Plains All American Pipeline stock rises 0.82 percent
Published on 09/24/2026 at 22:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Plains All American Pipeline stock (PAA) rose 0.82 percent to USD 24.64 in Nasdaq trading on September 24, 2026. The move follows second-quarter results in which revenue reached USD 17.69 billion and adjusted earnings came to USD 0.41 per unit.
Revenue beats the forecast
According to Investing.com, Plains reported second-quarter revenue of USD 17.69 billion against a Wall Street estimate of USD 12.75 billion. The difference of USD 4.94 billion gives the result a clear earnings-season reference point beyond the daily stock move.
The same September 2026 results also showed adjusted earnings of USD 0.41 per unit, compared with the USD 0.39 estimate. Adjusted EBITDA attributable to Plains reached USD 738 million, while full-year 2026 EBITDA guidance stands at USD 2.88 billion plus or minus USD 75 million.
Debt funds preferred redemptions
Plains has also reshaped its capital structure. StockTitan reports that the company completed a USD 1.5 billion offering of junior subordinated notes on September 14, 2026. The transaction comprised USD 700 million of Series A notes at a 6.750 percent coupon and USD 800 million of Series B notes at a 7.000 percent coupon.
The proceeds are intended to support the redemption of preferred units, including 58,411,908 Series A units at USD 28.875 per unit and 800,000 Series B units at USD 1,000 per unit. For common-unit holders, the transaction shifts the financial mix toward new subordinated debt while removing preferred claims.
Stock remains below the yearly high
PAA's September 24 price of USD 24.64 remains USD 1.75 below the 52-week high of USD 26.39 and USD 8.95 above the 52-week low of USD 15.69. The range shows that the stock is closer to its yearly high than its yearly low, while the 0.82 percent daily gain reflects the latest trading session.
Plains operates crude oil and natural gas liquids infrastructure across the United States and Canada. The second-quarter revenue comparison and the USD 738 million adjusted EBITDA figure make operating performance and capital allocation the central metrics for assessing the stock.
Plains All American Pipeline stock facts
- Company: Plains All American Pipeline, L.P.
- Ticker: PAA
- Trading venue: Nasdaq
- Price as of September 24, 2026: USD 24.64
- Daily change: 0.82 percent
- 52-week range: USD 15.69-26.39
- Sector / Industry: Energy / Oil and Gas Midstream
