Plains Financial Statements From 2010 to 2026

PAGP Stock  USD 19.41  0.27  1.41%   
Analyzing historical trends in various income statement and balance sheet accounts from Plains GP's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Plains GP's valuation are summarized below:
Gross Profit
2.9 B
Profit Margin
0.004
Market Capitalization
4.5 B
Enterprise Value Revenue
0.261
Revenue
46.9 B
There are currently one hundred twenty trending fundamental ratios for Plains GP Holdings that can be evaluated and compared over time across competitors. Investors and active traders are advised to check out Plains GP's recent fundamental performance against the performance between 2010 and 2026 to make sure the trends are evolving in the right direction. As of 01/03/2026, Market Cap is likely to grow to about 2.9 B, while Enterprise Value is likely to drop slightly above 8.1 B.

Plains GP Total Revenue

39.78 Billion

Check Plains GP financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Plains GP's main balance sheet or income statement drivers, such as Depreciation And Amortization of 643.7 M, Interest Expense of 426.1 M or Selling General Administrative of 344.6 M, as well as many indicators such as Price To Sales Ratio of 0.095, Dividend Yield of 0.12 or PTB Ratio of 2.53. Plains financial statements analysis is a perfect complement when working with Plains GP Valuation or Volatility modules.
  
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Check out the analysis of Plains GP Correlation against competitors.

Plains GP Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding150.5 M226.6 M142.9 M
Slightly volatile
Total Assets27.5 B31.9 B25 B
Slightly volatile
Short and Long Term Debt Total10.1 B9.1 BB
Slightly volatile
Other Current Liabilities663.5 M571.5 M981.4 M
Slightly volatile
Total Current Liabilities5.3 B5.7 B4.9 B
Slightly volatile
Total Stockholder Equity1.2 B1.2 B7.6 B
Pretty Stable
Other Liabilities626.3 MB618.6 M
Slightly volatile
Property Plant And Equipment Net15 B18.1 B13.6 B
Slightly volatile
Net Debt9.6 B8.7 B8.6 B
Pretty Stable
Accounts Payable3.7 B4.5 B3.5 B
Slightly volatile
Cash421.4 M401.4 M192.2 M
Slightly volatile
Non Current Assets Total22.6 B26.4 B20.4 B
Slightly volatile
Other Assets2.6 B1.6 B2.1 B
Pretty Stable
Long Term Debt9.1 B8.3 B8.1 B
Slightly volatile
Cash And Short Term Investments421.4 M401.4 M192.2 M
Slightly volatile
Net Receivables3.5 B4.5 B3.3 B
Slightly volatile
Liabilities And Stockholders Equity25 B31.9 B22.9 B
Slightly volatile
Non Current Liabilities Total10.1 B9.8 BB
Slightly volatile
Inventory657.4 M395.1 M796.2 M
Slightly volatile
Other Current Assets74.4 M78.3 M248.2 M
Slightly volatile
Total Liabilities15.4 B15.5 B13.9 B
Slightly volatile
Property Plant And Equipment Gross17.3 B24.9 B15.9 B
Slightly volatile
Total Current Assets4.9 B5.5 B4.6 B
Slightly volatile
Short Term Debt677.7 M367.2 M799.4 M
Slightly volatile
Intangible AssetsB1.9 B963.5 M
Slightly volatile
Property Plant Equipment14.6 B17.9 B13.5 B
Slightly volatile
Long Term Debt Total7.2 B6.6 B8.3 B
Pretty Stable
Long Term Investments2.9 B3.2 B2.3 B
Slightly volatile
Non Current Liabilities Other963.7 M1.1 B817.6 M
Slightly volatile
Common Stock1.3 B1.2 B1.5 B
Pretty Stable
Short and Long Term Debt674.9 M469.2 M474.7 M
Slightly volatile
Net Invested Capital9.2 B8.1 B11.2 B
Slightly volatile
Capital Lease Obligations258.4 M281.7 M350.7 M
Slightly volatile

Plains GP Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization643.7 M1.2 B623.6 M
Slightly volatile
Interest Expense426.1 M439.3 M392.7 M
Slightly volatile
Selling General Administrative344.6 M445.1 M322.9 M
Slightly volatile
Total Revenue39.8 B57.6 B37.6 B
Slightly volatile
Gross Profit3.3 BBB
Slightly volatile
Other Operating Expenses38.5 B56.2 B36.5 B
Slightly volatile
Cost Of Revenue36.5 B53.6 B34.6 B
Slightly volatile
Total Operating ExpensesB2.7 B1.9 B
Slightly volatile
Non Operating Income Net Other295.4 M211.6 M220.9 M
Slightly volatile
Interest Income18.8 M19.8 M136.8 M
Slightly volatile
Reconciled Depreciation854.3 M1.2 B743.7 M
Slightly volatile
Selling And Marketing Expenses4.8 M5.4 M5.9 M
Slightly volatile

Plains GP Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation50.7 M46.8 M61.6 M
Slightly volatile
Begin Period Cash Flow547 M521 M193 M
Slightly volatile
Depreciation654.2 M1.2 B632.7 M
Slightly volatile
Capital Expenditures844.7 M576 MB
Slightly volatile
Total Cash From Operating Activities2.1 B2.9 BB
Slightly volatile
End Period Cash Flow421.4 M401.4 M197.5 M
Slightly volatile
Change To Netincome800.4 M923.5 M645.4 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.0950.08320.0867
Slightly volatile
Dividend Yield0.120.07970.1051
Pretty Stable
PTB Ratio2.532.411.0836
Slightly volatile
Days Sales Outstanding36.2332.733.1868
Very volatile
Book Value Per Share11283.57102
Slightly volatile
Operating Cash Flow Per Share20.9114.518.8535
Slightly volatile
Stock Based Compensation To Revenue0.0020.00120.0018
Slightly volatile
Capex To Depreciation0.680.722.046
Slightly volatile
PB Ratio2.532.411.0836
Slightly volatile
EV To Sales0.40.260.3478
Very volatile
Inventory Turnover10095.5151.9211
Slightly volatile
Days Of Inventory On Hand3.763.969.5591
Slightly volatile
Payables Turnover8.0610.89.8986
Pretty Stable
Sales General And Administrative To Revenue0.01020.00890.0093
Pretty Stable
Capex To Revenue0.0140.01470.0311
Slightly volatile
Cash Per Share1.141.591.366
Very volatile
POCF Ratio2.521.682.265
Slightly volatile
Capex To Operating Cash Flow0.280.30.6888
Slightly volatile
Days Payables Outstanding41.7534.9738.1778
Pretty Stable
EV To Operating Cash Flow7.525.196.5864
Pretty Stable
Intangibles To Total Assets0.110.06950.1037
Slightly volatile
Current Ratio0.740.870.9205
Slightly volatile
Tangible Book Value Per Share81.4273.7874.3806
Slightly volatile
Receivables Turnover9.2411.5511.3689
Very volatile
Graham Number9.8110.3333.6116
Pretty Stable
Shareholders Equity Per Share7.497.8973.2759
Slightly volatile
Debt To Equity5.555.293.1474
Slightly volatile
Capex Per Share3.553.7411.7933
Slightly volatile
Revenue Per Share434292391
Slightly volatile
Interest Debt Per Share46.1248.5591.7326
Slightly volatile
Debt To Assets0.40.330.3631
Slightly volatile
Short Term Coverage Ratios4.315.485.2155
Pretty Stable
Operating Cycle47.5236.6643.1888
Pretty Stable
Price Book Value Ratio2.532.411.0836
Slightly volatile
Days Of Payables Outstanding41.7534.9738.1778
Pretty Stable
Price To Operating Cash Flows Ratio2.521.682.265
Slightly volatile
Ebt Per Ebit0.730.980.9065
Slightly volatile
Effective Tax Rate0.140.16010.1644
Very volatile
Company Equity Multiplier19.4118.499.5902
Slightly volatile
Long Term Debt To Capitalization0.480.760.5907
Slightly volatile
Total Debt To Capitalization0.50.770.61
Slightly volatile
Debt Equity Ratio5.555.293.1474
Slightly volatile
Quick Ratio0.610.790.7511
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.542.511.9343
Slightly volatile
Cash Ratio0.0670.06380.0357
Slightly volatile
Cash Conversion Cycle1.61.699.4072
Slightly volatile
Operating Cash Flow Sales Ratio0.04270.04460.0523
Pretty Stable
Days Of Inventory Outstanding3.763.969.5591
Slightly volatile
Days Of Sales Outstanding36.2332.733.1868
Very volatile
Cash Flow Coverage Ratios0.190.280.247
Pretty Stable
Price To Book Ratio2.532.411.0836
Slightly volatile
Fixed Asset Turnover3.093.652.9739
Pretty Stable
Capital Expenditure Coverage Ratio1.953.492.4763
Slightly volatile
Price Cash Flow Ratio2.521.682.265
Slightly volatile
Debt Ratio0.40.330.3631
Slightly volatile
Cash Flow To Debt Ratio0.190.280.247
Pretty Stable
Price Sales Ratio0.0950.08320.0867
Slightly volatile
Asset Turnover1.652.071.5826
Pretty Stable
Gross Profit Margin0.09520.08010.0866
Pretty Stable
Price Fair Value2.532.411.0836
Slightly volatile

Plains GP Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap2.9 B1.8 B2.1 B
Slightly volatile
Enterprise Value8.1 B10.7 B11 B
Pretty Stable

Plains Fundamental Market Drivers

Forward Price Earnings12.3916
Cash And Short Term Investments349 M

Plains Upcoming Events

9th of February 2024
Upcoming Quarterly Report
View
3rd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
9th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Plains GP Financial Statements

Plains GP shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Plains GP investors may analyze each financial statement separately, they are all interrelated. The changes in Plains GP's assets and liabilities, for example, are also reflected in the revenues and expenses on on Plains GP's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue-4.9 B-4.7 B
Total Revenue57.6 B39.8 B
Cost Of Revenue53.6 B36.5 B
Sales General And Administrative To Revenue 0.01  0.01 
Capex To Revenue 0.01  0.01 
Revenue Per Share 292.30  433.87 
Ebit Per Revenue 0.03  0.03 

Pair Trading with Plains GP

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Plains GP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Plains GP will appreciate offsetting losses from the drop in the long position's value.

Moving together with Plains Stock

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Moving against Plains Stock

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  0.73LNG Cheniere EnergyPairCorr
  0.46NEXT Nextdecade CorpPairCorr
  0.38MMLP Martin Midstream PartnersPairCorr
The ability to find closely correlated positions to Plains GP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plains GP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Plains GP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Plains GP Holdings to buy it.
The correlation of Plains GP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Plains GP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plains GP Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Plains GP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Plains Stock Analysis

When running Plains GP's price analysis, check to measure Plains GP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Plains GP is operating at the current time. Most of Plains GP's value examination focuses on studying past and present price action to predict the probability of Plains GP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plains GP's price. Additionally, you may evaluate how the addition of Plains GP to your portfolios can decrease your overall portfolio volatility.