What is Plains All American Pipeline, L.P.'s capex?

Plains All American Pipeline, L.P. (PAA) reported capex of $130M in Q1 2026.

How has Plains All American Pipeline, L.P.'s capex changed year-over-year?

Plains All American Pipeline, L.P.'s capex decreased by 7.1% year-over-year, from $140M to $130M.

What is the long-term trend for Plains All American Pipeline, L.P.'s capex?

Over 4 years (2021 to 2025), Plains All American Pipeline, L.P.'s capex has grown at a 17.6% compound annual growth rate (CAGR), from $336M to $643M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Plains All American Pipeline, L.P. PAA CapEx

CapEx at other companies

Cabot CorporationCBT

$45M-37.5%

HES

Hess MidstreamHESM

$28.8M-36.7%

Warrior Met CoalHCC

$80.13M+17.0%

Travel + LeisureTNL

$19M-9.5%

MYR GroupMYRG

$16.13M+23.5%

US Physical TherapyUSPH

$5.37M+108%

Other financials

Income statement

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Revenue$12.5B+8.7%

Gross profit$977.0M+1.8%

Operating income$405.0M+13.8%

Net income$152.0M-65.7%

Balance sheet

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Cash & equivalents$171.0M-60.0%

Total debt$12.0B+26.8%

Total equity$12.8B-0.3%

Total assets$31.6B+16.9%

Cash flow

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Operating cash flow$418.0M-34.6%

Free cash flow$288.0M-42.3%

Valuation

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Market cap$16.47B+24.9%

Enterprise value$28.3B+28.2%

P/E14.4×-0.1×

P/S0.4×+0.1×

Profitability

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Gross margin8.5%+0.8pp

Operating margin3.3%+1.5pp

Net margin2.5%+0.6pp

FCF margin4.6%-0.1pp

Returns & leverage

See full

Return on equity8.9%+1.8pp

Debt / equity0.9×+0.2×

Current ratio0.9×-0.1×

Where this comes from

Reported directly by Plains All American Pipeline, L.P. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Plains All American Pipeline, L.P.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plains All American Pipeline, L.P.'s capex?: Plains All American Pipeline, L.P. (PAA) reported capex of $130M in Q1 2026.
How has Plains All American Pipeline, L.P.'s capex changed year-over-year?: Plains All American Pipeline, L.P.'s capex decreased by 7.1% year-over-year, from $140M to $130M.
What is the long-term trend for Plains All American Pipeline, L.P.'s capex?: Over 4 years (2021 to 2025), Plains All American Pipeline, L.P.'s capex has grown at a 17.6% compound annual growth rate (CAGR), from $336M to $643M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.