PLAINS ALL AMERICAN PIPELINE LP (PAA) Free cash flow
- Free cash flow · 12 months (USD): Value $2.38B; Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value 4.54%; Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | $2.38B | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. $2.98B − $601.00M ≈ $2.38B |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | 4.54% | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. $2.38B ÷ $52.30B × 100 ≈ 4.54% |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $2.98B | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | 0.96× | Operating cash flow / net income. Period ending 2026-06-30. $2.98B ÷ $3.10B ≈ 0.96× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 2.98B USD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations |
| Capital spending | 601.00M USD | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | 2.38B USD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 52.30B USD | |
| Quarter-end shares | (m) | |
| Net income | 3.10B USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $2.38B | (m) | $2.98B | $601.00M | (m) | $52.30B | (m) | $3.10B | (m) | (m) | 4.54% | 0.96× |
| 2026-03-31 | $2.08B | (m) | $2.71B | $633.00M | (m) | $45.26B | (m) | $1.48B | (m) | (m) | 4.60% | 1.84× |
| 2025-12-31 | $2.29B | (m) | $2.94B | $643.00M | (m) | $44.26B | (m) | $1.44B | (m) | (m) | 5.18% | 2.05× |
| 2025-09-30 | $2.10B | (m) | $2.88B | $772.00M | (m) | $46.92B | (m) | $1.13B | (m) | (m) | 4.49% | 2.55× |
| 2025-06-30 | $2.06B | (m) | $2.75B | $696.00M | (m) | $47.80B | (m) | $910.00M | (m) | (m) | 4.30% | 3.02× |
| 2025-03-31 | $2.06B | (m) | $2.71B | $653.00M | (m) | $50.09B | (m) | $949.00M | (m) | (m) | 4.11% | 2.86× |
| 2024-12-31 | $1.87B | (m) | $2.49B | $619.00M | (m) | $50.07B | (m) | $772.00M | (m) | (m) | 3.74% | 3.23× |
| 2024-09-30 | $2.17B | (m) | $2.77B | $608.00M | (m) | $50.37B | (m) | $1.05B | (m) | (m) | 4.30% | 2.65× |
| 2024-06-30 | $1.58B | (m) | $2.17B | $588.00M | (m) | $49.70B | (m) | $1.03B | (m) | (m) | 3.18% | 2.10× |
| 2024-03-31 | $1.81B | (m) | $2.40B | $594.00M | (m) | $48.37B | (m) | $1.07B | (m) | (m) | 3.74% | 2.24× |
| 2023-12-31 | $2.17B | (m) | $2.73B | $559.00M | (m) | $48.71B | (m) | $1.23B | (m) | (m) | 4.45% | 2.22× |
| 2023-09-30 | $1.50B | (m) | $2.05B | $547.00M | (m) | $48.97B | (m) | $1.18B | (m) | (m) | 3.07% | 1.74× |
| 2023-06-30 | $2.38B | (m) | $2.91B | $532.00M | (m) | $51.23B | (m) | $1.36B | (m) | (m) | 4.64% | 2.13× |
| 2023-03-31 | $2.33B | (m) | $2.81B | $476.00M | (m) | $55.99B | (m) | $1.27B | (m) | (m) | 4.17% | 2.21× |
| 2022-12-31 | $1.95B | (m) | $2.41B | $455.00M | (m) | $57.34B | (m) | $1.04B | (m) | (m) | 3.41% | 2.32× |
| 2022-09-30 | $2.32B | (m) | $2.71B | $391.00M | (m) | $57.38B | (m) | $1.22B | (m) | (m) | 4.04% | 2.21× |
| 2022-06-30 | $1.76B | (m) | $2.10B | $344.00M | (m) | $53.82B | (m) | $781.00M | (m) | (m) | 3.27% | 2.69× |
| 2022-03-31 | $1.21B | (m) | $1.54B | $340.00M | (m) | $47.39B | (m) | $358.00M | (m) | (m) | 2.54% | 4.32× |
| 2021-12-31 | $1.66B | (m) | $2.00B | $336.00M | (m) | $42.08B | (m) | $593.00M | (m) | (m) | 3.95% | 3.37× |
| 2021-09-30 | $1.23B | (m) | $1.62B | $389.00M | (m) | $35.05B | (m) | $115.00M | (m) | (m) | 3.51% | 14.08× |
| 2021-06-30 | $1.12B | (m) | $1.57B | $448.00M | (m) | $30.11B | (m) | $317.00M | (m) | (m) | 3.71% | 4.94× |
| 2021-03-31 | $825.00M | (m) | $1.42B | $590.00M | (m) | $23.40B | (m) | $679.00M | (m) | (m) | 3.53% | 2.08× |
| 2020-12-31 | $776.00M | (m) | $1.51B | $738.00M | (m) | $23.29B | (m) | $-2.59B | (m) | (m) | 3.33% | -0.58× |
| 2020-09-30 | $1.11B | (m) | $1.98B | $868.00M | (m) | $26.48B | (m) | $-2.26B | (m) | (m) | 4.21% | -0.88× |
| 2020-06-30 | $1.00B | (m) | $2.01B | $1.01B | (m) | $28.54B | (m) | $-1.95B | (m) | (m) | 3.51% | -1.03× |
| 2020-03-31 | $1.22B | (m) | $2.36B | $1.15B | (m) | $33.56B | (m) | $-1.65B | (m) | (m) | 3.62% | -1.43× |
| 2019-12-31 | $1.32B | (m) | $2.50B | $1.18B | (m) | $33.67B | (m) | $2.17B | (m) | (m) | 3.93% | 1.15× |
| 2019-09-30 | $1.72B | (m) | $3.09B | $1.37B | (m) | $33.30B | (m) | $2.98B | (m) | (m) | 5.17% | 1.04× |
| 2019-06-30 | $1.50B | (m) | $3.06B | $1.55B | (m) | $34.20B | (m) | $3.24B | (m) | (m) | 4.40% | 0.94× |
| 2019-03-31 | $1.47B | (m) | $3.12B | $1.65B | (m) | $34.03B | (m) | $2.90B | (m) | (m) | 4.33% | 1.08× |
| 2018-12-31 | $974.00M | (m) | $2.61B | $1.63B | (m) | $34.05B | (m) | $2.22B | (m) | (m) | 2.86% | 1.18× |
| 2018-09-30 | $445.00M | (m) | $1.88B | $1.43B | (m) | $32.87B | (m) | $1.29B | (m) | (m) | 1.35% | 1.45× |
| 2018-06-30 | $854.00M | (m) | $2.05B | $1.20B | (m) | $29.96B | (m) | $612.00M | (m) | (m) | 2.85% | 3.35× |
| 2018-03-31 | $1.19B | (m) | $2.20B | $1.01B | (m) | $27.95B | (m) | $700.00M | (m) | (m) | 4.25% | 3.15× |
| 2017-12-31 | $1.48B | (m) | $2.50B | $1.02B | (m) | $26.22B | (m) | $856.00M | (m) | (m) | 5.62% | 2.92× |
| 2017-09-30 | $914.00M | (m) | $2.00B | $1.08B | (m) | $24.57B | (m) | $792.00M | (m) | (m) | 3.72% | 2.52× |
| 2017-06-30 | $616.00M | (m) | $1.80B | $1.18B | (m) | $23.87B | (m) | $1.06B | (m) | (m) | 2.58% | 1.70× |
| 2017-03-31 | $-330.00M | (m) | $907.00M | $1.24B | (m) | $22.74B | (m) | $968.00M | (m) | (m) | -1.45% | 0.94× |
| 2016-12-31 | $-608.00M | (m) | $726.00M | $1.33B | (m) | $20.18B | (m) | $726.00M | (m) | (m) | -3.01% | 1.00× |
| 2016-09-30 | $-728.00M | (m) | $764.00M | $1.49B | (m) | $19.23B | (m) | $845.00M | (m) | (m) | -3.79% | 0.90× |
| 2016-06-30 | $-676.00M | (m) | $1.07B | $1.75B | (m) | $19.61B | (m) | $798.00M | (m) | (m) | -3.45% | 1.34× |
| 2016-03-31 | $-763.00M | (m) | $1.25B | $2.01B | (m) | $21.32B | (m) | $822.00M | (m) | (m) | -3.58% | 1.52× |
| 2015-12-31 | $-735.00M | (m) | $1.34B | $2.08B | (m) | $23.15B | (m) | $903.00M | (m) | (m) | -3.17% | 1.49× |
| 2015-09-30 | $-177.00M | (m) | $1.95B | $2.13B | (m) | $27.61B | (m) | $1.05B | (m) | (m) | -0.64% | 1.86× |
| 2015-06-30 | $-344.00M | (m) | $1.70B | $2.04B | (m) | $33.19B | (m) | $1.12B | (m) | (m) | -1.04% | 1.52× |
| 2015-03-31 | $9.00M | (m) | $1.91B | $1.91B | (m) | $37.72B | (m) | $1.28B | (m) | (m) | 0.02% | 1.49× |
| 2014-12-31 | $72.00M | (m) | $2.00B | $1.93B | (m) | $43.46B | (m) | $1.38B | (m) | (m) | 0.17% | 1.45× |
| 2014-09-30 | $-182.00M | (m) | $1.64B | $1.82B | (m) | $44.64B | (m) | $1.30B | (m) | (m) | -0.41% | 1.26× |
| 2014-06-30 | $-166.00M | (m) | $1.58B | $1.75B | (m) | $44.21B | (m) | $1.21B | (m) | (m) | -0.38% | 1.30× |
| 2014-03-31 | $79.00M | (m) | $1.80B | $1.72B | (m) | $43.31B | (m) | $1.22B | (m) | (m) | 0.18% | 1.48× |
| 2013-12-31 | $341.00M | (m) | $1.95B | $1.61B | (m) | $42.25B | (m) | $1.36B | (m) | (m) | 0.81% | 1.44× |
| 2013-09-30 | (m) | (m) | $1.95B | (m) | (m) | $41.06B | (m) | $1.37B | (m) | (m) | (m) | 1.42× |
| 2013-06-30 | (m) | (m) | $2.23B | (m) | (m) | $39.71B | (m) | $1.31B | (m) | (m) | (m) | 1.71× |
| 2013-03-31 | (m) | (m) | $1.90B | (m) | (m) | $39.20B | (m) | $1.39B | (m) | (m) | (m) | 1.37× |
| 2012-12-31 | $36.00M | (m) | $1.24B | $1.20B | (m) | $37.80B | (m) | $1.09B | (m) | (m) | 0.10% | 1.13× |
| 2012-09-30 | (m) | (m) | $1.49B | (m) | (m) | $37.24B | (m) | $1.05B | (m) | (m) | (m) | 1.42× |
| 2012-06-30 | (m) | (m) | $1.74B | (m) | (m) | $36.73B | (m) | $1.17B | (m) | (m) | (m) | 1.49× |
| 2011-12-31 | $1.73B | (m) | $2.37B | $635.00M | (m) | $34.27B | (m) | $966.00M | (m) | (m) | 5.05% | 2.45× |
| 2011-06-30 | (m) | (m) | $948.00M | (m) | (m) | $30.20B | (m) | $631.00M | (m) | (m) | (m) | 1.50× |
| 2011-03-31 | (m) | (m) | $522.00M | (m) | (m) | $27.46B | (m) | $536.00M | (m) | (m) | (m) | 0.97× |
| 2010-12-31 | (m) | (m) | $259.00M | (m) | (m) | $25.89B | (m) | $505.00M | (m) | (m) | (m) | 0.51× |
| 2010-09-30 | (m) | (m) | $481.00M | (m) | (m) | $24.74B | (m) | $473.00M | (m) | (m) | (m) | 1.02× |
| 2010-06-30 | (m) | (m) | $361.00M | (m) | (m) | $23.18B | (m) | $514.00M | (m) | (m) | (m) | 0.70× |
| 2010-03-31 | (m) | (m) | $278.00M | (m) | (m) | $21.34B | (m) | $519.00M | (m) | (m) | (m) | 0.54× |
| 2009-12-31 | (m) | (m) | $365.00M | (m) | (m) | $18.52B | (m) | $579.00M | (m) | (m) | (m) | 0.63× |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | (m) | $857.00M | (m) | (m) | $30.06B | (m) | $437.00M | (m) | (m) | (m) | 1.96× |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | (m) | (m) | $796.00M | (m) | (m) | $20.39B | (m) | $365.00M | (m) | (m) | (m) | 2.18× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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