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| Date | Value |
|---|---|
| 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 |