Plains GP Holdings
PAGP
26.21
-0.03
-0.11%
Plains GP Holdings
US · PAGP
#1912 by market cap
Listed 1970
26.21
-0.03
-0.11%
Live - 5344 symbols - heartbeat 549s ago
· 2026-10-08 07:04
Pre-market
26.01
-0.76%
After-hours
26.21
0.00%
- Market cap
- 5.19B
- P/E (TTM)i
- 9.39
- P/Bi
- 3.28
- EPSi
- 1.30
- Div yieldi
- 6.09%
- 52W posi
- 81%
Reader sentiment
Are you bullish or bearish on PAGP?
Anonymous reader poll. Unscientific, not investment advice.
Revenue annual, last 8 years
Latest year -9.46% YoY
Margins
- Gross margin
- 6.50%
- Operating margin
- 3.10%
- Net margin
- 0.59%
Key ratios & quality
- Enterprise valuei
- 16.12B
- PEG ratioi
- 0.60
PEG uses trailing P/E against the 3-year net income growth rate (15.67%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG."
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34.06B | 33.67B | 23.29B | 42.08B | 57.34B | 47.34B | 48.89B | 44.26B |
| Gross profit | 3.74B | 3.61B | 2.20B | 2.80B | 3.20B | 2.49B | 2.83B | 2.88B |
| Selling & admin expenses | 320.00M | 302.00M | 276.00M | 298.00M | 330.00M | 305.00M | 334.00M | 348.00M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.16B | 2.01B | 851.00M | 1.43B | 1.55B | 1.10B | 1.02B | 1.37B |
| Pretax profit | 2.41B | 2.24B | -2.61B | 712.00M | 1.41B | 1.36B | 963.00M | 1.40B |
| Tax | 302.00M | 176.00M | -167.00M | 112.00M | 246.00M | 129.00M | 124.00M | 92.00M |
| Net profit | 2.11B | 2.06B | -2.44B | 600.00M | 1.16B | 1.43B | 1.07B | 1.69B |
| Basic EPS | 2 | 2 | -3 | 0 | 1 | 1 | 1 | 1 |
| Diluted EPS | 2.11 | 1.96 | -3.07 | 0.31 | 0.86 | 1.00 | 0.51 | 1.30 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 11.48B | 10.64B | 11.58B | 10.56B | 12.47B | 17.69B |
| Gross profit | 728.00M | 649.00M | 763.00M | 736.00M | 734.00M | 895.00M |
| Selling & admin expenses | 86.00M | 84.00M | 84.00M | 93.00M | 83.00M | 111.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 342.00M | 279.00M | 391.00M | 362.00M | 350.00M | 456.00M |
| Pretax profit | 388.00M | 229.00M | 458.00M | 321.00M | 333.00M | 375.00M |
| Tax | 32.00M | 16.00M | 30.00M | 16.00M | 8.00M | 209.00M |
| Net profit | 492.00M | 283.00M | 504.00M | 407.00M | 222.00M | 1.82B |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 2 |
| Diluted EPS | 0.42 | 0.15 | 0.41 | 0.41 | 0.10 | 1.97 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 3.54B | 4.61B | 3.67B | 6.14B | 5.36B | 4.92B | 4.78B | 4.70B |
| Cash & ST investments | 69.00M | 47.00M | 25.00M | 452.00M | 404.00M | 453.00M | 349.00M | 329.00M |
| Inventory | 640.00M | 604.00M | 647.00M | 783.00M | 729.00M | 548.00M | 261.00M | 211.00M |
| Total assets | 26.83B | 29.97B | 25.95B | 29.98B | 29.21B | 28.60B | 27.76B | 31.28B |
| Total current liabilities | 3.46B | 5.02B | 4.26B | 6.23B | 5.89B | 5.01B | 4.92B | 4.90B |
| Short-term debt | 66.00M | 504.00M | 831.00M | 822.00M | 1.16B | 446.00M | 407.00M | 563.00M |
| Long-term debt | 9.14B | 9.19B | 9.38B | 8.40B | 7.29B | 7.31B | 7.21B | 10.70B |
| Total liabilities | 13,511,000,000.00 | 15,484,000,000.00 | 14,761,000,000.00 | 15,801,000,000.00 | 14,569,000,000.00 | 13,625,000,000.00 | 13,440,000,000.00 | 17,060,000,000.00 |
| Total equity | 13.32B | 14.49B | 11.19B | 14.18B | 14.64B | 14.97B | 14.32B | 14.22B |
| Retained earnings | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 4.73B | 4.66B | 5.58B | 4.70B | 6.16B | 6.53B |
| Cash & ST investments | 429.00M | 460.00M | 1.18B | 329.00M | 172.00M | 1.06B |
| Inventory | 335.00M | 151.00M | 184.00M | 211.00M | 380.00M | 84.00M |
| Total assets | 28.25B | 28.30B | 29.25B | 31.28B | 32.76B | 30.23B |
| Total current liabilities | 4.68B | 4.65B | 5.36B | 4.90B | 6.54B | 5.85B |
| Short-term debt | 478.00M | 475.00M | 1.01B | 563.00M | 420.00M | 9.00M |
| Long-term debt | 8.20B | 8.20B | 8.44B | 10.70B | 10.96B | 8.43B |
| Total liabilities | 14,192,000,000.00 | 14,175,000,000.00 | 15,106,000,000.00 | 17,060,000,000.00 | 18,808,000,000.00 | 14,919,000,000.00 |
| Total equity | 14.06B | 14.13B | 14.15B | 14.22B | 13.95B | 15.31B |
| Retained earnings | -- | -- | -- | -- | -- | -- |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.60B | 2.50B | 1.51B | 1.99B | 2.40B | 2.72B | 2.48B | 2.93B |
| Depreciation & amortization | 521.00M | 604.00M | 656.00M | 777.00M | 968.00M | 912.00M | 901.00M | 953.00M |
| Free cash flow | 970.00M | 1.32B | 772.00M | 1.66B | 1.87B | 2.30B | 2.02B | 2.26B |
| Dividends paid | -189.00M | -231.00M | -166.00M | -140.00M | -162.00M | -209.00M | -251.00M | -301.00M |
| Stock buybacks / issuance | 0 | 0 | -50.00M | -178.00M | -74.00M | 0 | 0 | -8.00M |
| Ending cash balance | 69.00M | 84.00M | 63.00M | 456.00M | 404.00M | 453.00M | 349.00M | 329.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 638.00M | 692.00M | 817.00M | 784.00M | 418.00M | 952.00M |
| Depreciation & amortization | 232.00M | 234.00M | 230.00M | 257.00M | 243.00M | 243.00M |
| Free cash flow | 492.00M | 528.00M | 615.00M | 626.00M | 286.00M | 816.00M |
| Dividends paid | -75.00M | -75.00M | -75.00M | -76.00M | -83.00M | -82.00M |
| Stock buybacks / issuance | -- | -- | 0 | 0 | -- | -- |
| Ending cash balance | 429.00M | 460.00M | 1.18B | 329.00M | 172.00M | 1.06B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 18.86 | 16.55 | -31.39 | 4.00 | 10.99 | 12.89 | 7.11 | 19.29 |
| ROA %i | 1.25 | 1.17 | -2.03 | 0.21 | 0.57 | 0.69 | 0.37 | 0.88 |
| ROIC %i | 6.27 | 6.21 | -1.32 | 3.62 | 4.70 | 5.43 | 4.30 | 6.13 |
| 5-year avg ROE %i | -1.25 | 1.02 | -6.64 | -6.91 | 3.80 | 2.61 | 0.72 | 10.86 |
| EBIT margin %i | 8.34 | 7.91 | -9.32 | 2.70 | 3.16 | 4.11 | 3.31 | 4.21 |
| FCF / sales %i | 2.85 | 3.92 | 3.31 | 3.93 | 3.40 | 4.44 | 3.68 | 5.11 |
| Current ratioi | 1.02 | 0.92 | 0.86 | 0.98 | 0.91 | 0.98 | 0.97 | 0.96 |
| Quick ratioi | 0.73 | 0.73 | 0.61 | 0.83 | 0.73 | 0.84 | 0.82 | 0.80 |
| Debt / assetsi | 34.32 | 33.63 | 40.58 | 31.89 | 29.97 | 28.06 | 28.14 | 36.64 |
| LT debt / equityi | 495.29 | 444.27 | 662.50 | 569.93 | 498.36 | 489.60 | 547.96 | 810.26 |
| Interest coveragei | 6.59 | 6.27 | -4.98 | 2.68 | 4.48 | 5.18 | 4.34 | 3.99 |
| Revenue CAGR (3Y) %i | 13.73 | 18.60 | -3.88 | 7.31 | 19.42 | 26.67 | 5.13 | -8.27 |
| Net income CAGR (3Y) %i | 41.46 | 52.14 | -- | -43.58 | -20.23 | -- | 19.74 | 15.67 |
| FCF CAGR (3Y) %i | -- | -- | -19.36 | 19.49 | 12.24 | 43.98 | 6.78 | 6.63 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 10.09 | 9.56 | 13.32 | 19.29 | 14.90 | 37.76 |
| ROA %i | 0.51 | 0.48 | 0.65 | 0.88 | 0.64 | 1.89 |
| ROIC %i | 4.55 | 4.90 | 5.42 | 6.13 | 5.82 | 9.68 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 3.73 | 3.35 | 3.99 | 4.21 | 4.07 | 3.85 |
| FCF / sales %i | 4.06 | 4.24 | 4.44 | 5.11 | 4.54 | 4.48 |
| Current ratioi | 1.01 | 1.00 | 1.04 | 0.96 | 0.94 | 1.12 |
| Quick ratioi | 0.91 | 0.87 | 0.90 | 0.80 | 0.76 | 1.08 |
| Debt / assetsi | 31.80 | 31.34 | 32.94 | 36.64 | 35.34 | 28.56 |
| LT debt / equityi | 627.21 | 619.94 | 641.41 | 810.26 | 875.82 | 545.95 |
| Interest coveragei | 4.74 | 3.91 | 4.40 | 3.99 | 3.66 | 3.81 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Crude Oil is the largest reported line at 100.38% of revenue, across 3 reported segments.
- The next-largest line, Natural gas liquids (NGL), is a distant second at 0.12% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Crude Oil100.38%
Natural gas liquids (NGL)0.12%
Quote time 2026-10-08 07:04:42 · For reference only, not investment advice and not tailored to your situation.