Plains All American Pipeline (PAA) FCF Margin (2009 - 2026)

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 5.06% (up 82.0% YoY), while the FY2025 annual figure was 5.18%, up 100.0% from the prior year.
• FCF Margin was 2.31% for Q1 2026 at Plains All American Pipeline, down from 6.04% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 8.06% in Q3 2025 to a low of 0.43% in Q3 2023.
• Historically, FCF Margin has averaged 4.03% across 5 years, with a median of 4.52% in 2024.
• The sharpest annual moves came in 2022 and 2024: FCF Margin plunged 653 bps in 2022, then jumped 510 bps in 2024.
• A 5-year view of FCF Margin shows it stood at 1.47% in 2022, then surged by 219 bps to 4.7% in 2023, then climbed by 10 bps to 5.16% in 2024, then grew by 17 bps to 6.04% in 2025, then sank by 62 bps to 2.31% in 2026.
• The last three FCF Margin figures came in at 2.31% (Q1 2026), 6.04% (Q4 2025), and 8.06% (Q3 2025), per Business Quant data.