(PAGP) Plains GP Holdings - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NASDAQ (USA) | Market Cap: 5.902m USD | Total Return: 58.5% in 12m
Avg Turnover: 46.7M
EPS Trend: 6.1%
Qual. Beats: 1
Rev. Trend: -75.9%
Qual. Beats: 0
Warnings
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Tailwinds
Tailwind, Garp
Plains GP Holdings, L.P. (PAGP) manages midstream energy infrastructure across the United States and Canada through its interest in Plains All American Pipeline. The company’s operations are divided into Crude Oil and Natural Gas Liquids (NGL) segments, focusing on the gathering, transportation, storage, and terminalling of energy commodities. Key logistical assets include pipelines, storage facilities, and processing plants designed to move hydrocarbons from production basins to refineries and export hubs.
As a midstream provider, the company often utilizes a fee-based business model, which aims to reduce direct exposure to commodity price volatility by charging for the volume of product moved or stored. The Oil & Gas Storage & Transportation sector serves as a critical link in the energy supply chain, providing the necessary scale to handle large-capacity flows from regions like the Permian Basin. Investors can examine ValueRay for further data on this entity. Headquartered in Houston, PAGP functions as the general partner entity for its underlying master limited partnership structure.
- Permian Basin crude oil volume growth drives pipeline throughput and fee revenue
- Fluctuations in crude oil and NGL price differentials impact marketing segment margins
- Strategic asset sales and debt reduction initiatives influence distribution growth potential
- Regulatory shifts in North American pipeline permitting affect long term infrastructure expansion
- Global energy demand volatility dictates storage utilization rates and terminal service fees
| 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 (2.63b): 4.42 < 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 0.29%; Δ 523.1% > 0.5%) |
| Asset Turnover: 148.3% > 50% (prev 176.7%; Δ -28.32% > 0%) |
| Interest Coverage Ratio: 3.27 > 6 (EBITDA TTM 2.63b / Interest Expense TTM 526.0m) |
| DSRI: 1.39 (Receivables 4.82b/3.82b, Revenue 45.3b/49.9b) |
| GMI: 5.27 (GM 5.52% / 29.13%) |
| 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 = 1.11 (Cap -4..+1) = D |
As of May 23, 2026, the stock is trading at USD 25.51 with a total of 2,386,076 shares traded.
Over the past week, the price has changed by +5.66%,
over one month by +15.09%,
over three months by +18.76% and
over the past year by +58.50%.
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 | 23.2 | -9% |
P/E Forward = 15.1515
P/S = 0.1304
P/B = 3.9356
P/EG = 0.6972
Revenue TTM = 45.3b USD
EBIT TTM = 1.72b USD
EBITDA TTM = 2.63b USD
Long Term Debt = 10.7b USD (from longTermDebt, last fiscal year)
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 = 17.5b USD (5.90b + Debt 11.8b - CCE 172.0m)
Interest Coverage Ratio = 3.27 (Ebit TTM 1.72b / Interest Expense TTM 526.0m)
EV/FCF = 8.26x (Enterprise Value 17.5b / FCF TTM 2.12b)
FCF Yield = 12.10% (FCF TTM 2.12b / Enterprise Value 17.5b)
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 = 0.53 (Enterprise Value 17.5b / Total Assets 32.8b)
Interest Expense / Debt = 4.47% (Interest Expense 526.0m / Debt 11.8b)
Taxrate = 2.40% (8.00m / 333.0m)
NOPAT = 1.68b (EBIT 1.72b * (1 - 2.40%))
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 = 4.42 (Net Debt 11.6b / EBITDA 2.63b)
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 = 14.29% (EBIT 1.72b / Capital Employed (Equity 1.33b + L.T.Debt 10.7b))
RoIC = 6.33% (NOPAT 1.68b / Invested Capital 26.5b)
WACC = 5.36% (E(5.90b)/V(17.7b) * Re(7.36%) + D(11.8b)/V(17.7b) * Rd(4.47%) * (1-Tc(0.02)))
Discount Rate = 7.36% (= 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: 6.08 | EPS CAGR: 2.62% | SUE: 3.26 | # QB: 1
Revenue Correlation: -75.86 | Revenue CAGR: -3.45% | SUE: 0.52 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.45 | Chg30d=-12.35% | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.51 | Chg30d=-12.00% | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=2.04 | Chg30d=-1.67% | Revisions=N/A | GrowthEPS=+99.1% | GrowthRev=+12.7%
EPS next Year (2027-12-31): EPS=2.31 | Chg30d=+9.38% | Revisions=N/A | GrowthEPS=+13.2% | GrowthRev=+1.9%