Plains All American Pipeline L.P.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44.26B | $48.89B | $47.34B | $57.34B | $42.08B | $23.29B | $33.67B | $34.06B |
| Cost of Revenue | $40.43B | $45.16B | $43.94B | $53.18B | $38.50B | $20.43B | $29.45B | $29.79B |
| Gross Profit | $3.83B | $3.73B | $3.40B | $4.17B | $3.57B | $2.86B | $4.22B | $4.26B |
| Gross Margin | 8.7% | 7.6% | 7.2% | 7.3% | 8.5% | 12.3% | 12.5% | 12.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $342.0M | $328.0M | $299.0M | $325.0M | $292.0M | $271.0M | $297.0M | $316.0M |
| Operating Income | $1.43B | $868.0M | $1.26B | $1.29B | $851.0M | $-2.38B | $1.99B | $2.28B |
| Operating Margin | 3.2% | 1.8% | 2.7% | 2.3% | 2.0% | -10.2% | 5.9% | 6.7% |
| Interest Expense | — | — | $386.0M | $405.0M | $425.0M | $436.0M | $425.0M | $431.0M |
| Pretax Income | $1.40B | $969.0M | $1.37B | $1.42B | $721.0M | $-2.60B | $2.25B | $2.41B |
| Income Tax Expense | $15.0M | $87.0M | $61.0M | $189.0M | $73.0M | $-19.0M | $66.0M | $198.0M |
| Net Income | $1.44B | $772.0M | $1.23B | $1.04B | $593.0M | $-2.59B | $2.17B | $2.22B |
| Net Margin | 3.2% | 1.6% | 2.6% | 1.8% | 1.4% | -11.1% | 6.4% | 6.5% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 703.8M | 701.1M | 698.4M | 705.0M | 722.1M | 728.1M | 726.6M | 725.2M |
| Shares Outstanding (Diluted) | 703.8M | 701.1M | 698.4M | 705.0M | 722.1M | 728.1M | 726.6M | 725.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |