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

Plains All American Pipeline's (PAA) quarterly Interest Coverage Ratio came in at 2.21 in Q1 2026, down 20.43% year-on-year from 2.78 in Q1 2025, and down 16.46% quarter-over-quarter from 2.65 in Q4 2025.

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

Plains All American Pipeline's Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 2.21 for Q1 2026.

  • On a quarterly basis, Interest Coverage Ratio fell 20.43% year-over-year to 2.21 in Q1 2026; TTM through Mar 2026 was 2.54, a 49.82% increase from a year earlier, with the FY2025 full-year figure at 2.59, up 28.23% from the prior year.
  • Interest Coverage Ratio slipped to 2.21 in Q1 2026 per PAA's latest filing, from 2.65 in the prior quarter.
  • Across five years, Interest Coverage Ratio topped out at 6.32 in Q3 2022 and bottomed at 0.38 in Q4 2022.
  • The 5-year median for Interest Coverage Ratio is 2.74 (2022), against an average of 2.79.
  • Across the five-year window, Interest Coverage Ratio slumped 106.72% in 2022 and jumped 2765.81% in 2025, its largest moves.
  • Year by year, Interest Coverage Ratio stood at 0.38 in 2022, then surged by 623.29% to 1.99 in 2023, then sank by 105.0% to 0.1 in 2024, then surged by 2765.81% to 2.65 in 2025, then retreated by 16.46% to 2.21 in 2026.
  • Per Business Quant, the three latest PAA Interest Coverage Ratio figures stand at 2.21 (Q1 2026), 2.65 (Q4 2025), and 3.59 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 29.67
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -4.16
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 5.26
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 2.64
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 2.88
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 0.70
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 3.15
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 2.21
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 3.25
10 Plains All American Pipeline 17.42 Bn 17.25 Bn 977.00 Mn 2.21

Historic Data

Download Data
DateValue
Mar 31, 2026 2.21
Dec 31, 2025 2.65
Sep 30, 2025 3.59
Jun 30, 2025 1.80
Mar 31, 2025 2.78
Dec 31, 2024 -0.10
Sep 30, 2024 1.73
Jun 30, 2024 2.99
Mar 31, 2024 3.75
Dec 31, 2023 1.99
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