(PAGP) Plains GP Holdings - NASDAQ
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NASDAQ (USA) | Market Cap: 5.455m USD | Total Return: 32.6% in 12m
Avg Turnover: 32.5M
EPS Trend: 1.0%
Qual. Beats: -5
Rev. Trend: -75.9%
Qual. Beats: 0
Warnings
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Below Avwap Earnings
Tailwinds
No distinct edge detected
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: 195.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.74 > 1.0 |
| NWC/Revenue: -0.84% < 20% (prev 0.09%; Δ -0.93% < -1%) |
| CFO/TA 0.08 > 3% & CFO 2.71b > Net Income 195.0m |
| Net Debt (11.6b) to EBITDA (2.44b): 4.75 < 3 |
| Current Ratio: 0.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (198.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 5.52% > 18% (prev 29.13%; Δ -23.61% > 0.5%) |
| Asset Turnover: 148.3% > 50% (prev 176.7%; Δ -28.32% > 0%) |
| Interest Coverage Ratio: 2.92 > 6 (EBIT TTM 1.53b / Interest Expense TTM 526.0m) |
| DSRI: 1.39 (Receivables 4.82b/3.82b, Revenue 45.3b/49.9b) |
| GMI: 5.27 (GM 29.13% / 5.52%) |
| AQI: 1.15 (AQ_t 0.29 / AQ_t-1 0.25) |
| SGI: 0.91 (Revenue 45.3b / 49.9b) |
| TATA: -0.08 (NI 195.0m - CFO 2.71b) / TA 32.8b) |
| Beneish M = 1.18 (Cap -4..+1) = D |
As of June 27, 2026, the stock is trading at USD 23.76 with a total of 1,291,752 shares traded. Over the past week, the price has changed by +2.19%, over one month by -6.86%, over three months by -1.09% and over the past year by +32.55%.
Current recommended Stop Loss: 22.90 (which is 3.6% or 1.6 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 | 24.1 | 1.6% |
P/E Trailing = 30.0128
P/E Forward = 15.1515
P/S = 0.1205
P/B = 3.6365
P/EG = 0.6972
Revenue TTM = 45.3b USD
EBIT TTM = 1.53b USD
EBITDA TTM = 2.44b USD
Long Term Debt = 11.0b USD (from longTermDebt, last quarter)
Short Term Debt = 420.0m USD (from shortTermDebt, last quarter)
Debt = 11.8b USD (from shortLongTermDebtTotal, last quarter) + Leases 202.0m
Net Debt = 11.6b USD (calculated: Debt 11.8b - CCE 172.0m)
Enterprise Value = 17.1b USD (5.45b + Debt 11.8b - CCE 172.0m)
Interest Coverage Ratio = 2.92 (Ebit TTM 1.53b / Interest Expense TTM 526.0m)
EV/FCF = 8.05x (Enterprise Value 17.1b / FCF TTM 2.12b)
FCF Yield = 12.42% (FCF TTM 2.12b / Enterprise Value 17.1b)
FCF Margin = 4.68% (FCF TTM 2.12b / Revenue TTM 45.3b)
Net Margin = 0.43% (Net Income TTM 195.0m / Revenue TTM 45.3b)
Gross Margin = 5.52% ((Revenue TTM 45.3b - Cost of Revenue TTM 42.8b) / Revenue TTM)
Gross Margin QoQ = 3.46% (prev 6.75%)
Tobins Q-Ratio = 0.52 (Enterprise Value 17.1b / Total Assets 32.8b)
Interest Expense / Debt = 4.47% (Interest Expense 526.0m / Debt 11.8b)
Taxrate = 5.22% (70.0m / 1.34b)
NOPAT = 1.45b (EBIT 1.53b * (1 - 5.22%))
Current Ratio = 0.94 (Total Current Assets 6.16b / Total Current Liabilities 6.54b)
Debt / Equity = 9.25 (Debt 11.8b / totalStockholderEquity, last quarter 1.27b)
Debt / EBITDA = 4.75 (Net Debt 11.6b / EBITDA 2.44b)
Debt / FCF = 5.48 (Net Debt 11.6b / FCF TTM 2.12b)
Total Stockholder Equity = 1.33b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.64% (Net Income 195.0m / Total Assets 32.8b)
RoE = 14.67% (Net Income TTM 195.0m / Total Stockholder Equity 1.33b)
RoCE = 12.49% (EBIT 1.53b / Capital Employed (Equity 1.33b + L.T.Debt 11.0b))
RoIC = 5.49% (NOPAT 1.45b / Invested Capital 26.5b)
WACC = 5.18% (E(5.45b)/V(17.2b) * Re(7.23%) + D(11.8b)/V(17.2b) * Rd(4.47%) * (1-Tc(0.05)))
Discount Rate = 7.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 63.25 | Cagr: 0.57%
[DCF] Terminal Value 75.96% ; FCFF base≈2.09b ; Y1≈2.17b ; Y5≈2.45b
[DCF] Fair Price = 132.7 (EV 37.9b - Net Debt 11.6b = Equity 26.3b / Shares 197.9m; r=8.35% [WACC [floored]]; 5y FCF grow 4.08% → 2.50% )
EPS Correlation: 0.99 | EPS CAGR: 0.08% | SUE: -4.0 | # QB: -5
Revenue Correlation: -75.86 | Revenue CAGR: -3.45% | SUE: 0.52 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.45 | Chg30d=+0.96% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.53 | Chg30d=+2.93% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=1.97 | Chg30d=-3.60% | Revisions=-14% | GrowthEPS=+92.0% | GrowthRev=+16.9%
EPS next Year (2027-12-31): EPS=2.18 | Chg30d=-5.66% | Revisions=+14% | GrowthEPS=+10.8% | GrowthRev=+2.0%
[Analyst] Revisions Ratio: -14%