Plains All American Pipeline (PAA) FCF Margin (2009 - 2026)
Plains All American Pipeline (PAA) posted FCF Margin of 4.62% for Q2 2026, up 99.94% on a QoQ basis from 2.31% in Q1 2026, and down 31.0% year-over-year from 6.69% in Q2 2025.
Powered by 
Analysis
Plains All American Pipeline (PAA) FCF Margin (2009 - 2026) Analysis & Trends
Plains All American Pipeline has reported FCF Margin for 18 years, with the latest figure at 4.62% in Q2 2026.
- On a quarterly basis, FCF Margin fell 31.0% year-over-year to 4.62% in Q2 2026; TTM through Jun 2026 was 4.54%, a 24.0% decrease from a year earlier, with the FY2025 full-year figure at 5.18%, up 100.0% from the prior year.
- FCF Margin was 4.62% for Q2 2026 at Plains All American Pipeline, up from 2.31% in the prior quarter.
- The five-year high for FCF Margin was 8.89% in Q4 2023, with the low at 0.43% in Q3 2023.
- Average FCF Margin over 5 years is 4.3%, with a median of 4.65% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: FCF Margin tumbled 653 bps in 2022, then surged 742 bps in 2023.
- Over 5 years, FCF Margin stood at 1.47% in 2022, then soared by 503 bps to 8.89% in 2023, then slumped by 42 bps to 5.16% in 2024, then increased by 17 bps to 6.04% in 2025, then dropped by 24 bps to 4.62% in 2026.
- The last three FCF Margin figures came in at 4.62% (Q2 2026), 2.31% (Q1 2026), and 6.04% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 21.84% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 11.07% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.88% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 92.82% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 9.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 11.95% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 3.87% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 51.81% |
| 10 | Plains All American Pipeline | 18.13 Bn | 17.07 Bn | 1.14 Bn | 4.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.62% |
| Mar 31, 2026 | 2.31% |
| Dec 31, 2025 | 6.04% |
| Sep 30, 2025 | 5.46% |
| Jun 30, 2025 | 4.92% |
| Mar 31, 2025 | 4.35% |
| Dec 31, 2024 | 5.16% |
| Sep 30, 2024 | 4.67% |
| Jun 30, 2024 | 4.52% |
| Mar 31, 2024 | 2.25% |
| Dec 31, 2023 | 8.89% |
| Sep 30, 2023 | -0.43% |
| Jun 30, 2023 | 6.40% |
| Mar 31, 2023 | 5.03% |
| Dec 31, 2022 | 1.47% |
| Sep 30, 2022 | 5.72% |
| Jun 30, 2022 | 4.30% |
| Mar 31, 2022 | 1.75% |
| Dec 31, 2021 | 4.28% |
| Sep 30, 2021 | 2.41% |