PLAINS GP HOLDINGS LP (PAGP)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue10,565,000,000$11,578,000,000$10,642,000,000$11,477,000,000$12,035,000,000$12,456,000,000$12,757,000,000$11,639,000,000$11,322,000,000$12,071,000,000$11,602,000,000$12,341,000,000$12,952,000,000$14,336,000,000$16,359,000,000$13,694,000,000$12,989,000,000$10,776,000,000$9,930,000,000$8,383,000,000$5,963,000,000$5,833,000,000$3,225,000,000$8,269,000,000$9,154,000,000$7,886,000,000$8,253,000,000$8,375,000,000$8,786,000,000$8,792,000,000$8,080,000,000$8,398,000,000$7,605,000,000$5,873,000,000$6,078,000,000$6,667,000,000$5,952,000,000$5,170,000,000$4,950,000,000$4,111,000,000$4,996,000,000$5,551,000,000$6,663,000,000$5,942,000,000$9,459,000,000$11,127,000,000$11,195,000,000$11,684,000,000$
QoQ%(8.75%)8.80%(7.28%)(4.64%)(3.38%)(2.36%)9.61%2.80%(6.21%)4.04%(5.99%)(4.72%)(9.65%)(12.37%)19.46%5.43%20.54%8.52%18.45%40.58%2.23%80.87%(61.00%)(9.67%)16.08%(4.45%)(1.46%)(4.68%)(.07%)8.81%(3.79%)10.43%29.49%(3.37%)(8.84%)12.01%15.13%4.44%20.41%(17.71%)(10.00%)(16.69%)12.13%(37.18%)(14.99%)(.61%)(4.19%)9.91%
YoY%(12.21%)(7.05%)(16.58%)(1.39%)6.30%3.19%9.96%(5.69%)(12.59%)(15.80%)(29.08%)(9.88%)(.29%)33.04%64.74%63.35%117.83%84.74%207.91%1.38%(34.86%)(26.03%)(60.92%)(1.27%)4.19%(10.31%)2.14%(.27%)15.53%49.70%32.94%25.96%27.77%13.60%22.79%62.18%19.14%(6.86%)(25.71%)(30.82%)(47.18%)(50.11%)(40.48%)(49.14%)(11.02%)3.97%8.74%10.02%
Cost Of Revenue9,571,000,000$10,585,000,000$9,758,000,000$10,761,000,000$11,076,000,000$11,540,000,000$11,838,000,000$10,917,000,000$10,965,000,000$11,106,000,000$10,544,000,000$11,323,000,000$11,995,000,000$13,071,000,000$15,324,000,000$12,785,000,000$11,761,000,000$10,074,000,000$9,277,000,000$7,392,000,000$5,431,000,000$5,107,000,000$2,525,000,000$7,367,000,000$8,234,000,000$6,855,000,000$7,244,000,000$7,119,000,000$6,955,000,000$7,768,000,000$7,551,000,000$7,519,000,000$6,746,000,000$5,327,000,000$5,320,000,000$5,593,000,000$5,233,000,000$4,429,000,000$4,224,000,000$3,348,000,000$4,135,000,000$5,064,000,000$6,292,000,000$5,429,000,000$8,795,000,000$10,597,000,000$10,707,000,000$11,075,000,000$
Gross Profit994,000,000$993,000,000$884,000,000$716,000,000$959,000,000$916,000,000$919,000,000$722,000,000$357,000,000$965,000,000$1,058,000,000$1,018,000,000$957,000,000$1,265,000,000$1,035,000,000$909,000,000$1,228,000,000$702,000,000$653,000,000$991,000,000$532,000,000$726,000,000$700,000,000$902,000,000$920,000,000$1,031,000,000$1,009,000,000$1,256,000,000$1,831,000,000$1,024,000,000$529,000,000$879,000,000$859,000,000$546,000,000$758,000,000$1,074,000,000$719,000,000$741,000,000$726,000,000$763,000,000$861,000,000$487,000,000$371,000,000$513,000,000$664,000,000$530,000,000$488,000,000$609,000,000$
Gross Margin9.41%8.58%8.31%6.24%7.97%7.35%7.20%6.20%3.15%7.99%9.12%8.25%7.39%8.82%6.33%6.64%9.45%6.51%6.58%11.82%8.92%12.45%21.71%10.91%10.05%13.07%12.23%15.00%20.84%11.65%6.55%10.47%11.30%9.30%12.47%16.11%12.08%14.33%14.67%18.56%17.23%8.77%5.57%8.63%7.02%4.76%4.36%5.21%
Operating Expenses640,000,000$510,000,000$647,000,000$363,000,000$976,000,000$721,000,000$589,000,000$367,000,000$186,000,000$733,000,000$683,000,000$547,000,000$997,000,000$641,000,000$627,000,000$618,000,000$632,000,000$742,000,000$892,000,000$467,000,000$599,000,000$475,000,000$492,000,000$3,677,000,000$591,000,000$541,000,000$560,000,000$543,000,000$517,000,000$532,000,000$443,000,000$499,000,000$599,000,000$503,000,000$502,000,000$485,000,000$502,000,000$393,000,000$581,000,000$482,000,000$518,000,000$152,000,000$161,000,000$143,000,000$135,000,000$125,000,000$122,000,000$115,000,000$
Operating Income354,000,000$483,000,000$237,000,000$353,000,000$(17,000,000$)195,000,000$330,000,000$355,000,000$171,000,000$232,000,000$375,000,000$471,000,000$(40,000,000$)624,000,000$408,000,000$291,000,000$596,000,000$(40,000,000$)(239,000,000$)524,000,000$(67,000,000$)251,000,000$208,000,000$(2,775,000,000$)329,000,000$490,000,000$449,000,000$713,000,000$1,314,000,000$492,000,000$86,000,000$380,000,000$260,000,000$43,000,000$256,000,000$589,000,000$217,000,000$348,000,000$145,000,000$281,000,000$343,000,000$335,000,000$210,000,000$370,000,000$529,000,000$405,000,000$366,000,000$494,000,000$
Operating Margin3.35%4.17%2.23%3.08%(.14%)1.57%2.59%3.05%1.51%1.92%3.23%3.82%(.31%)4.35%2.49%2.13%4.59%(.37%)(2.41%)6.25%(1.12%)4.30%6.45%(33.56%)3.59%6.21%5.44%8.51%14.96%5.60%1.06%4.53%3.42%.73%4.21%8.84%3.65%6.73%2.93%6.84%6.87%6.04%3.15%6.23%5.59%3.64%3.27%4.23%
Interest Income
Interest Expenses95,000,000$96,000,000$97,000,000$95,000,000$98,000,000$100,000,000$99,000,000$99,000,000$107,000,000$106,000,000$106,000,000$107,000,000$107,000,000$107,000,000$113,000,000$108,000,000$108,000,000$114,000,000$108,000,000$103,000,000$101,000,000$104,000,000$110,000,000$111,000,000$106,000,000$120,000,000$134,000,000$127,000,000$129,000,000$131,000,000$116,000,000$118,000,000$116,000,000$114,000,000$112,000,000$109,000,000$107,000,000$103,000,000$88,000,000$85,000,000$81,000,000$
Income Before Tax321,000,000$458,000,000$229,000,000$565,000,000$60,000,000$205,000,000$348,000,000$364,000,000$184,000,000$263,000,000$389,000,000$526,000,000$320,000,000$549,000,000$295,000,000$244,000,000$582,000,000$(87,000,000$)(229,000,000$)445,000,000$(52,000,000$)141,000,000$130,000,000$(2,826,000,000$)330,000,000$493,000,000$423,000,000$993,000,000$1,279,000,000$699,000,000$82,000,000$348,000,000$204,000,000$(12,000,000$)198,000,000$508,000,000$134,000,000$295,000,000$92,000,000$217,000,000$278,000,000$263,000,000$154,000,000$296,000,000$466,000,000$340,000,000$306,000,000$429,000,000$
Tax Expenses16,000,000$30,000,000$16,000,000$46,000,000$18,000,000$18,000,000$64,000,000$28,000,000$(5,000,000$)(5,000,000$)56,000,000$83,000,000$25,000,000$129,000,000$56,000,000$35,000,000$113,000,000$(37,000,000$)(17,000,000$)53,000,000$(29,000,000$)2,000,000$(7,000,000$)(134,000,000$)39,000,000$62,000,000$(3,000,000$)79,000,000$218,000,000$23,000,000$(14,000,000$)75,000,000$852,000,000$(43,000,000$)24,000,000$106,000,000$12,000,000$16,000,000$10,000,000$40,000,000$62,000,000$35,000,000$51,000,000$34,000,000$96,000,000$29,000,000$31,000,000$57,000,000$
Net Income408,000,000$504,000,000$283,000,000$492,000,000$116,000,000$301,000,000$316,000,000$336,000,000$381,000,000$268,000,000$333,000,000$443,000,000$295,000,000$420,000,000$239,000,000$209,000,000$470,000,000$(50,000,000$)(212,000,000$)392,000,000$(23,000,000$)139,000,000$137,000,000$(2,692,000,000$)291,000,000$431,000,000$426,000,000$914,000,000$1,062,000,000$676,000,000$96,000,000$273,000,000$(647,000,000$)31,000,000$174,000,000$402,000,000$122,000,000$279,000,000$82,000,000$177,000,000$216,000,000$228,000,000$103,000,000$262,000,000$370,000,000$311,000,000$275,000,000$372,000,000$
Profit Margin3.86%4.35%2.66%4.29%.96%2.42%2.48%2.89%3.37%2.22%2.87%3.59%2.28%2.93%1.46%1.53%3.62%(.46%)(2.14%)4.68%(.39%)2.38%4.25%(32.56%)3.18%5.47%5.16%10.91%12.09%7.69%1.19%3.25%(8.51%).53%2.86%6.03%2.05%5.40%1.66%4.31%4.32%4.11%1.55%4.41%3.91%2.80%2.46%3.18%
TTM3.81%3.05%2.56%2.51%2.19%2.77%2.72%2.83%3.01%2.74%2.91%2.50%2.03%2.33%1.61%.88%1.43%.31%.98%2.76%(10.47%)(8.03%)(6.42%)(4.60%)6.13%8.51%9.00%8.08%6.19%1.21%(.83%)(.61%)(.15%)2.97%4.09%3.89%3.27%3.92%3.59%3.40%3.49%3.49%3.15%3.23%3.06%2.83%2.69%2.80%
Earnings to Minority345,000,000$421,000,000$253,000,000$408,000,000$128,000,000$268,000,000$277,000,000$294,000,000$329,000,000$239,000,000$285,000,000$374,000,000$251,000,000$349,000,000$208,000,000$187,000,000$386,000,000$(26,000,000$)(143,000,000$)322,000,000$(3,000,000$)122,000,000$121,000,000$(2,111,000,000$)243,000,000$361,000,000$360,000,000$767,000,000$881,000,000$565,000,000$89,000,000$236,000,000$152,000,000$27,000,000$150,000,000$361,000,000$130,000,000$255,000,000$40,000,000$141,000,000$191,000,000$196,000,000$73,000,000$231,000,000$345,000,000$295,000,000$260,000,000$358,000,000$
Earnings to Common Shareholders62,000,000$83,000,000$30,000,000$84,000,000$(11,000,000$)33,000,000$39,000,000$42,000,000$52,000,000$29,000,000$48,000,000$69,000,000$44,000,000$71,000,000$31,000,000$22,000,000$84,000,000$(24,000,000$)(69,000,000$)70,000,000$(20,000,000$)17,000,000$16,000,000$(581,000,000$)48,000,000$70,000,000$66,000,000$147,000,000$180,000,000$111,000,000$7,000,000$37,000,000$(800,000,000$)4,000,000$24,000,000$41,000,000$(8,000,000$)24,000,000$42,000,000$36,000,000$25,000,000$32,000,000$30,000,000$31,000,000$24,000,000$16,000,000$15,000,000$14,000,000$
QoQ%(25.30%)176.67%(64.29%)863.64%(133.33%)(15.39%)(7.14%)(19.23%)79.31%(39.58%)(30.44%)56.82%(38.03%)129.03%40.91%(73.81%)450.00%65.22%(198.57%)450.00%(217.65%)6.25%102.75%(1,310.42%)(31.43%)6.06%(55.10%)(18.33%)62.16%1,485.71%(81.08%)104.63%(20,100.00%)(83.33%)(41.46%)612.50%(133.33%)(42.86%)16.67%44.00%(21.88%)6.67%(3.23%)29.17%50.00%6.67%7.14%16.67%
YoY%663.64%151.52%(23.08%)100.00%(121.15%)13.79%(18.75%)(39.13%)18.18%(59.16%)54.84%213.64%(47.62%)395.83%144.93%(68.57%)520.00%(241.18%)(531.25%)112.05%(141.67%)(75.71%)(75.76%)(495.24%)(73.33%)(36.94%)842.86%297.30%122.50%2,675.00%(70.83%)(9.76%)(9,900.00%)(83.33%)(42.86%)13.89%(132.00%)(25.00%)40.00%16.13%4.17%100.00%100.00%121.43%100.00%1,500.00%1,400.00%1,300.00%
Earnings Per Share, Basic0.14$0.13$0.15$0.14$0.12$0.11$0.10$
Earnings Per Share, Diluted0.14$0.13$0.15$0.01$0.12$0.11$0.10$
Unlevered FCF Per Share, Basic
Unlevered FCF Per Share, Diluted
Average Shares, Basic225,000,000224,000,000212,000,000173,000,000136,000,000136,000,000135,000,000
Average Shares, Diluted225,000,000224,000,000212,000,0002,193,000,000136,000,000136,000,000135,000,000
EBIT321,000,000$458,000,000$229,000,000$565,000,000$60,000,000$205,000,000$348,000,000$459,000,000$280,000,000$360,000,000$484,000,000$624,000,000$420,000,000$648,000,000$394,000,000$351,000,000$688,000,000$19,000,000$(122,000,000$)552,000,000$55,000,000$254,000,000$238,000,000$(2,718,000,000$)444,000,000$601,000,000$526,000,000$1,094,000,000$1,383,000,000$809,000,000$193,000,000$454,000,000$324,000,000$122,000,000$325,000,000$637,000,000$265,000,000$411,000,000$210,000,000$333,000,000$392,000,000$375,000,000$263,000,000$403,000,000$569,000,000$428,000,000$391,000,000$510,000,000$
EBITDA578,000,000$688,000,000$464,000,000$827,000,000$286,000,000$431,000,000$574,000,000$713,000,000$414,000,000$621,000,000$744,000,000$881,000,000$675,000,000$887,000,000$637,000,000$582,000,000$912,000,000$198,000,000$75,000,000$730,000,000$216,000,000$415,000,000$404,000,000$(2,549,000,000$)607,000,000$758,000,000$674,000,000$1,230,000,000$1,518,000,000$938,000,000$324,000,000$581,000,000$440,000,000$274,000,000$454,000,000$759,000,000$428,000,000$444,000,000$415,000,000$447,000,000$505,000,000$483,000,000$371,000,000$508,000,000$669,000,000$525,000,000$491,000,000$606,000,000$