Plains All American Pipeline (PAA) EV to EBITDA (2009 - 2026)
Plains All American Pipeline's EV to EBITDA was 5.60 in Q2 2026, down 23.6% from 7.34 a year earlier and down 12.0% from the prior quarter.
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Analysis
Plains All American Pipeline (PAA) EV to EBITDA (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Plains All American Pipeline's EV to EBITDA was 4.96 through Jun 30, 2026, down 23.7% year-over-year; for FY2025, it came in at 5.17, down 21.6% from FY2024.
- In earlier years, EV to EBITDA was 6.60 in FY2024 (+40.6%), 4.69 in FY2023 (+35.6%), 3.46 in FY2022 (-8.3%) and 3.78 in FY2021.
- Quarterly EV to EBITDA has moved between 2.35 (Q3 2022) and 7.84 (Q3 2021) over five years.
- Compared with a year earlier, EV to EBITDA has declined for four straight quarters, with growth averaging 4.9% over the last eight quarters.
- The best year-over-year quarter for EV to EBITDA over five years was Q3 2023 (growth of 114.9%); the worst was Q3 2022 (a decline of 70.0%).
- Per Business Quant data, PAA's EV to EBITDA in the three quarters before Q2 2026 was 6.37 (Q1 2026), 5.17 (Q4 2025) and 5.47 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 104.84 Bn | 100.44 Bn | 4.84 Bn |
| 2 | Williams Companies | 89.20 Bn | 87.92 Bn | 2.54 Bn |
| 3 | Enterprise Products Partners | 79.12 Bn | 77.51 Bn | - |
| 4 | Kinder Morgan | 75.45 Bn | 75.15 Bn | 3.07 Bn |
| 5 | Energy Transfer | 69.26 Bn | 62.44 Bn | 7.40 Bn |
| 6 | Tc Energy | 64.74 Bn | 60.82 Bn | 2.81 Bn |
| 7 | Targa Resources | 63.52 Bn | 63.00 Bn | 2.14 Bn |
| 8 | Cheniere Energy | 59.48 Bn | 54.30 Bn | 5.29 Bn |
| 9 | Mplx | 59.26 Bn | 52.82 Bn | 2.91 Bn |
| 10 | Plains All American Pipeline | 18.27 Bn | 15.54 Bn | 1.14 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.60 |
| Mar 31, 2026 | 6.37 |
| Dec 31, 2025 | 5.17 |
| Sep 30, 2025 | 5.47 |
| Jun 30, 2025 | 7.34 |
| Mar 31, 2025 | 7.67 |
| Dec 31, 2024 | 6.48 |
| Sep 30, 2024 | 6.11 |
| Jun 30, 2024 | 6.08 |
| Mar 31, 2024 | 5.85 |
| Dec 31, 2023 | 4.70 |
| Sep 30, 2023 | 5.05 |
| Jun 30, 2023 | 3.64 |
| Mar 31, 2023 | 3.32 |
| Dec 31, 2022 | 3.46 |
| Sep 30, 2022 | 2.35 |
| Jun 30, 2022 | 3.08 |
| Mar 31, 2022 | 5.15 |
| Dec 31, 2021 | 3.78 |
| Sep 30, 2021 | 7.84 |
API Access
Plains All American Pipeline EV to EBITDA 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=ev-to-ebitda&ticker=PAA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=PAA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();