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
DateValue
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