Plains All American Pipeline (PAA) Debt to Equity (2009 - 2026)
Plains All American Pipeline (PAA) posted Debt to Equity of $0.74 for Q1 2026, up 354.62% on a QoQ basis from $0.16 in Q4 2025, and up 11.16% year-on-year from $0.67 in Q1 2025.
Plains All American Pipeline (PAA) Debt to Equity (2009 - 2026) Analysis & Trends
Plains All American Pipeline has disclosed Debt to Equity across 18 years of filings, most recently posting $0.74 for Q1 2026.
- Debt to Equity for Q1 2026 came in at $0.74, up 11.16% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.74 (up 11.16% YoY), and the FY2025 annual result was $0.16, up 349.4% from the prior year.
- Debt to Equity came in at $0.74 for Q1 2026 at Plains All American Pipeline, up from $0.16 in the prior quarter.
- Over the last five years, Debt to Equity for PAA reached as high as $0.74 in Q1 2026 and fell as low as $0.04 in Q4 2024.
- Median Debt to Equity over the past 5 years was $0.58 (2024), compared with a mean of $0.43.
- Year-over-year, Debt to Equity plunged 94.71% in 2022 and surged 988.15% in 2023.
- Over 5 years, Debt to Equity stood at $0.63 in 2022, then fell by 11.15% to $0.56 in 2023, then tumbled by 93.49% to $0.04 in 2024, then surged by 349.4% to $0.16 in 2025, then jumped by 354.62% to $0.74 in 2026.
- Per Business Quant, the three latest PAA Debt to Equity figures stand at $0.74 (Q1 2026), $0.16 (Q4 2025), and $0.11 (Q3 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 1.66 |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.02 |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.12 |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 2.01 |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 5.85 |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.79 |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 1.43 |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 182.28 |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.41 |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 0.74 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.74 |
| Dec 31, 2025 | 0.16 |
| Sep 30, 2025 | 0.11 |
| Jun 30, 2025 | 0.66 |
| Mar 31, 2025 | 0.67 |
| Dec 31, 2024 | 0.04 |
| Sep 30, 2024 | 0.06 |
| Jun 30, 2024 | 0.58 |
| Mar 31, 2024 | 0.57 |
| Dec 31, 2023 | 0.56 |
| Sep 30, 2023 | 0.59 |
| Jun 30, 2023 | 0.58 |
| Mar 31, 2023 | 0.59 |
| Dec 31, 2022 | 0.63 |
| Sep 30, 2022 | 0.66 |
| Jun 30, 2022 | 0.05 |
| Mar 31, 2022 | 0.07 |
| Dec 31, 2021 | 0.71 |
| Sep 30, 2021 | 0.09 |
| Jun 30, 2021 | 1.01 |