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-23.0%
5Y+90.0%
10Y+119.0%
3Y+55.0%
5Y-146.0%
10Y+177.0%
3Y+22.0%
5Y+94.0%
10Y+312.0%
Plains GP Holdings, L.P.

Plains GP Holdings, L.P. Profit Bridge

PAGP ยท NASDAQ
Revenue44.26B
Cost of Goods Sold (41.59B)
Gross Profit2.67B
Operating Expenses (1.25B)
Operating Income1.43B
Interest Expense (467.00M)
Other Income/Expense-33.00M
Pretax Income1.40B
Income Tax (92.00M)
Net Income260.00M
Net Income
260.00M

Profitability Analysis

Gross Margin

6.0%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

3.2%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

0.6%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

6.6%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

Plains GP Holdings, L.P. Income Statement

PAGP โ€ข NASDAQ

Plains GP Holdings, L.P. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
REVENUE
44.3B
50.1B
48.7B
57.3B
42.1B
23.3B
33.7B
34.1B
26.2B
20.2B
23.2B
43.5B
42.2B
37.8B
34.3B
25.9B
GROSS PROFIT
(41.6B)
(46.6B)
(45.6B)
(54.1B)
(39.3B)
(21.1B)
(30.1B)
(30.3B)
(23.6B)
(17.7B)
(20.2B)
(39.9B)
(38.8B)
(34.9B)
(31.8B)
(24.2B)
2.7B
3.5B
3.1B
3.2B
2.8B
2.2B
3.6B
3.7B
2.6B
2.5B
3B
3.6B
3.4B
2.9B
2.5B
1.7B
OPERATING INCOME
(1.2B)
(2.3B)
(1.6B)
(1.9B)
(2B)
(4.6B)
(1.6B)
(1.6B)
(1.5B)
(1.5B)
(1.7B)
(1.8B)
(1.7B)
(1.5B)
(1.2B)
(949M)
(342M)
(387M)
(356M)
(330M)
(298M)
(276M)
(302M)
(320M)
(280M)
(282M)
(281M)
(331M)
(360M)
(342M)
(294M)
(260M)
1.4B
1.2B
1.5B
1.3B
842M
-2.4B
2B
2.3B
1.1B
990M
1.3B
1.8B
1.7B
1.4B
1.3B
766M
PRE-TAX INCOME
(467M)
(382M)
(386M)
(405M)
(425M)
(436M)
(425M)
(431M)
(510M)
(480M)
(443M)
(357M)
(319M)
(295M)
(259M)
(258M)
-467M
-360M
-386M
-405M
-425M
-436M
-425M
-431M
-510M
-480M
-443M
-357M
-319M
-295M
-259M
-258M
(899M)
(1.9B)
(1.3B)
(1.6B)
(1.7B)
(4.3B)
(1.3B)
-7M
-31M
(33M)
-7M
-2M
(1M)
(6M)
-19M
-9M
-33M
102M
113M
125M
-130M
-224M
258M
137M
-251M
-252M
-267M
-251M
-274M
-251M
-265M
-264M
1.4B
1.3B
1.6B
1.4B
712M
-2.6B
2.2B
2.4B
896M
738M
991M
1.5B
1.5B
1.2B
1B
502M
NET INCOME
(92M)
(204M)
(189M)
(246M)
(112M)
-167M
(176M)
(302M)
(937M)
(78M)
(182M)
(212M)
(106M)
(55M)
(45M)
(1M)
260M
103M
198M
168M
60M
-568M
331M
334M
-731M
94M
118M
70M
15M
40M
2M
2M

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