1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
Capital Allocation
INVESTOR
Plains' first-quarter earnings continue to show the benefits of higher Permian volumes, with adjusted EBITDA up 16% over last year to $715 million. The company reaffirmed adjusted 2023 EBITDA guidance attributable to Plains at a midpoint of $2.5 billion, which matches our forecast. We expect to maintain our $14 per share fair value estimate and no-moat rating.
Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.
Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of PAA’s competitive advantage.
Plains All American Pipeline LP
XNAS: PAA
| ONEOK Inc
XNYS: OKE
| Energy Transfer LP
XNYS: ET
| Targa Resources Corp
XNYS: TRGP
| |
Price
| 13.33 | 58.26 | 12.77 | 71.00 |
Currency
| USD | USD | USD | USD |
Change
| +$0.17 (1.25%) | +$1.35 (2.37%) | +$0.17 (1.31%) | +$2.20 (3.20%) |
Market Cap
| 9.31 Bil | 26.07 Bil | 40.10 Bil | 16.04 Bil |
Industry
| Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream |
Sector
|
Energy
|
Energy
|
Energy
|
Energy
|
* Trading data in this section is delayed by at least 15 minutes.
Yes. PAA has a forward dividend yield of 8.13%.
See
PAA’s full dividends and stock split history
on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
PAA’s market cap is 9.31 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
PAA’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
PAA’s price/sales is 0.16.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
PAA’s price/forward earnings is 8.66.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
PAA’s price/book is 1.16.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See PAA’s valuation ratios compared to the Market Index.
PAA’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare PAA’s historical performance against its industry peers and the overall market.
