Last 48 quarters of trend data · Energy · Pipelines & Midstream
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.47 | — | 3.08 | 60.70 | 15.44 | 10.86 | 32.38 | 12.71 | — | 27.21 | 23.52 | 21.73 | 14.77 | 26.87 | 14.83 | 1.44 | 13.52 | 1.38 | 16.13 | 2.67 | 5.90 |
| — | — | -90.5% | +377.4% | — | -60.1% | +37.7% | -41.5% | — | +1.3% | +58.6% | +1410.2% | +9.2% | +1850.4% | -8.0% | -46.2% | +129.4% | — | — | -59.0% | — | |
| P/S Ratio | 0.09 | 0.08 | 0.07 | 0.10 | 0.09 | 0.08 | 0.09 | 0.09 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.07 | 0.06 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.04 |
| — | +8.4% | -24.9% | +9.5% | +22.9% | +9.1% | +24.4% | +17.5% | +18.9% | +9.3% | +16.6% | +45.3% | +31.8% | +77.3% | +103.7% | +26.0% | +23.0% | -23.9% | -47.5% | -24.8% | -44.0% | |
| P/B Ratio | 0.36 | 0.37 | 0.31 | 0.34 | 0.27 | 0.26 | 0.27 | 0.30 | 0.25 | 0.25 | 0.25 | 0.24 | 0.21 | 0.21 | 0.19 | 0.17 | 0.16 | 0.15 | 0.14 | 0.16 | 0.14 |
| — | +46.8% | +15.2% | +14.6% | +5.4% | +3.3% | +8.7% | +24.5% | +21.4% | +15.9% | +28.8% | +40.2% | +26.3% | +41.8% | +36.6% | +9.6% | +18.8% | -22.9% | -32.0% | -0.1% | -3.8% | |
| P/FCF | 2.03 | 2.51 | 1.11 | 4.17 | 1.49 | 1.47 | 1.66 | 2.40 | 1.62 | 1.79 | 1.76 | 3.62 | 0.92 | — | 0.97 | 1.03 | 3.16 | 0.65 | 0.71 | 2.35 | 0.89 |
| — | +71.2% | -33.2% | +73.7% | -7.8% | -17.8% | -5.9% | -33.7% | +76.5% | — | +80.9% | +253.1% | -71.0% | — | +36.5% | -56.4% | +255.8% | -67.9% | -81.6% | +257.3% | -72.5% | |
| EV / EBITDA | 6.27 | 5.07 | 4.84 | 6.84 | 6.12 | 4.23 | 6.95 | 4.02 | 8.14 | 4.66 | 5.43 | 4.57 | 3.84 | 5.67 | 4.04 | 3.54 | 12.60 | 2.97 | 4.09 | 5.43 | 3.40 |
| — | +19.9% | -30.4% | +69.8% | -24.9% | -9.1% | +27.9% | -11.9% | +112.1% | -17.9% | +34.6% | +28.9% | -69.5% | +91.0% | -1.3% | -34.8% | +270.7% | -86.1% | — | +26.5% | -89.4% | |
| EV / EBIT | 11.39 | 7.10 | 6.07 | 24.42 | 8.14 | 5.29 | 9.04 | 4.76 | 10.82 | 6.21 | 6.42 | 6.20 | 5.02 | 7.77 | 5.30 | 4.13 | 6.45 | 3.95 | 6.77 | 8.08 | 4.05 |
| — | +34.1% | -32.9% | +413.4% | -24.7% | -14.7% | +40.7% | -23.3% | +115.3% | -20.1% | +21.3% | +50.0% | -22.1% | +96.7% | -21.7% | -48.8% | +59.2% | -97.5% | — | +48.0% | -92.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 6.0% | 3.4% | 4.6% | 3.5% | 6.7% | 6.1% | 6.1% | 8.2% | 4.8% | 96.2% | 5.4% | 6.9% | 6.8% | 5.8% | 6.9% | 6.2% | 5.4% | 7.2% | 4.8% | 5.0% | 7.7% |
| — | -44.3% | -25.0% | -57.8% | +40.0% | -93.7% | +12.3% | +19.7% | -29.3% | +1549.6% | -21.0% | +11.4% | +25.8% | -18.5% | +42.1% | +24.5% | -29.9% | +47.5% | +5.4% | -48.9% | +24.2% | |
| Operating Margin | 3.2% | 3.4% | 2.2% | 2.8% | 3.4% | 4.2% | 2.2% | 4.4% | 0.7% | 2.7% | 2.6% | 3.1% | 3.3% | 1.9% | 3.2% | 3.8% | -0.3% | 4.4% | 2.5% | 2.1% | 4.6% |
| — | -18.6% | +0.8% | -36.6% | +377.6% | +53.6% | -13.9% | +44.0% | -78.9% | +41.3% | -20.0% | -19.4% | +1178.8% | -55.8% | +29.6% | +79.6% | -106.7% | +1272.6% | +203.6% | -66.0% | +514.6% | |
| Net Margin | 0.6% | 0.4% | 2.2% | 0.2% | 0.6% | 0.7% | 0.3% | 0.7% | -0.1% | 0.3% | 0.3% | 0.4% | 0.4% | 0.2% | 0.4% | 0.6% | 0.3% | 0.5% | 0.2% | 0.2% | 0.6% |
| — | -37.5% | +679.9% | -77.1% | +761.6% | +176.8% | -7.8% | +99.8% | -121.7% | +7.8% | -26.1% | -37.4% | +20.5% | -51.5% | +118.3% | +247.9% | -47.5% | +322.4% | +127.3% | -80.8% | +292.8% |
| Metric | TTM | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.8% | 0.5% | 2.7% | 0.1% | 0.4% | 0.6% | 0.2% | 0.6% | -0.1% | 0.2% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.5% | 0.3% | 0.5% | 0.2% | 0.2% | 0.7% |
| — | -20.1% | +1148.7% | -76.0% | +677.5% | +162.8% | -19.0% | +110.4% | -121.7% | +14.3% | -18.9% | -40.1% | +13.9% | -61.3% | +47.9% | +203.2% | -54.6% | +329.1% | +136.0% | -74.8% | +479.6% | |
| ROA | 0.9% | 0.2% | 1.2% | 0.1% | 0.2% | 0.3% | 0.1% | 0.3% | -0.0% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.3% |
| — | -22.4% | +1064.1% | -79.2% | +622.7% | +149.3% | -22.1% | +104.2% | -121.7% | +14.0% | -19.3% | -38.3% | +19.1% | -57.8% | +69.4% | +235.5% | -49.8% | +363.0% | +138.6% | -73.3% | +489.8% | |
| ROIC | 4.5% | 1.9% | 1.2% | 1.0% | 1.1% | 1.6% | 0.8% | 1.8% | 0.3% | 1.2% | 1.1% | 1.2% | 1.4% | 0.8% | 1.3% | 1.5% | -0.1% | 2.1% | 1.3% | 0.9% | 2.0% |
| — | +21.2% | +56.8% | -42.3% | +275.3% | +38.7% | -28.2% | +46.4% | -78.9% | +49.8% | -12.8% | -21.0% | +1154.4% | -62.9% | -5.4% | +65.8% | -106.5% | +1556.3% | +260.6% | -48.2% | +1006.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.81 | 0.74 | 0.56 | 0.83 | 0.81 | 0.68 | 0.63 | 0.64 | 0.55 | 0.56 | 0.56 | 0.55 | 0.54 | 0.56 | 0.56 | 0.56 | 0.60 | 0.62 | 0.64 | 0.65 | 0.68 |
| — | +8.3% | -10.2% | +29.9% | +45.8% | +21.8% | +12.6% | +17.0% | +3.4% | -0.0% | -0.0% | -2.9% | -11.1% | -10.0% | -12.2% | -13.1% | -11.3% | -32.5% | -33.0% | -27.0% | -28.3% | |
| Debt / EBITDA | 4.82 | 13.46 | 13.49 | 19.52 | 18.80 | 13.52 | 20.11 | 11.31 | 23.06 | 13.65 | 15.72 | 13.04 | 11.53 | 16.81 | 13.06 | 11.41 | 41.05 | 10.15 | 13.70 | 17.66 | 11.75 |
| — | -0.4% | -32.9% | +72.6% | -18.5% | -1.0% | +27.9% | -13.2% | +100.0% | -18.8% | +20.4% | +14.3% | -71.9% | +65.7% | -4.6% | -35.4% | +249.3% | -85.8% | — | +20.8% | -89.5% | |
| Current Ratio | 0.96 | 1.09 | 1.12 | 0.94 | 0.96 | 1.04 | 1.00 | 1.01 | 0.97 | 1.01 | 1.00 | 0.97 | 0.98 | 0.95 | 1.00 | 0.95 | 0.91 | 1.05 | 0.97 | 0.94 | 0.98 |
| — | +5.2% | +11.4% | -6.7% | -1.1% | +3.4% | +0.6% | +3.8% | -1.2% | +5.9% | -0.5% | +1.9% | +8.0% | -9.0% | +3.3% | +1.0% | -7.7% | +15.7% | +5.2% | -0.1% | +14.3% | |
| Quick Ratio | 0.92 | 1.09 | 1.10 | 0.88 | 0.92 | 1.01 | 0.97 | 0.94 | 0.88 | 0.92 | 0.90 | 0.88 | 0.87 | 0.84 | 0.92 | 0.87 | 0.79 | 0.93 | 0.89 | 0.88 | 0.86 |
| — | +8.8% | +13.6% | -5.8% | +4.1% | +9.2% | +7.3% | +6.1% | +0.9% | +9.6% | -2.0% | +1.8% | +11.1% | -9.8% | +3.4% | -1.7% | -8.6% | +19.9% | +9.9% | +4.9% | +21.0% | |
| Interest Coverage | 3.99 | 4.62 | 3.78 | 0.99 | 3.35 | 5.09 | 3.08 | 6.28 | 2.73 | 4.67 | 4.63 | 4.83 | 5.37 | 3.71 | 5.09 | 6.37 | 4.20 | 6.55 | 3.98 | 3.28 | 6.49 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying PAGP stock.
Plains GP Holdings LP's current P/E is 9.5x. The average P/E over the last 3 quarters is 26.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Plains GP Holdings LP's current operating margin is 3.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Plains GP Holdings LP's business trajectory between earnings reports.