• Plains All American Pipeline average return on tangible equity for 2023 was 9.02, a 50.08% decline from 2022.
• Plains All American Pipeline average return on tangible equity for 2022 was 6.01, a 161.3% increase from 2021.
• Plains All American Pipeline average return on tangible equity for 2021 was 2.3, a 109.94% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.