(PAGP) Plains GP Holdings - Ratings and Ratios
Crude, NGLs, Pipelines, Storage, Terminals
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 19.9% |
| Value at Risk 5%th | 33.5% |
| Relative Tail Risk | 2.57% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.15 |
| Alpha | -4.54 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.429 |
| Beta | 0.681 |
| Beta Downside | 0.983 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.02% |
| Mean DD | 5.37% |
| Median DD | 3.99% |
Description: PAGP Plains GP Holdings November 05, 2025
Plains GP Holdings, L.P. (NASDAQ:PAGP) is the master limited partnership that, through its operating subsidiary Plains All American Pipeline, L.P., owns and manages midstream oil-and-gas assets across the United States and Canada. The partnership was formed in 2013, is headquartered in Houston, Texas, and is structured with Plains GP Holdings LLC as its general partner.
The business is split into two primary segments-Crude Oil and Natural Gas Liquids (NGLs). In the Crude Oil segment, the company gathers, transports, and stores crude using a combination of pipelines, trucks, barges, and railcars, while also providing terminal services. In the NGL segment, it processes raw natural gas, fractionates NGLs, and offers storage, transportation, and terminaling solutions.
Key operational metrics from the most recent 2023 filing show an adjusted EBITDA of roughly **$1.3 billion**, a **pipeline capacity of about 5.5 million barrels per day**, and **NGL processing capacity near 1.2 million barrels per day**, with overall asset utilization averaging **≈85 %**. The partnership reported a **storage inventory of ~30 million barrels** across its terminals, positioning it to capture volume swings in a market where on-shore U.S. shale production remains robust.
Sector drivers that materially affect Plains GP Holdings include: (1) **crude-oil price volatility**, which directly impacts throughput volumes and fee-based revenue; (2) **U.S. shale output trends**, especially in the Permian and Bakken, feeding higher demand for gathering and processing capacity; and (3) **NGL demand from the petrochemical industry**, which has been rising as manufacturers seek feedstock for plastics and specialty chemicals, supporting higher NGL fractionation volumes.
For a deeper, data-rich look at how these dynamics translate into valuation signals, you might explore the analytical tools on ValueRay to see where PAGP’s risk-adjusted upside currently sits.
PAGP Stock Overview
| Market Cap in USD | 4,080m |
| Sub-Industry | Oil & Gas Storage & Transportation |
| IPO / Inception | 2013-10-16 |
| Return 12m vs S&P 500 | -7.46% |
| Analyst Rating | 3.77 of 5 |
PAGP Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 8.51% |
| Yield on Cost 5y | 25.98% |
| Yield CAGR 5y | 8.99% |
| Payout Consistency | 89.5% |
| Payout Ratio | 78.9% |
PAGP Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 20.45% |
| CAGR/Max DD Calmar Ratio | 0.97 |
| CAGR/Mean DD Pain Ratio | 3.81 |
| Current Volume | 1857.2k |
| Average Volume | 1368.9k |
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (186.0m TTM) > 0 and > 6% of Revenue (6% = 2.80b TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA 0.65pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 0.47% (prev 0.07%; Δ 0.40pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 2.56b > Net Income 186.0m (YES >=105%, WARN >=100%) |
| Net Debt (8.46b) to EBITDA (2.77b) ratio: 3.06 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.04 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (198.0m) change vs 12m ago 0.51% (target <= -2.0% for YES) |
| Gross Margin 6.30% (prev 29.17%; Δ -22.87pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 161.9% (prev 177.0%; Δ -15.11pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.34 (EBITDA TTM 2.77b / Interest Expense TTM 424.0m) >= 6 (WARN >= 3) |
ValueRay F-Score (Strict, 0-100) 59.01
| 1. Piotroski 2.50pt |
| 2. FCF Yield 19.11% |
| 3. FCF Margin 5.14% |
| 4. Debt/Equity 7.17 |
| 5. Debt/Ebitda 3.06 |
| 6. ROIC - WACC (= 13.97)% |
| 7. RoE 4.34% |
| 8. Rev. Trend -48.23% |
| 9. EPS Trend 6.45% |
What is the price of PAGP shares?
Over the past week, the price has changed by +2.74%, over one month by +7.57%, over three months by -2.52% and over the past year by +3.50%.
Is PAGP a buy, sell or hold?
- Strong Buy: 6
- Buy: 0
- Hold: 5
- Sell: 2
- Strong Sell: 0
What are the forecasts/targets for the PAGP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 20.6 | 14.6% |
| Analysts Target Price | 20.6 | 14.6% |
| ValueRay Target Price | 21.8 | 21% |
PAGP Fundamental Data Overview November 15, 2025
P/E Trailing = 23.0395
P/E Forward = 11.2994
P/S = 0.087
P/B = 2.5689
P/EG = 0.6972
Beta = 0.552
Revenue TTM = 46.63b USD
EBIT TTM = 1.84b USD
EBITDA TTM = 2.77b USD
Long Term Debt = 8.44b USD (from longTermDebt, last quarter)
Short Term Debt = 1.01b USD (from shortTermDebt, last quarter)
Debt = 9.64b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.46b USD (from netDebt column, last quarter)
Enterprise Value = 12.54b USD (4.08b + Debt 9.64b - CCE 1.18b)
Interest Coverage Ratio = 4.34 (Ebit TTM 1.84b / Interest Expense TTM 424.0m)
FCF Yield = 19.11% (FCF TTM 2.40b / Enterprise Value 12.54b)
FCF Margin = 5.14% (FCF TTM 2.40b / Revenue TTM 46.63b)
Net Margin = 0.40% (Net Income TTM 186.0m / Revenue TTM 46.63b)
Gross Margin = 6.30% ((Revenue TTM 46.63b - Cost of Revenue TTM 43.69b) / Revenue TTM)
Gross Margin QoQ = 6.09% (prev 6.10%)
Tobins Q-Ratio = 0.43 (Enterprise Value 12.54b / Total Assets 29.25b)
Interest Expense / Debt = 1.16% (Interest Expense 112.0m / Debt 9.64b)
Taxrate = 6.55% (30.0m / 458.0m)
NOPAT = 1.72b (EBIT 1.84b * (1 - 6.55%))
Current Ratio = 1.04 (Total Current Assets 5.58b / Total Current Liabilities 5.36b)
Debt / Equity = 7.17 (Debt 9.64b / totalStockholderEquity, last quarter 1.34b)
Debt / EBITDA = 3.06 (Net Debt 8.46b / EBITDA 2.77b)
Debt / FCF = 3.53 (Net Debt 8.46b / FCF TTM 2.40b)
Total Stockholder Equity = 4.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.64% (Net Income 186.0m / Total Assets 29.25b)
RoE = 4.34% (Net Income TTM 186.0m / Total Stockholder Equity 4.29b)
RoCE = 14.46% (EBIT 1.84b / Capital Employed (Equity 4.29b + L.T.Debt 8.44b))
RoIC = 17.27% (NOPAT 1.72b / Invested Capital 9.96b)
WACC = 3.30% (E(4.08b)/V(13.72b) * Re(8.52%) + D(9.64b)/V(13.72b) * Rd(1.16%) * (1-Tc(0.07)))
Discount Rate = 8.52% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.64%
[DCF Debug] Terminal Value 78.18% ; FCFE base≈2.29b ; Y1≈2.56b ; Y5≈3.38b
Fair Price DCF = 270.9 (DCF Value 53.61b / Shares Outstanding 197.9m; 5y FCF grow 13.39% → 3.0% )
EPS Correlation: 6.45 | EPS CAGR: 39.57% | SUE: 4.0 | # QB: 1
Revenue Correlation: -48.23 | Revenue CAGR: -4.00% | SUE: -0.67 | # QB: 0
Additional Sources for PAGP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle