Plains All American Pipeline, L.P. (PAA) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	52.2B	44.3B	50.1B	48.7B	57.3B
Cost of Revenue	49.9B	41.6B	48.4B	46.0B	55.5B
Gross Profit	2.3B	2.7B	1.7B	2.8B	1.9B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	372.0M	342.0M	381.0M	350.0M	325.0M
General & Admin Expense	372.0M	342.0M	381.0M	350.0M	325.0M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	469.0M	899.0M	160.0M	896.0M	269.0M
Total Operating Expenses	841.0M	1.2B	541.0M	1.2B	594.0M
Cost and Expenses	50.7B	42.8B	48.9B	47.2B	56.0B
Operating Income (EBIT)	1.5B	1.4B	1.2B	1.5B	1.3B
Non-Operating
Interest Income	46.0M	—	70.0M	—	—
Interest Expense	614.0M	554.0M	430.0M	386.0M	405.0M
Net Interest Income	(568.0M)	(554.0M)	(360.0M)	(386.0M)	(405.0M)
Other Non-Op Income/Expense	(8.0M)	(33.0M)	102.0M	113.0M	125.0M
Non-Operating Income (excl Interest)	(606.0M)	(521.0M)	(532.0M)	(499.0M)	(530.0M)
EBT (Pre-Tax Income)	1.5B	1.4B	1.3B	1.6B	1.4B
Income Tax Expense	105.0M	15.0M	167.0M	121.0M	189.0M
Bottom Line
Net Income	2.8B	1.4B	772.0M	1.2B	1.0B
Earnings from Cont. Ops	1.4B	1.4B	1.1B	1.5B	1.2B
Earnings from Discont. Ops	1.7B	383.0M	—	—	—
Bottom Line Net Income	2.5B	1.2B	514.0M	976.0M	831.0M
Per Share
Basic EPS	$3.61	$1.66	$0.73	$1.40	$1.19
Diluted EPS	$3.61	$1.66	$0.73	$1.40	$1.19
Revenue Per Share	$73.96	$62.87	$71.33	$69.69	$81.80
Shares
Basic Shares Outstanding	706.0M	704.0M	702.0M	699.0M	701.0M
Diluted Shares Outstanding	706.0M	704.0M	702.0M	699.0M	701.0M
Profitability Metrics
EBITDA	3.1B	2.9B	2.7B	3.1B	2.8B
D&A	972.0M	953.0M	1.0B	1.0B	965.0M
EBIT	2.1B	2.0B	1.7B	2.0B	1.8B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026