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

23.88 0.65 −2.65%
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

Plains All American Pipeline, L.P. (PAA) Free cash flow

Alert me on 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

Against its own ten years

Low −$716.0M High $2.6B
Ten-year median $2.1B
Current reading's percentile 73

Free cash flow against peers

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)

The full definition of Free cash flow →

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