Plains All American Pipeline (PAA) Interest Coverage Ratio (2009 - 2026)

Plains All American Pipeline (PAA) posted Interest Coverage Ratio of 2.43 for Q1 2026, up 8.62% on a QoQ basis from 2.23 in Q4 2025, and down 13.48% year-on-year from 2.8 in Q1 2025.

Plains All American Pipeline (PAA) Interest Coverage Ratio (2009 - 2026) Analysis & Trends

Plains All American Pipeline has disclosed Interest Coverage Ratio across 18 years of filings, most recently posting 2.43 for Q1 2026.

  • Interest Coverage Ratio for Q1 2026 came in at 2.43, down 13.48% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.5 (up 33.17% YoY), and the FY2025 annual result was 2.59, up 28.23% from the prior year.
  • Interest Coverage Ratio came in at 2.43 for Q1 2026 at Plains All American Pipeline, up from 2.23 in the prior quarter.
  • Over the last five years, Interest Coverage Ratio for PAA reached as high as 6.32 in Q3 2022 and fell as low as 0.38 in Q4 2022.
  • Median Interest Coverage Ratio over the past 5 years was 2.74 (2022), compared with a mean of 2.77.
  • Year-over-year, Interest Coverage Ratio soared 1863.85% in 2022 and slumped 107.93% in 2024.
  • Over 5 years, Interest Coverage Ratio stood at 0.38 in 2022, then jumped by 574.23% to 1.8 in 2023, then tumbled by 107.93% to 0.14 in 2024, then jumped by 1662.89% to 2.23 in 2025, then gained by 8.62% to 2.43 in 2026.
  • Per Business Quant, the three latest PAA Interest Coverage Ratio figures stand at 2.43 (Q1 2026), 2.23 (Q4 2025), and 3.59 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 2.64
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn -
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 4.92
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 3.15
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn -
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 4.17
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 3.25
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 1.99
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 2.59
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn 2.43

Historic Data

Download Data
DateValue
Mar 31, 2026 2.43
Dec 31, 2025 2.23
Sep 30, 2025 3.59
Jun 30, 2025 1.80
Mar 31, 2025 2.80
Dec 31, 2024 -0.14
Sep 30, 2024 1.73
Jun 30, 2024 2.99
Mar 31, 2024 3.75
Dec 31, 2023 1.80
Sep 30, 2023 2.41
Jun 30, 2023 3.98
Mar 31, 2023 4.83
Dec 31, 2022 -0.38
Sep 30, 2022 6.32
Jun 30, 2022 4.15
Mar 31, 2022 2.74
Dec 31, 2021 5.65
Sep 30, 2021 -0.36
Jun 30, 2021 -2.21