Plains All American Pipeline Lp annual free cash flow
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2025
Plains All American Pipeline Lp Free Cash Flow (FCF) History (PAA)
Plains All American Pipeline Lp reported $2.29B in free cash flow for fiscal 2025, an increase of 12.29% from the previous fiscal year, with a free cash flow margin of 5.18%.
View full Plains All American Pipeline Lp company overviewPlains All American Pipeline Lp free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.29B | $251.0M | +12.29% | +5.18% |
| 2024 | 2024-12-31 | $2.04B | −$277.0M | −11.94% | +4.18% |
| 2023 | 2023-12-31 | $2.32B | $366.0M | +18.74% | +4.90% |
| 2022 | 2022-12-31 | $1.95B | $293.0M | +17.65% | +3.41% |
| 2021 | 2021-12-31 | $1.66B | $884.0M | +113.92% | +3.95% |
| 2020 | 2020-12-31 | $776.0M | −$547.0M | −41.35% | +3.33% |
| 2019 | 2019-12-31 | $1.32B | $349.0M | +35.83% | +3.93% |
| 2018 | 2018-12-31 | $974.0M | −$501.0M | −33.97% | +2.86% |
| 2017 | 2017-12-31 | $1.48B | $2.08B | — | +5.62% |
| 2016 | 2016-12-31 | −$601.0M | $120.0M | — | −2.98% |
| 2015 | 2015-12-31 | −$721.0M | −$793.0M | — | −3.11% |
| 2014 | 2014-12-31 | $72.0M | −$269.0M | −78.89% | +0.17% |
| 2013 | 2013-12-31 | $341.0M | $305.0M | +847.22% | +0.81% |
| 2012 | 2012-12-31 | $36.0M | −$1.69B | −97.92% | +0.10% |
| 2011 | 2011-12-31 | $1.73B | $1.92B | — | +5.05% |
| 2010 | 2010-12-31 | −$192.0M | −$97.0M | — | −0.74% |
| 2009 | 2009-12-31 | −$95.0M | −$363.0M | — | −0.51% |
| 2008 | 2008-12-31 | $268.0M | $20.0M | +8.06% | +0.89% |
| 2007 | 2007-12-31 | $248.0M | — | — | +1.22% |
Plains All American Pipeline Lp quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $817.0M | $293.0M | +55.92% | +4.62% |
| Q1 2026 | 2026-03-31 | $288.0M | −$211.0M | −42.28% | +2.31% |
| Q4 2025 | 2025-12-31 | $638.0M | $17.0M | +2.74% | +6.04% |
| Q3 2025 | 2025-09-30 | $632.0M | $50.0M | +8.59% | +5.46% |
| Q2 2025 | 2025-06-30 | $524.0M | −$53.0M | −9.19% | +4.92% |
| Q1 2025 | 2025-03-31 | $499.0M | $237.0M | +90.46% | +4.35% |
| Q4 2024 | 2024-12-31 | $621.0M | −$386.0M | −38.33% | +5.16% |
| Q3 2024 | 2024-09-30 | $582.0M | $634.0M | — | +4.67% |
| Q2 2024 | 2024-06-30 | $577.0M | −$166.0M | −22.34% | +4.52% |
| Q1 2024 | 2024-03-31 | $262.0M | −$359.0M | −57.81% | +2.25% |
| Q4 2023 | 2023-12-31 | $1.01B | $816.0M | +427.23% | +8.89% |
| Q3 2023 | 2023-09-30 | −$52.0M | −$872.0M | — | −0.43% |
| Q2 2023 | 2023-06-30 | $743.0M | $40.0M | +5.69% | +6.40% |
| Q1 2023 | 2023-03-31 | $621.0M | $382.0M | +159.83% | +5.03% |
| Q4 2022 | 2022-12-31 | $191.0M | −$365.0M | −65.65% | +1.47% |
| Q3 2022 | 2022-09-30 | $820.0M | $560.0M | +215.38% | +5.72% |
| Q2 2022 | 2022-06-30 | $703.0M | $553.0M | +368.67% | +4.30% |
| Q1 2022 | 2022-03-31 | $239.0M | −$455.0M | −65.56% | +1.75% |
| Q4 2021 | 2021-12-31 | $556.0M | $430.0M | +341.27% | +4.28% |
| Q3 2021 | 2021-09-30 | $260.0M | $112.0M | +75.68% | +2.41% |
| Q2 2021 | 2021-06-30 | $150.0M | $293.0M | — | +1.51% |
| Q1 2021 | 2021-03-31 | $694.0M | $49.0M | +7.60% | +8.28% |
| Q4 2020 | 2020-12-31 | $126.0M | −$338.0M | −72.84% | +2.11% |
| Q3 2020 | 2020-09-30 | $148.0M | $111.0M | +300.00% | +2.54% |
| Q2 2020 | 2020-06-30 | −$143.0M | −$212.0M | — | −4.43% |
| Q1 2020 | 2020-03-31 | $645.0M | −$108.0M | −14.34% | +7.80% |
| Q4 2019 | 2019-12-31 | $464.0M | −$400.0M | −46.30% | +5.07% |
| Q3 2019 | 2019-09-30 | $37.0M | $218.0M | — | +0.47% |
| Q2 2019 | 2019-06-30 | $69.0M | $33.0M | +91.67% | +0.84% |
| Q1 2019 | 2019-03-31 | $753.0M | $498.0M | +195.29% | +8.99% |
| Q4 2018 | 2018-12-31 | $864.0M | $529.0M | +157.91% | +9.83% |
| Q3 2018 | 2018-09-30 | −$181.0M | −$409.0M | — | −2.06% |
| Q2 2018 | 2018-06-30 | $36.0M | −$335.0M | −90.30% | +0.45% |
| Q1 2018 | 2018-03-31 | $255.0M | −$286.0M | −52.87% | +3.04% |
| Q4 2017 | 2017-12-31 | $335.0M | $548.0M | — | +4.40% |
| Q3 2017 | 2017-09-30 | $228.0M | $304.0M | — | +3.88% |
| Q2 2017 | 2017-06-30 | $371.0M | $946.0M | — | +6.10% |
| Q1 2017 | 2017-03-31 | $541.0M | $278.0M | +105.70% | +8.11% |
| Q4 2016 | 2016-12-31 | −$213.0M | $113.0M | — | −3.58% |
| Q3 2016 | 2016-09-30 | −$76.0M | −$52.0M | — | −1.47% |
| Q2 2016 | 2016-06-30 | −$575.0M | $87.0M | — | −11.62% |
| Q1 2016 | 2016-03-31 | $263.0M | −$28.0M | −9.62% | +6.40% |
| Q4 2015 | 2015-12-31 | −$326.0M | −$544.0M | — | −6.53% |
| Q3 2015 | 2015-09-30 | −$24.0M | $167.0M | — | −0.43% |
| Q2 2015 | 2015-06-30 | −$662.0M | −$353.0M | — | −9.94% |
| Q1 2015 | 2015-03-31 | $291.0M | −$63.0M | −17.80% | +4.90% |
| Q4 2014 | 2014-12-31 | $218.0M | $254.0M | — | +2.30% |
| Q3 2014 | 2014-09-30 | −$191.0M | −$16.0M | — | −1.72% |
| Q2 2014 | 2014-06-30 | −$309.0M | −$245.0M | — | −2.76% |
| Q1 2014 | 2014-03-31 | $354.0M | −$262.0M | −42.53% | +3.03% |
| Q4 2013 | 2013-12-31 | −$36.0M | −$44.0M | — | −0.34% |
| Q3 2013 | 2013-09-30 | −$175.0M | −$399.0M | — | −1.64% |
| Q2 2013 | 2013-06-30 | −$64.0M | $186.0M | — | −0.62% |
| Q1 2013 | 2013-03-31 | $616.0M | $562.0M | +1040.74% | +5.80% |
| Q4 2012 | 2012-12-31 | $8.0M | −$419.0M | −98.13% | +0.08% |
| Q3 2012 | 2012-09-30 | $224.0M | −$394.0M | −63.75% | +2.39% |
| Q2 2012 | 2012-06-30 | −$250.0M | −$402.0M | — | −2.55% |
| Q1 2012 | 2012-03-31 | $54.0M | −$479.0M | −89.87% | +0.59% |
| Q4 2011 | 2011-12-31 | $427.0M | $759.0M | — | +4.81% |
| Q3 2011 | 2011-09-30 | $618.0M | $546.0M | +758.33% | +6.99% |
| Q2 2011 | 2011-06-30 | $152.0M | $371.0M | — | +1.72% |
| Q1 2011 | 2011-03-31 | $533.0M | $246.0M | +85.71% | +6.93% |
| Q4 2010 | 2010-12-31 | −$332.0M | −$244.0M | — | −4.59% |
| Q3 2010 | 2010-09-30 | $72.0M | $138.0M | — | +1.12% |
| Q2 2010 | 2010-06-30 | −$219.0M | $84.0M | — | −3.58% |
| Q1 2010 | 2010-03-31 | $287.0M | −$75.0M | −20.72% | +4.69% |
| Q4 2009 | 2009-12-31 | −$88.0M | — | — | −1.45% |
| Q3 2009 | 2009-09-30 | −$66.0M | $416.0M | — | −1.36% |
| Q2 2009 | 2009-06-30 | −$303.0M | — | — | −7.08% |
| Q1 2009 | 2009-03-31 | $362.0M | — | — | +10.96% |
| Q3 2008 | 2008-09-30 | −$482.0M | — | — | −5.44% |
Plains All American Pipeline Lp free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $776.0M to $2.29B, a compound annual growth rate of 24.20%. Plains All American Pipeline Lp's latest reported quarter, Q2 2026, generated $817.0M in free cash flow, an increase of 55.92% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Plains All American Pipeline Lp source filings ↗Community posts
Plains agrees to buy Powder River Basin assets for $585 million
Plains ($PAA) agreed to acquire Silver Creek’s Powder River Basin crude-oil infrastructure for $585 million in cash. The package includes approximately 600 miles of pipelines, 1.2 million barrels of storage and a 49% non-operated interest i ...
