PAA Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests

NASDAQ · Energy · View on SEC EDGAR ↗
$23.94
Price · Aug 19, 2026
Fundamentals as of Aug 10, 2026
52W Range
$16–$25
88% of range
Analyst Rating
HOLD
24 analysts
Price Target
$24
+2% upside
P/E (TTM)
—
ROE
—
Net Profit Margin
3.2%

PAA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$23.94
Market Cap
—
P/E (TTM)
—
EPS (TTM)
—
Revenue (TTM)
$44.26B
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$16 – $25

PAA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $44.26B
10-point trend, +119.3%
2016-12-31 → 2025-12-31
EPS —
Free Cash Flow $2.29B
10-point trend, +477.1%
2016-12-31 → 2025-12-31
Margins 3.2%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
PAA
Peer Median

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
PAA
Peer Median
Operating Margin
5-point trend, +60.4%
3.2%
—
Net Profit Margin
5-point trend, +129.8%
3.2%
23.0%
ROA
5-point trend, +126.9%
5.1%
4.6%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
PAA
Peer Median
Current Ratio
5-point trend, -2.5%
1.0
1.0
Quick Ratio
5-point trend, -3.7%
0.8
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
PAA
Peer Median
Revenue YoY
5-point trend, +5.2%
-9.5%
—
Revenue CAGR 3Y
5-point trend, +5.2%
-8.3%
—
Revenue CAGR 5Y
5-point trend, +5.2%
13.7%
—
Net Income YoY
5-point trend, +142.0%
85.9%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
PAA
Peer Median

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
PAA
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
Ex-dateAmount
July 31, 2026$0.4180
May 1, 2026$0.4180
Jan. 30, 2026$0.4180
Oct. 31, 2025$0.3800
July 31, 2025$0.3800
May 1, 2025$0.3800
Jan. 31, 2025$0.3800
Oct. 31, 2024$0.3180
July 31, 2024$0.3180
April 30, 2024$0.3180
Jan. 30, 2024$0.3180
Oct. 30, 2023$0.2680
July 28, 2023$0.2680
April 28, 2023$0.2680
Jan. 30, 2023$0.2680
Oct. 28, 2022$0.2180
July 28, 2022$0.2180
April 28, 2022$0.2180
Jan. 28, 2022$0.1800
Oct. 28, 2021$0.1800

PAA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 24 analysts
  • Strong Buy 5 20.8%
  • Buy 7 29.2%
  • Hold 10 41.7%
  • Sell 2 8.3%
  • Strong Sell 0 0.0%

12-Month Price Target

17 analysts · 2026-08-15
Median target $25.00 +4.4%
Mean target $24.47 +2.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.01%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.41 $0.36 0.05%
March 31, 2026 $0.39 $0.41 -0.02%
Dec. 31, 2025 $0.40 $0.41 -0.01%
Sept. 30, 2025 $0.39 $0.36 0.03%
June 30, 2025 $0.36 $0.29 0.07%
March 31, 2025 $0.39 $0.43 -0.04%
Dec. 31, 2024 $0.42 $0.41 0.01%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
PAA — — -9.5% 3.2% — —
OKE $46.28B 13.6 55.0% 10.1% 17.2% —
MPLX — — 8.9% 38.1% — —
LNG $41.29B 8.1 27.2% 26.7% 78.3% —
CQP — -109.1 23.6% 27.8% — —
WES — — 6.6% 30.7% — —
DTM $12.17B 27.8 26.7% 35.5% 9.4% —
AM $8.43B 20.7 7.4% 34.8% 20.4% —
KNTK — 13.7 19.0% 10.1% -16.7% —
HESM — — 8.4% 21.8% — —
WMB — 28.1 13.8% 21.9% 20.7% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 12
Annual Income Statement data for PAA
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +1.8% $44.26B $48.89B $47.34B $57.34B $42.08B $23.29B $33.67B $34.05B $26.22B $20.18B $23.15B $43.46B
Cost of Revenue 12-point trend, +2.4% $40.43B $45.16B $43.94B $53.18B $38.50B $20.43B $29.45B $29.79B $22.98B $17.23B $19.73B $39.50B
Gross Profit · · · · · · · · · · · $2.29B
SG&A Expense 12-point trend, +5.2% $342M $328M $299M $325M $292M $271M $297M $316M $276M $279M $278M $325M
Operating Expenses 12-point trend, +2.8% $42.83B $48.02B $46.08B $56.05B $41.23B $25.66B $31.68B $31.78B $25.07B $19.19B $21.89B $41.66B
Operating Income 12-point trend, -20.3% $1.43B $868M $1.26B $1.29B $851M $-2.38B $1.99B $2.28B $1.15B $994M $1.26B $1.80B
Interest Expense 10-point trend, +10.9% · · $386M $405M $425M $436M $425M $431M $510M $467M $432M $348M
Other Non-op 12-point trend, +5500.0% $108M $64M $102M $-219M $19M $39M $24M $-7M $-31M $33M $-7M $-2M
Pretax Income 12-point trend, -10.0% $1.40B $969M $1.37B $1.42B $721M $-2.60B $2.25B $2.41B $902M $755M $1.01B $1.56B
Income Tax 12-point trend, -91.2% $15M $87M $61M $189M $73M $-19M $66M $198M $44M $25M $100M $171M
Net Income 12-point trend, +3.7% $1.44B $772M $1.23B $1.04B $593M $-2.59B $2.17B $2.22B $856M $726M $903M $1.38B
EBITDA 12-point trend, +33.3% $2.39B $2.20B $2.56B $2.26B $1.62B $-1.72B $2.59B $2.80B $1.78B $1.49B $1.69B $1.79B
Balance Sheet 20
Annual Balance Sheet data for PAA
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -18.6% $328M $348M $450M $401M $449M $22M $45M $66M $37M $47M $27M $403M
Receivables 12-point trend, +37.6% $3.60B $3.68B $3.76B $3.91B $4.71B $2.55B $3.61B $2.45B $3.03B $2.28B $1.78B $2.62B
Inventory 12-point trend, -76.3% $211M $261M $548M $729M $783M $647M $604M $640M $713M $1.34B $916M $891M
Other Current Assets 12-point trend, -56.7% $117M $99M $155M $318M $200M $405M $312M $373M $221M $603M $241M $270M
Current Assets 12-point trend, +13.3% $4.73B $4.80B $4.91B $5.36B $6.14B $3.67B $4.61B $3.53B $4.00B $4.27B $2.97B $4.18B
PP&E (Net) 7-point trend, +19.1% · · · · · $14.61B $15.36B $14.79B $14.09B $13.87B $13.47B $12.27B
PP&E (Gross) 7-point trend, +31.1% · · · · · $18.59B $18.95B $17.87B $16.86B $16.22B $15.65B $14.18B
Accum. Depreciation 7-point trend, +108.5% · · · · · $3.97B $3.59B $3.08B $2.77B $2.35B $2.18B $1.91B
Goodwill 7-point trend, -100.0% · · · · · $0 $2.54B $2.52B $2.57B $2.34B $2.40B $2.46B
Intangibles 12-point trend, +408.4% $1.75B $1.68B $1.88B $2.15B $1.96B $805M $707M $772M $844M $242M $283M $345M
Other Non-current Assets 12-point trend, -75.2% $107M $142M $411M $464M $251M $162M $858M $916M $904M $290M $386M $431M
Total Assets 12-point trend, +35.9% $30.17B $26.56B $27.36B $27.89B $28.61B $24.50B $28.68B $25.51B $25.35B $24.21B $22.29B $22.20B
Accounts Payable 4-point trend, +15.8% · · · · · · · · $3.46B $2.59B $2.04B $2.99B
Short-term Debt · · · · · · · · · · · $734M
Current Liabilities 12-point trend, +3.7% $4.93B $4.95B $5.00B $5.89B $6.23B $4.25B $5.02B $3.46B $4.53B $4.66B $3.41B $4.75B
Capital Leases 7-point trend, -47.8% $202M $192M $274M $308M $339M $317M $387M · · · · ·
Other Non-current Liabilities 7-point trend, -26.6% $654M $537M $1.04B $1.08B $830M $807M $891M · · · · ·
AOCI 3-point trend, -116.1% · · · · · · · · · $-1.01B $-1.08B $-467M
Stockholders' Equity 2-point trend, +6.7% · · · · · · · · · $-1.01B $-1.08B ·
Liabilities + Equity 12-point trend, +35.9% $30.17B $26.56B $27.36B $27.89B $28.61B $24.50B $28.68B $25.51B $25.35B $24.21B $22.29B $22.20B
Cash Flow 15
Annual Cash Flow data for PAA
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +148.2% $953M $901M $909M $965M $774M $653M $601M $520M $517M $514M $432M $384M
Stock-based Comp · · · · · · · · · · · $98M
Deferred Tax 12-point trend, -86.0% $14M $5M $-9M $105M $23M $-70M $-46M $132M $16M $-60M $16M $100M
Amort. of Intangibles 12-point trend, +391.2% $280M $262M $291M $254M $122M $90M $76M $66M $54M $44M $49M $57M
Other Non-cash 11-point trend, +7728.6% $534M $720M $473M $301M $606M $3.52B $-222M $-260M $1.00B $-434M $-7M ·
Operating Cash Flow 12-point trend, +46.5% $2.94B $2.49B $2.73B $2.41B $2.00B $1.51B $2.50B $2.61B $2.50B $733M $1.36B $2.00B
CapEx 12-point trend, -66.7% $643M $448M $408M $455M $336M $738M $1.18B $1.63B $1.02B $1.33B $2.08B $1.93B
Investing Cash Flow 11-point trend, -49.0% $-3.77B $-1.50B $-702M $-526M $386M $-1.09B $-1.76B $-813M $-1.57B $-1.27B $-2.53B ·
Stock Repurchased 8-point trend, +8000000.00 $8M $0 $0 $74M $178M $50M $0 $0 · · · ·
Net Stock Activity 4-point trend, +84.0% $-8M · · $-74M $-178M $-50M · · · · · ·
Financing Cash Flow 11-point trend, -0.1% $799M $-1.08B $-1.98B $-1.93B $-1.98B $-435M $-720M $-1.76B $-943M $556M $800M ·
Net Change in Cash 12-point trend, -105.5% $-20M $-102M $49M $-52M $393M $-22M $16M $29M $-10M $20M $-376M $362M
Taxes Paid 12-point trend, -38.4% $98M $269M $69M $112M $76M $111M $136M $21M $50M $98M $50M $159M
Free Cash Flow 12-point trend, +3084.7% $2.29B $1.87B $2.17B $1.95B $1.66B $776M $1.32B $974M $1.48B $-608M $-735M $72M
Levered FCF 10-point trend, +885.0% · · $1.81B $1.60B $1.28B $343M $910M $578M $990M $-1.06B $-1.12B $-231M
Profitability 6
Annual Profitability data for PAA
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin · · · · · · · · · · · 5.3%
Operating Margin 12-point trend, -21.4% 3.2% 2.4% 3.1% 2.2% 2.0% -10.2% 5.9% 6.7% 4.4% 4.9% 5.5% 4.1%
Net Margin 12-point trend, +1.9% 3.2% 1.5% 2.5% 1.8% 1.4% -11.1% 6.5% 6.5% 3.3% 3.6% 3.9% 3.2%
Pretax Margin 12-point trend, -11.5% 3.2% 2.6% 3.3% 2.5% 1.7% -11.2% 6.7% 7.1% 3.4% 3.7% 4.3% 3.6%
EBITDA Margin 12-point trend, +30.8% 5.4% 4.4% 5.2% 3.9% 3.9% -7.4% 7.7% 8.2% 6.8% 7.4% 7.3% 4.1%
ROA 12-point trend, -22.2% 5.1% 2.9% 4.5% 3.7% 2.2% -9.7% 8.0% 8.7% 3.5% 3.1% 4.1% 6.5%
Liquidity & Solvency 3
Annual Liquidity & Solvency data for PAA
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, +9.2% 1.0 1.0 1.0 0.9 1.0 0.9 0.9 1.0 0.9 0.9 0.9 0.9
Quick Ratio 12-point trend, +25.4% 0.8 0.9 0.8 0.7 0.8 0.6 0.7 0.7 0.7 0.5 0.5 0.6
Interest Coverage 10-point trend, -25.7% · · 3.9 3.2 2.0 -5.4 4.7 5.3 2.3 2.1 2.9 5.3
Efficiency 3
Annual Efficiency data for PAA
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -23.6% 1.6 1.9 1.8 2.0 1.6 0.9 1.2 1.3 1.1 0.9 1.0 2.0
Inventory Turnover 11-point trend, +684.7% 171.3 92.3 69.7 70.3 53.9 32.7 47.4 44.0 22.4 15.3 21.8 ·
Receivables Turnover 12-point trend, -12.5% 12.2 13.1 12.7 13.3 11.6 7.6 11.1 12.4 9.9 9.9 10.5 13.9
Growth Rates 5
Annual Growth Rates data for PAA
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -111.7% -9.5% 3.3% -17.4% 36.3% 80.7% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -131.0% -8.3% 5.1% 26.7% · · · · · · · · ·
Revenue CAGR 5Y 13.7% · · · · · · · · · · ·
Net Income YoY 4-point trend, +14.7% 85.9% -37.2% 18.6% 74.9% · · · · · · · ·
Net Income CAGR 3Y 2-point trend, +24.5% 11.4% 9.2% · · · · · · · · · ·
Valuation (TTM) 2
Annual Valuation (TTM) data for PAA
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +1.8% $44.26B $48.89B $47.34B $57.34B $42.08B $23.29B $33.67B $34.05B $26.22B $20.18B $23.15B $43.46B
Net Income TTM 12-point trend, +3.7% $1.44B $772M $1.23B $1.04B $593M $-2.59B $2.17B $2.22B $856M $726M $903M $1.38B

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $44.26B$48.89B$47.34B$57.34B$42.08B
Operating Margin % 3.2%2.4%3.1%2.2%2.0%
Net Income $1.44B$772M$1.23B$1.04B$593M
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Current Ratio 1.01.01.00.91.0
Quick Ratio 0.80.90.80.70.8
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $2.29B$1.87B$2.17B$1.95B$1.66B

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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

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Institutional owners (13F) 466 filers · $4.7B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
49 (-17 vs prior Q) 27 (+7 vs prior Q) 120 (-4 vs prior Q) 102 (+7 vs prior Q) +16.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
ALPS ADVISORS INC $1,569,571,588 70,510,853 33.60% Shares
Blackstone Inc. $449,283,508 20,183,446 9.62% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $394,190,765 17,708,480 8.44% Shares
TORTOISE CAPITAL ADVISORS, L.L.C. $299,475,155 13,453,511 6.41% Shares
UBS Group AG $124,228,608 5,580,800 2.66% Shares
CIBC Private Wealth Group LLC $87,048,316 5,102,480 1.86% Shares
Fractal Investments LLC $80,709,952 3,625,784 1.73% Shares
BERKLEY W R CORP $70,882,674 3,184,307 1.52% Shares
INFRASTRUCTURE CAPITAL ADVISORS, LLC $66,677,782 2,995,408 1.43% Shares
MILLER HOWARD INVESTMENTS INC /NY $66,611,359 2,992,424 1.43% Shares
Clearbridge Investments, LLC $59,449,136 2,670,671 1.27% Shares
BNP PARIBAS FINANCIAL MARKETS $54,821,438 2,462,778 1.17% Shares
CIBC Bancorp USA Inc. $54,021,214 2,426,829 1.16% Shares
Brookfield Corp /ON/ $53,934,098 2,422,915 1.15% Shares
BARCLAYS PLC $51,961,229 2,334,287 1.11% Shares
PEAK6 LLC $48,978,678 2,200,300 1.05% Call option
EAGLE GLOBAL ADVISORS LLC $48,976,118 2,200,185 1.05% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $42,253,932 1,898,200 0.90% Call option
DEUTSCHE BANK AG\ $41,928,869 1,883,597 0.90% Shares
DUFF & PHELPS INVESTMENT MANAGEMENT CO $37,327,794 1,676,900 0.80% Shares
BANK OF AMERICA CORP /DE/ $36,678,670 1,647,739 0.79% Shares
STATE OF WISCONSIN INVESTMENT BOARD $35,713,632 1,604,386 0.76% Shares
JANE STREET GROUP, LLC $34,275,948 1,539,800 0.73% Call option
WESTWOOD HOLDINGS GROUP INC $33,669,146 1,512,541 0.72% Shares
Fayez Sarofim & Co $30,710,875 1,379,644 0.66% Shares
LONGFELLOW INVESTMENT MANAGEMENT CO LLC $27,387,569 1,230,349 0.59% Shares
CITADEL ADVISORS LLC $26,814,396 1,204,600 0.57% Call option
Mariner, LLC $23,471,192 1,054,411 0.50% Shares
GOLDMAN SACHS GROUP INC $23,201,865 1,042,312 0.50% Shares
CITADEL ADVISORS LLC $21,979,390 987,394 0.47% Shares
LPL Financial LLC $18,569,875 834,226 0.40% Shares
Adams Asset Advisors, LLC $18,321,338 823,061 0.39% Shares
NEOS Investment Management LLC $17,249,563 774,913 0.37% Shares
MIZUHO MARKETS AMERICAS LLC $16,766,232 753,200 0.36% Shares
Pathstone Holdings, LLC $15,600,855 700,847 0.33% Shares
KAYNE ANDERSON CAPITAL ADVISORS LP $15,402,941 691,956 0.33% Shares
Energy Income Partners, LLC $15,030,664 675,232 0.32% Shares
Texas Yale Capital Corp. $14,962,927 672,189 0.32% Shares
Focus Partners Wealth $14,711,599 660,898 0.31% Shares
WALNUT PRIVATE EQUITY PARTNERS, LLC $13,407,198 602,300 0.29% Shares
Waverly Advisors, LLC $13,185,528 592,342 0.28% Shares
Americana Partners, LLC $12,595,277 565,825 0.27% Shares
GEODE CAPITAL MANAGEMENT, LLC $12,328,901 553,859 0.26% Shares
CITADEL ADVISORS LLC $12,300,876 552,600 0.26% Put option
Sovereign Investment Advisors, LLC $11,774,004 528,931 0.25% Shares
NBW CAPITAL LLC $11,433,310 624,089 0.24% Shares
OpenArc Corporate Advisory, LLC $11,130,890 500,040 0.24% Shares
EXCHANGE TRADED CONCEPTS, LLC $10,186,554 457,617 0.22% Shares
Maryland State Retirement & Pension System $9,820,177 441,158 0.21% Shares
HighTower Advisors, LLC $9,755,095 438,234 0.21% Shares
FMR LLC $9,438,418 424,008 0.20% Shares
Arax Advisory Partners $9,393,546 421,993 0.20% Shares
AMERICAN FINANCIAL GROUP INC $9,326,940 419,000 0.20% Shares
HENNESSY ADVISORS INC $8,976,479 403,256 0.19% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $8,532,258 383,300 0.18% Put option
U.S. Capital Wealth Advisors, LLC $8,472,832 379,437 0.18% Shares
RAYMOND JAMES FINANCIAL INC $8,404,577 377,564 0.18% Shares
VICTORY CAPITAL MANAGEMENT INC $8,120,314 364,794 0.17% Shares
ENVESTNET ASSET MANAGEMENT INC $8,046,633 361,484 0.17% Shares
Corient Private Wealth LP $7,603,427 341,574 0.16% Shares
Cetera Investment Advisers $6,255,506 281,020 0.13% Shares
BRIDGES INVESTMENT MANAGEMENT INC $5,766,253 259,041 0.12% Shares
BFSG, LLC $5,650,100 253,823 0.12% Shares
Chicago Partners Investment Group LLC $5,376,712 217,769 0.12% Shares
BlackRock, Inc. $4,897,601 220,018 0.10% Shares
US BANCORP \DE\ $4,828,172 216,899 0.10% Shares
Indivisible Partners $4,735,882 212,753 0.10% Shares
CWA Asset Management Group, LLC $4,697,606 211,034 0.10% Shares
NORTHERN TRUST CORP $4,666,787 209,649 0.10% Shares
ANGELES WEALTH MANAGEMENT, LLC $4,472,568 200,924 0.10% Shares
Nuveen, LLC $4,385,554 197,015 0.09% Shares
SIMPLEX TRADING, LLC $4,336,225 194,799 0.09% Shares
Nuveen Asset Management, LLC $4,190,493 245,345 0.09% Shares
Gilman Hill Asset Management, LLC $4,052,767 182,065 0.09% Shares
Private Advisor Group, LLC $4,007,099 180,013 0.09% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $4,003,949 174,921 0.09% Shares
Cresset Asset Management, LLC $3,933,136 176,691 0.08% Shares
ELCO Management Co., LLC $3,878,360 174,230 0.08% Shares
Price Jennifer C. $3,855,844 225,752 0.08% Shares
STIFEL FINANCIAL CORP $3,757,292 168,790 0.08% Shares
Advisors Asset Management, Inc. $3,719,050 217,743 0.08% Shares
Rydar Equities, Inc. $3,606,575 149,464 0.08% Shares
Kestra Advisory Services, LLC $3,325,036 149,373 0.07% Shares
WOLVERINE TRADING, LLC $3,276,455 189,500 0.07% Call option
FIRST TRUST ADVISORS LP $3,272,842 147,028 0.07% Shares
GraniteShares Advisors LLC $3,247,244 145,878 0.07% Shares
Quantinno Capital Management LP $3,230,967 145,146 0.07% Shares
NEUBERGER BERMAN GROUP LLC $3,206,598 144,052 0.07% Shares
JANE STREET GROUP, LLC $3,143,112 141,200 0.07% Put option
NewEdge Advisors, LLC $3,109,275 139,680 0.07% Shares
VAN ECK ASSOCIATES CORP $3,002,807 134,897 0.06% Shares
Fort Sheridan Advisors LLC $2,645,780 118,858 0.06% Shares
COMMONWEALTH EQUITY SERVICES, LLC $2,556,250 114,836 0.05% Shares
Wealth Alliance Advisory Group, LLC $2,477,703 111,307 0.05% Shares
Clarus Group, Inc. $2,477,600 111,303 0.05% Shares
Oxbow Advisors, LLC $2,443,547 109,773 0.05% Shares
HENGEHOLD CAPITAL MANAGEMENT LLC $2,441,722 109,691 0.05% Shares
Icon Wealth Advisors, LLC $2,428,605 109,102 0.05% Shares
PFG Investments, LLC $2,382,925 107,050 0.05% Shares
Cerity Partners LLC $2,374,967 106,692 0.05% Shares

Company insiders 40 insiders · 2 officers · 4 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Harry N Pefanis President & COO May 15, 2014 M 671,381 0 0 $0
Mark J Gorman EVP-Operations & Bus. Devel May 15, 2014 M 137,890 0 0 $0
Lawrence Michael Ziemba Director June 29, 2026 S 0 0 1 $-51,495
Gary R Petersen Director Jan. 7, 2025 D 46,950 0 0 $0
Kevin S Mccarthy Director June 23, 2022 P 200,000 0 0 $0
John T Raymond Director May 23, 2019 J 0 0 0 $0
ALLEN PAUL G 10% owner Aug. 17, 2011 S 4,890,120 0 0 $0
PLAINS RESOURCES INC 10% owner April 16, 2004 J 11,084,039 0 0 $0
Chris Herbold — Aug. 14, 2026 M 327,441 0 0 $0
Jeremy L. Goebel — Aug. 13, 2026 A 907,515 0 0 $0
Chris R. Chandler — Aug. 13, 2026 A 882,483 0 0 $0
Richard K. Mcgee — Aug. 13, 2026 A 672,561 0 0 $0
Willie Cw Chiang — Aug. 13, 2026 A 1,396,856 0 0 $0
Swanson Al — Aug. 13, 2026 A 668,109 0 0 $0
KAFU Holdings (QP), L.P. — Dec. 31, 2018 M 0 0 0 $0
Victor Burk — Feb. 23, 2017 A — 0 0 $0
Bobby S Shackouls — Feb. 23, 2017 A — 0 0 $0
John Vonberg — Dec. 12, 2016 S 0 0 0 $0
David W Duckett — Aug. 18, 2016 S 0 0 0 $0
Greg L Armstrong — Feb. 11, 2016 P 1,475,416 0 0 $0
Chris Temple — Aug. 14, 2015 A 26,250 0 0 $0
Robert V Sinnott — Aug. 14, 2015 A 184,757 0 0 $0
Everardo Goyanes — Aug. 14, 2015 A 83,400 0 0 $0
Taft J Symonds — Aug. 14, 2015 A 74,450 0 0 $0
John R Rutherford — Nov. 19, 2014 S 60,800 0 0 $0
Phil D Kramer — Aug. 14, 2014 G 333,313 0 0 $0
Tim Moore — Feb. 14, 2012 M 36,990 0 0 $0
Arthur L Smith — Aug. 13, 2010 A 23,350 0 0 $0
Tina L Val — May 14, 2010 M 24,122 0 0 $0
Lance Conn — Aug. 14, 2009 A 313 0 0 $0
George R Coiner — Aug. 28, 2007 M 36,876 0 0 $0
Mark F Shires — June 15, 2007 S 33,124 0 0 $0
Jim G Hester — Nov. 15, 2006 A 6,651 0 0 $0
John F Russell — Aug. 14, 2006 M 5,084 0 0 $0
James B Fryfogle — Aug. 14, 2006 M 5,484 0 0 $0
Alfred A Lindseth — Aug. 14, 2006 S 26,442 0 0 $0
David N. Capobianco — July 26, 2006 P 14,386,074 0 0 $0
Lawrence J Dreyfuss — Feb. 16, 2006 A 0 0 0 $0
Troy Valenzuela — Oct. 7, 2005 M 6,680 0 0 $0
Daniel J Nerbonne — Feb. 17, 2005 A — 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 15 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
EMG Investment, LLC, NGP MR Management, LLC, John T. Raymond, John G. Calvert ×2 filings June 4, 2019 — Initial filing — SEC
Plains AAP, L.P., Plains All American GP LLC, Plains GP Holdings, L.P., PAA GP Holdings LLC ×2 filings March 7, 2017 — Initial filing — SEC
Plains All American Pipeline, L.P., PAA GP LLC, Plains AAP, L.P., Plains All American GP LLC, Plains GP Holdings, L.P., PAA GP Holdings LLC ×4 filings Jan. 2, 2014 — Initial filing M&A / sale SEC
(A) KAYNE ANDERSON CAPITAL ADVISORS, L.P. Oct. 15, 2013 — Initial filing — SEC
Paul G. Allen, Vulcan Capital Private Equity Inc., Vulcan Capital Private Equity Management I LLC, Vulcan Capital Private Equity I LLC, Vulcan Capital Private Equity II LLC, Vulcan Energy Corporation ×6 filings Aug. 24, 2011 — Initial filing — SEC
KAYNE ANDERSON CAPITAL ADVISORS, L.P., RICHARD A. KAYNE ×3 filings May 15, 2009 — Initial filing — SEC
RICHARD A. KAYNE, KAYNE ANDERSON CAPITAL ADVISORS, L.P. Dec. 8, 2008 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person Oct. 3, 2005 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Sept. 12, 2005 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person March 14, 2005 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person Jan. 24, 2005 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Dec. 20, 2004 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person Nov. 18, 2004 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Oct. 13, 2004 — Initial filing — SEC
Plains Resources Inc., Plains All American Inc., PAAI LLC July 3, 2001 — Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 25 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
AMZA · ETFis Series Trust I 15.49% 3,122,044 NS April 30, 2026 N-PORT
AMLP · ALPS ETF Trust 13.67% 73,976,676 NS May 31, 2026 N-PORT
MLPA · Global X Funds 11.99% 11,241,713 NS May 31, 2026 N-PORT
MLPX · Global X Funds 3.92% 6,184,407 NS May 31, 2026 N-PORT
DIV · Global X Funds 2.25% 733,862 NS April 30, 2026 N-PORT
EIPI · First Trust Exchange-Traded Fund VI… 1.45% 679,462 NS May 31, 2026 N-PORT
TPYP · Tortoise Capital Series Trust 1.24% 464,569 NS May 31, 2026 N-PORT
VRAI · ETFis Series Trust I 1.08% 8,646 NS April 30, 2026 N-PORT
CVY · Invesco Exchange-Traded Fund Trust 0.86% 46,945 Aug. 8, 2026 Daily
CZA · Invesco Exchange-Traded Fund Trust 0.77% 65,294 Aug. 8, 2026 Daily
GYLD · ARROW ETF TRUST 0.70% 9,618 NS April 30, 2026 N-PORT
TOLZ · ProShares Trust 0.48% 37,301 NS May 31, 2026 N-PORT
GTOS · Invesco Actively Managed Exchange-T… 0.33% 399,000 Aug. 8, 2026 Daily
VRP · Invesco Exchange-Traded Fund Trust … 0.28% 8,406,000 Aug. 8, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.20% 5,415,000 Aug. 8, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS 0.18% 19,032,000 PA Aug. 8, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS 0.08% 1,405,000 PA Aug. 8, 2026 Daily
VGMS · VANGUARD MALVERN FUNDS 0.05% 120,000 PA Aug. 8, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS 0.05% 25,370,000 PA Aug. 8, 2026 Daily
BLV · VANGUARD BOND INDEX FUNDS 0.04% 4,483,000 PA Aug. 8, 2026 Daily
ONEQ · Fidelity Commonwealth Trust 0.03% 155,627 NS May 31, 2026 N-PORT
VCRB · VANGUARD MALVERN FUNDS 0.02% 1,700,000 PA Aug. 8, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS 0.00% 370,000 PA Aug. 8, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS 0.00% 62,627,000 PA Aug. 8, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS 0.00% 154,991 PA Aug. 8, 2026 Daily