Free cash flow
Plains All American Pipeline, L.P. Free cash flow decreased by 54.9% to $288.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 42.3%, from $499.00M to $288.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 8.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved operational efficiency or reduced capital intensity, providing more flexibility for capital allocation. A decrease may indicate higher investment in R&D or infrastructure, or potential challenges in converting earnings into cash.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
Large-cap medical device and pharmaceutical peers typically maintain strong, positive free cash flow, though levels vary based on the intensity of R&D spending and the lifecycle stage of major product lines.
free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $150.00M | $260.00M | $556.00M | $239.00M | $703.00M | $820.00M | $191.00M | $621.00M | $743.00M | $0.00 | $1.01B | $262.00M | $577.00M | $582.00M | $621.00M | $499.00M | $524.00M | $632.00M | $638.00M | $288.00M |
| QoQ Change | — | +73.3% | +113.8% | -57.0% | +194.1% | +16.6% | -76.7% | +225.1% | +19.6% | -100.0% | — | -74.0% | +120.2% | +0.9% | +6.7% | -19.6% | +5.0% | +20.6% | +0.9% | -54.9% |
| YoY Change | — | — | — | — | +368.7% | +215.4% | -65.6% | +159.8% | +5.7% | -100.0% | +427.2% | -57.8% | -22.3% | — | -38.3% | +90.5% | -9.2% | +8.6% | +2.7% | -42.3% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Plains All American Pipeline, L.P.'s free cash flow?
- Plains All American Pipeline, L.P. (PAA) reported free cash flow of $288.00M in Q1 2026.
- How has Plains All American Pipeline, L.P.'s free cash flow changed year-over-year?
- Plains All American Pipeline, L.P.'s free cash flow decreased by 42.3% year-over-year, from $499.00M to $288.00M.
- What is the long-term trend for Plains All American Pipeline, L.P.'s free cash flow?
- Over 4 years (2021 to 2025), Plains All American Pipeline, L.P.'s free cash flow has grown at a 8.4% compound annual growth rate (CAGR), from $1.66B to $2.29B.
- What does free cash flow mean?
- The cash remaining after a company pays for its operating expenses and capital investments.