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. In the quarter to June 2026, revenue grew 66.3%, EPS grew 1,213.3%, free cash flow grew 50.9% and total debt fell 2.74%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Plains Group Holdings, L.P. (PAGP) P/E ratio
As of 16 October 2026, Plains Group Holdings, L.P. (PAGP) trades at a P/E ratio of 9.8×. Over the past ten years it has ranged from 0.0× (December 2021) to 180× (June 2022); the current reading is higher than 32% of that period. That is below the Oil & Gas Midstream industry median of 12.8× and below the Energy sector median of 13.9×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 14.7× | (57.54%) |
| FY2024 | 34.7× | 119.57% |
| FY2023 | 15.8× | 11.43% |
| FY2022 | 14.2× | (55.27%) |
| FY2021 | 31.7× | — |
| FY2020 | 0.0× | — |
| FY2019 | 9.5× | (0.54%) |
| FY2018 | 9.5× | — |
| FY2017 | 0.0× | — |
| FY2016 | 36.5× | 104.48% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 8.7× | (65.01%) |
| Mar 2026 | 24.8× | 68.28% |
| Dec 2025 | 14.7× | (24.12%) |
| Sep 2025 | 19.4× | (31.09%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| PAA Plains All American Pipeline, L.P. compare | 7.0× |
| FRO Frontline PLC compare | 7.9× |
| VG Venture Global, Inc. compare | 9.4× |
| PAGP Plains Group Holdings, L.P. | 9.8× |
| CQP Cheniere Energy Partners, L.P. compare | 11.1× |
| WES Western Midstream Partners, LP compare | 14.0× |
| PBA Pembina Pipeline Corp. compare | 24.4× |
| DTM DT Midstream, Inc. compare | 26.9× |
| VNOM Viper Energy Inc. compare | 322× |
| Oil & Gas Midstream industry median | 12.8× |
| Energy sector median | 13.9× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)