PAGP Stock Analysis: Plains GP Holdings | NASDAQ
Oil & Gas Midstream | NASDAQ, USA | Market Cap: 5.939m USD | 12M Return: 53% | US72651A2078 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 40.7M
EPS Trend: -48.7%
Qual. Beats: -6
Rev. Trend: -26.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Plains GP Holdings, L.P. (PAGP) is a Houston-based master limited partnership that owns and operates midstream energy infrastructure across the United States and Canada through its subsidiary, Plains All American Pipeline, L.P. The companys operations are divided into two segments: Crude Oil and Natural Gas Liquids (NGLs). Its crude oil business includes gathering and transportation via pipelines, trucks, barges, and railcars, as well as terminalling and storage services. Its NGL segment covers natural gas processing, fractionation, storage, transportation, and terminalling activities. Plains GP Holdings was incorporated in 2013 and is structured as a partnership, with PAA GP Holdings LLC serving as its general partner.
As a midstream operator, the company sits in the middle of the oil and gas value chain, connecting production from upstream fields to refineries, processing plants, and export terminals. Midstream assets such as pipelines and storage facilities typically generate fee-based revenue under long-term contracts, which can provide relatively stable cash flows tied to volumes handled rather than commodity price exposure.
- Permian crude oil throughput volumes drive segment revenue
- NGL fractionation margins expand on rising ethane demand
- Distribution growth and debt reduction support capital returns
| Net Income: 554.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.29 > 1.0 |
| NWC/Revenue: 1.30% < 20% (prev 0.02%; Δ 1.28% < -1%) |
| CFO/TA 0.10 > 3% & CFO 2.98b > Net Income 554.0m |
| Net Debt (9.85b) to EBITDA (2.65b): 3.71 < 3 |
| Current Ratio: 1.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (198.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 5.08% > 18% (prev 30.33%; Δ -25.24% > 0.5%) |
| Asset Turnover: 178.7% > 50% (prev 168.9%; Δ 9.83% > 0%) |
| Interest Coverage Ratio: 3.09 > 6 (EBIT TTM 1.71b / Interest Expense TTM 551.0m) |
| DSRI: 1.35 (Receivables 5.27b/3.56b, Revenue 52.3b/47.8b) |
| GMI: 5.97 (GM 30.33% / 5.08%) |
| AQI: 0.70 (AQ_t 0.23 / AQ_t-1 0.33) |
| SGI: 1.09 (Revenue 52.3b / 47.8b) |
| TATA: -0.08 (NI 554.0m - CFO 2.98b) / TA 30.2b) |
| Beneish M = 1.64 (Cap -4..+1) = D |
As of August 23, 2026, the stock is trading at USD 26.84 with a total of 1,895,837 shares traded. Over the past week, the price has changed by +3.87%, over one month by +4.96%, over three months by +6.89% and over the past year by +52.98%.
Current recommended Stop Loss: 26.10 (which is 2.8% or 1.5 ATR below the current price).
Plains GP Holdings has received a consensus analysts rating of 3.77. Therefore, it is recommended to hold PAGP.
- StrongBuy: 6
- Buy: 0
- Hold: 5
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 24.6 | -8.2% |
P/E Trailing = 72.8286
P/E Forward = 15.1515
P/S = 0.1135
P/B = 3.9068
P/EG = 0.6972
Revenue TTM = 52.3b USD
EBIT TTM = 1.71b USD
EBITDA TTM = 2.65b USD
Long Term Debt = 10.7b USD (from longTermDebt, last fiscal year)
Short Term Debt = 9.00m USD (from shortTermDebt, last quarter)
Debt = 10.9b USD (corrected: LT Debt 10.7b + ST Debt 9.00m) + Leases 202.0m
Net Debt = 9.85b USD (calculated: Debt 10.9b - CCE 1.06b)
Enterprise Value = 15.8b USD (5.94b + Debt 10.9b - CCE 1.06b)
Interest Coverage Ratio = 3.09 (Ebit TTM 1.71b / Interest Expense TTM 551.0m)
EV/FCF = 6.02x (Enterprise Value 15.8b / FCF TTM 2.62b)
FCF Yield = 16.62% (FCF TTM 2.62b / Enterprise Value 15.8b)
FCF Margin = 5.02% (FCF TTM 2.62b / Revenue TTM 52.3b)
Net Margin = 1.06% (Net Income TTM 554.0m / Revenue TTM 52.3b)
Gross Margin = 5.08% ((Revenue TTM 52.3b - Cost of Revenue TTM 49.6b) / Revenue TTM)
Gross Margin QoQ = 4.57% (prev 3.46%)
Tobins Q-Ratio = 0.52 (Enterprise Value 15.8b / Total Assets 30.2b)
Interest Expense / Debt = 5.05% (Interest Expense 551.0m / Debt 10.9b)
Taxrate = 17.67% (263.0m / 1.49b)
NOPAT = 1.40b (EBIT 1.71b * (1 - 17.67%))
Current Ratio = 1.12 (Total Current Assets 6.53b / Total Current Liabilities 5.85b)
Debt / Equity = 6.90 (Debt 10.9b / totalStockholderEquity, last quarter 1.58b)
Debt / EBITDA = 3.71 (Net Debt 9.85b / EBITDA 2.65b)
Debt / FCF = 3.75 (Net Debt 9.85b / FCF TTM 2.62b)
Total Stockholder Equity = 1.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.89% (Net Income 554.0m / Total Assets 30.2b)
RoE = 39.97% (Net Income TTM 554.0m / Total Stockholder Equity 1.39b)
RoCE = 14.11% (EBIT 1.71b / Capital Employed (Equity 1.39b + L.T.Debt 10.7b))
RoIC = 6.02% (NOPAT 1.40b / Invested Capital 23.3b)
WACC = 5.02% (E(5.94b)/V(16.8b) * Re(6.59%) + D(10.9b)/V(16.8b) * Rd(5.05%) * (1-Tc(0.18)))
Discount Rate = 6.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 23.24 | Cagr: 0.23%
[DCF] Terminal Value 77.97% ; FCFF base≈2.41b ; Y1≈2.76b ; Y5≈4.07b
[DCF] Fair Price = 259.5 (EV 61.2b - Net Debt 9.85b = Equity 51.3b / Shares 197.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -48.66 | EPS CAGR: -14.17% | SUE: -4.0 | # QB: -6
Revenue Correlation: -25.98 | Revenue CAGR: -1.28% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.45 | Chg30d=-14.90% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.43 | Chg30d=-26.82% | Revisions=-25% | GrowthEPS=+39.7% | GrowthRev=+23.3%
EPS next Year (2027-12-31): EPS=2.15 | Chg30d=-1.82% | Revisions=+40% | GrowthEPS=+50.4% | GrowthRev=+1.4%
[Analyst] Revisions Ratio: +0% (up=2, down=2)