Plains All American Pipeline (PAA) Interest Coverage Ratio (2009 - 2026)
Plains All American Pipeline (PAA) posted quarterly Interest Coverage Ratio of 2.21 for Q1 2026, down 20.43% year-over-year from 2.78 in Q1 2025, and down 24.57% quarter-over-quarter from 2.93 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.
- In Q1 2026, Interest Coverage Ratio fell 20.43% year-over-year to 2.21; the TTM figure through Mar 2026 stood at 2.59 (up 53.23% YoY), while the FY2025 annual figure was 2.59, up 28.23% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 2.21, down from 2.93 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 6.32 in Q3 2022, with the low at 0.38 in Q4 2022.
- The 5-year median for Interest Coverage Ratio is 2.78 (2025), against an average of 2.8.
- The sharpest annual moves came in 2022 and 2025: Interest Coverage Ratio plunged 110.15% in 2022, then surged 3052.22% in 2025.
- Plains All American Pipeline's Interest Coverage Ratio stood at 0.38 in 2022, then soared by 574.23% to 1.8 in 2023, then plunged by 105.51% to 0.1 in 2024, then soared by 3052.22% to 2.93 in 2025, then dropped by 24.57% to 2.21 in 2026.
- Business Quant data shows PAA's Interest Coverage Ratio at 2.21 in Q1 2026, 2.93 in Q4 2025, and 3.59 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 5.26 |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 2.09 |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 2.31 |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 3.83 |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | 0.31 |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 3.67 |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 4.28 |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 1.29 |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 1.41 |
| 10 | Plains All American Pipeline | 16.81 Bn | 15.75 Bn | 1.14 Bn | 2.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.60 |
| Mar 31, 2026 | 2.21 |
| Dec 31, 2025 | 2.93 |
| 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 | 1.80 |
| 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 | 3.74 |
| Sep 30, 2021 | -0.36 |