Plains All American Pipeline (PAA) Return on Capital Employed (2009 - 2026)
Plains All American Pipeline (PAA) posted Return on Capital Employed of 6.09% for Q1 2026, up 2.76% on a QoQ basis from 5.92% in Q4 2025, and up 216.0% year-on-year from 1.93% in Q1 2025.
Plains All American Pipeline (PAA) Return on Capital Employed (2009 - 2026) Analysis & Trends
Plains All American Pipeline has disclosed Return on Capital Employed across 18 years of filings, most recently posting 6.09% for Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 6.09%, up 216.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.09% (up 216.0% YoY), and the FY2025 annual result was 6.12%, up 218.0% from the prior year.
- Return on Capital Employed came in at 6.09% for Q1 2026 at Plains All American Pipeline, up from 5.92% in the prior quarter.
- Over the last five years, Return on Capital Employed for PAA reached as high as 8.45% in Q3 2022 and fell as low as 2.94% in Q1 2022.
- Median Return on Capital Employed over the past 5 years was 5.14% (2024), compared with a mean of 5.25%.
- Year-over-year, Return on Capital Employed jumped 748 bps in 2022 and slumped 362 bps in 2023.
- Over 5 years, Return on Capital Employed stood at 5.93% in 2022, then decreased by 6 bps to 5.58% in 2023, then slipped by 29 bps to 3.96% in 2024, then soared by 50 bps to 5.92% in 2025, then advanced by 3 bps to 6.09% in 2026.
- Per Business Quant, the three latest PAA Return on Capital Employed figures stand at 6.09% (Q1 2026), 5.92% (Q4 2025), and 4.77% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 5.26% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 7.42% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 11.93% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 7.59% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 3.63% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 14.56% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 9.98% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 22.68% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 10.22% |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 6.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.09% |
| Dec 31, 2025 | 5.92% |
| Sep 30, 2025 | 4.77% |
| Jun 30, 2025 | 3.46% |
| Mar 31, 2025 | 3.92% |
| Dec 31, 2024 | 3.96% |
| Sep 30, 2024 | 4.77% |
| Jun 30, 2024 | 4.98% |
| Mar 31, 2024 | 5.14% |
| Dec 31, 2023 | 5.58% |
| Sep 30, 2023 | 4.82% |
| Jun 30, 2023 | 6.39% |
| Mar 31, 2023 | 6.60% |
| Dec 31, 2022 | 5.93% |
| Sep 30, 2022 | 8.45% |
| Jun 30, 2022 | 5.53% |
| Mar 31, 2022 | 2.94% |
| Dec 31, 2021 | 4.22% |
| Sep 30, 2021 | 0.96% |
| Jun 30, 2021 | 2.49% |