Plains GP Holdings, L.P.(PAGP)Earnings, Financials & Key Ratios

PAGP•NASDAQ

$23.63

$4.68B mkt cap·45.4× P/E·Price updated May 7, 2026

SectorEnergy IndustryMidstream Oil & Gas Sub-IndustryCrude Oil Pipelines and Terminals

AboutPlains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream energy infrastructure in the United States and Canada. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the transportation of crude oil and NGLs on pipelines, gathering systems, and trucks. As of December 31, 2021, this segment owned and leased assets comprising 18,300 miles of crude oil and NGL pipelines and gathering systems; 38 million barrels of above-ground tank capacity; and 1,275 trailers. It engages in the provision of storage, terminalling, and throughput services primarily for crude oil, NGLs, and natural gas; NGL fractionation and isomerization services; and natural gas and condensate processing services. As of December 31, 2021, this segment owned and operated approximately 74 million barrels of crude oil storage capacity; 28 million barrels of NGL storage capacity; four natural gas processing plants; a condensate processing facility; nine fractionation plants; 16 NGL rail terminals; four marine facilities; and 110 miles of pipelines. As of December 31, 2021, this segment owned 15 million barrels of crude oil and 2 NGL linefill; 3 million barrels of crude oil and 1 NGL linefill in pipelines owned by third parties and other inventory; 640 trucks and 1,275 trailers; and 3,900 NGL railcars. The company offers logistics services to producers, refiners, and other customers. PAA GP Holdings LLC operates as a general partner of the company. Plains GP Holdings, L.P. was incorporated in 2013 and is headquartered in Houston, Texas.Show more

Revenue$50.07B+2.8%
EBITDA$2.2B-13.9%
Net Income$103M-48.0%
EPS (Diluted)0.52-49.0%
Gross Margin6.96%+8.4%
EBITDA Margin4.39%-16.2%
Operating Margin2.34%-24.0%
Net Margin0.21%-49.4%
ROE0.7%-47.4%
ROIC3.96%-19.9%
Debt/Equity0.55+3.4%
Interest Coverage3.07-21.1%

Technical→

PAGP Key Insights

Plains GP Holdings, L.P. (PAGP) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 5.4%
✓Trading near 52-week high
✓Trading at only 0.3x book value
✓Efficient asset utilization: 1.8x turnover

✗Weaknesses

✗Weak 3Y average ROE of 1.1%
✗Profits declining 20.8% over 5 years
✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

PAGP Price & Volume

Plains GP Holdings, L.P. (PAGP) stock price & volume — 10-year historical chart

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PAGP Growth Metrics

Plains GP Holdings, L.P. (PAGP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.43%

5 Years8.26%

3 Years5.97%

TTM-11.29%

Profit CAGR

10 Years3.94%

5 Years-20.82%

3 Years19.74%

TTM423.3%

EPS CAGR

10 Years-8.4%

5 Years-46.74%

3 Years18.82%

TTM180.43%

Return on Capital

10 Years4.53%

5 Years2.08%

3 Years5.64%

Last Year5.05%

PAGP Recent Earnings

Plains GP Holdings, L.P. (PAGP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 3/12 qtrs (25%)●Beat Revenue 3/12 qtrs (25%)

Q1 2026Latest

Feb 6, 2026

EPS

$0.17

Est $0.50

-66.0%

Revenue

$10.6B

Est $13.0B

-18.9%

Q4 2025

Nov 5, 2025

EPS

$0.31

Est $0.42

-26.2%

Revenue

$11.6B

Est $13.3B

-12.8%

Q3 2025

Aug 8, 2025

EPS

$0.05

Est $0.44

-88.6%

Revenue

$10.6B

Est $13.5B

-21.1%

Q2 2025

May 9, 2025

EPS

$0.42

Est $0.41

+2.4%

Revenue

$12.0B

Est $13.0B

-7.5%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 6, 2026	$0.17vs $0.50-66.0%	$10.6Bvs $13.0B-18.9%
Q4 2025	Nov 5, 2025	$0.31vs $0.42-26.2%	$11.6Bvs $13.3B-12.8%
Q3 2025	Aug 8, 2025	$0.05vs $0.44-88.6%	$10.6Bvs $13.5B-21.1%
Q2 2025	May 9, 2025	$0.42vs $0.41+2.4%	$12.0Bvs $13.0B-7.5%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
PAAPlains All American Pipeline, L.P.Direct Competitor	15.58B	22.09	30.26	2.79%	3.24%	6.27%	0.61
EPDEnterprise Products Partners L.P.Direct Competitor	81.56B	37.73	14.18	-6.44%	11.03%	19.29%	1.14
ETEnergy Transfer LPDirect Competitor	68.53B	19.92	14.76	-0.05%	6.21%	11.56%	1.45
MPLXMPLX LpDirect Competitor	57.12B	56.26	11.67	8.37%	37.54%	32.81%	1.80
WESWestern Midstream Partners, LPDirect Competitor	17.67B	43.30	14.43	6.61%	29.9%	33.46%	2.14
KMIKinder Morgan, Inc.Product Competitor	70.1B	31.51	23	12.45%	18.92%	10.27%	1.00
OKEONEOK, Inc.Product Competitor	54.1B	85.87	15.84	55.42%	10.04%	15.86%	1.45
TRGPTarga Resources Corp.Product Competitor	54.26B	252.44	29.63	3.06%	12.98%	70.77%	5.49

Compare PAGP vs Peers

Plains GP Holdings, L.P. (PAGP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PAA

Most directly comparable listed peer for PAGP.

Scale Benchmark

vs CVX

Larger-name benchmark to compare PAGP against a more recognizable public peer.

Peer Set

Compare Top 5

vs PAA, EPD, ET, MPLX

PAGP Income Statement

Plains GP Holdings, L.P. (PAGP) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	20.18B	26.22B	34.05B	33.67B	23.29B	42.08B	57.34B	48.71B	50.07B	44.26B
Revenue Growth %	-12.83%	29.93%	29.87%	-1.13%	-30.83%	80.67%	36.28%	-15.05%	2.79%	-11.29%
Cost of Goods Sold	17.73B	23.61B	30.31B	30.06B	21.09B	39.28B	54.14B	45.58B	46.59B	31.89B
COGS % of Revenue	87.84%	90.05%	89.01%	89.27%	90.54%	93.35%	94.42%	93.57%	93.04%	-
Gross Profit	2.45B▲ 0%	2.61B▲ 6.4%	3.74B▲ 43.3%	3.61B▼ 3.4%	2.2B▼ 39.0%	2.8B▲ 27.0%	3.2B▲ 14.3%	3.13B▼ 2.1%	3.49B▲ 11.4%	2.34B▲ 0%
Gross Margin %	12.16%	9.95%	10.99%	10.73%	9.46%	6.65%	5.58%	6.43%	6.96%	5.29%
Gross Profit Growth %	-18.01%	6.36%	43.33%	-3.42%	-39.03%	26.96%	14.34%	-2.13%	11.41%	-
Operating Expenses	1.46B	1.46B	1.58B	1.63B	4.59B	1.96B	1.91B	1.63B	2.31B	1.18B
OpEx % of Revenue	7.25%	5.58%	4.65%	4.85%	19.69%	4.65%	3.34%	3.34%	4.62%	-
Selling, General & Admin	282M	280M	320M	302M	276M	298M	330M	356M	387M	361M
SG&A % of Revenue	1.4%	1.07%	0.94%	0.9%	1.19%	0.71%	0.58%	0.73%	0.77%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	33M	-31M	-7M	1.33B	4.31B	1.66B	1.58B	1.27B	1.93B	3M
Operating Income	990M▲ 0%	1.15B▲ 15.9%	2.27B▲ 98.1%	1.98B▼ 12.9%	-2.38B▼ 220.4%	842M▲ 135.3%	1.28B▲ 52.5%	1.5B▲ 16.9%	1.17B▼ 21.9%	1.43B▲ 0%
Operating Margin %	4.91%	4.37%	6.67%	5.88%	-10.23%	2%	2.24%	3.08%	2.34%	3.24%
Operating Income Growth %	-21.3%	15.86%	98.08%	-12.85%	-220.35%	135.33%	52.49%	16.9%	-21.92%	-
EBITDA	1.45B	1.66B	2.79B	2.58B	-1.73B	1.62B	2.25B	2.55B	2.2B	2.36B
EBITDA Margin %	7.2%	6.34%	8.2%	7.67%	-7.42%	3.85%	3.93%	5.24%	4.39%	5.33%
EBITDA Growth %	-14.02%	14.37%	67.95%	-7.48%	-166.83%	193.75%	39.1%	13.32%	-13.87%	12.64%
D&A (Non-Cash Add-back)	464M	516M	521M	604M	656M	777M	968M	1.05B	1.03B	927M
EBIT	1.2B	1.39B	2.84B	2.66B	-2.17B	1.14B	1.81B	2B	1.66B	1.58B
Net Interest Income	-480M	-510M	-431M	-425M	-436M	-425M	-405M	-386M	-360M	-324M
Interest Income	0	0	0	0	0	0	0	0	22M	5M
Interest Expense	480M	510M	431M	425M	436M	425M	405M	386M	382M	170M
Other Income/Expense	-252M	-251M	137M	258M	-224M	-130M	125M	113M	102M	-33M
Pretax Income	738M▲ 0%	896M▲ 21.4%	2.41B▲ 168.9%	2.24B▼ 7.1%	-2.61B▼ 216.5%	712M▲ 127.3%	1.41B▲ 97.9%	1.61B▲ 14.5%	1.27B▼ 21.1%	1.4B▲ 0%
Pretax Margin %	3.66%	3.42%	7.07%	6.65%	-11.19%	1.69%	2.46%	3.31%	2.54%	3.17%
Income Tax	78M	937M	302M	176M	-167M	112M	246M	189M	204M	129M
Effective Tax Rate %	10.57%	104.58%	12.54%	7.86%	6.41%	15.73%	17.46%	11.71%	16.01%	9.21%
Net Income	94M▲ 0%	-731M▼ 877.7%	334M▲ 145.7%	331M▼ 0.9%	-568M▼ 271.6%	60M▲ 110.6%	168M▲ 180.0%	198M▲ 17.9%	103M▼ 48.0%	539M▲ 0%
Net Margin %	0.47%	-2.79%	0.98%	0.98%	-2.44%	0.14%	0.29%	0.41%	0.21%	1.22%
Net Income Growth %	-20.34%	-877.66%	145.69%	-0.9%	-271.6%	110.56%	180%	17.86%	-47.98%	423.3%
Net Income (Continuing)	660M	-41M	2.11B	2.06B	-2.44B	600M	1.16B	1.43B	1.07B	1.13B
Discontinued Operations	0	0	0	0	0	0	0	0	0	2M
Minority Interest	8.97B	10.66B	11.47B	12.33B	9.73B	12.64B	13.11B	13.42B	12.96B	9.84B
EPS (Diluted)	0.94▲ 0%	-5.04▼ 636.2%	2.11▲ 141.9%	12.13▲ 474.9%	-3.07▼ 125.3%	0.31▲ 110.1%	0.87▲ 180.6%	1.02▲ 17.2%	0.52▼ 49.0%	0.76▲ 0%
EPS Growth %	-33.33%	-636.17%	141.87%	474.88%	-125.31%	110.1%	180.65%	17.24%	-49.02%	180.43%
EPS (Basic)	0.94	-5.04	2.12	12.27	-3.05	0.31	0.87	1.02	0.52	-
Diluted Shares Outstanding	99M	145M	159M	170M	246M	194M	194M	195M	197M	706M
Basic Shares Outstanding	99M	145M	158M	168M	186M	194M	194M	195M	197M	706M
Dividend Payout Ratio	248.94%	-	56.59%	69.79%	-	233.33%	96.43%	105.56%	243.69%	-

PAGP Balance Sheet

Plains GP Holdings, L.P. (PAGP) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	4.28B	4B	3.53B	4.61B	3.67B	6.14B	5.36B	4.92B	4.78B	4.95B
Cash & Short-Term Investments	50M	40M	69M	47M	63M	456M	404M	453M	349M	4.73B
Cash Only	50M	40M	69M	47M	63M	456M	404M	453M	349M	4.73B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.28B	3.03B	2.45B	3.72B	2.55B	4.71B	3.91B	3.76B	3.9B	0
Days Sales Outstanding	41.22	42.16	26.3	40.34	40.01	40.81	24.87	28.17	28.44	22.69
Inventory	1.34B	713M	640M	604M	647M	783M	729M	548M	439M	214M
Days Inventory Outstanding	27.65	11.02	7.71	7.33	11.2	7.28	4.91	4.39	3.44	2.53
Other Current Assets	603M	221M	373M	242M	405M	196M	318M	155M	87M	0
Total Non-Current Assets	21.83B	22.75B	21.98B	25.36B	22.28B	23.84B	23.85B	23.68B	22.98B	18.81B
Property, Plant & Equipment	13.89B	14.11B	14.79B	15.83B	15B	15.3B	15.6B	16.09B	15.76B	17.06B
Fixed Asset Turnover	1.45x	1.86x	2.30x	2.13x	1.55x	2.75x	3.68x	3.03x	3.18x	2.85x
Goodwill	2.34B	2.57B	2.52B	2.54B	0	0	0	0	0	0
Intangible Assets	242M	844M	772M	706M	805M	1.96B	2.15B	1.88B	1.68B	1.75B
Long-Term Investments	2.34B	2.76B	2.7B	3.68B	3.86B	3.87B	3.13B	2.82B	2.81B	8.35B
Other Non-Current Assets	1.38B	1.94B	664M	2.59B	1.18B	1.34B	1.66B	1.65B	1.52B	10.21B
Total Assets	26.1B▲ 0%	26.75B▲ 2.5%	25.51B▼ 4.6%	29.97B▲ 17.5%	25.95B▼ 13.4%	29.98B▲ 15.5%	29.21B▼ 2.6%	28.6B▼ 2.1%	27.76B▼ 2.9%	30.17B▲ 0%
Asset Turnover	0.77x	0.98x	1.33x	1.12x	0.90x	1.40x	1.96x	1.70x	1.80x	1.53x
Asset Growth %	8.12%	2.49%	-4.64%	17.47%	-13.41%	15.52%	-2.57%	-2.09%	-2.94%	9.39%
Total Current Liabilities	4.67B	4.53B	3.46B	5.02B	4.25B	6.23B	5.89B	5B	4.92B	202M
Accounts Payable	2.5B	3.32B	2.71B	3.69B	2.42B	4.81B	4.04B	3.85B	3.88B	0
Days Payables Outstanding	51.55	51.38	32.57	44.77	41.97	44.7	27.27	30.79	30.41	30.54
Short-Term Debt	1.72B	737M	66M	530M	909M	899M	1.23B	446M	408M	202M
Deferred Revenue (Current)	-2.5B	-3.37B	-2M	0	361M	0	0	0	0	0
Other Current Liabilities	447M	424M	687M	630M	560M	524M	618M	714M	635M	0
Current Ratio	0.92x	0.88x	1.02x	0.92x	0.86x	0.98x	0.91x	0.98x	0.97x	0.97x
Quick Ratio	0.63x	0.73x	0.84x	0.80x	0.71x	0.86x	0.79x	0.87x	0.88x	0.88x
Cash Conversion Cycle	17.31	1.8	1.44	2.9	9.23	3.38	2.52	1.77	1.47	-5.32
Total Non-Current Liabilities	10.73B	9.86B	10.05B	10.43B	10.51B	9.57B	8.68B	8.62B	8.52B	16.89B
Long-Term Debt	10.12B	9.18B	9.14B	9.14B	9.31B	8.34B	7.24B	7.3B	7.21B	0
Capital Lease Obligations	0	0	0	436M	387M	398M	358M	274M	313M	679M
Deferred Tax Liabilities	0	0	0	0	0	0	545M	535M	0	0
Other Non-Current Liabilities	606M	679M	910M	857M	807M	830M	536M	506M	990M	20.14B
Total Liabilities	15.4B	14.39B	13.51B	15.45B	14.76B	15.8B	14.57B	13.63B	13.44B	17.09B
Total Debt	10.12B	9.18B	9.14B	10.22B	10.61B	9.64B	8.82B	8.03B	7.93B	202M
Net Debt	10.07B	9.14B	9.07B	10.17B	10.54B	9.18B	8.42B	7.57B	7.58B	-4.53B
Debt / Equity	0.51x	0.40x	0.73x	0.70x	0.95x	0.68x	0.60x	0.54x	0.55x	0.55x
Debt / EBITDA	6.96x	5.52x	3.27x	3.95x	-	5.95x	3.92x	3.14x	3.61x	0.09x
Net Debt / EBITDA	6.93x	5.50x	3.25x	3.94x	-	5.67x	3.74x	2.97x	3.45x	3.45x
Interest Coverage	2.06x	2.25x	5.27x	4.66x	-5.47x	1.98x	3.17x	3.89x	3.07x	9.30x
Total Equity	19.68B▲ 0%	23.02B▲ 17.0%	12.51B▼ 45.7%	14.52B▲ 16.0%	11.19B▼ 22.9%	14.18B▲ 26.7%	14.64B▲ 3.3%	14.97B▲ 2.3%	14.32B▼ 4.4%	22.92B▲ 0%
Equity Growth %	17.78%	16.99%	-45.65%	16.05%	-22.93%	26.69%	3.25%	2.28%	-4.38%	45.96%
Book Value per Share	198.76	158.77	78.69	85.41	45.49	73.08	75.45	76.78	72.67	32.46
Total Shareholders' Equity	10.71B	12.36B	1.04B	2.19B	1.46B	1.53B	1.52B	1.55B	1.35B	13.08B
Common Stock	1.74B	1.7B	1.85B	2.15B	1.46B	1.53B	1.52B	1.55B	1.35B	0
Retained Earnings	-1.77B	-1.72B	-844M	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-2.37B	-2.8B	-3.1B	0	0	0	0	0	0	0
Minority Interest	8.97B	10.66B	11.47B	12.33B	9.73B	12.64B	13.11B	13.42B	12.96B	9.84B

PAGP Cash Flow Statement

Plains GP Holdings, L.P. (PAGP) cash flow — operating, investing & free cash flow history

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	711M	2.5B	2.6B	2.5B	1.51B	1.99B	2.4B	2.72B	2.48B	2.48B
Operating CF Margin %	3.52%	9.52%	7.65%	7.43%	6.48%	4.73%	4.19%	5.59%	4.96%	-
Operating CF Growth %	-46.66%	251.05%	4.33%	-3.99%	-39.6%	31.85%	20.74%	13.23%	-8.74%	85.64%
Net Income	660M	-41M	2.11B	2.06B	-2.44B	600M	1.16B	1.43B	1.07B	539M
Depreciation & Amortization	495M	628M	521M	604M	656M	777M	968M	1.05B	1.03B	696M
Stock-Based Compensation	60M	41M	79M	35M	16M	24M	41M	51M	52M	0
Deferred Taxes	-7M	909M	236M	64M	-218M	62M	162M	44M	9M	65M
Other Non-Cash Items	-10M	17M	-206M	-253M	3.65B	755M	261M	-43M	255M	392M
Working Capital Changes	-487M	942M	-133M	-12M	-158M	-227M	-191M	194M	72M	158M
Change in Receivables	-524M	-511M	231M	-1.16B	1.43B	-2.18B	649M	213M	112M	0
Change in Inventory	-463M	605M	-75M	-5M	-304M	-18M	-10M	223M	70M	0
Change in Payables	500M	848M	-367M	1.15B	-1.29B	1.97B	-830M	0	-110M	0
Cash from Investing	-1.27B	-1.57B	-813M	-1.76B	-1.09B	386M	-526M	-702M	-875M	-3.44B
Capital Expenditures	-1.33B	-1.02B	-1.63B	-1.18B	-738M	-336M	-455M	-582M	-640M	-512M
CapEx % of Revenue	6.61%	3.91%	4.8%	3.51%	3.17%	0.8%	0.79%	1.19%	1.28%	-
Acquisitions	-583M	-1.68B	-458M	-574M	-771M	-126M	-163M	-458M	-252M	-865M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	644M	1.13B	1.28B	-10M	416M	848M	92M	338M	17M	-2.06B
Cash from Financing	571M	-940M	-1.75B	-717M	-430M	-1.98B	-1.93B	-1.97B	-1.7B	173M
Debt Issued (Net)	-103M	-2B	-701M	416M	427M	-912M	-750M	-667M	-140M	1.85B
Equity Issued (Net)	1000K	1000K	0	0	-1000K	-1000K	-1000K	0	0	-2M
Dividends Paid	-234M	-271M	-189M	-231M	-166M	-140M	-162M	-209M	-251M	-225M
Share Repurchases	0	0	0	0	-50M	-178M	-74M	0	0	333M
Other Financing	-1.46B	-1.12B	-863M	-902M	-641M	-749M	-941M	-1.09B	-1.31B	-1.11B
Net Change in Cash	20M▲ 0%	-10M▼ 150.0%	29M▲ 390.0%	15M▼ 48.3%	-21M▼ 240.0%	393M▲ 1971.4%	-52M▼ 113.2%	49M▲ 194.2%	-104M▼ 312.2%	832M▲ 0%
Free Cash Flow	-623M▲ 0%	1.47B▲ 336.3%	970M▼ 34.1%	1.32B▲ 36.0%	772M▼ 41.5%	1.66B▲ 114.4%	1.95B▲ 17.8%	2.14B▲ 9.8%	1.84B▼ 13.8%	2.42B▲ 0%
FCF Margin %	-3.09%	5.61%	2.85%	3.92%	3.31%	3.93%	3.4%	4.39%	3.68%	5.47%
FCF Growth %	16.49%	336.28%	-34.1%	35.98%	-41.47%	114.38%	17.76%	9.8%	-13.83%	31.24%
FCF per Share	-6.29	10.15	6.10	7.76	3.14	8.53	10.05	10.97	9.36	9.36
FCF Conversion (FCF/Net Income)	7.56x	-3.41x	7.80x	7.55x	-2.66x	33.18x	14.31x	13.75x	24.12x	4.49x
Interest Paid	462M	486M	400M	397M	428M	401M	393M	377M	351M	297M
Taxes Paid	98M	50M	21M	136M	111M	76M	112M	69M	269M	80M

PAGP Key Ratios

Plains GP Holdings, L.P. (PAGP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	0.52%	-3.42%	1.88%	2.45%	-4.42%	0.47%	1.17%	1.34%	0.7%	2.35%
Return on Invested Capital (ROIC)	2.54%	2.78%	6.34%	6.42%	-7.7%	2.8%	4.15%	4.94%	3.96%	3.96%
Gross Margin	12.16%	9.95%	10.99%	10.73%	9.46%	6.65%	5.58%	6.43%	6.96%	5.29%
Net Margin	0.47%	-2.79%	0.98%	0.98%	-2.44%	0.14%	0.29%	0.41%	0.21%	1.22%
Debt / Equity	0.51x	0.40x	0.73x	0.70x	0.95x	0.68x	0.60x	0.54x	0.55x	0.55x
Interest Coverage	2.06x	2.25x	5.27x	4.66x	-5.47x	1.98x	3.17x	3.89x	3.07x	9.30x
FCF Conversion	7.56x	-3.41x	7.80x	7.55x	-2.66x	33.18x	14.31x	13.75x	24.12x	4.49x
Revenue Growth	-12.83%	29.93%	29.87%	-1.13%	-30.83%	80.67%	36.28%	-15.05%	2.79%	-11.29%

PAGP SEC Filings & Documents

Plains GP Holdings, L.P. (PAGP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 3, 2026·SEC

Material company update

Feb 6, 2026·SEC

Material company update

Dec 3, 2025·SEC

10-K Annual Reports

FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 9, 2025·SEC

PAGP Frequently Asked Questions

Plains GP Holdings, L.P. (PAGP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Plains GP Holdings, L.P. (PAGP) reported $44.26B in revenue for fiscal year 2024. This represents a 29% increase from $34.27B in 2011.

Plains GP Holdings, L.P. (PAGP) grew revenue by 2.8% over the past year. Growth has been modest.

Yes, Plains GP Holdings, L.P. (PAGP) is profitable, generating $539.0M in net income for fiscal year 2024 (0.2% net margin).

Dividend & Returns

Yes, Plains GP Holdings, L.P. (PAGP) pays a dividend with a yield of 5.39%. This makes it attractive for income-focused investors.

Plains GP Holdings, L.P. (PAGP) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

Plains GP Holdings, L.P. (PAGP) generated $2.42B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Plains GP Holdings, L.P.(PAGP)Earnings, Financials & Key Ratios

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