Pricing Log in Create free account
Friday 6 November 2026 Export PAGP’s income statement to Excel — free account

Plains Group Holdings, L.P.

PAGP Energy Oil & Gas Midstream

Plains Group Holdings, L.P.’s revenue for fiscal 2025 (year ended December 2025) was $44.3 billion, down 9.46% from fiscal 2024.

Revenue
+66.3%
EPS
+1,213.3%
Free cash flow
+50.9%
Total debt
−2.74%

Quarter to June 2026, against a year earlier

26.42 0.51 −1.89%
Market cap
$20.1B
P/E
9.4×
Fwd P/E
9.6×
Dividend yield
6.32%
F-score
5/9
Altman Z
n/a
Beneish M
−2.95
Dividend safety
62/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Plains Group Holdings, L.P. (PAGP) Debt to equity

Alert me on Debt to equity

Plains Group Holdings, L.P.'s debt to equity at the end of the quarter to 30 June 2026 was 0.6×, down 0.2× from fiscal 2025 (0.8×). Over the past ten years it has ranged from 0.5× (fiscal 2023) to 1.3× (fiscal 2015); the current reading is higher than 64% of that period. That is below the Oil & Gas Midstream industry median of 0.8× and above the Energy sector median of 0.4×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 0.8× 48.84%
FY2024 0.5× 2.78%
FY2023 0.5× (10.28%)
FY2022 0.6× (11.27%)
FY2021 0.7× (28.75%)
FY2020 0.9× 36.43%
FY2019 0.7× (3.24%)
FY2018 0.7× (13.87%)
FY2017 0.8× (27.40%)
FY2016 1.1× (14.43%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.6× (32.40%)
Mar 2026 0.8× 2.95%
Dec 2025 0.8× 18.56%
Sep 2025 0.7× 8.72%
42 more quarters

Against its own ten years

Low 0.5× High 1.3×
Ten-year median 0.7×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
VNOM Viper Energy Inc. compare 0.2×
PAGP Plains Group Holdings, L.P. 0.6×
PAA Plains All American Pipeline, L.P. compare 0.6×
DTM DT Midstream, Inc. compare 0.7×
FRO Frontline PLC compare 0.8×
PBA Pembina Pipeline Corp. compare 0.8×
WES Western Midstream Partners, LP compare 2.1×
VG Venture Global, Inc. compare 3.5×
CQP Cheniere Energy Partners, L.P. compare 16.4×
Oil & Gas Midstream industry median 0.8×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on PAGP