Plains All American Pipeline LP
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Plains All American Pipeline LP (PAA). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Crude Oil | $54.93B 95.6% | $47.15B 99.6% · -14.2% | $48.65B 99.6% · +3.2% | $44.09B 99.7% · -9.4% |
| NGL | $2.54B 4.4% | $186.0M 0.4% · -92.7% | $187.0M 0.4% · +0.5% | $150.0M 0.3% · -19.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $17.94B 77.0% | $34.46B 81.9% · +92.1% | $46.90B 81.8% · +36.1% | $41.74B 88.2% · -11.0% | $43.54B 89.0% · +4.3% | $39.76B 89.8% · -8.7% |
| Canada | $5.35B 23.0% | $7.62B 18.1% · +42.5% | $10.44B 18.2% · +37.0% | $5.60B 11.8% · -46.4% | $5.35B 11.0% · -4.4% | $4.50B 10.2% · -15.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Sales | $22.06B 94.7% | $40.88B 97.2% · +85.3% | $55.95B 97.6% · +36.8% | $45.75B 96.6% · -18.2% | $47.20B 96.5% · +3.2% | $42.50B 96.0% · -10.0% |
| Services | $1.23B 5.3% | $1.20B 2.8% · -3.0% | $1.39B 2.4% · +16.7% | $1.59B 3.4% · +14.1% | $1.69B 3.5% · +6.2% | $1.76B 4.0% · +4.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 13, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.