Plains All American Pipeline, L.P. (PAA)
Plains All American Pipeline, L.P. operates in the Oil & Gas Midstream industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $23.24, up 0.39% on the session, giving a market capitalisation of $16.40B. On trailing twelve-month figures it carries a trailing P/E of 6.44, a net margin of 5.3%. Its beta of 0.49 implies it has historically moved less than the broad market.
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, trucks, and on barges or railcars. This segment provides terminalling, storage, and other related services, as well as merchant activities. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminaling. This segment also includes ethane, propane, normal butane, iso-butane, and natural gasoline derived from natural gas production and processing activities, as well as crude oil refining processes. Its NGL components are used for various applications, such as heating, engine, and industrial fuels.The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.
Plains All American Pipeline, L.P. is most often compared with the following Energy names: