Energy Transfer (ET) 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
Energy Transfer is the larger company by market cap ($71.00 billion vs $17.23 billion), about 4.1 times the size. On valuation, Energy Transfer trades at a lower forward P/E (11.8x vs 12.8x for Plains All American Pipeline L.P.). Plains All American Pipeline L.P. offers the higher dividend yield (6.69% vs 6.52%).
Energy Transfer converts more of its revenue into profit, with a net margin of 5.2% 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 | ET | PAA |
|---|---|---|
| Share price | $20.62 | $24.42 |
| Market cap | $71.00B | $17.23B |
| 1-day change | +0.68% | +1.37% |
| YTD return | — | +35.97% |
| 1-year return | — | +48.54% |
| 5-year return | — | +116.76% |
| P/E ratio (TTM) | 14.12 | 21.05 |
| Forward P/E | 11.82 | 12.76 |
| EPS (TTM) | $1.46 | $1.16 |
| Dividend yield | 6.52% | 6.69% |
| Annual dividend | $1.35 | $1.63 |
| Revenue (latest FY) | $85.54B | $44.26B |
| Revenue growth (YoY) | +3.47% | -9.46% |
| Net income (latest FY) | $4.43B | $1.44B |
| Gross margin | 25.77% | 8.65% |
| Operating margin | 10.55% | 3.24% |
| Net margin | 5.18% | 3.24% |
| 52-week high | $21.84 | $26.39 |
| 52-week low | $16.18 | $15.69 |
| Distance from 52-week high | -5.59% | -7.46% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +19.98% | +7.00% |
| Average volume | 8.88M | 2.52M |
| Shares outstanding | 3.44B | 705.57M |
| Employees | 22,311 | 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
- Energy Transfer is about 4.1 times larger than Plains All American Pipeline L.P. by market value ($71.00B vs $17.23B).
- Plains All American Pipeline L.P. trades at a higher earnings multiple (21.1x vs 14.1x trailing P/E).
- Energy Transfer grew revenue faster in its latest fiscal year (+3.47% vs -9.46%).
About Energy Transfer
ET stock →Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments.
Energy · Oil & Gas Midstream · 22,311 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
ET vs PAA FAQ
Which is bigger, Energy Transfer or Plains All American Pipeline L.P.?
Energy Transfer (ET) is larger, with a market capitalization of $71.00B compared with $17.23B for Plains All American Pipeline L.P. (PAA).
Which has the lower P/E ratio, ET or PAA?
ET has the lower trailing P/E at 14.1, 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, Energy Transfer or Plains All American Pipeline L.P.?
Plains All American Pipeline L.P. has the higher yield at 6.69%, compared with 6.52% for Energy Transfer.
Are Energy Transfer 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.