Kinetik (KNTK) 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 Kinetik (KNTK) over the past year, gaining 44.3% versus a gain of 36.0%. Over five years, PAA leads with a +116.8% price change compared with +22.1% for KNTK. Plains All American Pipeline L.P. is the larger company by market cap ($17.23 billion vs $9.21 billion), about 1.9 times the size, while Kinetik is growing revenue faster (+19.0% vs -9.5%).
On valuation, Plains All American Pipeline L.P. trades at a lower forward P/E (12.8x vs 25.0x for Kinetik). Plains All American Pipeline L.P. offers the higher dividend yield (6.69% vs 5.90%). Kinetik converts more of its revenue into profit, with a net margin of 10.1% 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 | KNTK | PAA |
|---|---|---|
| Share price | $54.41 | $24.42 |
| Market cap | $9.21B | $17.23B |
| 1-day change | +1.28% | +1.37% |
| YTD return | +49.02% | +33.96% |
| 1-year return | +36.00% | +44.33% |
| 5-year return | +22.10% | +116.76% |
| P/E ratio (TTM) | 19.02 | 21.05 |
| Forward P/E | 24.95 | 12.76 |
| EPS (TTM) | $2.86 | $1.16 |
| Dividend yield | 5.90% | 6.69% |
| Annual dividend | $3.21 | $1.63 |
| Revenue (latest FY) | $1.76B | $44.26B |
| Revenue growth (YoY) | +18.98% | -9.46% |
| Net income (latest FY) | $178.26M | $1.44B |
| Gross margin | 55.45% | 8.65% |
| Operating margin | 9.35% | 3.24% |
| Net margin | 10.10% | 3.24% |
| 52-week high | $56.92 | $26.39 |
| 52-week low | $31.33 | $15.69 |
| Distance from 52-week high | -4.41% | -7.46% |
| Analyst consensus | none | buy |
| Avg. price target upside | +5.33% | +7.00% |
| Average volume | 1.13M | 2.52M |
| Shares outstanding | 80.44M | 705.57M |
| Employees | 500 | 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
- Kinetik is more profitable, keeping 10.1 cents of every revenue dollar as net income versus 3.2 cents for Plains All American Pipeline L.P..
- Kinetik grew revenue faster in its latest fiscal year (+18.98% vs -9.46%).
- The two companies sit in different sectors: Kinetik in Utilities and Plains All American Pipeline L.P. in Energy.
About Kinetik
KNTK stock →Kinetik Holdings Inc., through its subsidiaries, operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation.
Utilities · Natural Gas Distribution · 500 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
KNTK vs PAA FAQ
Which is bigger, Kinetik 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 $9.21B for Kinetik (KNTK).
Which stock has performed better over the past year, KNTK or PAA?
PAA returned +44.33% over the past 12 months, compared with +36.00% for KNTK (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KNTK or PAA?
KNTK has the lower trailing P/E at 19.0, 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, Kinetik or Plains All American Pipeline L.P.?
Plains All American Pipeline L.P. has the higher yield at 6.69%, compared with 5.90% for Kinetik.
Are Kinetik 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.