KNOT Offshore Partners (KNOP) 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 KNOT Offshore Partners (KNOP) over the past year, gaining 48.5% versus a gain of 21.4%. Over five years, PAA leads with a +120.0% price change compared with -47.8% for KNOP. Plains All American Pipeline L.P. is the larger company by market cap ($17.23 billion vs $358.7 million), about 48.0 times the size.
On valuation, Plains All American Pipeline L.P. trades at a lower forward P/E (12.8x vs 14.9x for KNOT Offshore Partners). Plains All American Pipeline L.P. offers the higher dividend yield (6.69% vs 1.71%).
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 | KNOP | PAA |
|---|---|---|
| Share price | $10.38 | $24.42 |
| Market cap | $358.66M | $17.23B |
| 1-day change | +0.39% | +1.37% |
| YTD return | +0.29% | +35.97% |
| 1-year return | +21.40% | +48.54% |
| 5-year return | -47.84% | +120.00% |
| P/E ratio (TTM) | 74.14 | 21.05 |
| Forward P/E | 14.94 | 12.76 |
| EPS (TTM) | $0.14 | $1.16 |
| Dividend yield | 1.71% | 6.69% |
| Annual dividend | $0.177 | $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 | $11.78 | $26.39 |
| 52-week low | $8.00 | $15.69 |
| Distance from 52-week high | -11.88% | -7.46% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +39.69% | +7.00% |
| Average volume | 44.36K | 2.52M |
| Shares outstanding | 33.66M | 705.57M |
| Employees | 1 | 3,900 |
| Sector | Consumer Discretionary | Energy |
| Industry | Marine Transportation | 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
- Plains All American Pipeline L.P. is about 48.0 times larger than KNOT Offshore Partners by market value ($17.23B vs $358.66M).
- PAA has outperformed KNOP by 27.1 percentage points over the past year.
- KNOT Offshore Partners trades at a higher earnings multiple (74.1x vs 21.1x trailing P/E).
- Plains All American Pipeline L.P. offers a meaningfully higher dividend yield (6.69% vs 1.71%).
- The two companies sit in different sectors: KNOT Offshore Partners in Consumer Discretionary and Plains All American Pipeline L.P. in Energy.
About KNOT Offshore Partners
KNOP stock →KNOT Offshore Partners LP, together with its subsidiaries, acquires, owns, and operates shuttle tankers in the United Kingdom and Brazil. The company loads, transports, condensates, and discharges crude oil from offshore oil field installations to onshore terminals and refineries.
Consumer Discretionary · Marine Transportation · 1 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 · Natural Gas Distribution · 3,900 employees
KNOP vs PAA FAQ
Which is bigger, KNOT Offshore Partners or Plains All American Pipeline L.P.?
Plains All American Pipeline L.P. (PAA) is larger, with a market capitalization of $17.23B compared with $358.66M for KNOT Offshore Partners (KNOP).
Which stock has performed better over the past year, KNOP or PAA?
PAA returned +48.54% over the past 12 months, compared with +21.40% for KNOP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KNOP or PAA?
PAA has the lower trailing P/E at 21.1, versus 74.1 for KNOP. 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, KNOT Offshore Partners or Plains All American Pipeline L.P.?
Plains All American Pipeline L.P. has the higher yield at 6.69%, compared with 1.71% for KNOT Offshore Partners.
Are KNOT Offshore Partners and Plains All American Pipeline L.P. in the same industry?
No. KNOT Offshore Partners is in the Consumer Discretionary sector, while Plains All American Pipeline L.P. is in Energy.