PLAINS ALL AMERICAN PIPELINE LP (PAA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: November 07, 2025

Risk Assessment Details

Potential Dilution: 2.16% of current shares
Recent Dilution: 0.7% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
710M
Potential Supply
15M
Additional shares possible
Splits
None
Past 2 years

Summary

PAA currently has 705M outstanding shares. with limited dilution risk as only 15.2M additional shares (2.2%) are authorized for issuance. The company has minimally diluted shareholders by 0.7% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 07, 2025

10-Q filing | 705.5M shares outstanding

710M 15M
Aug 08, 2025

10-Q filing | 703.3M shares outstanding

700M 17M
May 09, 2025

10-Q filing | 703.3M shares outstanding

700M 17M
Feb 28, 2025

10-K filing | 703.8M shares outstanding

700M 17M
Nov 08, 2024

10-Q filing | 703.7M shares outstanding

700M 17M
Sep 06, 2024

S-3 filing: Plains All American Pipeline, L.P. and PAA Finance Corp. may offer and sell up to $1,100,000,000 in aggregate amount of common units, preferred units, and debt securities.

700M 20M
Aug 09, 2024

10-Q filing | 701.1M shares outstanding

700M 20M
May 10, 2024

10-Q filing | 701.1M shares outstanding

700M 20M
Feb 29, 2024

10-K filing | 701.1M shares outstanding

700M 20M
Nov 08, 2023

10-Q filing | 701.0M shares outstanding

700M 20M
Aug 09, 2023

10-Q filing | 698.4M shares outstanding

700M 22M
May 10, 2023

10-Q filing | 698.4M shares outstanding

700M 22M
Mar 01, 2023

10-K filing | 698.4M shares outstanding

700M 22M
Nov 08, 2022

10-Q filing | 698.3M shares outstanding

700M 22M
Oct 04, 2022

S-3 filing: This is an S-3 filing for Plains All American Pipeline, L.P. relating to the offering of up to 3,363,477 common units representing limited partner interests by selling unitholders.

700M 23M
Aug 09, 2022

10-Q filing | 697.9M shares outstanding

700M 19M
May 10, 2022

10-Q filing | 702.7M shares outstanding

700M 15M
Mar 01, 2022

10-K filing | 705.0M shares outstanding

710M 12M
Nov 08, 2021

10-Q filing | 711.1M shares outstanding

710M 6.2M
Sep 08, 2021

S-3 filing: Plains All American Pipeline, L.P. and PAA Finance Corp. may offer and sell common units, preferred units and debt securities from time to time in one or more classes or series and in amounts, at prices and on terms to be determined by market conditions.

720M 0
Aug 06, 2021

10-Q filing | 717.4M shares outstanding

720M 0
May 10, 2021

10-Q filing | 722.1M shares outstanding

720M 0
Mar 01, 2021

10-K filing | 722.1M shares outstanding

720M 0
Nov 06, 2020

10-Q filing | 728.5M shares outstanding

730M 0
Aug 07, 2020

10-Q filing | 728.1M shares outstanding

730M 0
May 08, 2020

10-Q filing | 728.1M shares outstanding

730M 0
Feb 27, 2020

10-K filing | 728.1M shares outstanding

730M 0
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