Plains All American: brands it owns and its ownership tree
Plains All American (NASDAQ: PAA) is a publicly listed company headquartered in the United States that owns 3 consumer brands.[1][2]
Plains All American's 2025 Form 10-K describes crude oil gathering, long-haul pipelines and intra-basin pipelines in the Permian Basin. It says it owns about 87 percent of Basin Pipeline, 65 percent of the Permian JV (Plains Oryx) and 80 percent of the capacity of Sunrise II, and that in June 2025 it agreed to sell Plains Midstream Canada, its Canadian NGL business, to Keyera.
-
brands owned
-
1
categories
-
0
acquisitions recorded
-
0
divestitures recorded
Company facts
- Legal name
- Plains All American Pipeline, L.P.
- Type
- publicly listed company · see all publicly listed company owners
- Headquarters
- 🇺🇸 United States
- Tickers
- NASDAQ: PAA
- Revenue
- $44.3 billion (2025)[2]
- SEC CIK
- 0001070423
- Last verified
- · 2 sources
What Plains All American's annual report says about its business
Read from Plains All American's latest annual filing[1]. Each line gives the sentence the filing uses, copied word for word.
Acquisitions and disposals named in the filing
- Acquired: Cactus III Pipeline (the fourth quarter of 2025).
We own and operate the Cactus III Pipeline (formerly the EPIC Crude Oil Pipeline), which we acquired from EPIC Crude Holdings, LP ("EPIC") in the fourth quarter of 2025.
- Acquired: an additional Delaware Basin gathering system (the first quarter of 2025).
During the first quarter of 2025, the Permian JV acquired an additional Delaware Basin gathering system.
- Acquired: Wildhorse crude terminal (January 2026).
In January 2026, we acquired the Wildhorse crude terminal, which complements our existing Cushing terminal footprint and adds approximately 4 million barrels of storage capacity adjacent to our existing assets.
- Sold or exited: Canadian NGL Business (around the end of the first quarter of 2026).
In addition, we have completed asset sales and sales of partial interests in assets to strategic joint venture partners totaling more than $5.0 billion, and we anticipate the pending Canadian NGL Business divestiture to close around the end of the first quarter of 2026.
Plains All American in numbers
- Plains All American owns 3 consumer brands tracked here across 1 top-level categories; the largest is energy with 3 brands.[1]
Plains All American financial history
Headline figures from Plains All American's annual reports filed with the US Securities and Exchange Commission, in USD as reported, fiscal years ending 2020–2025. Revenue moved from $23.3bn to $44.3bn, an average of 13.7% a year (calculated).
| Fiscal year ended | Revenue | Operating income | Operating margin | Net income | Total assets | Long-term debt | Filing |
|---|---|---|---|---|---|---|---|
| $44.3bn | $1.43bn | 3.2% | $1.44bn | $30.2bn | — | 10-K | |
| $48.9bn | $868m | 1.8% | $772m | $26.6bn | — | 10-K | |
| $47.3bn | $1.26bn | 2.7% | $1.23bn | $27.4bn | — | 10-K | |
| $57.3bn | $1.29bn | 2.3% | $1.04bn | $27.9bn | — | 10-K | |
| $42.1bn | $851m | 2.0% | $593m | $28.6bn | — | 10-K | |
| $23.3bn | $-2,375,000,000 | -10.2% | $-2,590,000,000 | $24.5bn | — | 10-K |
Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.
Everything Plains All American owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Full-screen interactive tree →
Brand portfolio by category
Recent changes to this record
Plains All American SEC filings
The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.
Annual reports
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
Proxy statements
- Proxy statement, filed (DEF 14A)
- Proxy statement, filed (DEF 14A)
- Proxy statement, filed (DEF 14A)
Recent current and quarterly reports
| Filed | Form | What it declares |
|---|---|---|
| 8-K | Departure or appointment of directors or officers; Regulation FD disclosure | |
| 8-K | Entry into a material agreement; Creation of a direct financial obligation; Other events | |
| 8-K | Other events | |
| 8-K | Results of operations and financial condition; Other events | |
| 10-Q | Quarterly report | |
| 8-K | Completion of an acquisition or disposal of assets; Regulation FD disclosure | |
| 8-K | Entry into a material agreement; Termination of a material agreement; Creation of a direct financial obligation | |
| 8-K | Departure or appointment of directors or officers | |
| 8-K | Results of a shareholder vote | |
| 8-K | Departure or appointment of directors or officers; Regulation FD disclosure | |
| 8-K | Termination of a material agreement; Completion of an acquisition or disposal of assets; Regulation FD disclosure | |
| 10-Q | Quarterly report | |
| 8-K | Results of operations and financial condition; Regulation FD disclosure | |
| 8-K | Entry into a material agreement; Creation of a direct financial obligation |
Frequently asked questions
What brands does Plains All American own?
Plains All American owns 3 consumer brands tracked here, including Sunrise II Pipeline, Basin Pipeline and Cactus II Pipeline.
Is Plains All American an American company?
Yes. Plains All American is headquartered in the United States.
Who owns Plains All American?
Plains All American is a publicly listed company owned by its shareholders; it trades as PAA on the NASDAQ.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Plains All American Pipeline, L.P. Annual Report on Form 10-K filed 2026-02-27 — SEC EDGAR, SEC Form 10-K, published 27 February 2026; retrieved 5 October 2026.
- [2] Plains All American Pipeline, L.P.: Form 10-K for the year ended 2025-12-31 (revenue) — SEC EDGAR, SEC Form 10-K, published 27 February 2026; retrieved 5 October 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.