PAGP Stock Analysis: Plains GP Holdings | NASDAQ
Oil & Gas Midstream | NASDAQ, USA | Market Cap: 6.042m USD | 12M Return: 66.7% | US72651A2078 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 44.5M
EPS Trend: -48.7%
Qual. Beats: -6
Rev. Trend: -26.0%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 midstream energy company that owns and operates crude oil and natural gas liquids (NGL) infrastructure across the United States and Canada through its subsidiary, Plains All American Pipeline, L.P. Its operations are organized into two segments-Crude Oil and Natural Gas Liquids (NGLs)-encompassing gathering and transportation via pipelines, trucks, barges, and railcars, as well as terminalling, storage, natural gas processing, and NGL fractionation services. The partnership was incorporated in 2013 and trades on NASDAQ as a mid-cap equity in the Energy sector, classified under Oil & Gas Storage & Transportation.
As a midstream operator, Plains GP Holdings functions as an intermediary between upstream oil and gas producers and downstream refiners or end-users, typically generating revenue through fee-based, volume-driven services rather than commodity price exposure. The companys dual-segment structure reflects the broader industrys separation of hydrocarbon logistics by product type, with crude oil and NGLs requiring distinct pipeline networks, storage facilities, and processing infrastructure.
- Permian crude volumes boost pipeline transportation revenue
- NGL fractionation margins expand on strong ethane demand
- Distribution hikes and debt reduction accelerate 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 (7.77b) to EBITDA (2.65b): 2.93 < 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 October 11, 2026, the stock is trading at USD 26.62 with a total of 832,662 shares traded. Over the past week, the price has changed by +2.15%, over one month by -4.83%, over three months by +9.63% and over the past year by +66.72%.
Current recommended Stop Loss: 25.40 (which is 4.6% or 2.4 ATR below the current price).
Plains GP Holdings has received a consensus analysts rating of 3.64. Therefore, it is recommended to hold PAGP.
- StrongBuy: 5
- Buy: 1
- Hold: 6
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 26.1 | -2% |
P/E Trailing = 74.0857
P/E Forward = 12.0627
P/S = 0.1155
P/B = 3.3418
P/EG = 0.6972
Revenue TTM = 52.3b USD
EBIT TTM = 1.71b USD
EBITDA TTM = 2.65b USD
Long Term Debt = 8.43b USD (from longTermDebt, last quarter)
Short Term Debt = 9.00m USD (from shortTermDebt, last quarter)
Debt = 8.83b USD (from shortLongTermDebtTotal, last quarter) + Leases 194.0m
Net Debt = 7.77b USD (calculated: Debt 8.83b - CCE 1.06b)
Enterprise Value = 13.8b USD (6.04b + Debt 8.83b - CCE 1.06b)
Interest Coverage Ratio = 3.09 (Ebit TTM 1.71b / Interest Expense TTM 551.0m)
EV/FCF = 5.26x (Enterprise Value 13.8b / FCF TTM 2.62b)
FCF Yield = 19.00% (FCF TTM 2.62b / Enterprise Value 13.8b)
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 = 0.46 (Enterprise Value 13.8b / Total Assets 30.2b)
Interest Expense / Debt = 6.24% (Interest Expense 551.0m / Debt 8.83b)
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 = 5.59 (Debt 8.83b / totalStockholderEquity, last quarter 1.58b)
Debt / EBITDA = 2.93 (Net Debt 7.77b / EBITDA 2.65b)
Debt / FCF = 2.96 (Net Debt 7.77b / 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 = 17.37% (EBIT 1.71b / Capital Employed (Equity 1.39b + L.T.Debt 8.43b))
RoIC = 6.02% (NOPAT 1.40b / Invested Capital 23.3b)
WACC = 5.70% (E(6.04b)/V(14.9b) * Re(6.51%) + D(8.83b)/V(14.9b) * Rd(6.24%) * (1-Tc(0.18)))
Discount Rate = 6.51% (= 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 = 270.0 (EV 61.2b - Net Debt 7.77b = Equity 53.4b / 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=0.49 | Chg30d=-2.92% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=2.29 | Chg30d=+21.89% | Revisions=-40% | GrowthEPS=+124.1% | GrowthRev=+28.0%
EPS next Year (2027-12-31): EPS=2.06 | Chg30d=-4.09% | Revisions=+0% | GrowthEPS=-10.1% | GrowthRev=-0.1%
[Analyst] Revisions Ratio: -22% (up=2, down=4)