Plains Group Holdings, L.P. PAGP
- Market cap
- $20.3B
- P/E
- 9.5×
Follow PAGP
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12.59 | 18.98 | 19.17 | 16.99 | 3.04 | 8.25 | 9.39 | 11.79 | 15.79 | 16.61 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 36.64 | 35.58 | 27.00 | 25.82 | 19.79 | 12.96 | 13.42 | 16.70 | 20.10 | 22.31 |
High Price
|
|||
| 5,100 | 4,850 | 4,900 | 5,000 | 4,400 | 4,100 | 4,100 | 4,200 | 4,200 | 3,900 |
Employees
|
|||
| 4 | 5 | 7 | 7 | 5 | 10 | 14 | 11 | 12 | 11 |
Revenue/Emp
|
|||
| 20,182 | 26,223 | 34,055 | 33,669 | 23,290 | 42,078 | 57,342 | 47,336 | 48,889 | 44,262 |
Revenue
|
|||
| 8.76% | 7.84% | 8.81% | 8.65% | 7.66% | 5.96% | 4.97% | 4.89% | 4.61% | 6.04% |
Gross Margin
|
|||
| 738 | 896 | 2,409 | 2,238 | (2,607) | 712 | 1,409 | 1,362 | 963 | 1,395 |
EBT
|
|||
| 3.66% | 3.42% | 7.07% | 6.65% | (11.19%) | 1.69% | 2.46% | 2.88% | 1.97% | 3.15% |
EBT Margin
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| 660 | (41) | 2,107 | 2,062 | (2,440) | 600 | 1,163 | 1,425 | 1,070 | 1,686 |
Net Income
|
|||
| 515 | 519 | 521 | 604 | 3,171 | 777 | 968 | 912 | 901 | 953 |
Depreciation
|
|||
| 203.86 | 180.85 | 215.54 | 200.41 | 125.22 | 216.90 | 295.58 | 242.75 | 248.17 | 223.55 |
Revenue/Sh
|
|||
| 0.94 | (5.03) | 2.12 | 1.97 | (3.06) | 0.31 | 0.86 | 1.01 | 0.52 | 1.31 |
Earnings/Sh
|
|||
| 7.25 | 17.21 | 16.48 | 14.88 | 8.12 | 10.26 | 12.39 | 13.96 | 12.61 | 14.80 |
Cash Flow/Sh
|
|||
| (6.87) | 0.41 | (1.90) | (6.57) | (1.66) | 2.81 | (2.04) | (0.41) | (2.22) | (2.84) |
Capex/Sh
|
|||
| 0.38 | 17.62 | 14.58 | 8.31 | 6.46 | 13.07 | 10.36 | 13.55 | 10.39 | 11.96 |
Free CF/Sh
|
|||
| 108.15 | 85.23 | 84.30 | 86.22 | 60.16 | 73.08 | 75.45 | 76.78 | 72.67 | 71.80 |
Book Value/Sh
|
|||
| 99 | 145 | 158 | 168 | 186 | 194 | 194 | 195 | 197 | 198 |
Shares
|
|||
| 36.51 | 0.00 | 9.53 | 9.48 | 0.00 | 31.69 | 14.17 | 15.79 | 34.68 | 14.72 |
PE Ratio
|
|||
| 0.17 | 0.12 | 0.09 | 0.09 | 0.07 | 0.05 | 0.04 | 0.07 | 0.07 | 0.09 |
PS Ratio
|
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| 0.32 | 0.26 | 0.24 | 0.22 | 0.14 | 0.14 | 0.16 | 0.21 | 0.25 | 0.27 |
PB Ratio
|
|||
| 0.76 | 0.50 | 0.36 | 0.38 | 0.50 | 0.26 | 0.18 | 0.22 | 0.22 | 0.33 |
EV/Sales
|
|||
| 401.42 | 5.14 | 5.35 | 9.16 | 9.76 | 4.23 | 5.18 | 3.95 | 5.32 | 6.21 |
EV/FCF
|
|||
| 718 | 2,496 | 2,604 | 2,500 | 1,510 | 1,991 | 2,404 | 2,722 | 2,484 | 2,931 |
Op' Cash Flow
|
|||
| (680) | 59 | (300) | (1,104) | (309) | 545 | (395) | (80) | (437) | (562) |
Capex
|
|||
| 38 | 2,555 | 2,304 | 1,396 | 1,201 | 2,536 | 2,009 | 2,642 | 2,047 | 2,369 |
FCF
|
|||
| (391) | (530) | 78 | (405) | (587) | (94) | (535) | (89) | (148) | (198) |
Working Cap'
|
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| 11,839 | 9,920 | 9,209 | 9,691 | 10,213 | 9,220 | 8,446 | 7,751 | 7,618 | 11,259 |
Total Debt
|
|||
| 11,789 | 9,880 | 9,140 | 9,607 | 10,150 | 8,768 | 8,042 | 7,298 | 7,269 | 10,930 |
Net Debt
|
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| 10,707 | 12,358 | 13,319 | 14,485 | 11,190 | 14,177 | 14,638 | 14,972 | 14,316 | 14,216 |
Sh' Equity
|
|||
| 0.37% | (2.77%) | 1.25% | 1.17% | (2.03%) | 0.21% | 0.57% | 0.69% | 0.37% | 0.88% |
ROA
|
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| 2.75% | 3.22% | 6.32% | 5.14% | (6.98%) | 2.29% | 3.54% | 3.51% | 2.50% | 3.55% |
ROIC
|
|||
| 0.94% | (6.34%) | 2.60% | 2.38% | (4.42%) | 0.47% | 1.17% | 1.34% | 0.70% | 1.82% |
ROE
|
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Plains Group Holdings, L.P. peers in Oil & Gas Midstream
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| WES Western Midstream Partners, LP | $18.7B | 14.3× | Compare |
| PAA Plains All American Pipeline, L.P. | $17.4B | 6.8× | Compare |
| PBA Pembina Pipeline Corp. | $26.4B | 21.8× | Compare |
| VNOM Viper Energy Inc. | $15.0B | 292× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| CQP Cheniere Energy Partners, L.P. | $30.8B | 11.1× | Compare |
| DTM DT Midstream, Inc. | $12.7B | 26.7× | Compare |
| VG Venture Global, Inc. | $32.6B | 9.3× | Compare |
| FRO Frontline PLC | $10.5B | 7.1× | Compare |
Plains Group Holdings, L.P. (PAGP) key facts
- Plains Group Holdings, L.P. (PAGP) is an Oil & Gas Midstream company in the Energy sector, listed on Nasdaq.
- Plains Group Holdings, L.P.’s revenue for fiscal 2025 (year ended December 2025) was $44.3 billion, down 9.46% from fiscal 2024.
- Net income was $1.7 billion, or $1.31 per share (basic), a net margin of 0.59%.
- As of September 25, 2026, PAGP traded at $26.58, a market capitalization of $20.3 billion.
- At that price the stock trades at 9.5× trailing-twelve-month earnings and 0.1× sales.
- Return on equity was 1.82% and debt-to-equity 0.55.
Plains Group Holdings, L.P. (PAGP) Latest News
25 Sep
Plains GP Holdings (PAGP) has been upgraded to Zacks Rank #2 (Buy), signaling an improving earnings outlook. The upgrade reflects rising EPS estimates and uses the Zacks Consensus, a forward-looking view tracked by sell-side analysts. The change aligns with a broader emphasis on earnings estimate revisions as a driver of near-term stock moves, and Zacks notes its ranking system's historical tendency for top-rated stocks to outperform. For PAGP, analysts project fiscal year ending December 2026 earnings of $4.42 per share, unchanged from a year earlier, while consensus estimates have climbed 39% over the last three months. Plains GP now sits in the top 20% of Zacks-covered stocks, suggesting potential near-term upside as investors react to improving fundamentals and sentiment. Rising earnings estimates and upgrade to Buy indicate a moderate near-term uplift in PAGP's stock sentiment and potential price action.
Plains GP Holdings (PAGP) is among Oils-Energy stocks performing best this year, up about 39.5% year-to-date versus an Oils-Energy sector average of 31.3%. PAGP carries a Zacks Rank of #2 (Buy) and has seen the full-year earnings consensus rise about 39% in the last quarter, signaling improving earnings outlook. APA also outperforms, up 78.6% YTD, with EPS estimates up 3.5% over the past three months. PAGP sits in the Oil and Gas - Production and Pipelines industry, a 10-stock group ranked around #89 in the Zacks Industry Rank, while the broader US Oil & Gas Exploration and Production group is up about 27.1% YTD. The article suggests PAGP could continue its solid performance and advises investors to watch these Oils-Energy names closely. Elevated earnings revisions and strong YTD outperformance suggest a meaningful but not transformative near-term impact on PAGP's outlook.
23 Sep
Plains Group Holdings, L.P. (PAGP) receives a Buy rating (Zacks Rank #2) with an A Value grade. PAGP trades around a P/E of 12.55, cheaper than its industry average of 18.72. Zacks notes the stock’s forward P/E has recently ranged between 9.71 and 18.69 (median 12.44) over the past year. The company is described as likely undervalued based on these metrics, with an earnings outlook that makes PAGP stand out among value stocks. The report also promotes Zacks’ research offerings, including a free “7 Best Stocks for the Next 30 Days” download and a Plains Group analysis report link. Overall, the piece frames PAGP as a strong-value option with upside implied by earnings expectations. Undervaluation signals and a Buy rating could positively affect sentiment and near-term trading.
17 Sep
Plains Group Holdings, L.P. acquires Silver Creek’s Powder River crude assets for $585 million. The $585 million Powder River asset purchase expands Plains' crude infrastructure and operational footprint.
16 Sep
Plains Group Holdings, L.P. (PAGP) acquires Powder River Basin assets from Silver Creek Midstream. Asset acquisition expands Plains midstream footprint and alters competitive positioning in key basin.
Silver Creek Midstream sells Powder River Basin assets to Plains All American. Asset purchase expands Plains All American midstream holdings with moderate operational effects.
7 Aug
Plains GP Holdings LP reported strong Q2 2026 EBITDA in its earnings call and outlined strategic initiatives. Strong EBITDA and strategic moves signal major shifts in performance and investor outlook.
Plains All American reported its second-quarter 2026 financial results. Quarterly results update financial performance without indicating major strategic shifts.
15 Jun
Plains All American Pipeline and Plains GP Holdings provided updated capital spending guidance for 2026. Updated capital spending guidance offers forward visibility on investment levels that can shift near-term financial projections.
12 May
Plains All American Pipeline, L.P. and Plains GP Holdings, L.P. completed the divestiture of their Canadian natural gas liquids (NGL) business, streamlining operations and focusing on core U.S. midstream activities. Divestiture of non-core Canadian NGL assets generates substantial cash proceeds for debt reduction and refocuses on higher-return U.S. operations.
Plains GP Holdings (PAGP) raised its EBITDA outlook and announced moves to exit NGL operations, potentially altering the bull case for the stock. Raised EBITDA outlook and NGL exit represent major strategic shifts enhancing financial prospects and operational focus.
8 May
Plains GP Holdings, L.P. released Q1 2026 earnings call summary covering financial results, operational performance, strategic updates, and forward guidance. Q1 2026 earnings results and guidance represent significant financial and strategic disclosures likely to alter PAGP's market trajectory and investor sentiment.
Plains All American reported first-quarter 2026 results and raised full-year 2026 guidance. Raising full-year guidance signals stronger financial outlook and boosts investor sentiment.
5 May
Plains All American Pipeline and Plains GP Holdings provided an update on the NGL sale process. NGL sale process update signals major strategic divestiture that could reshape PAGP's asset portfolio, financial health, and focus on core crude operations.
15 Apr
Analysts identify strong long-term growth prospects for Plains GP Holdings (PAGP) and raise the price target. Analyst price target raise highlights long-term growth potential, moderately boosting market sentiment and performance outlook.
8 Apr
Recent analyst moves are shifting the investment narrative for Plains GP Holdings (PAGP). Analyst actions signal moderately noticeable shifts in investor sentiment and potential financial performance for PAGP.
30 Mar
Plains All American Pipeline and Plains GP Holdings announced updated timing for completing the sale of their NGL business. Updated timing for NGL business sale signals major strategic divestiture reshaping Plains GP Holdings' portfolio and financial trajectory.
27 Feb
Plains GP Holdings (PAGP) forecasts solid 2025 earnings amid a strategic shift to pure-play crude midstream operations. Solid 2025 earnings outlook combined with a major strategic pivot to pure-play crude midstream significantly alters PAGP's operational focus and investor appeal.
8 Feb
Recent discussions surrounding Plains Group Holdings, L.P. (PAGP) highlight strategic initiatives and market positioning that could influence investor sentiment and operational performance. Analysts are focusing on the company's growth prospects and potential challenges in the current economic landscape, emphasizing the importance of effective management and adaptability in navigating market dynamics. The outlook for PAGP remains cautiously optimistic as stakeholders assess the implications of these developments on future performance. Moderate influence is expected due to strategic initiatives that may affect financial performance and competitive positioning.
6 Feb
Plains GP Holdings, L.P. (PAGP) reported strong EBITDA performance in its Q4 2025 earnings call, highlighting robust financial results and operational efficiency. The company emphasized its strategic initiatives and market positioning, which contributed to its positive earnings outlook. Management expressed confidence in sustaining growth and navigating market challenges effectively. Strong EBITDA performance and strategic initiatives indicate significant potential for future growth and market positioning.
Plains All American reported its fourth-quarter and full-year 2025 results, highlighting significant revenue growth and improved operational efficiency. The company achieved a notable increase in net income compared to the previous year, driven by higher demand for its services and strategic investments in infrastructure. Management expressed optimism about future performance, citing ongoing projects and favorable market conditions. The results reflect Plains' commitment to enhancing shareholder value and maintaining a strong competitive position in the energy sector. Significant revenue growth and improved operational efficiency indicate a strong future trajectory for the company.
Plains Group Holdings, L.P. (PAGP) reported its Q4 earnings, highlighting key financial metrics and operational performance. The company experienced fluctuations in revenue and adjusted EBITDA, influenced by market conditions and operational challenges. Management provided insights into future strategies and market outlook, indicating a focus on optimizing operations and addressing industry dynamics. Overall, the earnings report reflects the company's ongoing efforts to navigate a competitive landscape while maintaining financial stability. The earnings report indicates moderate fluctuations in financial performance that may influence investor sentiment and operational strategies.
4 Feb
Plains Group Holdings, L.P. (PAGP) is preparing to announce its Q4 earnings, with analysts anticipating insights into the company's financial performance and operational strategies. Investors are keen to understand how recent market dynamics and internal developments may influence future growth and profitability. The upcoming report is expected to provide clarity on revenue trends, cost management, and potential challenges faced by the company in the current economic landscape. The Q4 earnings report is likely to provide insights that could moderately influence financial performance and market sentiment.
24 Jan
Plains Group Holdings, L.P. (PAGP) is experiencing a shift in narrative as analysts struggle to provide clear targets for the company's future performance. This uncertainty is attributed to various market dynamics and internal factors affecting investor sentiment and operational strategies. The evolving story around PAGP highlights the complexities of the energy sector and the challenges faced by companies in adapting to changing conditions. Uncertainty in analyst targets and market dynamics may moderately influence PAGP's financial performance and competitive positioning.
22 Jan
Plains Group Holdings, L.P. (PAGP) is highlighted as one of five bargain stocks with attractive EV-to-EBITDA ratios, indicating potential value for investors. The article emphasizes the importance of evaluating these ratios in the context of overall market conditions and company performance, suggesting that PAGP may offer a favorable investment opportunity compared to its peers. Attractive EV-to-EBITDA ratios may influence investor sentiment and financial performance moderately.
16 Jan
Investors may be undervaluing Plains Group Holdings, L.P. (PAGP) as the company shows strong fundamentals and growth potential. Analysts highlight its solid financial performance, strategic positioning in the energy sector, and potential for increased cash flow. Despite market fluctuations, PAGP's valuation metrics suggest it could be a compelling investment opportunity, particularly for those looking for exposure in the midstream oil and gas industry. Strong fundamentals and growth potential indicate significant impact on future performance.
9 Jan
Plains GP Holdings (PAGP) is experiencing pricing dynamics that reflect long-term demand for energy infrastructure. Analysts are evaluating how these trends may influence the company's market position and financial performance in the context of evolving energy needs and infrastructure investments. Long-term energy infrastructure demand is likely to significantly impact PAGP's market positioning and investor sentiment.
7 Jan
Plains Group Holdings, L.P. (PAGP) is highlighted as one of five value stocks with attractive EV-to-EBITDA ratios, suggesting it may be a strong investment opportunity. The article emphasizes the importance of this financial metric in evaluating the company's valuation compared to its earnings before interest, taxes, depreciation, and amortization. Investors are encouraged to consider PAGP alongside other stocks that exhibit similar appealing ratios, indicating potential for growth and profitability in the current market environment. The focus on EV-to-EBITDA ratios indicates a moderately noticeable influence on investment sentiment and valuation assessments.
5 Jan
Plains All American Pipeline and Plains GP Holdings have announced their quarterly distributions and the timing for the release of their fourth quarter 2025 earnings. The distributions reflect the companies' ongoing commitment to returning value to shareholders. The earnings report is scheduled for release in early 2026, providing insights into the companies' financial performance and operational updates. The announcement of quarterly distributions and earnings timing may moderately influence investor sentiment and financial performance.
15 Dec
Investors are questioning whether Plains Group Holdings, L.P. (PAGP) is currently undervalued, as recent market trends and financial metrics suggest potential for growth. Analysts are examining the company's performance in relation to its peers and the broader energy sector, highlighting factors such as cash flow, dividend yield, and strategic initiatives that could enhance its market position. The discussion includes insights on investor sentiment and the implications of current valuations on future performance. Current market conditions and financial metrics indicate a moderately noticeable influence on PAGP's performance and investor sentiment.