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Plains GP Holdings, L.P.

PAGPEnergyNASDAQ

Oil & Gas Midstream · Last scanned Jun 2, 2026

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Financials · Annual
Revenue
$44.26B
-9.5% YoY
Net Income
$260.0M
+152.4% YoY
EBITDA
$2.81B
+25.3% YoY
Free Cash Flow
$1.14B

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About Plains GP Holdings, L.P.

Headquartered within the energy sector, Plains GP Holdings, L.P. focuses on Oil & Gas Midstream services and products. Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. With a market capitalization of $5.77B, it sits in mid-cap territory. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments.

Key stats
Market Cap$5.77B
P/E (TTM)31.77
Fwd P/E11.83
EPS$0.78
Beta0.43
52W Change+35.0%
Dividend Yield6.44%
ROE9.1%
Analysis

The company holds $172.0M in cash, though total debt stands at $11.58B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Annual free cash flow of $1.14B supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 9.1%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.9% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $57.34B (2022) to $44.26B (2025), a 23% decline worth watching.

PAGP's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. No single metric tells the full story. Reviewing PAGP's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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