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

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

  • In Q1 2026, Interest Coverage Ratio fell 13.48% year-over-year to 2.43; the TTM figure through Mar 2026 stood at 2.5 (up 33.17% YoY), while the FY2025 annual figure was 2.59, up 28.23% from the prior year.
  • Interest Coverage Ratio was 2.43 for Q1 2026 at Plains All American Pipeline, up from 2.23 in the prior quarter.
  • In the past five years, Interest Coverage Ratio ranged from a high of 6.32 in Q3 2022 to a low of 0.38 in Q4 2022.
  • Historically, Interest Coverage Ratio has averaged 2.77 across 5 years, with a median of 2.74 in 2022.
  • The sharpest annual moves came in 2022 and 2024: Interest Coverage Ratio surged 1863.85% in 2022, then tumbled 107.93% in 2024.
  • A 5-year view of Interest Coverage Ratio shows it stood at 0.38 in 2022, then jumped by 574.23% to 1.8 in 2023, then sank 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.
  • The last three Interest Coverage Ratio figures came in at 2.43 (Q1 2026), 2.23 (Q4 2025), and 3.59 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 2.64
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 4.92
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn -
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 3.15
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -17.95
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 4.17
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn -
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 3.25
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 3.25
10 Plains All American Pipeline 15.89 Bn 15.72 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