Plains All American Pipeline (PAA) Interest Coverage Ratio (2009 - 2026)
Plains All American Pipeline's (PAA) Interest Coverage Ratio came in at 2.60 for Q2 2026, up 44.8% from 1.80 a year earlier and up 7.3% from the prior quarter.
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Analysis
Plains All American Pipeline (PAA) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Interest Coverage Ratio at Plains All American Pipeline was 2.67, up 67.4% year-over-year; for FY2025, it was 2.59, up 28.2% from FY2024.
- In prior years, Plains All American Pipeline's Interest Coverage Ratio was 2.02 in FY2024 (-38.1%), 3.26 in FY2023 (+2.2%), 3.19 in FY2022 (+59.3%) and 2.00 in FY2021.
- Quarterly Interest Coverage Ratio has run from a low of -0.38 in Q4 2022 to a high of 6.32 in Q3 2022 over five years.
- On a year-over-year basis, Interest Coverage Ratio increased in two of the last six quarters, with growth averaging 7.5%.
- The strongest year-over-year quarter for Interest Coverage Ratio in the past five years was Q3 2025, with growth of 106.7%; the weakest was Q3 2023, with a decline of 61.8%.
- According to Business Quant data, Interest Coverage Ratio for the three prior quarters was 2.43 (Q1 2026), 2.23 (Q4 2025) and 3.59 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 2.09 |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 5.86 |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 3.83 |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | - |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 6.23 |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | - |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 4.77 |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 3.67 |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 14.95 |
| 10 | Plains All American Pipeline | 17.31 Bn | 14.57 Bn | 1.14 Bn | 2.60 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.60 |
| 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 |
API Access
Plains All American Pipeline Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=PAA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "PAA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=PAA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();