PAGP Stock Analysis: Plains GP Holdings | NASDAQ
Oil & Gas Midstream | NASDAQ, USA | Market Cap: 5.914m USD | 12M Return: 46.2% | US72651A2078 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 36.3M
EPS Trend: 15.5%
Qual. Beats: -5
Rev. Trend: -26.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 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 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: 2.13b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 1.05 > 1.0 |
| NWC/Revenue: 0.49% < 20% (prev 0.02%; Δ 0.47% < -1%) |
| CFO/TA 0.10 > 3% & CFO 2.82b > Net Income 2.13b |
| Net Debt (4.55b) to EBITDA (3.62b): 1.26 < 3 |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (706.0m) vs 12m ago 256.6% < -2% |
| Gross Margin: 14.35% > 18% (prev 30.33%; Δ -15.98% > 0.5%) |
| Asset Turnover: 181.9% > 50% (prev 168.9%; Δ 12.98% > 0%) |
| Interest Coverage Ratio: 2.25 > 6 (EBIT TTM 2.67b / Interest Expense TTM 1.19b) |
As of August 16, 2026, the stock is trading at USD 25.84 with a total of 1,934,865 shares traded. Over the past week, the price has changed by +4.45%, over one month by +3.72%, over three months by +8.84% and over the past year by +46.20%.
Current recommended Stop Loss: 25.10 (which is 2.9% or 1.5 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 | 24.6 | -4.6% |
P/E Trailing = 32.1266
P/E Forward = 15.1515
P/S = 0.1291
P/B = 4.0901
P/EG = 0.6972
Revenue TTM = 52.3b USD
EBIT TTM = 2.67b USD
EBITDA TTM = 3.62b USD
Long Term Debt = 10.7b USD (from longTermDebt, last fiscal year)
Short Term Debt = 194.0m USD (from shortTermDebt, last quarter)
Debt = 11.1b USD (corrected: LT Debt 10.7b + ST Debt 194.0m) + Leases 202.0m
Net Debt = 4.55b USD (calculated: Debt 11.1b - CCE 6.54b)
Enterprise Value = 10.5b USD (5.91b + Debt 11.1b - CCE 6.54b)
Interest Coverage Ratio = 2.25 (Ebit TTM 2.67b / Interest Expense TTM 1.19b)
EV/FCF = 4.25x (Enterprise Value 10.5b / FCF TTM 2.46b)
FCF Yield = 23.55% (FCF TTM 2.46b / Enterprise Value 10.5b)
FCF Margin = 4.71% (FCF TTM 2.46b / Revenue TTM 52.3b)
Net Margin = 4.07% (Net Income TTM 2.13b / Revenue TTM 52.3b)
Gross Margin = 14.35% ((Revenue TTM 52.3b - Cost of Revenue TTM 44.8b) / Revenue TTM)
Gross Margin QoQ = 31.96% (prev 3.46%)
Tobins Q-Ratio = 0.36 (Enterprise Value 10.5b / Total Assets 29.2b)
Interest Expense / Debt = 10.70% (Interest Expense 1.19b / Debt 11.1b)
Taxrate = 6.59% (92.0m / 1.40b)
NOPAT = 2.50b (EBIT 2.67b * (1 - 6.59%))
Current Ratio = 1.04 (Total Current Assets 6.79b / Total Current Liabilities 6.54b)
Debt / Equity = 0.78 (Debt 11.1b / totalStockholderEquity, last quarter 14.3b)
Debt / EBITDA = 1.26 (Net Debt 4.55b / EBITDA 3.62b)
Debt / FCF = 1.85 (Net Debt 4.55b / FCF TTM 2.46b)
Total Stockholder Equity = 4.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.40% (Net Income 2.13b / Total Assets 29.2b)
RoE = 46.63% (Net Income TTM 2.13b / Total Stockholder Equity 4.56b)
RoCE = 17.53% (EBIT 2.67b / Capital Employed (Equity 4.56b + L.T.Debt 10.7b))
RoIC = 9.39% (NOPAT 2.50b / Invested Capital 26.6b)
WACC = 8.84% (E(5.91b)/V(17.0b) * Re(6.66%) + D(11.1b)/V(17.0b) * Rd(10.70%) * (1-Tc(0.07)))
Discount Rate = 6.66% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 52.88 | Cagr: 76.35%
[DCF] Terminal Value 76.41% ; FCFF base≈2.31b ; Y1≈2.65b ; Y5≈3.91b
[DCF] Fair Price = 250.6 (EV 54.2b - Net Debt 4.55b = Equity 49.6b / Shares 197.9m; r=8.84% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 15.50 | EPS CAGR: 1.17% | SUE: -4.0 | # QB: -5
Revenue Correlation: -25.99 | Revenue CAGR: -1.28% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.44 | Chg30d=-3.04% | Revisions=-25% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.53 | Chg30d=-0.21% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=1.95 | Chg30d=-0.57% | Revisions=-25% | GrowthEPS=+90.9% | GrowthRev=+15.2%
EPS next Year (2027-12-31): EPS=2.19 | Chg30d=+0.75% | Revisions=+40% | GrowthEPS=+12.1% | GrowthRev=+2.7%
[Analyst] Revisions Ratio: -12% (up=2, down=3)