Plains GP Holdings, L.P. (PAGP) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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PAGP Revenue Growth
Revenue Breakdown (FY 2024)
PAGP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
PAGP Revenue Analysis (2013–2024)
As of May 8, 2026, Plains GP Holdings, L.P. (PAGP) generated trailing twelve-month (TTM) revenue of $44.26 billion, reflecting significant decline in growth of -19.1% year-over-year. The most recent quarter (Q4 2025) recorded $10.03 billion in revenue, down 13.4% sequentially.
Looking at the longer-term picture, PAGP's 5-year compound annual growth rate (CAGR) stands at +8.3%, indicating steady revenue expansion. The company achieved its highest annual revenue of $57.34 billion in 2022.
Revenue diversification analysis shows PAGP's business is primarily driven by Product (96%), and Service (4%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including PAA (-11.3% YoY), EPD (-6.4% YoY), and ET (+8.9% YoY), PAGP has underperformed the peer group in terms of revenue growth. Compare PAGP vs PAA →
PAGP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PAGPCurrent | $44.3B | -19.1% | +8.3% | 2.3% | |
 PAA | $50.1B | -11.3% | +8.3% | 2.4% | |
 EPD | $52.6B | -6.4% | +14.1% | 13.1% | |
 ET | $82.6B | +8.9% | +16.2% | 11.4% | |
 MPLX | $11.8B | +12.1% | +7.1% | 40.3% | |
 WES | $3.8B | +11.4% | +6.7% | 41.3% |
PAGP Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $50.07B | +2.8% | $3.49B | 7.0% | $1.17B | 2.3% |
| 2023 | $48.71B | -15.1% | $3.13B | 6.4% | $1.50B | 3.1% |
| 2022 | $57.34B | +36.3% | $3.20B | 5.6% | $1.28B | 2.2% |
| 2021 | $42.08B | +80.7% | $2.80B | 6.6% | $842.0M | 2.0% |
| 2020 | $23.29B | -30.8% | $2.20B | 9.5% | $-2,383,000,000 | -10.2% |
| 2019 | $33.67B | -1.1% | $3.61B | 10.7% | $1.98B | 5.9% |
| 2018 | $34.05B | +29.9% | $3.74B | 11.0% | $2.27B | 6.7% |
| 2017 | $26.22B | +29.9% | $2.61B | 10.0% | $1.15B | 4.4% |
| 2016 | $20.18B | -12.8% | $2.45B | 12.2% | $990.0M | 4.9% |
| 2015 | $23.15B | -46.7% | $2.99B | 12.9% | $1.26B | 5.4% |
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Start ComparisonPAGP — Frequently Asked Questions
Quick answers to the most common questions about buying PAGP stock.
Is PAGP's revenue growth accelerating or slowing?
PAGP revenue declined -19.1% year-over-year, contrasting with the 5-year CAGR of +8.3%. TTM revenue fell to $44.3B. This reverses the prior growth trend.
What is PAGP's long-term revenue growth rate?
Plains GP Holdings, L.P.'s 5-year revenue CAGR of +8.3% reflects the variable expansion pattern. Current YoY growth of -19.1% is below this long-term average.
How is PAGP's revenue distributed by segment?
PAGP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.