Steadybase.

Plains All American Pipeline LP.

Website LinkedIn Latest 10-K
  • PAA · Nasdaq
  • Pipe Lines (No Natural Gas)
  • Houston, TX
  • 3,900 employees
  • CIK 0001070423

Updated from SEC filings through

Top things to know

Revenue, FY2025$44.3B-9.5% vs FY2024Operating margin3.2%Operating income $1.4BEmployees3,900As of December 31, 2025
Next earningsNovember 6, 202608:30:00 America/New_York
Latest 8-KResults of operations and financial conditionFiled November 6, 2026Leadership changeItem 5.02 filedSeptember 29, 2026, last 90 days

Executives

Plains All American Pipeline LP is a U.S. public company in pipe lines (no natural gas) (SIC 4610), headquartered in Houston, TX. It trades as PAA on Nasdaq. Revenue was $44.3B in the fiscal year ending December 31, 2025, -9.5% from the year before. It reported about 3,900 employees. Willie CW Chiang is Chairman & CEO.

Five-year financials

MetricFY2025FY2024FY2023FY2022FY2021
Revenue $44.3B
10-K, 2026-02-27 		$48.9B
10-K, 2026-02-27 		$47.3B
10-K, 2026-02-27 		$57.3B
10-K, 2025-02-28 		$42.1B
10-K, 2024-02-29
Operating income $1.4B
10-K, 2026-02-27 		$868M
10-K, 2026-02-27 		$1.3B
10-K, 2026-02-27 		$1.3B
10-K, 2025-02-28 		$851M
10-K, 2024-02-29
SG&A $342M
10-K, 2026-02-27 		$328M
10-K, 2026-02-27 		$299M
10-K, 2026-02-27 		$325M
10-K, 2025-02-28 		$292M
10-K, 2024-02-29
Net income $1.4B
10-K, 2026-02-27 		$772M
10-K, 2026-02-27 		$1.2B
10-K, 2026-02-27 		$1.0B
10-K, 2025-02-28 		$593M
10-K, 2024-02-29

Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.

Leadership and board

NameTitleSource
Willie CW Chiang Willie CW Chiang Chairman & CEO 4, 2026-08-17
Bobby S. Shackouls Former Chairman and CEO, Burlington Resources Inc. 10-K, 2026-02-27
Al Swanson Al Swanson EVP & CFO 4, 2026-08-17
Lawrence M. Ziemba Former Executive Vice President, Refining, Phillips 66 10-K, 2026-02-27
Ellen R. DeSanctis Former Senior Vice President, ConocoPhillips 10-K, 2026-02-27
Dean Liollio Dean Liollio EVP & COO 3, 2026-10-07
Russell Lee Montgomery VP, Acctg & CAO 3, 2026-09-10
Jeremy L. Goebel Jeremy L. Goebel EVP & CCO 4, 2026-08-17
Richard K. McGee Richard K. McGee
EVP at Plains All American 		EVP, General Counsel & Sec. 4, 2026-08-17
Chris Herbold
Snr Vice President, Finance & Chief Accounting Officer at Plains All American 		Sr. VP Finance & CAO 4, 2026-08-17
Chris R. Chandler EVP & COO 4, 2026-08-17
Kevin McCarthy Former Vice Chairman, Kayne Anderson Capital Advisors, L.P. 10-K, 2026-02-27
Alexandra D. Pruner Senior Advisor, Perella Weinberg Partners 10-K, 2026-02-27
Gary R. Petersen Managing Partner, EnCap Investments L.P. 10-K, 2026-02-27
Victor Burk Former Senior Advisor, Alvarez and Marsal 10-K, 2026-02-27
Cynthia B. Taylor independent member of the Board serving in Class III 8-K, 2026-05-13

What Plains All American Pipeline LP does

P. is a publicly traded Delaware limited partnership. Our common units are listed on the Nasdaq Global Select Market (“Nasdaq”) under the ticker symbol “PAA.” Our business model integrates large-scale supply aggregation capabilities with the ownership and operation of critical midstream infrastructure systems that connect major producing regions to key demand centers and export terminals.

Item 1. Business, 10-K for the year ending December 31, 2025

Shares and governance

Shares outstanding 707.9 million (as of October 30, 2026) 10-Q, November 9, 2026
Public float $8.5B (as of June 30, 2025) 10-K, February 27, 2026
Reportable segments 1 (period ending September 30, 2026) 10-Q, November 9, 2026
Latest proxy statement Meeting May 20, 2026 (filed April 10, 2026) DEF 14A, April 10, 2026
Auditor PricewaterhouseCoopers LLP (Houston, Texas) Latest 10-K

Insider trades

Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.

DateInsiderTradeSharesValueSource
June 29, 2026 Lawrence Michael Ziemba
Director		 Sale 2,346 $51K Form 4, June 30, 2026

Recent 8-K events

  • 8-K filed 2026-11-06
    • Item 2.02 Results of operations and financial condition (earnings release)
    • Item 7.01 Regulation FD disclosure
  • 8-K filed 2026-09-29
    • Item 5.02 Departure or appointment of directors or officers; compensation
    • Item 7.01 Regulation FD disclosure
  • 8-K filed 2026-09-14
    • Item 1.01 Entry into a material definitive agreement
    • Item 2.03 Creation of a direct financial obligation
    • Item 8.01 Other events
  • 8-K filed 2026-09-10
    • Item 8.01 Other events
  • 8-K filed 2026-09-09
    • Item 2.02 Results of operations and financial condition (earnings release)
    • Item 8.01 Other events
  • 8-K filed 2026-08-07
    • Item 2.01 Completion of acquisition or disposition of assets
    • Item 7.01 Regulation FD disclosure
  • 8-K filed 2026-06-17
    • Item 1.01 Entry into a material definitive agreement
    • Item 1.02 Termination of a material definitive agreement
    • Item 2.03 Creation of a direct financial obligation
  • 8-K filed 2026-06-02
    • Item 5.02 Departure or appointment of directors or officers; compensation
  • 8-K filed 2026-05-22
    • Item 5.07 Submission of matters to a vote of security holders
  • 8-K filed 2026-05-13
    • Item 5.02 Departure or appointment of directors or officers; compensation
    • Item 7.01 Regulation FD disclosure

Frequently asked questions about Plains All American Pipeline LP

What does Plains All American Pipeline LP do?
In its own words, from Item 1 of its 10-K: "P. is a publicly traded Delaware limited partnership. Our common units are listed on the Nasdaq Global Select Market (“Nasdaq”) under the ticker symbol “PAA.” Our business model integrates large-scale supply aggregation capabilities with the ownership and operation of critical midstream infrastructure systems that connect major producing regions to key demand centers and export terminals."
What is Plains All American Pipeline LP's revenue?
$44.3B for the fiscal year ending December 31, 2025, from its 10-K filed February 27, 2026.
Is Plains All American Pipeline LP profitable?
Plains All American Pipeline LP reported net income of $1.4B for the fiscal year ending December 31, 2025.
How many employees does Plains All American Pipeline LP have?
About 3,900 as of December 31, 2025, as stated in its annual report.
Who is the CEO of Plains All American Pipeline LP?
Willie CW Chiang, Chairman & CEO, as named in a 4 filed August 17, 2026.
Who is the CFO of Plains All American Pipeline LP?
Al Swanson, EVP & CFO, as named in a 4 filed August 17, 2026.
Where is Plains All American Pipeline LP headquartered?
Houston, TX.
What is Plains All American Pipeline LP's stock ticker?
PAA, PAAPU on Nasdaq.
What industry is Plains All American Pipeline LP in?
Pipe Lines (No Natural Gas), SIC code 4610.
What is Plains All American Pipeline LP's website?
plains.com.
When does Plains All American Pipeline LP report earnings next?
November 6, 2026 at 08:30:00. Source: ir_event.
Is Plains All American Pipeline LP a public company?
Yes. Plains All American Pipeline LP files with the SEC under CIK 0001070423 and trades as PAA.
Who audits Plains All American Pipeline LP?
PricewaterhouseCoopers LLP, Houston, Texas, as named in its latest annual report (10-K).
How many shares of Plains All American Pipeline LP are outstanding?
707.9 million shares as of October 30, 2026, from its 10-Q filed November 9, 2026.
What is Plains All American Pipeline LP's public float?
$8.5B as of June 30, 2025, as reported on the cover of its 10-K filed February 27, 2026.
How many business segments does Plains All American Pipeline LP report?
1 reportable segment for the period ending September 30, 2026, from its 10-Q filed November 9, 2026.
When is Plains All American Pipeline LP's annual shareholder meeting?
May 20, 2026, per its proxy statement (DEF 14A) filed April 10, 2026.
Have Plains All American Pipeline LP insiders traded stock recently?
Since June 29, 2026, officers and directors reported 1 open-market sale worth about $51K and 0 purchases on Forms 4 and 5. The most recent: Lawrence Michael Ziemba (Director) sold 2,346 shares on June 29, 2026.