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

Plains All American Pipeline (PAA) posted Free Cash Flow of $288.0 million for Q1 2026, down 54.86% on a QoQ basis from $638.0 million in Q4 2025, and little changed year-on-year from $289.0 million in Q1 2025.

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

Plains All American Pipeline has disclosed Free Cash Flow across 18 years of filings, most recently posting $288.0 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $288.0 million, changed 0.35% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.3 billion (up 10.78% YoY), and the FY2025 annual result was $2.3 billion, up 12.29% from the prior year.
  • Free Cash Flow came in at $288.0 million for Q1 2026 at Plains All American Pipeline, down from $638.0 million in the prior quarter.
  • Over the last five years, Free Cash Flow for PAA reached as high as $933.0 million in Q3 2025 and fell as low as -$52.0 million in Q3 2023.
  • Median Free Cash Flow over the past 5 years was $577.0 million (2024), compared with a mean of $495.3 million.
  • Year-over-year, Free Cash Flow slumped 106.34% in 2023 and jumped 1219.23% in 2024.
  • Over 5 years, 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 grew by 2.74% to $638.0 million in 2025, then tumbled by 54.86% to $288.0 million in 2026.
  • Per Business Quant, the three latest PAA Free Cash Flow figures stand at $288.0 million (Q1 2026), $638.0 million (Q4 2025), and $933.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn -70.73 Mn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.36 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 486.00 Mn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 1.46 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn -160.00 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 772.00 Mn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 70.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 879.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn -2.42 Bn
10 Plains All American Pipeline 15.72 Bn 15.54 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 638.00 Mn
Dec 31, 2025 638.00 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 582.00 Mn
Sep 30, 2024 582.00 Mn
Jun 30, 2024 577.00 Mn
Jun 30, 2024 577.00 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