Should I buy Plains All American Pipeline stock in 2025?

What is Plains All American Pipeline?

How much is Plains All American Pipeline stock?

The price of Plains All American Pipeline stock is rising this week. As of today, the stock trades at $16.74, showing a 0.48% increase in the past 24 hours but down 1.03% over the past seven days. Plains All American Pipeline currently has a market capitalization of $11.77 billion, with an average daily volume of 3.74 million shares over the past three months.

The stock’s P/E ratio stands at 18.00, offering an attractive dividend yield of 9.08%, and a relatively low beta of 0.70 signals moderate price volatility. This combination of strong yield and relatively stable price movement can be appealing for PH investors seeking income from global energy infrastructure.

Our full analysis on Plains All American Pipeline stock

Having thoroughly examined Plains All American Pipeline’s latest financial results alongside its three-year stock performance, and having synthesized financial, technical, and sector data using our proprietary algorithms, we are now poised to assess its outlook in the context of the evolving global energy landscape. Combining diverse inputs — from momentum indicators to strategic acquisitions and macro trends — we seek to provide clarity on what makes Plains All American Pipeline’s current valuation so intriguing. So, why might Plains All American Pipeline (NASDAQ: PAA) once again become a strategic entry point into the resilient, high-yield midstream energy sector as we approach 2025?

Recent Performance and Market Context

Over the past several quarters, Plains All American Pipeline (PAA) has demonstrated substantial operational resilience, even amidst sector volatility. As of May 27, 2025, PAA trades at $16.74 per unit, within a 52-week range of $15.58 to $21.00 — marking only a slight one-year decline (-1.06%) but outperforming many in earlier periods. While a six-month decrease of -14.33% may raise concerns, this retracement coincides with a broader energy sector pullback during recent commodity fluctuations and sets the stage for a compelling recovery narrative.

Positive catalysts abound: most notably, the company has strengthened its asset base through recent acquisitions, including the completion of the Cheyenne Pipeline buyout and the strategic purchase of Black Knight Midstream's Permian Basin crude oil gathering assets. Operational enhancements, such as the successful upgrade of the Fort Saskatchewan fractionation complex, signal management’s ongoing focus on efficiency.

Against a macroeconomic backdrop where U.S. energy production continues to expand and the demand for secure, fee-based midstream logistics intensifies, PAA’s command of vital production corridors becomes an asset of even greater strategic value. With crude oil and NGL production remaining robust and infrastructure needs accelerating, Plains All American Pipeline stands positioned to leverage sector tailwinds in the quarters ahead.

Technical Analysis

While current technical signals lean toward consolidation and some short-term caution, they also hint at a developing opportunity for astute investors. The stock is trading below its 20-, 50-, 100-, and 200-day moving averages — with the 20-day average at $17.02, the 50-day at $18.01, and the 200-day at $17.84. This technical setup, coupled with a 14-day RSI of 42.70 (neutral) and a MACD of –0.29, suggests that PAA is neither overbought nor oversold, operating in a zone from which reversals often emerge.

• Support: $16.50 (near current levels) and firm at the 52-week low of $15.58.
• Resistance: $18.00 and $19.50 — both attainable if momentum strengthens.

Short to medium-term momentum remains subdued; yet, history shows that this sort of technical reset at long-term supports can precede bullish reversals, especially when anchored by improving fundamentals. For those seeking optimal entry points, such phases often present some of the best risk-reward profiles in the sector.

Fundamental Analysis

Fundamentals at Plains All American Pipeline speak to a company in the midst of structural improvement and operational discipline. Q1 2025 marked a series of encouraging results:

• Net Income: $443 million, a remarkable 67% year-over-year increase.
• Adjusted EBITDA: $754 million (+5% YoY), confirming robust core profitability.
• Net Cash from Operations: $639 million, up 53%, highlighting strong cash generation.
• EPS: $0.49, up 69%, evidence of growing efficiency and scale.

Valuation metrics further enhance the attractiveness of PAA at current prices:

• Forward P/E: 9.30, reflecting low market expectations versus forward earnings, markedly below sector medians.
• EV/EBITDA: 6.83, supporting the premise of a well-priced acquisition in the midstream space.
• Dividend Yield: Stands at an industry-leading 9.08%, underpinned by a robust payout history and recent 19.7% year-to-date dividend growth.

Structurally, PAA benefits from a broad, integrated pipeline network spanning high-growth US basins and leveraging fee-based revenue streams to mitigate operating risk. The company’s adept management and capability to execute well-timed bolt-on acquisitions compound its competitive position.

Volume and Liquidity

Market confidence is further reflected by an average daily volume of 3.74 million shares, supporting ample liquidity. Such sustained interest underscores a deep institutional and retail engagement, ensuring that significant price discovery and efficient trading continue even during sector rotations. Additionally, with a market cap nearing $12 billion, PAA maintains a substantial yet nimble float — ideal for investors seeking both yield and dynamic valuation upside.

Catalysts and Positive Outlook

Several meaningful catalysts could drive Plains All American Pipeline’s next phase of outperformance:

• Recent and Expected M&A: Closure of Cheyenne Pipeline and Permian Basin asset acquisitions set the stage for enhanced throughput and margin expansion.
• Project Completions: Rollout of the Fort Saskatchewan debottlenecking project adds immediate value and capacity.
• Dividend Policy: A clear commitment to rewarding unitholders is evident through the 19.7% dividend increase in early 2025, reinforcing income visibility.
• Strong Hedging Profile: With ~80% of 2025 C3+ product sales hedged at favorable rates, cash flow visibility remains high despite commodity volatility.
• Secular Demand Tailwinds: As the global and domestic push for energy security intensifies, PAA’s infrastructure ensures it remains a critical linchpin in North American logistics — a theme that continues to resonate with institutional flows.

Looking ahead, PAA’s adjusted free cash flow guidance of $1.1 billion for 2025 (excluding working capital changes) underpins both its distribution policy and ongoing growth investments. Analyst consensus remains notably bullish, with an average price target of $18.67 — representing meaningful upside from current levels.

Investment Strategies

The technical and fundamental context for PAA supports several buy-side strategies:

• Short-Term: Near the current support zone of $16.50, tactical entries may benefit from technical rebounds, especially if sector sentiment improves or earnings surprises arrive.
• Medium-Term: Recovery toward the $18.00–$19.50 resistance band seems plausible as recent acquisitions contribute to earnings and as dividend confidence supports share price stabilization.
• Long-Term: For those seeking sustained income and U.S. dollar denominated assets, PAA’s yield and operational improvements offer a path to solid total returns, particularly given the company’s commitment to a low leverage and disciplined capital allocation.

Positioning upon retracements or consolidations in the $16–$17 area, particularly ahead of catalyst events like quarterly earnings, may offer the blend of income and capital appreciation that long-term portfolios seek.

Is It the Right Time to Buy Plains All American Pipeline?

The key strengths defining Plains All American Pipeline are now more pronounced than ever:

• A sector-leading, growing dividend yield providing attractive, stable income.
• Operational momentum powered by highly accretive acquisitions and organic growth projects.
• Improving profitability and cash generation that support both current distributions and future investments.
• An undervalued share price when measured against forward earnings and sector metrics.
• Positive analyst outlook and robust institutional support.

While short-term technicals indicate a period of consolidation, the confluence of a discounted valuation, strong cash flows, visible growth catalysts, and a highly attractive dividend yield positions PAA as a standout opportunity within the global midstream energy space. Those seeking a blend of income security, sector exposure, and capital appreciation potential may find that the current environment justifies renewed interest in Plains All American Pipeline — particularly as the stock appears poised to enter a new bullish phase on even modest improvements in sentiment and sector momentum.

For investors in the Philippines and beyond who seek both reliable income and long-term capital growth, Plains All American Pipeline deserves close attention as a compelling entry point into the backbone of North American energy infrastructure, marked by operational strength and a supportive macroeconomic backdrop. As evolving market dynamics set the stage for renewed upside, PAA seems ideally situated for those prepared to participate in the next leg of midstream energy’s recovery and expansion.

How to buy Plains All American Pipeline stock in the Philippines?

Buying Plains All American Pipeline (PAA) stock online is simple, secure, and accessible for investors in the Philippines, thanks to regulated international brokers. You have two main methods to invest: direct spot buying, where you own the actual shares, or trading Contracts for Difference (CFDs), which lets you speculate on price movements with leverage. Both methods offer strong advantages for different investor profiles. To help you decide, you’ll find a detailed comparison of leading brokers serving Philippine investors further down this page.

Spot buying

Spot (or cash) buying means you purchase and actually own shares of Plains All American Pipeline (PAA) on the NASDAQ. Through regulated online brokers, Filipino investors can access US stocks seamlessly. Typical fees include a fixed commission – often around PHP 250–350 per order (about $5–$6), plus a small foreign exchange markup or custody charge, depending on the broker.

Informations importantes

Example: If the PAA share price is $16.74 (about PHP 982), a $1,000 stake (approx. PHP 58,700) allows you to buy around 59 shares (excluding minor FX fees), factoring in a PHP 300 (~$5) brokerage fee.
✔️ Gain scenario: If the share price rises by 10% to $18.41, your holding grows to $1,100.
Result: You’ve made a +$100 gross gain, or +10% return, aside from any dividend income.

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on the price of Plains All American Pipeline shares without owning the underlying stock. CFDs are popular for flexibility and the leverage they offer. With leverage, you only need to deposit a portion of the full trade value. Fees typically include a spread (the small difference between buy/sell price), and an overnight financing charge if you hold positions for multiple days.

Informations importantes

Example: You invest $1,000 in PAA CFDs with 5x leverage, giving you market exposure of $5,000.
✔️ Gain scenario: If the stock price rises by 8%, your CFD position benefits from amplified gains: 8% x 5 = 40% return.
Result: That’s a $400 profit on a $1,000 deposit (excluding spread and financing fees).

Final advice

Always compare brokers’ fees, platforms, and support for Philippine investors before placing your trade. The best choice depends on whether you want the steady income and ownership benefits of direct share purchase, or the flexibility and leverage of CFD trading. Explore the broker comparator below to select the provider best suited to your investment goals and style.

Our 7 tips for buying Plains All American Pipeline stock

The latest news about Plains All American Pipeline

Plains All American Pipeline’s Q1 2025 net income surged 67%, outperforming sector expectations. In its most recent quarterly results reported last week, Plains All American Pipeline (PAA) announced net income of $443 million, representing robust year-over-year growth and reflecting operational efficiency as well as successful cost management. Additionally, adjusted EBITDA increased by 5% while diluted EPS rose 69%, all indicating that the company’s midstream infrastructure and logistics operations remain highly profitable even amidst shifting global energy demand. Such financial strength underpins PAA’s ability to maintain high dividends and supports investor confidence—attributes that directly benefit shareholders, including those in high-yield-seeking markets like the Philippines.

PAA completed key strategic acquisitions in the Permian Basin, expanding its competitive footprint and growth prospects. On May 1, 2025, Plains All American Pipeline finalized its acquisition of Black Knight Midstream’s crude oil gathering business in the Permian Basin for approximately $55 million. This follows the February acquisition of the remaining interest in the Cheyenne Pipeline, underscoring the company’s focus on asset growth and network integration. With the U.S. remaining a critical crude oil supplier for the Asia-Pacific region—including the Philippines—PAA’s expanded infrastructure fortifies export reliability and supply chain stability for downstream partners in the region.

The company raised its dividend by nearly 20% in January 2025, solidifying its status as an income leader in the sector. PAA’s quarterly distribution climbed to $0.38 per unit, a substantial 19.69% increase from the prior rate. The distribution yield now stands at 9.08%, positioning the stock as a premier choice for income-oriented investors globally. For Philippine institutional investors seeking U.S. dollar-denominated stable income exposure, PAA’s dividend growth is a strong attractor, although attention should be paid to the sustainability of the payout given the elevated payout ratio.

Recent operational advancements—such as the expansion of fractionation capacity in Canada and commodity hedging—enhance earnings stability. PAA recently completed a key debottlenecking project at the Fort Saskatchewan fractionation complex, boosting its ability to process NGLs and thus increasing fee-based revenue streams. Coupled with a more extensive hedge book for 2025 C3+ product sales, these actions help offset commodity price volatility, ensuring more stable cash flows—an important reassurance for risk-averse investors and global supply chain partners, including those interacting with U.S. energy infrastructure from the Philippines.

Despite current technical weakness, analysts maintain an “Outperform” consensus with a median price target above current levels. While near-term technicals indicate a bearish pattern (trading below major moving averages), sector analysts remain bullish over the medium term, with a consensus rating of “Outperform” and a median price objective of $18.67 versus the current price near $16.74. This positive outlook, supported by the company’s defensive attributes, high yield, and active growth strategy, signals potential price recovery and positions the stock attractively for Philippine funds and investors benchmarking against U.S. midstream equities.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.