(PAGP) Plains GP Holdings - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US72651A1088

Crude Oil, Natural Gas Liquids, Pipelines, Storage

Oil & Gas Storage & Transportation
Market Cap in USD: 4,460m

IPO / Inception: 2013-10-16
Return 12m vs S&P 500: -11.4%

EPS (Earnings per Share)

EPS CAGR: -61.61%
EPS Trend: -29.8%

Last SUE: -2.85
Qual. Beats: 0

Revenue

Rev. CAGR: -3.02%
Rev. Trend: -68.2%

Last SUE: -0.67
Qual. Beats: 0

Dividends

Dividend Yield	7.67%
Yield on Cost 5y	22.22%
Yield CAGR 5y	20.54%
Payout Consistency	90.3%
Payout Ratio	78.9%

Risk via 5d forecast
Volatility	20.2%
Value at Risk 5%th	34.2%
Relative Tail Risk	2.84%

Reward TTM
Sharpe Ratio	0.26
Alpha	0.13
CAGR/Max DD	1.17

Character TTM
Hurst Exponent	0.395
Beta	0.660
Beta Downside	0.955

Drawdowns 3y
Max DD	21.02%
Mean DD	5.47%
Median DD	4.10%

Description: PAGP Plains GP Holdings January 08, 2026

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 mid-stream assets across the United States and Canada. The business is split into two primary segments-Crude Oil and Natural Gas Liquids (NGLs)-and it provides gathering, transportation (via pipelines, trucks, barges, and rail), terminalling, storage, and processing services for both product streams.

Key operational metrics (as of Q4 2023) include roughly 13,500 miles of crude-oil pipelines and 2.2 billion gallons per day of NGL processing capacity, with utilization rates hovering near 85 % for oil pipelines and 78 % for NGL fractionation facilities. The company generated $1.9 billion in operating cash flow in 2023, driven largely by a $12 billion increase in U.S. crude production and sustained demand for ethane-rich NGLs in petrochemical feedstocks.

Sector-level drivers that materially affect Plains GP Holdings are (1) the continued growth of U.S. shale output, which expands feedstock volumes for midstream transport; (2) tightening pipeline capacity constraints in key basins such as Permian and Bakken, which can lift fee-based revenue per barrel; and (3) regulatory risk surrounding pipeline approvals, which introduces upside volatility to project pipelines and downstream storage demand.

For a deeper dive into the valuation metrics and peer comparison, see ValueRay’s analysis.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income (186.0m TTM) > 0 and > 6% of Revenue (6% = 2.80b TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA -0.03pp (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 0.10 (>3.0%) and CFO 2.87b > 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) 55.09

1. Piotroski 2.0pt

2. FCF Yield 16.99%

3. FCF Margin 4.71%

4. Debt/Equity 7.17

5. Debt/Ebitda 3.06

6. ROIC - WACC (= 13.88)%

7. RoE 4.34%

8. Rev. Trend -68.21%

9. EPS Trend -29.82%

What is the price of PAGP shares?

As of January 11, 2026, the stock is trading at USD 19.83 with a total of 1,661,351 shares traded.
Over the past week, the price has changed by +2.16%, over one month by +6.90%, over three months by +17.75% and over the past year by +7.25%.

Is PAGP a buy, sell or hold?

Plains GP Holdings has received a consensus analysts rating of 3.77. Therefor, it is recommend to hold PAGP.

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	20.8	4.9%
Analysts Target Price	20.8	4.9%
ValueRay Target Price	25.4	27.8%

PAGP Fundamental Data Overview January 11, 2026

P/E Trailing = 25.1842
P/E Forward = 12.3916
P/S = 0.0951
P/B = 2.816
P/EG = 0.6972
Beta = 0.546
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 = 12.92b USD (4.46b + Debt 9.64b - CCE 1.18b)
Interest Coverage Ratio = 4.34 (Ebit TTM 1.84b / Interest Expense TTM 424.0m)
EV/FCF = 5.88x (Enterprise Value 12.92b / FCF TTM 2.19b)
FCF Yield = 16.99% (FCF TTM 2.19b / Enterprise Value 12.92b)
FCF Margin = 4.71% (FCF TTM 2.19b / 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 = 0.44 (Enterprise Value 12.92b / 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 = 3.85 (Net Debt 8.46b / FCF TTM 2.19b)
Total Stockholder Equity = 4.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.65% (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 = 3.38% (E(4.46b)/V(14.10b) * Re(8.35%) + D(9.64b)/V(14.10b) * Rd(1.16%) * (1-Tc(0.07)))
Discount Rate = 8.35% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.64%
[DCF Debug] Terminal Value 87.30% ; FCFF base≈2.17b ; Y1≈2.41b ; Y5≈3.13b
Fair Price DCF = 423.6 (EV 92.27b - Net Debt 8.46b = Equity 83.82b / Shares 197.9m; r=5.90% [WACC]; 5y FCF grow 12.47% → 2.90% )
EPS Correlation: -29.82 | EPS CAGR: -61.61% | SUE: -2.85 | # QB: 0
Revenue Correlation: -68.21 | Revenue CAGR: -3.02% | SUE: -0.67 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.64 | Chg30d=+0.050 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=2.44 | Chg30d=+0.975 | Revisions Net=+2 | Growth EPS=+43.7% | Growth Revenue=+8.1%

Additional Sources for PAGP Stock

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