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What changed in Plains All American Pipeline Lp's latest annual report

In the year ended 31 Dec 2025, Plains All American Pipeline Lp's revenue fell 9.5% to USD 44.26bn, from USD 48.89bn; net income rose 85.9% to USD 1.44bn, from USD 772.00m; total assets rose 13.6% to USD 30.17bn, from USD 26.56bn.

Year ended 31 Dec 2025. Source: 10-K filed 27 Feb 2026, read it on SEC EDGAR.

USD 48.89bn to USD 44.26bn

Revenue, down 9.5% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue48.89bn44.26bnDown 9.5%
Net income772.00m1.44bnUp 85.9%
Total assets26.56bn30.17bnUp 13.6%
Cash and cash equivalents348.00m328.00mDown 5.7%

Questions people ask

Did Plains All American Pipeline Lp's revenue grow last year?

Revenue fell 9.5%, from USD 48.89bn to USD 44.26bn in the year ended 31 Dec 2025.

Is Plains All American Pipeline Lp profitable?

Yes. Net income was USD 1.44bn in the year ended 31 Dec 2025. The year before: USD 772.00m.

How much cash and debt does Plains All American Pipeline Lp have?

At its latest year end (31 Dec 2025), Plains All American Pipeline Lp reported cash and cash equivalents of USD 328.00m.

Where do these numbers come from?

From Plains All American Pipeline Lp's own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Plains All American Pipeline Lp (PAA) 10-K: what changed year on year | LYNORIQ Insights