stockrowPlains 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
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Plains Group Holdings, L.P. (PAGP) Gross margin
Plains Group Holdings, L.P.'s gross margin over the twelve months to 30 June 2026 was 5.55%, down 0.5 percentage points from fiscal 2025 (6.04%). Over the past ten years it has ranged from 4.61% (fiscal 2024) to 8.81% (fiscal 2018); the current reading is higher than 45% of that period. That is below the Oil & Gas Midstream industry median of 54.9% and below the Energy sector median of 42.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 6.04% | 1.43 |
| FY2024 | 4.61% | (0.28) |
| FY2023 | 4.89% | (0.08) |
| FY2022 | 4.97% | (0.99) |
| FY2021 | 5.96% | (1.70) |
| FY2020 | 7.66% | (0.99) |
| FY2019 | 8.65% | (0.16) |
| FY2018 | 8.81% | 0.97 |
| FY2017 | 7.84% | (0.92) |
| FY2016 | 8.76% | 0.24 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 4.57% | (0.85) |
| Mar 2026 | 5.42% | (1.32) |
| Dec 2025 | 6.74% | 0.65 |
| Sep 2025 | 6.09% | 0.47 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| VNOM Viper Energy Inc. compare | 100.0% |
| DTM DT Midstream, Inc. compare | 100.0% |
| WES Western Midstream Partners, LP compare | 91.0% |
| FRO Frontline PLC compare | 66.7% |
| VG Venture Global, Inc. compare | 53.5% |
| CQP Cheniere Energy Partners, L.P. compare | 41.1% |
| PBA Pembina Pipeline Corp. compare | 41.0% |
| PAA Plains All American Pipeline, L.P. compare | 5.55% |
| PAGP Plains Group Holdings, L.P. | 5.55% |
| Oil & Gas Midstream industry median | 54.9% |
| Energy sector median | 42.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on PAGP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement