Plains GP Holdings LP (PAGP) quarterly cash flow statement — complete operating, investing & financing history
Plains GP Holdings LP (PAGP) cash flow statement — 15-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 510M | 955M | 418M | 785M | 817M | 692M | 638M | 726M | 688M | 652M | 418M | 1.01B | 83M | 887M | 742M | 334M | 941M | 790M | 339M | 633M |
| Operating CF Margin % | 3.36% | 5.4% | 3.35% | 7.43% | 7.06% | 6.5% | 5.31% | 5.85% | 5.4% | 5.11% | 3.48% | 7.95% | 0.69% | 7.65% | 6.01% | 2.58% | 6.56% | 4.83% | 2.48% | 4.87% |
| Operating CF Growth % | -37.58% | 38.01% | -34.48% | 8.13% | 18.75% | 6.13% | 52.63% | -28.12% | 728.92% | -26.49% | -43.67% | 202.4% | -91.18% | 12.28% | 118.88% | -47.24% | 180.9% | 237.61% | -57.03% | 146.3% |
| Net Income | 627M | 1.93B | 48M | -40M | 504M | 283M | 492M | 117M | 300M | 317M | 336M | 52M | 29M | 333M | 443M | 295M | 420M | 239M | 209M | 84M |
| Depreciation & Amortization | 235M | 243M | 243M | 257M | 230M | 204M | 262M | 257M | 258M | 195M | 254M | 273M | 261M | 260M | 257M | 255M | 238M | 244M | 231M | 224M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23M | 10M | 0 | 10M | 0 | 9M | 0 | 0 | 0 |
| Deferred Taxes | 12M | -14M | -208M | 26M | 25M | 13M | 27M | -5M | 35M | 4M | -25M | 0 | -28M | 36M | 22M | 1M | 118M | 27M | 16M | 73M |
| Other Non-Cash Items | -65M | -1.45B | 280M | 593M | -100M | 52M | -3M | 127M | 52M | 145M | 45M | 112M | 254M | 127M | -188M | 24M | 138M | 126M | 5M | 411M |
| Working Capital Changes | -299M | 244M | 55M | -52M | 158M | 140M | -140M | 230M | 43M | -9M | -192M | 550M | -443M | 131M | 198M | -241M | 18M | 154M | -122M | -159M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 213M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.18B |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 223M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.97B |
| Cash from Investing | -3.58B | 3.33B | -233M | -1.9B | -408M | -274M | -819M | -264M | -193M | -157M | -261M | -258M | -438M | -164M | 158M | -235M | -168M | -42M | -81M | -92M |
| Capital Expenditures | 0 | 130M | -130M | -148M | -202M | -112M | -198M | -166M | -178M | -126M | -170M | -159M | -137M | -145M | -122M | -143M | -122M | -89M | -101M | -79M |
| CapEx % of Revenue | - | 0.73% | 1.04% | 1.4% | 1.74% | 1.05% | 1.65% | 1.34% | 1.4% | 0.99% | 1.42% | 1.25% | 1.14% | 1.25% | 0.99% | 1.1% | 0.85% | 0.54% | 0.74% | 0.61% |
| Acquisitions | -3M | 88M | -85M | -1.69B | -184M | -57M | -624M | -104M | -34M | -20M | -94M | -136M | -298M | -15M | -4M | -92M | -67M | -1M | -3M | 3M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -3.58B | 3.12B | -18M | -56M | -22M | -105M | 3M | 6M | 19M | -11M | 3M | 37M | -3M | -4M | 284M | 0 | 21M | 48M | 23M | 0 |
| Cash from Financing | -749M | -3.39B | -339M | 260M | 318M | -407M | 262M | -746M | -413M | -271M | -272M | -565M | -307M | -324M | -775M | -322M | -412M | -597M | -596M | -275M |
| Debt Issued (Net) | 0 | -116M | 116M | 708M | 786M | -2M | 1.07B | -357M | 0 | 110M | 107M | -700M | 0 | 0 | -400M | 0 | -115M | -267M | -368M | 1M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -8M | -333M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -49M | -25M | -61M |
| Dividends Paid | 0 | 83M | -83M | -76M | -75M | -75M | -75M | -63M | -63M | -62M | -63M | -53M | -52M | -52M | -52M | -42M | -43M | -42M | -35M | -35M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -49M | -25M | -61M |
| Other Financing | -749M | -3.36B | -372M | -372M | -393M | -322M | -399M | -326M | -350M | -319M | -316M | 188M | -255M | -272M | -323M | -280M | -254M | -239M | -168M | -180M |
| Net Change in Cash | -180M | 888M | -157M | -852M | 721M | 31M | 80M | -292M | 85M | 222M | -119M | 191M | -674M | 407M | 125M | -221M | 355M | 149M | -335M | 259M |
| Free Cash Flow | 510M | 1.08B | 288M | 636M | 615M | 580M | 440M | 560M | 510M | 526M | 248M | 851M | -73M | 742M | 620M | 191M | 819M | 701M | 238M | 554M |
| FCF Margin % | 3.36% | 6.13% | 2.31% | 6.02% | 5.31% | 5.45% | 3.66% | 4.52% | 4% | 4.12% | 2.07% | 6.7% | -0.6% | 6.4% | 5.02% | 1.47% | 5.71% | 4.29% | 1.74% | 4.27% |
| FCF Growth % | -17.07% | 87.07% | -34.55% | 13.57% | 20.59% | 10.27% | 77.42% | -34.2% | 798.63% | -29.11% | -60% | 345.55% | -108.91% | 5.85% | 160.5% | -65.52% | 215% | 370.47% | -65.61% | 343.2% |
| FCF per Share | 2.58 | 5.48 | 1.45 | 3.21 | 3.11 | 2.93 | 2.22 | 2.84 | 2.59 | 2.67 | 1.26 | 4.35 | -0.37 | 3.81 | 3.20 | 0.98 | 4.22 | 3.61 | 1.23 | 2.86 |
| FCF Conversion (FCF/Net Income) | 7.50x | 2.46x | 20.90x | 12.66x | 9.84x | 23.07x | 7.60x | -66.00x | 20.85x | 16.72x | 9.95x | 19.42x | 2.86x | 18.48x | 10.75x | 7.59x | 13.25x | 25.48x | 15.41x | 7.54x |
| Interest Paid | 0 | -138M | 0 | 0 | 81M | 126M | 90M | 112M | 59M | 116M | 64M | 130M | 59M | 123M | 65M | 125M | 67M | 127M | 74M | 136M |
| Taxes Paid | 0 | -28M | 0 | 0 | 32M | 21M | 27M | -236M | 43M | 107M | 86M | 0 | 20M | 0 | 0 | 27M | 46M | 16M | 23M | 44M |