Plains GP Holdings LP (PAGP)
Plains GP Holdings LP brought in $55.9B of revenue over the twelve months to September 30, 2026, up 22.2% from a year earlier. Net income was $539M, a net margin of 1.0%. Operating cash flow minus capital spending left $2.3B of free cash flow in fiscal 2025. At September 30, 2026 it held $880M in cash against $9.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Plains GP Holdings LP
- Net worth
- Plains GP Holdings LP has a market value (market cap) of $5B at the latest share price, and shareholders' equity of -$1B on its balance sheet at December 31, 2016. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $44.3B (-9.5% year on year), with net income of $260M. Over the 12 months to September 30, 2026: revenue $55.9B, net income $539M.
- Cash flow
- In fiscal 2025 operations brought in $2.9B of cash; after $643M of capital spending, free cash flow was $2.3B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Plains GP Holdings LP's next report is expected around February 5, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Plains GP Holdings LP does
Plains GP Holdings LP is registered with the SEC under industry code SIC 4610 (Pipe Lines (No Natural Gas)). Its shares trade on NASDAQ under the ticker PAGP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $44.3B | $260M | n/a | $2.3B |
| 2024 | $48.9B | $103M | n/a | $2B |
| 2023 | $47.3B | $198M | n/a | $2.3B |
| 2022 | $57.3B | $168M | n/a | $1.9B |
| 2021 | $42.1B | $60M | n/a | $1.7B |
| 2020 | $23.3B | -$568M | n/a | $772M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where PAGP ranks in Energy
Latest SEC filings
What Plains GP Holdings LP has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 31% to $15.2B versus the same quarter last year; net income fell 18% to $68M.
- November 6, 2026
- September 29, 2026Executive or director change8-KPlains GP Holdings appointed Dean Liollio as Executive Vice President and Chief Operating Officer following the resignation of Chris Chandler.
- September 14, 2026
- August 10, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 66% to $17.7B versus the same quarter last year; net income rose 1,197% to $389M.
- August 7, 2026
- June 17, 2026
- June 2, 2026
- May 22, 2026
- May 13, 2026Additional proxy material DEFA14A
Insider trades
What the people running Plains GP Holdings LP did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 8 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 14, 2026 | Burk VictorDirector | Exercised options | 7,400 | - |
| August 14, 2026 | DeSanctis EllenDirector | Exercised options | 7,400 | - |
| August 14, 2026 | McCarthy Kevin SDirector | Exercised options | 7,400 | - |
| August 14, 2026 | Petersen Gary RDirector | Exercised options | 7,400 | - |
| August 14, 2026 | Pruner AlexandraDirector | Exercised options | 7,400 | - |
| August 14, 2026 | Raymond John TDirector | Exercised options | 7,400 | - |
| August 14, 2026 | Shackouls Bobby SDirector | Exercised options | 7,400 | - |
| August 14, 2026 | Ziemba Lawrence MichaelDirector | Exercised options | 7,400 | - |
Who owns PAGP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
8 insiders reported holding 913,527 shares in total, about $23.3M at the last price.
| Holder | Shares |
|---|---|
| Raymond John TDirector | 322,794 |
| McCarthy Kevin SDirector | 156,091 |
| Ziemba Lawrence MichaelDirector | 95,180 |
| Pruner AlexandraDirector | 88,294 |
| Shackouls Bobby SDirector | 80,801 |
| Petersen Gary RDirector | 75,544 |
| Burk VictorDirector | 50,323 |
| DeSanctis EllenDirector | 44,500 |
Questions about PAGP
What does Plains GP Holdings LP do?
Plains GP Holdings LP is a company in the Energy sector, listed on NASDAQ as PAGP. Its shares trade on NASDAQ under the ticker PAGP.
What is Plains GP Holdings LP's net worth?
Plains GP Holdings LP has a market value (market cap) of $5B at the latest share price, and shareholders' equity of -$1B on its balance sheet at December 31, 2016. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Plains GP Holdings LP profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $539M on revenue of $55.9B, a net margin of 1.0%.
How much revenue does Plains GP Holdings LP make?
Over the twelve months to September 30, 2026 Plains GP Holdings LP reported revenue of $55.9B. That is 22.2% more than a year earlier.
When did Plains GP Holdings LP last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Plains GP Holdings LP's next earnings report?
Plains GP Holdings LP's next report is expected around February 5, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Plains GP Holdings LP tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.