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

Plains Group Holdings, L.P. (PAGP) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Plains Group Holdings, L.P. (PAGP) trades at a EV/EBITDA of 4.8×. Over the past ten years it has ranged from 3.5× (September 2022) to 15.4× (January 2021); the current reading is higher than 20% of that period. That is below the Oil & Gas Midstream industry median of 9.0× and below the Energy sector median of 6.2×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 6.2× 0.09%
FY2024 6.2× 27.86%
FY2023 4.8× 4.54%
FY2022 4.6× (30.31%)
FY2021 6.6× (55.42%)
FY2020 14.9× 200.52%
FY2019 4.9× 12.26%
FY2018 4.4× (44.10%)
FY2017 7.9× (22.17%)
FY2016 10.1× 22.49%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 4.7× (28.82%)
Mar 2026 6.6× 6.15%
Dec 2025 6.2× 2.26%
Sep 2025 6.0× (16.18%)
42 more quarters

Against its own ten years

Low 3.5× High 15.4×
Ten-year median 6.9×
Current reading's percentile 20

EV/EBITDA against peers

Company EV/EBITDA
PAGP Plains Group Holdings, L.P. 4.8×
FRO Frontline PLC compare 7.4×
CQP Cheniere Energy Partners, L.P. compare 8.9×
VG Venture Global, Inc. compare 9.2×
PAA Plains All American Pipeline, L.P. compare 9.5×
VNOM Viper Energy Inc. compare 9.8×
WES Western Midstream Partners, LP compare 10.2×
PBA Pembina Pipeline Corp. compare 13.2×
DTM DT Midstream, Inc. compare 15.4×
Oil & Gas Midstream industry median 9.0×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on PAGP