Plains All American Pipeline (PAA) FCF Margin (2009 - 2026)
Plains All American Pipeline (PAA) posted quarterly FCF Margin of 2.31% for Q1 2026, down 21.0% year-over-year from 2.92% in Q1 2025, and up 58.44% quarter-over-quarter from 1.46% in Q4 2025.
Plains All American Pipeline (PAA) FCF Margin (2009 - 2026) Analysis & Trends
Plains All American Pipeline's FCF Margin history runs 18 years deep, the most recent figure standing at 2.31% for Q1 2026.
- In Q1 2026, FCF Margin fell 21.0% year-over-year to 2.31%; the TTM figure through Mar 2026 stood at 4.0% (down 25.0% YoY), while the FY2025 annual figure was 4.09%, down 9.0% from the prior year.
- FCF Margin for Q1 2026 stood at 2.31%, up from 1.46% in the prior quarter.
- The five-year high for FCF Margin was 8.06% in Q3 2025, with the low at 0.43% in Q3 2023.
- The 5-year median for FCF Margin is 4.07% (2025), against an average of 3.76%.
- The sharpest annual moves came in 2022 and 2024: FCF Margin tumbled 653 bps in 2022, then soared 575 bps in 2024.
- Plains All American Pipeline's FCF Margin stood at 1.47% in 2022, then jumped by 219 bps to 4.7% in 2023, then advanced by 10 bps to 5.16% in 2024, then tumbled by 72 bps to 1.46% in 2025, then surged by 58 bps to 2.31% in 2026.
- Business Quant data shows PAA's FCF Margin at 2.31% in Q1 2026, 1.46% in Q4 2025, and 8.06% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 21.84% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 3.87% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | 11.07% |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 7.88% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 146.27% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 11.95% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 26.48% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 9.71% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 6.94% |
| 10 | Plains All American Pipeline | 16.81 Bn | 15.75 Bn | 1.14 Bn | 4.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.62% |
| Mar 31, 2026 | 2.31% |
| Dec 31, 2025 | 1.46% |
| Sep 30, 2025 | 8.06% |
| Jun 30, 2025 | 4.07% |
| Mar 31, 2025 | 2.52% |
| Dec 31, 2024 | 5.16% |
| Sep 30, 2024 | 5.31% |
| Jun 30, 2024 | 3.90% |
| Mar 31, 2024 | 2.25% |
| Dec 31, 2023 | 4.70% |
| 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% |