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Plains All American Pipeline LP (PAAP), a subsidiary of Plains GP Holdings LP, is a midstream energy company. It owns and operates transportation and terminalling, storage, and carries out the marketing of crude oil and refined petroleum products. The company also carries out the storage of natural gas, and processing, fractionation, storage and marketing of natural gas liquids (NGLs). It owns and operates midstream energy infrastructure in major crude oil and NGL producing basins and transportation gateways, and major market hubs in the US and Canada. The company’s supply and logistics fleet includes tankers, barges, transport tugs, trucks and trailers, and railcars. PAAP is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
Suite 1600, 333 Clay Street, Houston, Texas, 77002
Website
www.plainsallamerican.com
Telephone
1 713 6544100
No of Employees
4,100
Industry
Energy and Utilities
Ticker Symbol & Exchange
PAA (NASD)
Revenue (2023)
$57.3B
80.7%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
122.9%
(2023 vs 2022)
Market Cap*
$9.2B
Net Profit Margin (2022)
XYZ
112.7%
(2023 vs 2022)
* As of and is in US$
Plains All American Pipeline LP premium industry data and analytics
Products and Services
| Services |
|---|
| Transportation |
| Storage |
| Terminalling |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In November, the company and Western Midstream Partners acquired WES’s 15% stake in Cactus II pipeline, LLC. |
| 2022 | Asset Disposal | In March, the company sold 14.19-acre industrial development site in Long Beach, California for US$50.7 million. |
| 2021 | Contracts/Agreements | In October, the company announced strategic joint venture with Oryx Midstream Holdings LLC ("Oryx"), a portfolio company of Stonepeak Infrastructure Partners for formation of their Permian Basin. |
Competitor Comparison
| Key Parameters | Plains All American Pipeline LP | Enbridge Inc | Kinder Morgan Inc | Oneok Inc | Magellan Midstream Partners LP |
|---|---|---|---|---|---|
| Headquarters | United States of America | Canada | United States of America | United States of America | United States of America |
| City | Houston | Calgary | Houston | Tulsa | Tulsa |
| State/Province | Texas | Alberta | Texas | Oklahoma | Oklahoma |
| No. of Employees | 4,100 | 11,100 | 10,529 | 2,847 | 1,715 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Willie Chiang | Chief Executive Officer; Chairman | Executive Board | 2020 | 60 |
| Harry N. Pefanis | Director; President | Executive Board | 2021 | 63 |
| Al Swanson | Chief Financial Officer; Executive Vice President | Senior Management | 2011 | 57 |
| Chris Chandler | Chief Operating Officer; Executive Vice President | Senior Management | 2019 | 49 |
| Chris Herbold | Chief Accounting Officer; Senior Vice President - Finance | Senior Management | 2010 | 48 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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