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) Return on invested capital

Alert me on Return on invested capital

Plains Group Holdings, L.P.'s return on invested capital over the twelve months to 30 June 2026 was 4.51%, up 1.0 percentage points from fiscal 2025 (3.55%). Over the past ten years it has ranged from −6.98% (fiscal 2020) to 6.32% (fiscal 2018); the current reading is higher than 73% of that period. That is below the Oil & Gas Midstream industry median of 6.10% and below the Energy sector median of 5.43%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 3.55% 1.05
FY2024 2.50% (1.01)
FY2023 3.51% (0.03)
FY2022 3.54% 1.25
FY2021 2.29% 9.27
FY2020 −6.98% (12.12)
FY2019 5.14% (1.18)
FY2018 6.32% 3.10
FY2017 3.22% 0.47
FY2016 2.75% (0.97)

Against its own ten years

Low −6.98% High 6.32%
Ten-year median 3.51%
Current reading's percentile 73

Return on invested capital against peers

Company Return on invested capital
FRO Frontline PLC compare 19.4%
CQP Cheniere Energy Partners, L.P. compare 17.0%
WES Western Midstream Partners, LP compare 8.19%
VG Venture Global, Inc. compare 7.86%
PBA Pembina Pipeline Corp. compare 6.10%
DTM DT Midstream, Inc. compare 5.14%
PAA Plains All American Pipeline, L.P. compare 4.74%
PAGP Plains Group Holdings, L.P. 4.51%
VNOM Viper Energy Inc. compare 4.01%
Oil & Gas Midstream industry median 6.10%
Energy sector median 5.43%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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