Plains GP Holdings, L.P. - Class A Shares representing limited partner interests: stock overview

PAGPNASDAQEnergy · Pipe Lines (No Natural Gas)

Price

$26.37

November 13, 2026Market cap $5.2B

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  • The full history: 15 fiscal years, from 2011
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
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In short

Plains GP Holdings, L.P. - Class A Shares representing limited partner interests had revenue of $55.9B over the last 12 months and net income of $539M, a net margin of 1.0%. Revenue grew by 13.7% a year on average over the last 5 years. At $26.37 the shares trade at a P/E of 9.7. It has net debt of $10.9B. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$5.2B
198M shares
P/E
9.7
Revenue, 12 months
$55.9B
+13.7% a year over 5 years
Net margin
1.0%

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

-3.3% a year over 2 years

  • 202510-K
    Revenue$44.3B
  • 202410-K
    Revenue$48.9B
  • 202310-K
    Revenue$47.3B

Fiscal years in figures

PAGP's revenue, profit, cash flow and dividend with each year-end price, from 2011 to 2022, 12 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $3.6B
$5.2B
Enterprise value 
$16.1B
P/E 
9.7
EV / EBIT 
9.7
EV / Revenue 
0.3
P/B 
–
FCF yield 3-year median: 60.4%
43.5%
Earnings yield 
10.3%

Profitability

Gross margin 
7.6%
Operating margin 
3.0%
Net margin 3-year median: 0.4%
1.0%
ROIC 
13.6%
ROIC, 5-year average 
10.2%
ROE 
–

Growth

Revenue, yearly change 
-9.5%
EPS, yearly change 
–
FCF, yearly change 
+12.4%
Revenue, average a year 
+13.7%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$329M
Total debt 
$11.5B
Of which operating leases 
$229M
Net debt 
$10.9B
Net debt / EBITDA 
4.2x
Interest cover 
3.1x
Current ratio 
–

Balance sheet of December 31, 2025.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
0.15%
Total returned 
0.15%
Shares, yearly change 
+0.1%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 46).

Operating margin

3.2%

Above 44% of all companies (its industry has too few to compare).

Net margin

4.0%

Above 49% of all companies (its industry has too few to compare).

ROA

5.7%

Above 75% of all companies (its industry has too few to compare).

Revenue growth

-9.5%

Above 11% of all companies (its industry has too few to compare).

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
PLAINS GP HOLDINGS LP
CIK
1581990
Exchange
NASDAQ
Industry (SIC)
4610 · Pipe Lines (No Natural Gas)
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
198M

Other companies: Energy

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The full analysis

What do Plains GP Holdings, L.P. - Class A Shares representing limited partner interests's filings show?

These are Plains GP Holdings, L.P. - Class A Shares representing limited partner interests's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about PAGP

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What is PAGP's market cap?

Plains GP Holdings, L.P. - Class A Shares representing limited partner interests's market cap is $5.2B, at a price of $26.37 on November 13, 2026 and 198M shares.

What is PAGP's P/E?

PAGP's P/E is 9.7, on earnings per share of $2.72 over the last 12 months.

How much revenue does PAGP have?

Plains GP Holdings, L.P. - Class A Shares representing limited partner interests had revenue of $55.9B over the last 12 months. Over the last 5 years it changed by +13.7% a year on average.

Does PAGP pay a dividend?

No. Plains GP Holdings, L.P. - Class A Shares representing limited partner interests paid no regular dividend over the last 12 months.

Where do the figures come from?

From Plains GP Holdings, L.P. - Class A Shares representing limited partner interests's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.