(PAGP) Plains GP Holdings - Overview

Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NASDAQ (USA) | Market Cap: 5.630m USD | Total Return: 44.3% in 12m

Crude Oil, Natural Gas, Liquids, Storage, Transportation
Total Rating 41
Safety 31
Buy Signal -0.33
Oil & Gas Midstream
Industry Rotation: -26.2
Market Cap: 5.63B
Avg Turnover: 43.1M USD
ATR: 2.16%
Peers RS (IBD): 57.3
Risk 5d forecast
Volatility22.0%
Rel. Tail Risk2.76%
Reward TTM
Sharpe Ratio1.58
Alpha27.15
Character TTM
Beta0.496
Beta Downside0.501
Drawdowns 3y
Max DD21.02%
CAGR/Max DD1.40
EPS (Earnings per Share) EPS (Earnings per Share) of PAGP over the last years for every Quarter: "2021-03": 0.36, "2021-06": -0.35, "2021-09": -0.12, "2021-12": 0.43, "2022-03": 1.11, "2022-06": 0.3, "2022-09": 0.33, "2022-12": 0.33, "2023-03": 1.46, "2023-06": 0.25, "2023-09": 0.2, "2023-12": 0.27, "2024-03": 0.21, "2024-06": 0.2, "2024-09": 0.37, "2024-12": 0.46, "2025-03": 0.23, "2025-06": 0.41, "2025-09": 0.8255, "2025-12": 0.31, "2026-03": 0,
EPS CAGR: -47.03%
EPS Trend: -14.5%
Last SUE: -2.59
Qual. Beats: 0
Revenue Revenue of PAGP over the last years for every Quarter: 2021-03: 8383, 2021-06: 9930, 2021-09: 10776, 2021-12: 12989, 2022-03: 13694, 2022-06: 16359, 2022-09: 14336, 2022-12: 12952, 2023-03: 12341, 2023-06: 11602, 2023-09: 12071, 2023-12: 12698, 2024-03: 11995, 2024-06: 12757, 2024-09: 12743, 2024-12: 12402, 2025-03: 12011, 2025-06: 10642, 2025-09: 11578, 2025-12: 10565, 2026-03: null,
Rev. CAGR: -6.68%
Rev. Trend: -76.8%
Last SUE: -0.11
Qual. Beats: 0

Warnings

Beneish M-Score 0.00 > -1.5 - likely earnings manipulation

Tailwinds

No distinct edge detected

Description: PAGP Plains GP Holdings

Plains GP Holdings, L.P. (PAGP) is an owner and operator of midstream energy infrastructure in the United States and Canada. Midstream companies primarily focus on the transportation and storage of oil and gas products.

The company operates in two segments: Crude Oil and Natural Gas Liquids (NGLs). Its activities include gathering, transporting (via pipelines, trucks, barges, and railcars), terminalling, and storing crude oil. NGL fractionation is a key process in separating NGLs into their individual components.

PAGP also engages in natural gas processing, NGL fractionation, storage, transportation, and terminalling. PAA GP Holdings LLC serves as the general partner. Further research on ValueRay can provide more in-depth analysis of PAGPs financial performance and operational metrics.

Headlines to Watch Out For
  • Crude oil transportation volumes impact revenue
  • NGL processing and fractionation margins affect profitability
  • Regulatory changes for pipeline operations create risk
  • Global energy demand influences commodity prices
Piotroski VR‑10 (Strict) 2.0
Net Income: 259.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.32 > 1.0
NWC/Revenue: -0.44% < 20% (prev 0.32%; Δ -0.76% < -1%)
CFO/TA 0.09 > 3% & CFO 2.93b > Net Income 259.0m
Net Debt (11.16b) to EBITDA (2.97b): 3.76 < 3
Current Ratio: 0.96 > 1.5 & < 3
Outstanding Shares: last quarter (198.0m) vs 12m ago 12.50% < -2%
Gross Margin: 6.82% > 18% (prev 0.29%; Δ 653.2% > 0.5%)
Asset Turnover: 154.9% > 50% (prev 187.9%; Δ -32.95% > 0%)
Interest Coverage Ratio: 4.38 > 6 (EBITDA TTM 2.97b / Interest Expense TTM 466.0m)
Beneish M 0.00
DSRI: 1.03 (Receivables 3.60b/3.90b, Revenue 44.80b/49.90b)
GMI: 4.22 (GM 6.82% / 28.81%)
AQI: 1.41 (AQ_t 0.30 / AQ_t-1 0.22)
SGI: 0.90 (Revenue 44.80b / 49.90b)
TATA: -0.09 (NI 259.0m - CFO 2.93b) / TA 31.28b)
Beneish M-Score: 0.00 (Cap -4..+1) = D
What is the price of PAGP shares? As of April 11, 2026, the stock is trading at USD 23.58 with a total of 902,304 shares traded.
Over the past week, the price has changed by -1.01%, over one month by +2.92%, over three months by +20.25% and over the past year by +44.27%.
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.
  • StrongBuy: 6
  • Buy: 0
  • Hold: 5
  • Sell: 2
  • StrongSell: 0
What are the forecasts/targets for the PAGP price?
Analysts Target Price 22.1 -6.4%
Plains GP Holdings (PAGP) - Fundamental Data Overview as of 09 April 2026
P/E Trailing = 31.3766
P/E Forward = 15.1515
P/S = 0.1272
P/B = 3.5417
P/EG = 0.6972
Revenue TTM = 44.80b USD
EBIT TTM = 2.04b USD
EBITDA TTM = 2.97b USD
Long Term Debt = 10.70b USD (from longTermDebt, last quarter)
Short Term Debt = 590.0m USD (from shortTermDebt, last quarter)
Debt = 11.49b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.16b USD (from netDebt column, last quarter)
Enterprise Value = 16.79b USD (5.63b + Debt 11.49b - CCE 329.0m)
Interest Coverage Ratio = 4.38 (Ebit TTM 2.04b / Interest Expense TTM 466.0m)
EV/FCF = 7.39x (Enterprise Value 16.79b / FCF TTM 2.27b)
FCF Yield = 13.53% (FCF TTM 2.27b / Enterprise Value 16.79b)
FCF Margin = 5.07% (FCF TTM 2.27b / Revenue TTM 44.80b)
Net Margin = 0.58% (Net Income TTM 259.0m / Revenue TTM 44.80b)
Gross Margin = 6.82% ((Revenue TTM 44.80b - Cost of Revenue TTM 41.74b) / Revenue TTM)
Gross Margin QoQ = 6.75% (prev 6.09%)
Tobins Q-Ratio = 0.54 (Enterprise Value 16.79b / Total Assets 31.28b)
Interest Expense / Debt = 1.19% (Interest Expense 137.0m / Debt 11.49b)
Taxrate = 4.97% (16.0m / 322.0m)
NOPAT = 1.94b (EBIT 2.04b * (1 - 4.97%))
Current Ratio = 0.96 (Total Current Assets 4.70b / Total Current Liabilities 4.90b)
Debt / Equity = 8.54 (Debt 11.49b / totalStockholderEquity, last quarter 1.34b)
Debt / EBITDA = 3.76 (Net Debt 11.16b / EBITDA 2.97b)
Debt / FCF = 4.91 (Net Debt 11.16b / FCF TTM 2.27b)
Total Stockholder Equity = 1.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.90% (Net Income 259.0m / Total Assets 31.28b)
RoE = 19.19% (Net Income TTM 259.0m / Total Stockholder Equity 1.35b)
RoCE = 16.94% (EBIT 2.04b / Capital Employed (Equity 1.35b + L.T.Debt 10.70b))
RoIC = 17.84% (NOPAT 1.94b / Invested Capital 10.87b)
WACC = 3.30% (E(5.63b)/V(17.12b) * Re(7.73%) + D(11.49b)/V(17.12b) * Rd(1.19%) * (1-Tc(0.05)))
Discount Rate = 7.73% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 33.33 | Cagr: 0.64%
[DCF] Terminal Value 87.30% ; FCFF base≈2.10b ; Y1≈2.33b ; Y5≈3.03b
[DCF] Fair Price = 394.0 (EV 89.14b - Net Debt 11.16b = Equity 77.98b / Shares 197.9m; r=6.0% [WACC]; 5y FCF grow 12.47% → 3.0% )
EPS Correlation: -14.53 | EPS CAGR: -47.03% | SUE: -2.59 | # QB: 0
Revenue Correlation: -76.80 | Revenue CAGR: -6.68% | SUE: -0.11 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.51 | Chg7d=+0.190 | Chg30d=+0.190 | Revisions Net=+2 | Analysts=2
EPS current Year (2026-12-31): EPS=2.07 | Chg7d=+0.463 | Chg30d=+0.463 | Revisions Net=+1 | Growth EPS=+102.5% | Growth Revenue=+9.4%
EPS next Year (2027-12-31): EPS=2.11 | Chg7d=+0.355 | Chg30d=+0.355 | Revisions Net=+2 | Growth EPS=+1.8% | Growth Revenue=-1.0%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 4.7% (Discount Rate 7.9% - Earnings Yield 3.2%)
[Growth] Growth Spread = +7.3% (Analyst 12.0% - Implied 4.7%)
External Resources
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