Plains All American Pipeline (PAA) Free Cash Flow (2009 - 2026)

Plains All American Pipeline's (PAA) quarterly Free Cash Flow came in at $288.0 million in Q1 2026, little changed year-on-year from $289.0 million in Q1 2025, and up 87.01% quarter-over-quarter from $154.0 million in Q4 2025.

Plains All American Pipeline (PAA) Free Cash Flow (2009 - 2026) Analysis & Trends

Plains All American Pipeline's Free Cash Flow history runs 18 years deep, the most recent figure standing at $288.0 million for Q1 2026.

  • On a quarterly basis, Free Cash Flow changed 0.35% year-over-year to $288.0 million in Q1 2026; TTM through Mar 2026 was $1.8 billion, a 12.61% decrease from a year earlier, with the FY2025 full-year figure at $1.8 billion, down 11.41% from the prior year.
  • Free Cash Flow rose to $288.0 million in Q1 2026 per PAA's latest filing, from $154.0 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $933.0 million in Q3 2025 and bottomed at -$52.0 million in Q3 2023.
  • The 5-year median for Free Cash Flow is $497.0 million (2024), against an average of $466.8 million.
  • Across the five-year window, Free Cash Flow tumbled 106.34% in 2023 and surged 1373.08% in 2024, its largest moves.
  • Year by year, Free Cash Flow stood at $191.0 million in 2022, then jumped by 178.53% to $532.0 million in 2023, then climbed by 16.73% to $621.0 million in 2024, then tumbled by 75.2% to $154.0 million in 2025, then surged by 87.01% to $288.0 million in 2026.
  • Per Business Quant, the three latest PAA Free Cash Flow figures stand at $288.0 million (Q1 2026), $154.0 million (Q4 2025), and $933.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 98.91 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 12.71 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 978.00 Mn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn -70.73 Mn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 486.00 Mn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 1.36 Bn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 1.46 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn -160.00 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 70.00 Mn
10 Plains All American Pipeline 17.42 Bn 17.25 Bn 977.00 Mn 288.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 288.00 Mn
Mar 31, 2026 288.00 Mn
Dec 31, 2025 154.00 Mn
Dec 31, 2025 154.00 Mn
Sep 30, 2025 933.00 Mn
Sep 30, 2025 933.00 Mn
Jun 30, 2025 433.00 Mn
Jun 30, 2025 433.00 Mn
Mar 31, 2025 289.00 Mn
Mar 31, 2025 289.00 Mn
Dec 31, 2024 621.00 Mn
Dec 31, 2024 621.00 Mn
Sep 30, 2024 662.00 Mn
Sep 30, 2024 662.00 Mn
Jun 30, 2024 497.00 Mn
Jun 30, 2024 497.00 Mn
Mar 31, 2024 262.00 Mn
Mar 31, 2024 262.00 Mn
Dec 31, 2023 532.00 Mn
Dec 31, 2023 532.00 Mn