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

25.77 0.62 −2.35%
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) Net margin

Alert me on Net margin

Plains Group Holdings, L.P.'s net margin over the twelve months to 30 June 2026 was 1.06%, up 0.5 percentage points from fiscal 2025 (0.59%). Over the past ten years it has ranged from −2.79% (fiscal 2017) to 0.98% (fiscal 2019); the current reading is higher than 82% of that period. That is below the Oil & Gas Midstream industry median of 20.1% and below the Energy sector median of 8.44%.

Net margin, annual

Embed this chart

Annual newest first

Period Net margin Change (points)
FY2025 0.59% 0.38
FY2024 0.21% (0.21)
FY2023 0.42% 0.13
FY2022 0.29% 0.15
FY2021 0.14% 2.58
FY2020 −2.44% (3.42)
FY2019 0.98% 0.00
FY2018 0.98% 3.77
FY2017 −2.79% (3.26)
FY2016 0.47% (0.04)

Quarterly newest first

Period Net margin Change (points)
Jun 2026 2.20% 2.04
Mar 2026 0.16% (0.44)
Dec 2025 0.60% (0.12)
Sep 2025 0.72% 0.44
42 more quarters

Against its own ten years

Low −2.79% High 0.98%
Ten-year median 0.42%
Current reading's percentile 93

Net margin against peers

Company Net margin
FRO Frontline PLC compare 49.4%
DTM DT Midstream, Inc. compare 35.4%
CQP Cheniere Energy Partners, L.P. compare 23.9%
PBA Pembina Pipeline Corp. compare 20.1%
VG Venture Global, Inc. compare 19.7%
VNOM Viper Energy Inc. compare 12.1%
PAA Plains All American Pipeline, L.P. compare 4.87%
PAGP Plains Group Holdings, L.P. 1.06%
WES Western Midstream Partners, LP compare 0.00%
Oil & Gas Midstream industry median 20.1%
Energy sector median 8.44%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

More on PAGP