Plains All American Pipeline (PAA) Debt Ratio (2009 - 2026)

Plains All American Pipeline's (PAA) quarterly Debt Ratio came in at 0.07 in Q1 2026, down 77.59% year-on-year from 0.32 in Q1 2025, and down 77.78% quarter-over-quarter from 0.32 in Q4 2025.

Plains All American Pipeline (PAA) Debt Ratio (2009 - 2026) Analysis & Trends

Plains All American Pipeline's Debt Ratio history runs 18 years deep, the most recent figure standing at 0.07 for Q1 2026.

  • On a quarterly basis, Debt Ratio fell 77.59% year-over-year to 0.07 in Q1 2026; TTM through Mar 2026 was 0.07, a 77.59% decrease from a year earlier, with the FY2025 full-year figure at 0.32, up 1686.91% from the prior year.
  • Debt Ratio retreated to 0.07 in Q1 2026 per PAA's latest filing, from 0.32 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.32 in Q4 2025 and bottomed at 0.02 in Q4 2024.
  • The 5-year median for Debt Ratio is 0.04 (2025), against an average of 0.13.
  • Across the five-year window, Debt Ratio tumbled 95.07% in 2022 and soared 1686.91% in 2025, its largest moves.
  • Year by year, Debt Ratio stood at 0.04 in 2022, then slumped by 57.07% to 0.02 in 2023, then declined by 3.49% to 0.02 in 2024, then surged by 1686.91% to 0.32 in 2025, then plunged by 77.78% to 0.07 in 2026.
  • Per Business Quant, the three latest PAA Debt Ratio figures stand at 0.07 (Q1 2026), 0.32 (Q4 2025), and 0.04 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 0.06
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 0.70
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 0.44
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 0.47
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 0.42
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 0.39
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 0.47
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 0.70
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 0.49
10 Plains All American Pipeline 17.42 Bn 17.25 Bn 977.00 Mn 0.07

Historic Data

Download Data
DateValue
Mar 31, 2026 0.07
Dec 31, 2025 0.32
Sep 30, 2025 0.04
Jun 30, 2025 0.02
Mar 31, 2025 0.32
Dec 31, 2024 0.02
Sep 30, 2024 0.03
Jun 30, 2024 0.29
Mar 31, 2024 0.29
Dec 31, 2023 0.02
Sep 30, 2023 0.03
Jun 30, 2023 0.30
Mar 31, 2023 0.03
Dec 31, 2022 0.04
Sep 30, 2022 0.02
Jun 30, 2022 0.30
Mar 31, 2022 0.03
Dec 31, 2021 0.03
Sep 30, 2021 0.38
Jun 30, 2021 0.06