Q2 FY2026 · ended Jun 30, 2026 · Revenue $17.69B, +66.3% YoY · Filed Aug 10, 2026
Plains All American Pipeline LP (PAA) files with the SEC under industry code 4610, Pipe Lines (No Natural Gas). In Q2 of fiscal 2026, the quarter ended Jun 30, 2026, it reported revenue of $17.7 billion and net income of $1.8 billion. Free cash flow was $817.0 million. As of Jun 30, 2026 it held $1.1 billion in cash and investments and $8.6 billion in total debt.
Revenue
$17.69B
+66.3% vs year-ago quarter
Net income
$1.83B
+771.4% vs year-ago quarter
Operating cash flow
$955.00M
+37.6% vs year-ago quarter
Free cash flow
$817.00M
+55.9% vs year-ago quarter
EPS
—
Dividend per share
None
Shares outstanding
705.57M
+0.3% vs year-ago quarter
Net cash
$-7.58B
Q2 FY2026
Operating margin
3.1%
TTM
Company profile
- Industry
- Pipe Lines (No Natural Gas) (SIC 4610)
- Listed as
- PAA (Nasdaq), PAAPU (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Houston, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1070423
Other Pipe Lines (No Natural Gas) companies
- Enbridge Inc ENB
- Mplx LP MPLX
- HF Sinclair Corp DINO
- South Bow Corp SOBO
- Plains GP Holdings LP PAGP
- Delek Logistics Partners, LP DKL
- Genesis Energy LP GEL
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
Q2 FY2025 Jun 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $17.7B | $12.5B | $10.6B | $11.6B | $10.6B |
| Operating income | $398.0M | $405.0M | $355.0M | $484.0M | $239.0M |
| Net income | $1.8B | $152.0M | $342.0M | $441.0M | $210.0M |
| Operating cash flow | $955.0M | $418.0M | $786.0M | $817.0M | $694.0M |
| Free cash flow | $817.0M | $288.0M | $638.0M | $632.0M | $524.0M |
| Total assets | $29.2B | $31.6B | $30.2B | $28.1B | $27.2B |
| Cash and investments | $1.1B | $171.0M | $328.0M | $1.2B | $459.0M |
| Total debt | $8.6B | $11.6B | $11.5B | $9.6B | $8.9B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Sep 29, 2026 | Sep 25, 2026 |
| 8-K |
Current report
Material agreement, New debt, Other events
|
Sep 14, 2026 | Sep 9, 2026 |
| 8-K |
Current report
Other events
|
Sep 10, 2026 | Sep 9, 2026 |
| 8-K |
Current report
Results of operations, Other events
|
Sep 9, 2026 | Sep 8, 2026 |
| 10-Q | Quarterly report | Aug 10, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Acquisition or sale of assets, Regulation FD disclosure
|
Aug 7, 2026 | Aug 7, 2026 |
All 1000 Plains All American Pipeline LP SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.