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

Plains All American Pipeline, L.P.

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

Dividend growth 5 yrs

24.57 0.64 −2.54%

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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 Segments Valuation Filings

Plains All American Pipeline, L.P. (PAA) Price to free cash flow

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As of 5 November 2026, Plains All American Pipeline, L.P. (PAA) trades at a price to free cash flow of 7.1×. Over the past ten years it has ranged from 0.0× (December 2016) to 549× (April 2015); the current reading is higher than 73% of that period. That is below the Oil & Gas Midstream industry median of 8.5× and below the Energy sector median of 8.9×.

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<iframe src="https://stockrow.com/embed/PAA/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Plains All American Pipeline, L.P. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/PAA/metrics/price-to-free-cash-flow">Plains All American Pipeline, L.P. (PAA) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	5.3×	(8.81%)
FY2024	5.8×	44.55%
FY2023	4.0×	0.45%
FY2022	4.0×	52.83%
FY2021	2.6×	(47.13%)
FY2020	5.0×	(47.87%)
FY2019	9.5×	51.49%
FY2018	6.3×	5.63%
FY2017	6.0×	(97.91%)
FY2016	286×	—

Period	Price to free cash flow	Change
Jun 2026	6.4×	(11.59%)
Mar 2026	7.3×	36.85%
Dec 2025	5.3×	2.35%
Sep 2025	5.2×	(8.93%)
42 more quarters	Free account

Against its own ten years

Low 0.0× High 549×

Ten-year median 5.6×

Current reading's percentile 73

Company	Price to free cash flow
VG Venture Global, Inc. compare	n/m
PAGP Plains Group Holdings, L.P. compare	2.1×
FRO Frontline PLC compare	5.9×
PAA Plains All American Pipeline, L.P.	7.1×
CQP Cheniere Energy Partners, L.P. compare	9.7×
WES Western Midstream Partners, LP compare	14.1×
PBA Pembina Pipeline Corp. compare	17.5×
DTM DT Midstream, Inc. compare	21.7×
VNOM Viper Energy Inc. compare	74.5×
Oil & Gas Midstream industry median	8.5×
Energy sector median	8.9×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Plains All American Pipeline, L.P. (PAA) Price to free cash flow

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow against peers

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