Plains All American Pipeline L.P. (PAA) vs Viper Energy (VNOM)
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 Viper Energy (VNOM) over the past year, gaining 44.3% versus a gain of 7.2%. Over five years, PAA leads with a +116.8% price change compared with +71.1% for VNOM. Plains All American Pipeline L.P. is the larger company by market cap ($17.00 billion vs $14.75 billion), about 1.2 times the size, while Viper Energy is growing revenue faster (+62.0% vs -9.5%).
On valuation, Plains All American Pipeline L.P. trades at a lower forward P/E (12.6x vs 16.3x for Viper Energy). Plains All American Pipeline L.P. offers the higher dividend yield (6.78% vs 5.97%). Plains All American Pipeline L.P. converts more of its revenue into profit, with a net margin of 3.2% versus -4.9%.
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 | PAA | VNOM |
|---|---|---|
| Share price | $24.09 | $41.07 |
| Market cap | $17.00B | $14.75B |
| 1-day change | +0.12% | -1.25% |
| YTD return | +33.96% | +6.32% |
| 1-year return | +44.33% | +7.20% |
| 5-year return | +116.76% | +71.13% |
| P/E ratio (TTM) | 20.77 | — |
| Forward P/E | 12.59 | 16.30 |
| EPS (TTM) | $1.16 | $0.02 |
| Dividend yield | 6.78% | 5.97% |
| Annual dividend | $1.63 | $2.45 |
| Revenue (latest FY) | $44.26B | $1.40B |
| Revenue growth (YoY) | -9.46% | +62.02% |
| Net income (latest FY) | $1.44B | $-68.00M |
| Gross margin | 8.65% | — |
| Operating margin | 3.24% | -10.04% |
| Net margin | 3.24% | -4.87% |
| 52-week high | $26.39 | $51.13 |
| 52-week low | $15.69 | $35.10 |
| Distance from 52-week high | -8.72% | -19.68% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +8.47% | +33.80% |
| Average volume | 2.53M | 1.68M |
| Shares outstanding | 705.57M | 194.41M |
| Employees | 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
- PAA has outperformed VNOM by 37.1 percentage points over the past year.
- Plains All American Pipeline L.P. is more profitable, keeping 3.2 cents of every revenue dollar as net income versus -4.9 cents for Viper Energy.
- Viper Energy grew revenue faster in its latest fiscal year (+62.02% vs -9.46%).
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
About Viper Energy
VNOM stock →Viper Energy, Inc. owns, acquires, and exploits oil and natural gas properties in North America.
Energy · Oil & Gas Midstream
PAA vs VNOM FAQ
Which is bigger, Plains All American Pipeline L.P. or Viper Energy?
Plains All American Pipeline L.P. (PAA) is larger, with a market capitalization of $17.00B compared with $14.75B for Viper Energy (VNOM).
Which stock has performed better over the past year, PAA or VNOM?
PAA returned +44.33% over the past 12 months, compared with +7.20% for VNOM (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Plains All American Pipeline L.P. or Viper Energy?
Plains All American Pipeline L.P. has the higher yield at 6.78%, compared with 5.97% for Viper Energy.
Are Plains All American Pipeline L.P. and Viper Energy in the same industry?
Yes. Both are classified in the Oil & Gas Midstream industry within the Energy sector.