Plains All American Pipeline (PAA) Free Cash Flow (2009 - 2026)
Plains All American Pipeline (PAA) recorded quarterly Free Cash Flow of $288.0 million in Q1 2026, down 54.86% quarter-over-quarter from $638.0 million in Q4 2025, and little changed on a YoY basis from $289.0 million in Q1 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.
- In Q1 2026, Free Cash Flow changed 0.35% year-over-year to $288.0 million; the TTM figure through Mar 2026 stood at $2.3 billion (up 10.78% YoY), while the FY2025 annual figure was $2.3 billion, up 12.29% from the prior year.
- Free Cash Flow was $288.0 million for Q1 2026 at Plains All American Pipeline, down from $638.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $933.0 million in Q3 2025 to a low of -$52.0 million in Q3 2023.
- Historically, Free Cash Flow has averaged $495.3 million across 5 years, with a median of $577.0 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow tumbled 106.34% in 2023, then soared 1219.23% in 2024.
- A 5-year view of Free Cash Flow shows it 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 sank by 54.86% to $288.0 million in 2026.
- The last three Free Cash Flow figures came in at $288.0 million (Q1 2026), $638.0 million (Q4 2025), and $933.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -70.73 Mn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 486.00 Mn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 1.36 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.46 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 772.00 Mn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -160.00 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 70.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 392.96 Mn |
| 10 | Plains All American Pipeline | 15.89 Bn | 15.72 Bn | 977.00 Mn | 288.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |