Plains All American Pipeline LP (PAA) — Cash Flow Reinvestment Rate
Plains All American Pipeline LP (PAA) has a Cash Flow Reinvestment Rate of 0.31x as of March 2026, reinvesting $130.00 Million (capex $130.00 Million ) from operating cash flow of $418.00 Million. See PAA free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Plains All American Pipeline LP Cash Flow Reinvestment Rate (1998–2025)
Historical reinvestment intensity for Plains All American Pipeline LP across 24 annual periods. For the full cash flow conversion analysis, see Plains All American Pipeline LP cash flow conversion.
Annual Cash Flow Reinvestment Rate for Plains All American Pipeline LP (1998–2025)
Year-by-year capital reinvestment analysis for Plains All American Pipeline LP. See PAA financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.22x | $643.00 Million | $2.94 Billion | $643.00 Million | ▼ -74.3% |
| 2024 | 0.85x | $2.12 Billion | $2.49 Billion | $619.00 Million | ▲ +87.8% |
| 2023 | 0.45x | $1.24 Billion | $2.73 Billion | $559.00 Million | ▲ +11.4% |
| 2022 | 0.41x | $981.00 Million | $2.41 Billion | $455.00 Million | ▲ +89.1% |
| 2021 | 0.22x | $430.00 Million | $2.00 Billion | $336.00 Million | ▼ -82.2% |
| 2020 | 1.21x | $1.83 Billion | $1.51 Billion | $738.00 Million | ▲ +2.8% |
| 2019 | 1.18x | $2.95 Billion | $2.50 Billion | $1.18 Billion | ▲ +86.6% |
| 2018 | 0.63x | $1.64 Billion | $2.61 Billion | $1.63 Billion | ▲ +50.7% |
| 2017 | 0.42x | $1.04 Billion | $2.50 Billion | $1.02 Billion | ▼ -88.4% |
| 2016 | 3.59x | $2.61 Billion | $726.00 Million | $1.33 Billion | ▲ +107.0% |
| 2015 | 1.74x | $2.33 Billion | $1.34 Billion | $2.08 Billion | ▲ +9.4% |
| 2014 | 1.59x | $3.18 Billion | $2.00 Billion | $1.93 Billion | ▲ +77.5% |
| 2013 | 0.89x | $1.75 Billion | $1.95 Billion | $1.61 Billion | ▼ -9.3% |
| 2012 | 0.98x | $1.22 Billion | $1.24 Billion | $1.20 Billion | ▲ +254.5% |
| 2011 | 0.28x | $657.00 Million | $2.37 Billion | $657.00 Million | ▼ -90.0% |
| 2010 | 2.78x | $719.00 Million | $259.00 Million | $451.00 Million | ▲ +106.4% |
| 2009 | 1.35x | $491.00 Million | $365.00 Million | $469.00 Million | ▲ +95.7% |
| 2008 | 0.69x | $589.00 Million | $857.00 Million | $589.00 Million | ▼ -0.2% |
| 2007 | 0.69x | $548.00 Million | $796.00 Million | $548.00 Million | ▼ -89.9% |
| 2005 | 6.81x | $164.10 Million | $24.10 Million | $164.10 Million | ▲ +505.4% |
| 2004 | 1.12x | $116.94 Million | $103.97 Million | $116.94 Million | ▲ +17.8% |
| 2003 | 0.95x | $65.42 Million | $68.52 Million | $65.42 Million | ▲ +309.0% |
| 2002 | 0.23x | $40.59 Million | $173.89 Million | $40.59 Million | ▼ -32.4% |
| 1998 | 0.35x | $2.90 Million | $8.40 Million | $2.90 Million | — |