Plains All American Pipeline (PAA) Debt Ratio (2009 - 2026)
Plains All American Pipeline's Debt Ratio came in at 0.34 for Q3 2026, up 0.1% from 0.34 a year earlier and up 16.5% from the prior quarter.
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Analysis
Plains All American Pipeline (PAA) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Plains All American Pipeline's Debt Ratio was 0.37, up 30.1% from FY2024.
- Going back by year, Debt Ratio was 0.29 in FY2024 (+1.2%), 0.28 in FY2023 (-6.4%), 0.30 in FY2022 (-6.0%) and 0.32 in FY2021 (-22.7%).
- The five-year range for quarterly Debt Ratio is 0.28 (Q4 2023) to 0.37 (Q4 2025).
- Year-over-year, Debt Ratio increased in seven of the last eight quarters, with growth averaging 8.8%.
- The fastest year-over-year change in Debt Ratio over five years came in Q4 2025 (growth of 30.1%), and the weakest in Q1 2022 (a decline of 23.4%).
- Business Quant data shows PAA's Debt Ratio at 0.29 (Q2 2026), 0.36 (Q1 2026) and 0.37 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 0.48 |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 0.09 |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 0.40 |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 0.44 |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 0.46 |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 0.67 |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 0.49 |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 0.61 |
| 10 | Plains All American Pipeline | 17.30 Bn | 18.05 Bn | 1.14 Bn | 0.34 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.34 |
| Jun 30, 2026 | 0.29 |
| Mar 31, 2026 | 0.36 |
| Dec 31, 2025 | 0.37 |
| Sep 30, 2025 | 0.34 |
| Jun 30, 2025 | 0.32 |
| Mar 31, 2025 | 0.32 |
| Dec 31, 2024 | 0.29 |
| Sep 30, 2024 | 0.29 |
| Jun 30, 2024 | 0.29 |
| Mar 31, 2024 | 0.29 |
| Dec 31, 2023 | 0.28 |
| Sep 30, 2023 | 0.29 |
| Jun 30, 2023 | 0.30 |
| Mar 31, 2023 | 0.29 |
| Dec 31, 2022 | 0.30 |
| Sep 30, 2022 | 0.31 |
| Jun 30, 2022 | 0.30 |
| Mar 31, 2022 | 0.29 |
| Dec 31, 2021 | 0.32 |
API Access
Plains All American Pipeline Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=PAA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "PAA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=PAA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();