Plains All American Pipeline LP (PAA) — Capital Reinvestment Ratio
Plains All American Pipeline LP (PAA) has a Capital Reinvestment Ratio of 0.31x as of March 2026, meaning it reinvests 0% of its operating cash flow ($418.00 Million) in capital expenditures ($130.00 Million). See Plains All American Pipeline LP balance sheet quality to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Plains All American Pipeline LP Capital Reinvestment Ratio (1998–2025)
This chart tracks Plains All American Pipeline LP's Capital Reinvestment Ratio across 24 annual periods. Check PAA cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Plains All American Pipeline LP (1998–2025)
Year-by-year Capital Reinvestment Ratio for Plains All American Pipeline LP from 1998 to 2025. For live market cap and broader valuation context, see PAA stock market capitalisation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.22x | $2.94 Billion | $643.00 Million | ▼ -11.9% |
| 2024 | 0.25x | $2.49 Billion | $619.00 Million | ▲ +21.3% |
| 2023 | 0.20x | $2.73 Billion | $559.00 Million | ▲ +8.5% |
| 2022 | 0.19x | $2.41 Billion | $455.00 Million | ▲ +12.2% |
| 2021 | 0.17x | $2.00 Billion | $336.00 Million | ▼ -65.5% |
| 2020 | 0.49x | $1.51 Billion | $738.00 Million | ▲ +3.4% |
| 2019 | 0.47x | $2.50 Billion | $1.18 Billion | ▼ -24.7% |
| 2018 | 0.63x | $2.61 Billion | $1.63 Billion | ▲ +52.9% |
| 2017 | 0.41x | $2.50 Billion | $1.02 Billion | ▼ -77.7% |
| 2016 | 1.84x | $726.00 Million | $1.33 Billion | ▲ +18.8% |
| 2015 | 1.55x | $1.34 Billion | $2.08 Billion | ▲ +60.5% |
| 2014 | 0.96x | $2.00 Billion | $1.93 Billion | ▲ +16.8% |
| 2013 | 0.83x | $1.95 Billion | $1.61 Billion | ▼ -15.0% |
| 2012 | 0.97x | $1.24 Billion | $1.20 Billion | ▲ +249.5% |
| 2011 | 0.28x | $2.37 Billion | $657.00 Million | ▼ -84.0% |
| 2010 | 1.74x | $259.00 Million | $451.00 Million | ▲ +35.5% |
| 2009 | 1.28x | $365.00 Million | $469.00 Million | ▲ +87.0% |
| 2008 | 0.69x | $857.00 Million | $589.00 Million | ▼ -0.2% |
| 2007 | 0.69x | $796.00 Million | $548.00 Million | ▼ -89.9% |
| 2005 | 6.81x | $24.10 Million | $164.10 Million | ▲ +505.4% |
| 2004 | 1.12x | $103.97 Million | $116.94 Million | ▲ +17.8% |
| 2003 | 0.95x | $68.52 Million | $65.42 Million | ▲ +309.0% |
| 2002 | 0.23x | $173.89 Million | $40.59 Million | ▼ -32.4% |
| 1998 | 0.35x | $8.40 Million | $2.90 Million | — |