Enterprise Products Partners L.P. (EPD) 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 8, 2026.
Summary
Plains All American Pipeline L.P. (PAA) has outperformed Enterprise Products Partners L.P. (EPD) over the past year, gaining 44.3% versus a gain of 16.4%. Over five years, PAA leads with a +116.8% price change compared with +52.2% for EPD. Enterprise Products Partners L.P. is the larger company by market cap ($79.36 billion vs $17.23 billion), about 4.6 times the size.
On valuation, Enterprise Products Partners L.P. trades at a lower forward P/E (11.6x vs 12.8x for Plains All American Pipeline L.P.). Plains All American Pipeline L.P. offers the higher dividend yield (6.69% vs 6.00%). Enterprise Products Partners L.P. converts more of its revenue into profit, with a net margin of 11.0% versus 3.2%.
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 | EPD | PAA |
|---|---|---|
| Share price | $36.75 | $24.42 |
| Market cap | $79.36B | $17.23B |
| 1-day change | -0.43% | +1.37% |
| YTD return | +15.13% | +33.96% |
| 1-year return | +16.40% | +44.33% |
| 5-year return | +52.21% | +116.76% |
| P/E ratio (TTM) | 12.76 | 21.05 |
| Forward P/E | 11.55 | 12.76 |
| EPS (TTM) | $2.88 | $1.16 |
| Dividend yield | 6.00% | 6.69% |
| Annual dividend | $2.21 | $1.63 |
| Revenue (latest FY) | $52.60B | $44.26B |
| Revenue growth (YoY) | -6.44% | -9.46% |
| Net income (latest FY) | $5.81B | $1.44B |
| Gross margin | 26.68% | 8.65% |
| Operating margin | 13.81% | 3.24% |
| Net margin | 11.05% | 3.24% |
| 52-week high | $40.17 | $26.39 |
| 52-week low | $30.01 | $15.69 |
| Distance from 52-week high | -8.51% | -7.46% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +12.60% | +7.00% |
| Average volume | 3.03M | 2.52M |
| Shares outstanding | 2.16B | 705.57M |
| Employees | — | 3,900 |
| Sector | Utilities | Energy |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
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
- Enterprise Products Partners L.P. is about 4.6 times larger than Plains All American Pipeline L.P. by market value ($79.36B vs $17.23B).
- PAA has outperformed EPD by 27.9 percentage points over the past year.
- Plains All American Pipeline L.P. trades at a higher earnings multiple (21.1x vs 12.8x trailing P/E).
- Enterprise Products Partners L.P. is more profitable, keeping 11.0 cents of every revenue dollar as net income versus 3.2 cents for Plains All American Pipeline L.P..
- The two companies sit in different sectors: Enterprise Products Partners L.P. in Utilities and Plains All American Pipeline L.P. in Energy.
About Enterprise Products Partners L.P.
EPD stock →Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products.
Utilities · Natural Gas Distribution
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 · Natural Gas Distribution · 3,900 employees
EPD vs PAA FAQ
Which is bigger, Enterprise Products Partners L.P. or Plains All American Pipeline L.P.?
Enterprise Products Partners L.P. (EPD) is larger, with a market capitalization of $79.36B compared with $17.23B for Plains All American Pipeline L.P. (PAA).
Which stock has performed better over the past year, EPD or PAA?
PAA returned +44.33% over the past 12 months, compared with +16.40% for EPD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EPD or PAA?
EPD has the lower trailing P/E at 12.8, versus 21.1 for PAA. 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, Enterprise Products Partners L.P. or Plains All American Pipeline L.P.?
Plains All American Pipeline L.P. has the higher yield at 6.69%, compared with 6.00% for Enterprise Products Partners L.P..
Are Enterprise Products Partners L.P. and Plains All American Pipeline L.P. in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.