Plains GP Holdings, L.P. (PAGP)
Energy · Oil & Gas Midstream · NasdaqGS
Plains GP Holdings, L.P. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.18B | $26.22B | $34.05B | $33.67B | $23.29B | $42.08B | $57.34B | $47.34B | $48.89B | $44.26B |
| Gross profit | $2.95B | $3.24B | $4.26B | $4.22B | $2.86B | $3.57B | $3.20B | $2.49B | $2.83B | $2.88B |
| Net income | $94.00M | $-731.00M | $334.00M | $331.00M | $-568.00M | $60.00M | $168.00M | $198.00M | $103.00M | $260.00M |
| Net margin | 0.5% | -2.8% | 1.0% | 1.0% | -2.4% | 0.1% | 0.3% | 0.4% | 0.2% | 0.6% |
Source: Plains GP Holdings, L.P. SEC filings (10-K). 15 years of history available in the interactive view.
What growth is priced into PAGP stock?
At today's market cap of $5.79B, Plains GP Holdings, L.P. is priced for free-cash-flow growth of about -23.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.26B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 24%/yr over the last five fiscal years and revenue 13.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 15 years of Plains GP Holdings, L.P. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Plains GP Holdings, L.P. financial history by metric
About Plains GP Holdings, L.P.
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. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments. The company engages in the gathering and transporting crude oil using pipelines, trucks, and barges or railcars. It also provides terminalling, storage, and other related services. In addition, the company is involved in the natural gas processing and NGL fractionation, storage, transportation, and terminalling activities. PAA GP Holdings LLC operates as a general partner of the company. Plains GP Holdings, L.P. was incorporated in 2013 and is headquartered in Houston, Texas.
Plains GP Holdings, L.P. — frequently asked questions
What is Plains GP Holdings, L.P.'s revenue?
Plains GP Holdings, L.P. (PAGP) reported revenue of $44.26B for fiscal year 2025, down 9.5% from the prior year, according to its SEC filings.
Is Plains GP Holdings, L.P. profitable?
Yes. PAGP earned net income of $260.00M in fiscal 2025, a net margin of 0.6%.
What is PAGP's P/E ratio?
Plains GP Holdings, L.P. trades at a price-to-earnings ratio of about 31.8 based on the latest data in our nightly-refreshed cache.
How fast is Plains GP Holdings, L.P. growing?
PAGP's revenue grew at roughly 13.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Plains GP Holdings, L.P. have?
As of fiscal year 2025, PAGP carried roughly $11.26B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Plains GP Holdings, L.P.'s gross margin?
PAGP's gross margin was 6.5% in fiscal 2025 — gross profit of $2.88B on revenue of $44.26B.
What is Plains GP Holdings, L.P.'s market cap?
Plains GP Holdings, L.P. (PAGP) has a market capitalization of about $5.79B, based on the latest data in our nightly-refreshed cache.
When does Plains GP Holdings, L.P.'s fiscal year end?
PAGP's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into PAGP stock?
At today's market cap of $5.79B, Plains GP Holdings, L.P. is priced for free-cash-flow growth of about -23.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.26B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 24%/yr over the last five fiscal years and revenue 13.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Plains GP Holdings, L.P.'s official SEC filings (10-K and 10-Q), covering 15 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.