Plains GP Holdings, L.P.

Plains GP Holdings, L.P.

PAGPยทNASDAQ

$24.83

-1.1%
EnergyOil & Gas Midstream

Plains 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.

At a Glance

Live Snapshot
Market Cap$4.91B
EPS1.3100
P/E Ratio18.95
Earnings Date08/14/2026
3Y+22.0%
5Y+94.0%
10Y+312.0%
3Y+540.0%
5Y+208.0%
10Y+164.0%
3Y-121.0%
5Y-193.0%
10Y-30.0%
PAGP

Plains GP Holdings, L.P. Cash Conversion Engine

PAGP ยท NASDAQ
Net Income1.77B
Depreciation & Amortization953.00M
Stock-Based Compensation49.00M
Change in Working Capital-34.00M
Others180.00M
Capital Expenditures-643.00M
Free Cash Flow2.29B

Cash Flow Quality Analysis

FCF Conversion Rate

129.3%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

21.9%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+24.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$34.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Plains GP Holdings, L.P. Cash Flow Statement

PAGP โ€ข NASDAQ

Plains GP Holdings, L.P. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
OPERATING ACTIVITIES
1.8B
1.1B
1.4B
1.2B
600M
-2.4B
2.1B
2.1B
-41M
660M
809M
1.3B
1.4B
1.1B
987M
501M
953M
1B
1.1B
968M
777M
656M
604M
521M
628M
495M
433M
394M
378M
483M
250M
257M
14M
9M
44M
162M
62M
-218M
64M
236M
909M
-7M
98M
141M
-7M
-19M
-21M
-21M
49M
52M
51M
41M
24M
16M
35M
79M
41M
60M
27M
99M
116M
101M
110M
98M
180M
255M
-43M
261M
755M
3.7B
-253M
-206M
17M
-10M
80M
295M
14M
15M
31M
18M
(0.0)
(269M)
(69M)
(112M)
(76M)
(111M)
(136M)
(21M)
(50M)
(98M)
(50M)
(159M)
(37M)
(72M)
(11M)
(22M)
-34M
72M
194M
-191M
-227M
-158M
-12M
-133M
942M
-487M
-114M
-269M
73M
-466M
1B
-605M
2.9B
2.5B
2.7B
2.4B
2B
1.5B
2.5B
2.6B
2.5B
711M
1.3B
2B
1.9B
1.2B
2.4B
248M
INVESTING ACTIVITIES
-643M
-640M
-582M
-455M
-336M
-738M
-1.2B
-1.6B
-1B
-1.3B
-2.1B
-1.9B
-1.6B
-1.2B
-635M
-451M
-2.5B
-252M
-458M
-163M
-126M
-771M
-574M
-458M
-1.7B
-583M
-358M
-1.3B
-161M
-2.2B
-1.4B
-407M
-2M
(0.0)
(0.0)
-14M
-94M
-461M
-524M
(200M)
-416M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
14M
94M
461M
524M
-200M
21M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-224M
17M
338M
92M
848M
416M
-10M
1.3B
1.1B
644M
-93M
-108M
121M
-15M
5M
7M
-3.4B
-875M
-702M
-526M
(386M)
-1.1B
-1.8B
-813M
-1.6B
-1.3B
-2.5B
-3.3B
-1.7B
-3.4B
-2B
-851M
FINANCING ACTIVITIES
-341M
0.0
0.0
-74M
-178M
-50M
0.0
0.0
2.5B
2.4B
1.1B
848M
3.3B
959M
1.2B
558M
2.6B
-140M
-667M
-750M
-912M
427M
416M
-701M
-2B
-103M
1.4B
2.3B
740M
2.2B
-756M
738M
-301M
-251M
-209M
-162M
-140M
-166M
-231M
-189M
-271M
-234M
-195M
-91M
-2.8B
-3M
-2M
-2M
-341M
(0.0)
(0.0)
-74M
-178M
-50M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-1.5B
-1.3B
-1.1B
-941M
-749M
-641M
-902M
-863M
-1.1B
-1.5B
-1.5B
-1.3B
-1.5B
-997M
-819M
-681M
399M
-1.7B
-2B
-1.9B
-2B
-430M
-717M
-1.8B
-940M
571M
827M
1.7B
-274M
2.2B
-337M
613M
CASH FLOW SUMMARY
14M
-11M
0.0
-3M
-5M
-8M
-3M
-9M
4M
4M
-4M
-3M
-3M
-1M
-10M
-1M
-20M
-104M
49M
-52M
393M
-21M
15M
29M
-10M
20M
-374M
361M
18M
-2M
-10M
9M
348M
453M
404M
456M
63M
84M
69M
40M
50M
30M
404M
43M
25M
27M
37M
28M
328M
349M
453M
404M
456M
63M
84M
69M
40M
50M
30M
404M
43M
25M
27M
37M
2.3B
1.8B
2.1B
1.9B
1.7B
772M
1.3B
970M
1.5B
-623M
-746M
56M
335M
28M
1.7B
-203M

SEC Filings

PAGP - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 02, 2026
June 01, 2026
2026
8-K

8-K 2026

N/A

May 22, 2026
May 20, 2026
2026
8-K

8-K 2026

N/A

May 13, 2026
May 11, 2026
2026
8-K

8-K 2026

N/A

May 12, 2026
May 12, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 08, 2026
May 08, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 10, 2026
May 20, 2026
2026
S-3

S-3

N/A

March 30, 2026
March 30, 2026
ย 
8-K

8-K 2026

N/A

March 03, 2026
February 26, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
Showing 1 to 10 of 277 filings