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
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Plains All American Pipeline, L.P. (PAA) Free cash flow
Plains All American Pipeline, L.P.'s free cash flow for fiscal 2025 was $2.4B, up 15.6% from $2.1B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.4B. Over the past ten years it has ranged from −$716.0M (fiscal 2015) to $2.6B (fiscal 2023); the current reading is higher than 73% of that period. Plains All American Pipeline, L.P. ranks 10th of 56 Oil & Gas Midstream companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $2.4B | 15.64% |
| FY2024 | $2.1B | (22.44%) |
| FY2023 | $2.6B | 31.50% |
| FY2022 | $2.0B | (20.78%) |
| FY2021 | $2.5B | 110.87% |
| FY2020 | $1.2B | (13.93%) |
| FY2019 | $1.4B | (39.34%) |
| FY2018 | $2.3B | (9.77%) |
| FY2017 | $2.6B | 4,726.42% |
| FY2016 | $53.0M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $818.0M | 181.10% |
| Mar 2026 | $291.0M | (57.95%) |
| Dec 2025 | $692.0M | 8.46% |
| Sep 2025 | $638.0M | 17.71% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| CQP Cheniere Energy Partners, L.P. compare | $2.9B |
| PAA Plains All American Pipeline, L.P. | $2.4B |
| PAGP Plains Group Holdings, L.P. compare | $2.4B |
| WES Western Midstream Partners, LP compare | $2.1B |
| FRO Frontline PLC compare | $1.7B |
| PBA Pembina Pipeline Corp. compare | $1.6B |
| DTM DT Midstream, Inc. compare | $533.0M |
| VNOM Viper Energy Inc. compare | $104.0M |
| VG Venture Global, Inc. compare | −$7.0B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on PAA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement