8-K Announcements
6Material company update
May 13, 2026·SEC
Material company update
May 12, 2026·SEC
Material company update
May 8, 2026·SEC
Plains GP Holdings, L.P.(PAGP)Earnings, Financials & Key Ratios
PAGP•NASDAQ
17.7× P/E·Price updated Jun 19, 2026
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$44.26B-11.6%
- EBITDA$2.38B+8.3%
- Net Income$260M+152.4%
- EPS (Diluted)1.31+151.9%
- Gross Margin6.04%-13.2%
- EBITDA Margin5.38%+22.5%
- Operating Margin3.23%+37.8%
- Net Margin0.59%+185.6%
- ROE1.82%+159.1%
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
- ✓Strong 5Y sales CAGR of 13.7%
- ✓Trading at only 0.3x book value
- ✓Efficient asset utilization: 1.4x turnover
✗Weaknesses
- ✗Weak 3Y average ROE of 1.3%
- ✗Dividend payout exceeds 100% of earnings
- ✗Thin 5Y average net margin of 0.3%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when PAGP posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
PAGP Price & Volume
Plains GP Holdings, L.P. (PAGP) stock price & volume — 10-year historical chart
Loading chart...
PAGP Growth Metrics
Plains GP Holdings, L.P. (PAGP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.7%
5 Years13.7%
3 Years-8.27%
TTM-9.33%
Profit CAGR
10 Years8.22%
5 Years-
3 Years15.67%
TTM34.48%
EPS CAGR
10 Years-0.73%
5 Years-
3 Years14.62%
TTM33.48%
Return on Capital
10 Years4.48%
5 Years5.28%
3 Years5.75%
Last Year5.8%
PAGP Recent Earnings
Plains GP Holdings, L.P. (PAGP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 8, 2026Metric
Actual
Est
EPS
$0.24-50.0%
$0.48
Rev
$12.5B+6.4%
$11.7B
Q1 2026
Feb 6, 2026Metric
Actual
Est
EPS
$0.17-66.0%
$0.50
Rev
$10.6B-18.9%
$13.0B
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.31-26.2%
$0.42
Rev
$11.6B-12.8%
$13.3B
Q3 2025
Aug 8, 2025Metric
Actual
Est
EPS
$0.05-88.6%
$0.44
Rev
$10.6B-21.1%
$13.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 8, 2026 | $0.24vs $0.48-50.0% | $12.5Bvs $11.7B+6.4% |
| Q1 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
PAGP Peer Comparison
Plains GP Holdings, L.P. (PAGP) competitors in Crude Oil Pipelines and Terminals — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 PAA | 15.06B | 21.34 | 12.86 | -11.61% | 2.54% | 8.84% | 0.86 | |
 EPD | 79.12B | 36.60 | 13.76 | -6.44% | 11.03% | 19.29% | 1.14 | |
 ET | 64.51B | 18.75 | 13.89 | -0.05% | 6.21% | 11.56% | 1.45 | |
 MPLX | 57.7B | 56.84 | 11.79 | 8.37% | 37.54% | 32.81% | 1.80 | |
 WES | 16.92B | 42.96 | 14.32 | 6.61% | 29.9% | 33.79% | 2.14 | |
 KMI | 70.28B | 31.59 | 23.06 | 12.45% | 18.92% | 10.27% | 1.00 | |
 OKE | 53.57B | 85.03 | 15.69 | 55.42% | 10.04% | 15.86% | 1.45 | |
 TRGP | 55.5B | 258.58 | 30.35 | 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.
PAGP Income Statement
Plains GP Holdings, L.P. (PAGP) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 26.22B | 34.05B | 33.67B | 23.29B | 42.08B | 57.34B | 48.71B | 50.07B | 44.26B | 45.26B |
Revenue Growth % | 29.93% | 29.87% | -1.13% | -30.83% | 80.67% | 36.28% | -15.05% | 2.79% | -11.61% | -9.33% |
Cost of Goods Sold | 23.61B | 30.31B | 30.06B | 21.09B | 39.28B | 54.14B | 45.58B | 46.59B | 41.59B | 42.76B |
COGS % of Revenue | 90.05% | 89.01% | 89.27% | 90.54% | 93.35% | 94.42% | 93.57% | 93.04% | 93.96% | - |
Gross Profit | 2.61B▲ 0% | 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% | 2.67B▼ 23.3% | 2.5B▲ 0% |
Gross Margin % | 9.95% | 10.99% | 10.73% | 9.46% | 6.65% | 5.58% | 6.43% | 6.96% | 6.04% | 5.52% |
Gross Profit Growth % | 6.36% | 43.33% | -3.42% | -39.03% | 26.96% | 14.34% | -2.13% | 11.41% | -23.29% | - |
Operating Expenses | 1.46B | 1.58B | 1.63B | 4.59B | 1.96B | 1.91B | 1.63B | 2.31B | 1.25B | 1.08B |
OpEx % of Revenue | 5.58% | 4.65% | 4.85% | 19.69% | 4.65% | 3.34% | 3.34% | 4.62% | 2.82% | - |
Selling, General & Admin | 280M | 320M | 302M | 276M | 298M | 330M | 356M | 387M | 342M | 342M |
SG&A % of Revenue | 1.07% | 0.94% | 0.9% | 1.19% | 0.71% | 0.58% | 0.73% | 0.77% | 0.77% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | -31M | -7M | 1.33B | 4.31B | 1.66B | 1.58B | 1.27B | 1.93B | 899M | 4M |
Operating Income | 1.15B▲ 0% | 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▲ 21.8% | 1.42B▲ 0% |
Operating Margin % | 4.37% | 6.67% | 5.88% | -10.23% | 2% | 2.24% | 3.08% | 2.34% | 3.23% | 3.15% |
Operating Income Growth % | 15.86% | 98.08% | -12.85% | -220.35% | 135.33% | 52.49% | 16.9% | -21.92% | 21.84% | - |
EBITDA | 1.66B | 2.79B | 2.58B | -1.73B | 1.62B | 2.25B | 2.55B | 2.2B | 2.38B | 2.33B |
EBITDA Margin % | 6.34% | 8.2% | 7.67% | -7.42% | 3.85% | 3.93% | 5.24% | 4.39% | 5.38% | 5.15% |
EBITDA Growth % | 14.37% | 67.95% | -7.48% | -166.83% | 193.75% | 39.1% | 13.32% | -13.87% | 8.33% | 2.87% |
D&A (Non-Cash Add-back) | 516M | 521M | 604M | 656M | 777M | 968M | 1.05B | 1.03B | 953M | 908M |
EBIT | 1.39B | 2.84B | 2.66B | -2.17B | 1.14B | 1.81B | 2B | 1.66B | 1.86B | 1.72B |
Net Interest Income | -510M | -431M | -425M | -436M | -425M | -405M | -386M | -360M | -467M | -192M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22M | 0 | 0 |
Interest Expense | 510M | 431M | 425M | 436M | 425M | 405M | 386M | 382M | 467M | 192M |
Other Income/Expense | -251M | 137M | 258M | -224M | -130M | 125M | 113M | 102M | -33M | -82M |
Pretax Income | 896M▲ 0% | 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▲ 9.5% | 1.34B▲ 0% |
Pretax Margin % | 3.42% | 7.07% | 6.65% | -11.19% | 1.69% | 2.46% | 3.31% | 2.54% | 3.15% | 2.97% |
Income Tax | 937M | 302M | 176M | -167M | 112M | 246M | 189M | 204M | 92M | 70M |
Effective Tax Rate % | 104.58% | 12.54% | 7.86% | 6.41% | 15.73% | 17.46% | 11.71% | 16.01% | 6.59% | 5.22% |
Net Income | -731M▲ 0% | 334M▲ 145.7% | 331M▼ 0.9% | -568M▼ 271.6% | 60M▲ 110.6% | 168M▲ 180.0% | 198M▲ 17.9% | 103M▼ 48.0% | 260M▲ 152.4% | 195M▲ 0% |
Net Margin % | -2.79% | 0.98% | 0.98% | -2.44% | 0.14% | 0.29% | 0.41% | 0.21% | 0.59% | 0.43% |
Net Income Growth % | -877.66% | 145.69% | -0.9% | -271.6% | 110.56% | 180% | 17.86% | -47.98% | 152.43% | 34.48% |
Net Income (Continuing) | -41M | 2.11B | 2.06B | -2.44B | 600M | 1.16B | 1.43B | 1.07B | 1.3B | 1.27B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 383M | 2M |
Minority Interest | 10.66B | 11.47B | 12.33B | 9.73B | 12.64B | 13.11B | 13.42B | 12.96B | 12.87B | 12.68B |
EPS (Diluted) | -5.04▲ 0% | 2.11▲ 141.9% | 1.95▼ 7.6% | -2.31▼ 218.5% | 0.31▲ 113.4% | 0.87▲ 180.6% | 1.02▲ 17.2% | 0.52▼ 49.0% | 1.31▲ 151.9% | 0.98▲ 0% |
EPS Growth % | -636.17% | 141.87% | -7.58% | -218.46% | 113.42% | 180.65% | 17.24% | -49.02% | 151.92% | 33.48% |
EPS (Basic) | -5.04 | 2.12 | 1.97 | -3.05 | 0.31 | 0.87 | 1.02 | 0.52 | 1.31 | - |
Diluted Shares Outstanding | 145M | 159M | 170M | 246M | 194M | 194M | 195M | 197M | 198M | 198M |
Basic Shares Outstanding | 145M | 158M | 168M | 186M | 194M | 194M | 195M | 197M | 198M | 198M |
Dividend Payout Ratio | - | 56.59% | 69.79% | - | 233.33% | 96.43% | 105.56% | 243.69% | 115.77% | - |
PAGP Balance Sheet
Plains GP Holdings, L.P. (PAGP) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 4B | 3.53B | 4.61B | 3.67B | 6.14B | 5.36B | 4.92B | 4.78B | 4.7B | 6.16B |
Cash & Short-Term Investments | 40M | 69M | 47M | 63M | 456M | 404M | 453M | 349M | 329M | 172M |
Cash Only | 40M | 69M | 47M | 63M | 456M | 404M | 453M | 349M | 329M | 172M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 3.03B | 2.45B | 3.72B | 2.55B | 4.71B | 3.91B | 3.76B | 3.9B | 3.6B | 4.82B |
Days Sales Outstanding | 42.16 | 26.3 | 40.34 | 40.01 | 40.81 | 24.87 | 28.17 | 28.44 | 29.67 | 31.46 |
Inventory | 713M | 640M | 604M | 647M | 783M | 729M | 548M | 439M | 211M | 380M |
Days Inventory Outstanding | 11.02 | 7.71 | 7.33 | 11.2 | 7.28 | 4.91 | 4.39 | 3.44 | 1.85 | 1.98 |
Other Current Assets | 221M | 373M | 242M | 405M | 196M | 318M | 155M | 87M | 566M | 785M |
Total Non-Current Assets | 22.75B | 21.98B | 25.36B | 22.28B | 23.84B | 23.85B | 23.68B | 22.98B | 26.57B | 26.6B |
Property, Plant & Equipment | 14.11B | 14.79B | 15.83B | 15B | 15.3B | 15.6B | 16.09B | 15.76B | 17.06B | 17.07B |
Fixed Asset Turnover | 1.86x | 2.30x | 2.13x | 1.55x | 2.75x | 3.68x | 3.03x | 3.18x | 2.59x | 2.88x |
Goodwill | 2.57B | 2.52B | 2.54B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 844M | 772M | 706M | 805M | 1.96B | 2.15B | 1.88B | 1.68B | 1.75B | 1.69B |
Long-Term Investments | 2.76B | 2.7B | 3.68B | 3.86B | 3.87B | 3.13B | 2.82B | 2.81B | 2.85B | 11.27B |
Other Non-Current Assets | 1.94B | 664M | 2.59B | 1.18B | 1.34B | 1.66B | 1.65B | 1.52B | 3.78B | 3.83B |
Total Assets | 26.75B▲ 0% | 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% | 31.28B▲ 12.7% | 32.76B▲ 0% |
Asset Turnover | 0.98x | 1.33x | 1.12x | 0.90x | 1.40x | 1.96x | 1.70x | 1.80x | 1.42x | 1.49x |
Asset Growth % | 2.49% | -4.64% | 17.47% | -13.41% | 15.52% | -2.57% | -2.09% | -2.94% | 12.68% | 30.51% |
Total Current Liabilities | 4.53B | 3.46B | 5.02B | 4.25B | 6.23B | 5.89B | 5B | 4.92B | 4.9B | 6.54B |
Accounts Payable | 3.32B | 2.71B | 3.69B | 2.42B | 4.81B | 4.04B | 3.85B | 3.88B | 3.46B | 4.93B |
Days Payables Outstanding | 51.38 | 32.57 | 44.77 | 41.97 | 44.7 | 27.27 | 30.79 | 30.41 | 30.34 | 32.72 |
Short-Term Debt | 737M | 66M | 530M | 909M | 899M | 1.23B | 446M | 408M | 590M | 420M |
Deferred Revenue (Current) | -3.37B | -2M | 0 | 361M | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 424M | 687M | 630M | 560M | 524M | 618M | 714M | 635M | 810M | 1.19B |
Current Ratio | 0.88x | 1.02x | 0.92x | 0.86x | 0.98x | 0.91x | 0.98x | 0.97x | 0.96x | 0.94x |
Quick Ratio | 0.73x | 0.84x | 0.80x | 0.71x | 0.86x | 0.79x | 0.87x | 0.88x | 0.92x | 0.88x |
Cash Conversion Cycle | 1.8 | 1.44 | 2.9 | 9.23 | 3.38 | 2.52 | 1.77 | 1.47 | 1.18 | 0.72 |
Total Non-Current Liabilities | 9.86B | 10.05B | 10.43B | 10.51B | 9.57B | 8.68B | 8.62B | 8.52B | 12.16B | 12.27B |
Long-Term Debt | 9.18B | 9.14B | 9.14B | 9.31B | 8.34B | 7.24B | 7.3B | 7.21B | 10.63B | 10.96B |
Capital Lease Obligations | 0 | 0 | 436M | 387M | 398M | 358M | 274M | 313M | 265M | 845M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 545M | 535M | 0 | 197M | 197M |
Other Non-Current Liabilities | 679M | 910M | 857M | 807M | 830M | 536M | 506M | 990M | 1.06B | 1.11B |
Total Liabilities | 14.39B | 13.51B | 15.45B | 14.76B | 15.8B | 14.57B | 13.63B | 13.44B | 17.06B | 18.81B |
Total Debt | 9.18B | 9.14B | 10.22B | 10.61B | 9.64B | 8.82B | 8.03B | 7.93B | 11.49B | 11.58B |
Net Debt | 9.14B | 9.07B | 10.17B | 10.54B | 9.18B | 8.42B | 7.57B | 7.58B | 11.16B | 11.41B |
Debt / Equity | 0.40x | 0.73x | 0.70x | 0.95x | 0.68x | 0.60x | 0.54x | 0.55x | 0.81x | 0.83x |
Debt / EBITDA | 5.52x | 3.27x | 3.95x | - | 5.95x | 3.92x | 3.14x | 3.61x | 4.82x | 4.96x |
Net Debt / EBITDA | 5.50x | 3.25x | 3.94x | - | 5.67x | 3.74x | 2.97x | 3.45x | 4.69x | 4.89x |
Interest Coverage | 2.72x | 6.59x | 6.27x | -4.98x | 2.68x | 4.48x | 5.18x | 4.34x | 3.99x | 8.95x |
Total Equity | 23.02B▲ 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% | 14.22B▼ 0.7% | 13.95B▲ 0% |
Equity Growth % | 16.99% | -45.65% | 16.05% | -22.93% | 26.69% | 3.25% | 2.28% | -4.38% | -0.7% | -10.08% |
Book Value per Share | 158.77 | 78.69 | 85.41 | 45.49 | 73.08 | 75.45 | 76.78 | 72.67 | 71.80 | 70.46 |
Total Shareholders' Equity | 12.36B | 1.04B | 2.19B | 1.46B | 1.53B | 1.52B | 1.55B | 1.35B | 1.34B | 1.27B |
Common Stock | 1.7B | 1.85B | 2.15B | 1.46B | 1.53B | 1.52B | 1.55B | 1.35B | 1.34B | 1.27B |
Retained Earnings | -1.72B | -844M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -2.8B | -3.1B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 10.66B | 11.47B | 12.33B | 9.73B | 12.64B | 13.11B | 13.42B | 12.96B | 12.87B | 12.68B |
PAGP Cash Flow Statement
Plains GP Holdings, L.P. (PAGP) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 2.5B | 2.6B | 2.5B | 1.51B | 1.99B | 2.4B | 2.72B | 2.48B | 2.93B | 2.71B |
Operating CF Margin % | 9.52% | 7.65% | 7.43% | 6.48% | 4.73% | 4.19% | 5.59% | 4.96% | 6.62% | - |
Operating CF Growth % | 251.05% | 4.33% | -3.99% | -39.6% | 31.85% | 20.74% | 13.23% | -8.74% | 18% | -1.47% |
Net Income | -41M | 2.11B | 2.06B | -2.44B | 600M | 1.16B | 1.43B | 1.07B | 1.77B | 195M |
Depreciation & Amortization | 628M | 521M | 604M | 656M | 777M | 968M | 1.05B | 1.03B | 953M | 934M |
Stock-Based Compensation | 41M | 79M | 35M | 16M | 24M | 41M | 51M | 52M | 49M | 0 |
Deferred Taxes | 909M | 236M | 64M | -218M | 62M | 162M | 44M | 9M | 14M | -144M |
Other Non-Cash Items | 17M | -206M | -253M | 3.65B | 755M | 261M | -43M | 255M | 180M | 825M |
Working Capital Changes | 942M | -133M | -12M | -158M | -227M | -191M | 194M | 72M | -34M | 301M |
Change in Receivables | -511M | 231M | -1.16B | 1.43B | -2.18B | 649M | 213M | 112M | 207M | 0 |
Change in Inventory | 605M | -75M | -5M | -304M | -18M | -10M | 223M | 70M | 96M | 0 |
Change in Payables | 848M | -367M | 1.15B | -1.29B | 1.97B | -830M | 0 | -110M | -337M | 0 |
Cash from Investing | -1.57B | -813M | -1.76B | -1.09B | 386M | -526M | -702M | -875M | -3.36B | -2.81B |
Capital Expenditures | -1.02B | -1.63B | -1.18B | -738M | -336M | -455M | -582M | -640M | -643M | -592M |
CapEx % of Revenue | 3.91% | 4.8% | 3.51% | 3.17% | 0.8% | 0.79% | 1.19% | 1.28% | 1.45% | 1.31% |
Acquisitions | -1.68B | -458M | -574M | -771M | -126M | -163M | -458M | -252M | -2.5B | -2.02B |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 1.13B | 1.28B | -10M | 416M | 848M | 92M | 338M | 17M | -224M | -201M |
Cash from Financing | -940M | -1.75B | -717M | -430M | -1.98B | -1.93B | -1.97B | -1.7B | 399M | -168M |
Debt Issued (Net) | -2B | -701M | 416M | 427M | -912M | -750M | -667M | -140M | 2.56B | 1.61B |
Equity Issued (Net) | 2.45B | 0 | 0 | -50M | -178M | -74M | 0 | 0 | -341M | -8M |
Dividends Paid | -271M | -189M | -231M | -166M | -140M | -162M | -209M | -251M | -301M | -309M |
Share Repurchases | 0 | 0 | 0 | -50M | -178M | -74M | 0 | 0 | -341M | -8M |
Other Financing | -1.12B | -863M | -902M | -641M | -749M | -941M | -1.09B | -1.31B | -1.52B | -1.46B |
Net Change in Cash | -10M▲ 0% | 29M▲ 390.0% | 15M▼ 48.3% | -21M▼ 240.0% | 393M▲ 1971.4% | -52M▼ 113.2% | 49M▲ 194.2% | -104M▼ 312.2% | -20M▲ 80.8% | -257M▲ 0% |
Free Cash Flow | 1.47B▲ 0% | 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% | 2.29B▲ 24.1% | 2.12B▲ 0% |
FCF Margin % | 5.61% | 2.85% | 3.92% | 3.31% | 3.93% | 3.4% | 4.39% | 3.68% | 5.17% | 4.68% |
FCF Growth % | 336.28% | -34.1% | 35.98% | -41.47% | 114.38% | 17.76% | 9.8% | -13.83% | 24.08% | 4.08% |
FCF per Share | 10.15 | 6.10 | 7.76 | 3.14 | 8.53 | 10.05 | 10.97 | 9.36 | 11.56 | 10.70 |
FCF Conversion (FCF/Net Income) | -3.41x | 7.80x | 7.55x | -2.66x | 33.18x | 14.31x | 13.75x | 24.12x | 11.27x | 10.87x |
Interest Paid | 486M | 400M | 397M | 428M | 401M | 393M | 377M | 351M | 0 | 207M |
Taxes Paid | 50M | 21M | 136M | 111M | 76M | 112M | 69M | 269M | 0 | 53M |
PAGP Key Ratios
Plains GP Holdings, L.P. (PAGP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -3.42% | 1.88% | 2.45% | -4.42% | 0.47% | 1.17% | 1.34% | 0.7% | 1.82% | 1.38% |
Return on Invested Capital (ROIC) | 2.78% | 6.34% | 6.42% | -7.7% | 2.8% | 4.15% | 4.94% | 3.96% | 4.53% | 4.46% |
Gross Margin | 9.95% | 10.99% | 10.73% | 9.46% | 6.65% | 5.58% | 6.43% | 6.96% | 6.04% | 5.52% |
Net Margin | -2.79% | 0.98% | 0.98% | -2.44% | 0.14% | 0.29% | 0.41% | 0.21% | 0.59% | 0.43% |
Debt / Equity | 0.40x | 0.73x | 0.70x | 0.95x | 0.68x | 0.60x | 0.54x | 0.55x | 0.81x | 0.83x |
Interest Coverage | 2.72x | 6.59x | 6.27x | -4.98x | 2.68x | 4.48x | 5.18x | 4.34x | 3.99x | 8.95x |
FCF Conversion | -3.41x | 7.80x | 7.55x | -2.66x | 33.18x | 14.31x | 13.75x | 24.12x | 11.27x | 10.87x |
Revenue Growth | 29.93% | 29.87% | -1.13% | -30.83% | 80.67% | 36.28% | -15.05% | 2.79% | -11.61% | -9.33% |
Related:PAGP Dividend History·PAGP Revenue History·PAGP Price History·PAGP P/E History·PAGP Financial Ratios·PAGP Institutional Holders
PAGP SEC Filings & Documents
Plains GP Holdings, L.P. (PAGP) SEC filings — annual & quarterly reports (10-K, 10-Q)
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 $45.26B in revenue for fiscal year 2025. This represents a 32% increase from $34.27B in 2011.
Plains GP Holdings, L.P. (PAGP) saw revenue decline by 11.6% over the past year.
Yes, Plains GP Holdings, L.P. (PAGP) is profitable, generating $195.0M in net income for fiscal year 2025 (0.6% net margin).
Dividend & Returns
Yes, Plains GP Holdings, L.P. (PAGP) pays a dividend with a yield of 6.54%. This makes it attractive for income-focused investors.
Plains GP Holdings, L.P. (PAGP) has a return on equity (ROE) of 1.8%. This is below average, suggesting room for improvement.
Plains GP Holdings, L.P. (PAGP) generated $2.12B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.