Plains All American vs DT Midstream

Plains All American vs DT Midstream: this page compares business models, financial performance, and market context of the two companies in a neutral, accessible way. It highlights how each organisation is positioned, without implying outcomes or recommendations. Educational content, not financial advice.

Plains All American vs DT Midstream: this page compares business models, financial performance, and market context of the two companies in a neutral, accessible way. It highlights how each organisatio...

Comparison Snapshot

Key Financial Metrics

PAA

Metric

DTM

$13.45B

Market Cap

$12.20B

6.58%

Potential Profit

0.32%

Hold

Analyst Rating

Buy

Investment Analysis

Plains All American

PAA

Pros

Plains All American Pipeline operates a large, diversified asset base in pipeline transportation, storage, and logistics for crude oil and natural gas liquids, supporting stable revenue streams.
The company offers a high dividend yield of around 9%, appealing to income-focused investors.
It has a relatively low beta of 0.71, indicating less volatility compared to the overall market, which can reduce investment risk.

Considerations

Plains All American Pipeline's stock price has shown limited growth over the last 12 months, increasing only around 0.9%, with some forecasts predicting a drop within the next year.
The company faces exposure to commodity price fluctuations and regulatory risks inherent in oil and natural gas midstream operations.
Despite a solid market cap, Plains All American exhibits modest profitability margins, with net income around $626 million on nearly $48 billion revenue, reflecting operational cost pressures.

DT Midstream

DTM

Pros

DT Midstream is a leading natural gas midstream company with a market capitalization exceeding $11 billion, indicating significant scale and market presence.
The company benefits from growth in the natural gas sector, which is increasingly favoured due to its lower carbon footprint compared to other fossil fuels.
DT Midstream’s midstream focus on natural gas provides diversification benefits relative to crude oil-centric peers, potentially reducing commodity price sensitivity.

Considerations

DT Midstream’s business is exposed to natural gas market volatility and regulatory changes impacting emissions and pipeline operations.
The company’s large asset base entails ongoing capital expenditure demands and operational execution risks that could affect returns.
Competitive pressures in the natural gas midstream sector may limit pricing power and margin expansion potential for DT Midstream.

About The Companies

Plains All American (PAA)

Plains All American Pipeline, L.P. (PAA) is a midstream energy business that transports, stores and markets crude oil, natural gas liquids (NGLs) and related products across a network of pipelines, terminals and storage facilities. With a market capitalisation around $11.6 billion, the partnership generates much of its income from fee-based contracts and long‑term throughput agreements, which can provide relatively predictable cash flow. That said, volumes and revenue can vary with oil production levels, refinery demand and broader commodity cycles. Investors should note exposure to operational risks (pipeline incidents, weather), regulatory and environmental requirements, and capital‑intensive maintenance and expansion projects. PAA has historically paid distributions, but payouts are subject to company decisions and cash‑flow variability. For those considering the stock, assess balance‑sheet strength, contract mix and volume trends; this summary is educational and not personalised investment advice. Past performance is not a guarantee of future returns and values can fall as well as rise.

DT Midstream (DTM)

DT Midstream, Inc. operates as a key components in the North American natural gas infrastructure network. The company owns, runs, and develops a significant portfolio of natural gas pipelines, storage systems, and gathering facilities. Its primary business involves transporting clean natural gas for a diverse group of customers, including utilities, power plants, and large industrial clients. The business is structured into two main segments: 'Pipeline', which handles the transportation and storage of gas through its interstate and intrastate networks, and 'Gathering', which collects natural gas directly from wells. For investors interested in the energy sector, DT Midstream represents a business focused on the essential midstream stage of the natural gas value chain. As with any investment, the company's value can be influenced by energy market dynamics, regulatory changes, and broader economic conditions.

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Which Baskets Do They Appear In?

Riding The OPEC+ Wave: Midstream Energy Plays

OPEC+ is moving forward with its plan to increase oil production to meet summer demand. This creates an opportunity for companies that transport, store, and process the additional crude oil and natural gas.

Published: July 25, 2025

Explore Basket

Toll Road Businesses

These gatekeepers of modern commerce own indispensable infrastructure and collect fees on the flow of goods, energy, and data. Our analysts have selected companies with durable, recurring revenues from hard-to-replicate physical and digital networks.

Published: June 17, 2025

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Comparison Snapshot