting, terminalling/storage/merchant activities, NGL processing/fractionation) — one of the largest US crude midstream operators. The stock is up 32% over 12 months at 81% of the 52-week range as the multi-quarter earnings pattern plays out at a specifically cheap MLP multiple.

  • The Q2 print is a specific beat: EPS $0.41 vs $0.38 estimate (+7.4% beat), revenue $17.7B (+67% YoY on the trading-volume increase, above $12.7B), and the last four EPS surprises are all beats: +7.4%, +6.2%, -14.9%, +9.9%. FY26 revenue trajectory continues on the volume expansion.
  • The strategic-and-cash layer is genuinely durable: 6x TTM P/E is genuinely cheap for a midstream MLP, D/E 0.01 (extremely low — MLP structure), 15.4% FCF yield (very strong), 2.7x EV/EBITDA (deeply value), 25% ROE — plus Reg FD investor presentation (Aug 7) and a new Revolving Credit Facility (June 12, 2026) provide operational flexibility.
  • The counterweights are honest: gross margin only 2% (thin midstream margins — volume-driven), operating margin 3% (also volume-driven), position at 81% of 52w range means enthusiasm is largely priced, and analyst coverage is thin (no FY26+ estimates in bundle) — plus MLP structure means K-1 tax treatment which limits institutional-holder base.

The November 4 Q3 print is the next gate — a fifth consecutive EPS beat above the $0.42 estimate, continued volume-growth commentary on crude/NGL, and specific Permian-plus-Cushing hub commentary extends the accelerating tape above $27. A specific Q3 EPS miss, a fresh WTI-price rollover to below $60/bbl, or a fresh midstream-competitive-loss disclosure takes it back below $19.

What to watch: November 4 Q3 print — a fifth consecutive EPS beat above $0.42, continued volume-growth commentary on crude/NGL, and Permian-plus-Cushing hub commentary extends the accelerating tape above $27; a Q3 EPS miss, a WTI-price rollover below $60/bbl, or a midstream-competitive-loss disclosure takes it back below $19.

On the calendar: 2026-11-04 — Q3 earnings

Read the AI verdict + X sentiment for $PAA

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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 — VG's Louisiana liquefaction export terminals and GLNG's floating LNG vessels unlock stranded gas monetization under long-term supply contracts.

Top industry ETF

$AMLPAlerian MLP ETF
+16.9%YTD
+12.2%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 $0.41

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

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.0.8×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.83%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.+1.7%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.+13.2%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 today0.4% 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.

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

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
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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-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
3New insider — initial holdingsMay 203
8-KOfficer or director changeMay 138-K — Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD
8-KAgreement terminatedMay 128-K — Item 1.02: Agreement terminated · Item 2.01: Acquisition completed · Item 7.01: Press release / Reg FD
8-KPress release / Reg FDMay 88-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
+ 10 other (4 proxys · 2 10-Qs · 1 13G · 1 ARS) in window

Recent news

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

Compared to Estimates, Plains All American (PAA) Q2 Earnings: A Look at Key Metricszacks.com·7d agoPlains All American Pipeline, L.P. Common Units (PAA) Q2 2026 Earnings Call Transcriptseekingalpha.com·7d agoPlains All American Pipeline Q2 Earnings Call Highlightsmarketbeat.com·7d agoPlains All American Q2 Earnings Beat Estimates, Sales Increase Y/Yzacks.com·7d agoPlains All American Reports Second-Quarter 2026 Resultsglobenewswire.com·8d ago

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Voices on X · last 7 days

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

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