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Friday 6 November 2026 Export PAA’s income statement to Excel — free account

Plains All American Pipeline, L.P.

PAA Energy Oil & Gas Midstream

Plains All American Pipeline, L.P.’s revenue for fiscal 2025 (year ended December 2025) was $44.3 billion, down 9.46% from fiscal 2024.

Revenue
+66.3%
EPS
+1,095.2%
Free cash flow
+50.9%
Total debt
−2.74%

Quarter to June 2026, against a year earlier

23.84 0.69 −2.81%
Market cap
$17.3B
P/E
6.8×
Fwd P/E
7.2×
Dividend yield
6.80%
F-score
5/9
Altman Z
n/a
Beneish M
−2.94
Dividend safety
37/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Plains All American Pipeline, L.P. (PAA) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Plains All American Pipeline, L.P. (PAA) trades at a EV/FCF of 10.1×. Over the past ten years it has ranged from −354× (December 2016) to 795× (April 2015); the current reading is higher than 49% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 9.9× 5.85%
FY2024 9.4× 37.99%
FY2023 6.8× (15.22%)
FY2022 8.0× 31.81%
FY2021 6.1× (54.61%)
FY2020 13.4× (18.33%)
FY2019 16.4× 59.89%
FY2018 10.3× 4.42%
FY2017 9.8× (98.07%)
FY2016 509× —

Quarterly newest first

Period EV/FCF Change
Jun 2026 9.5× (24.05%)
Mar 2026 12.5× 25.56%
Dec 2025 9.9× 13.02%
Sep 2025 8.8× (6.13%)
42 more quarters

Against its own ten years

Low −354× High 795×
Ten-year median 10.2×
Current reading's percentile 44

EV/FCF against peers

Company EV/FCF
VG Venture Global, Inc. compare −9.7×
PAGP Plains Group Holdings, L.P. compare 5.2×
FRO Frontline PLC compare 7.2×
PAA Plains All American Pipeline, L.P. 10.1×
CQP Cheniere Energy Partners, L.P. compare 14.4×
WES Western Midstream Partners, LP compare 21.8×
PBA Pembina Pipeline Corp. compare 23.5×
DTM DT Midstream, Inc. compare 27.4×
VNOM Viper Energy Inc. compare 101×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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