Plains All American Pipeline (PAA) FCF Payout Ratio (2009 - 2026)
Plains All American Pipeline's (PAA) quarterly FCF Payout Ratio came in at 0.36 in Q1 2026, down 21.7% year-on-year from 0.46 in Q1 2025, and down 49.0% quarter-over-quarter from 0.7 in Q4 2025.
Plains All American Pipeline (PAA) FCF Payout Ratio (2009 - 2026) Analysis & Trends
Plains All American Pipeline's FCF Payout Ratio history runs 18 years deep, the most recent figure standing at 0.36 for Q1 2026.
- On a quarterly basis, FCF Payout Ratio fell 21.7% year-over-year to 0.36 in Q1 2026; TTM through Mar 2026 was 0.23, a 4.67% increase from a year earlier, with the FY2025 full-year figure at 0.25, up 18.72% from the prior year.
- FCF Payout Ratio declined to 0.36 in Q1 2026 per PAA's latest filing, from 0.7 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 0.7 in Q4 2025 and bottomed at 1.65 in Q3 2023.
- The 5-year median for FCF Payout Ratio is 0.19 (2024), against an average of 0.15.
- Across the five-year window, FCF Payout Ratio jumped 7468.59% in 2022 and tumbled 1957.74% in 2023, its largest moves.
- Year by year, FCF Payout Ratio stood at 0.54 in 2022, then tumbled by 66.86% to 0.18 in 2023, then advanced by 2.62% to 0.19 in 2024, then jumped by 278.7% to 0.7 in 2025, then sank by 49.0% to 0.36 in 2026.
- Per Business Quant, the three latest PAA FCF Payout Ratio figures stand at 0.36 (Q1 2026), 0.7 (Q4 2025), and 0.12 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -0.67 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -3.19 |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 0.68 |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | -21.81 |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 0.05 |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | -0.27 |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 0.80 |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | -1.37 |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 9.63 |
| 10 | Plains All American Pipeline | 17.42 Bn | 17.25 Bn | 977.00 Mn | 0.36 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.36 |
| Dec 31, 2025 | 0.70 |
| Sep 30, 2025 | 0.12 |
| Jun 30, 2025 | 0.22 |
| Mar 31, 2025 | 0.46 |
| Dec 31, 2024 | 0.19 |
| Sep 30, 2024 | 0.17 |
| Jun 30, 2024 | 0.20 |
| Mar 31, 2024 | 0.38 |
| Dec 31, 2023 | 0.18 |
| Sep 30, 2023 | -1.65 |
| Jun 30, 2023 | 0.10 |
| Mar 31, 2023 | 0.13 |
| Dec 31, 2022 | 0.54 |
| Sep 30, 2022 | 0.09 |
| Jun 30, 2022 | 0.09 |
| Mar 31, 2022 | 0.25 |
| Dec 31, 2021 | 0.01 |
| Sep 30, 2021 | 0.02 |
| Mar 31, 2021 | 0.01 |