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| 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 |