Plains All American Pipeline (PAA) Free Cash Flow (2009 - 2026)
Plains All American Pipeline (PAA) posted Free Cash Flow of $817.0 million for Q2 2026, up 183.68% on a QoQ basis from $288.0 million in Q1 2026, and up 55.92% year-over-year from $524.0 million in Q2 2025.
Analysis
Plains All American Pipeline (PAA) Free Cash Flow (2009 - 2026) Analysis & Trends
Plains All American Pipeline has reported Free Cash Flow for 18 years, with the latest figure at $817.0 million in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 55.92% year-over-year to $817.0 million in Q2 2026; TTM through Jun 2026 was $2.4 billion, a 6.69% increase from a year earlier, with the FY2025 full-year figure at $2.3 billion, up 12.29% from the prior year.
- Free Cash Flow was $817.0 million for Q2 2026 at Plains All American Pipeline, up from $288.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $1.0 billion in Q4 2023, with the low at -$52.0 million in Q3 2023.
- Average Free Cash Flow over 5 years is $539.6 million, with a median of $601.5 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow slumped 106.34% in 2023, then jumped 1219.23% in 2024.
- Over 5 years, Free Cash Flow stood at $191.0 million in 2022, then surged by 427.23% to $1.0 billion in 2023, then slumped by 38.33% to $621.0 million in 2024, then increased by 2.74% to $638.0 million in 2025, then increased by 28.06% to $817.0 million in 2026.
- The last three Free Cash Flow figures came in at $817.0 million (Q2 2026), $288.0 million (Q1 2026), and $638.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 978.00 Mn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 2.02 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 2.71 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 2.66 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 431.20 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 877.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 1.44 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 821.24 Mn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 1.12 Bn |
| 10 | Plains All American Pipeline | 18.13 Bn | 17.07 Bn | 1.14 Bn | 817.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 817.00 Mn |
| Mar 31, 2026 | 288.00 Mn |
| Dec 31, 2025 | 638.00 Mn |
| Sep 30, 2025 | 632.00 Mn |
| Jun 30, 2025 | 524.00 Mn |
| Mar 31, 2025 | 499.00 Mn |
| Dec 31, 2024 | 621.00 Mn |
| Sep 30, 2024 | 582.00 Mn |
| Jun 30, 2024 | 577.00 Mn |
| Mar 31, 2024 | 262.00 Mn |
| Dec 31, 2023 | 1.01 Bn |
| Sep 30, 2023 | -52.00 Mn |
| Jun 30, 2023 | 743.00 Mn |
| Mar 31, 2023 | 621.00 Mn |
| Dec 31, 2022 | 191.00 Mn |
| Sep 30, 2022 | 820.00 Mn |
| Jun 30, 2022 | 703.00 Mn |
| Mar 31, 2022 | 239.00 Mn |
| Dec 31, 2021 | 556.00 Mn |
| Sep 30, 2021 | 260.00 Mn |