PAA NASDAQ
Credit Risk of going bust: lower than 84% of companies Debt: 31.3% of company value Bonds: $497.0M held by 394 funds, 106 bp over Treasuries → details ▾
If the stock fell to about $0.51 (down 98%), Plains All American Pipeline, L.P. would be worth roughly what it owes.
Total debt $8.63B against a stock market value of $18.94B.
Distance to default 10.80 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $4.22B (short-term plus half of long-term), stock volatility 19.4%; Altman Z'' 1.42. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Houston, TX 77002
US
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.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| Liollio Dean | 0 | — | 2026-10-02 | |
| Liollio Dean | 0 | — | 2026-10-02 | |
| Liollio Dean | 0 | — | 2026-10-02 | |
| Liollio Dean | 150,000 | — | 2026-10-02 | |
| McGee Richard K. | G-Gift | 120,000 | — | 2026-09-30 |