Enbridge (ENB) vs Plains All American Pipeline L.P. (PAA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Plains All American Pipeline L.P. (PAA) has outperformed Enbridge (ENB) over the past year, gaining 48.5% versus a loss of 5.1%. Over five years, PAA leads with a +120.0% price change compared with +9.4% for ENB. Enbridge is the larger company by market cap ($103.73 billion vs $17.23 billion), about 6.0 times the size.
On valuation, Plains All American Pipeline L.P. trades at a lower forward P/E (12.8x vs 20.7x for Enbridge). Enbridge offers the higher dividend yield (8.23% vs 6.69%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ENB | PAA |
|---|---|---|
| Share price | $46.54 | $24.42 |
| Market cap | $103.73B | $17.23B |
| 1-day change | +1.42% | +1.37% |
| YTD return | -2.70% | +35.97% |
| 1-year return | -5.08% | +48.54% |
| 5-year return | +9.35% | +120.00% |
| P/E ratio (TTM) | 24.89 | 21.05 |
| Forward P/E | 20.66 | 12.76 |
| EPS (TTM) | $1.87 | $1.16 |
| Dividend yield | 8.23% | 6.69% |
| Annual dividend | $3.83 | $1.63 |
| Revenue (latest FY) | — | $44.26B |
| Revenue growth (YoY) | — | -9.46% |
| Net income (latest FY) | — | $1.44B |
| Gross margin | — | 8.65% |
| Operating margin | — | 3.24% |
| Net margin | — | 3.24% |
| 52-week high | $58.45 | $26.39 |
| 52-week low | $45.03 | $15.69 |
| Distance from 52-week high | -20.38% | -7.46% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +10.12% | +7.00% |
| Average volume | 4.92M | 2.52M |
| Shares outstanding | 2.23B | 705.57M |
| Employees | 14,800 | 3,900 |
| Sector | Energy | Energy |
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Enbridge is about 6.0 times larger than Plains All American Pipeline L.P. by market value ($103.73B vs $17.23B).
- PAA has outperformed ENB by 53.6 percentage points over the past year.
- Enbridge offers a meaningfully higher dividend yield (8.23% vs 6.69%).
About Enbridge
ENB stock →Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation.
Energy · Oil & Gas Midstream · 14,800 employees
About Plains All American Pipeline L.P.
PAA stock →Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL.
Energy · Oil & Gas Midstream · 3,900 employees
ENB vs PAA FAQ
Which is bigger, Enbridge or Plains All American Pipeline L.P.?
Enbridge (ENB) is larger, with a market capitalization of $103.73B compared with $17.23B for Plains All American Pipeline L.P. (PAA).
Which stock has performed better over the past year, ENB or PAA?
PAA returned +48.54% over the past 12 months, compared with -5.08% for ENB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ENB or PAA?
PAA has the lower trailing P/E at 21.1, versus 24.9 for ENB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Enbridge or Plains All American Pipeline L.P.?
Enbridge has the higher yield at 8.23%, compared with 6.69% for Plains All American Pipeline L.P..
Are Enbridge and Plains All American Pipeline L.P. in the same industry?
Yes. Both are classified in the Oil & Gas Midstream industry within the Energy sector.