Plains All American Pipeline (PAA) plans to spend $ 1.5 billion on growth capital projects in 2016. The company’s pipelines have increased from nearly 16,000 miles in 2009 to more than 18,000 miles in 2015.
The above graph shows the historical growth capital investments in the company’s Transportation segment. The segment’s 1Q16 profit increased by 9% year-over-year, primarily driven by new projects.
Now let’s next see where Plains All American’s returns stand compared to peers.