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Other financials

Income statement

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Revenue$12.5B+8.7%
Gross profit$977.0M+1.8%
Operating income$403.0M+13.5%
Net income$20.0M-76.2%

Balance sheet

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Cash & equivalents$172.0M-59.9%
Total debt$2.5B-74.0%
Total equity$14.1B-4.1%
Total assets$32.8B+16.0%

Cash flow

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Operating cash flow$418.0M-34.5%
Free cash flow$288.0M-42.2%

Valuation

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Market cap$5.02B+31.7%
Enterprise value$7.31B-42.4%
P/E25.8×-2.3×
P/S0.1×0.0×

Profitability

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Gross margin8.5%+0.8pp
Operating margin3.3%+1.5pp
Net margin0.4%+0.1pp
FCF margin4.6%-0.1pp

Returns & leverage

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Return on equity1.3%+0.2pp
Debt / equity0.8×+0.1×
Current ratio0.9×-0.1×

Where this comes from

Reported directly by Plains GP Holdings, L.P. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Plains GP Holdings, L.P.’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:46 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001581990-26-000017
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Net cash provided by operating activities418638
CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid in connection with acquisitions, net of cash acquired(88)(624)
Additions to property, equipment and other(130)(140)
Cash paid for purchases of linefill(2)(6)
Proceeds from sales of assets33
Cash used in investing activities - continuing operations(217)(767)
Cash used in investing activities - discontinued operations(16)(52)

Item 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Plains GP Holdings, L.P.'s capex?
Plains GP Holdings, L.P. (PAGP) reported capex of $130M in Q1 2026.
How has Plains GP Holdings, L.P.'s capex changed year-over-year?
Plains GP Holdings, L.P.'s capex decreased by 7.1% year-over-year, from $140M to $130M.
What is the long-term trend for Plains GP Holdings, L.P.'s capex?
Over 4 years (2021 to 2025), Plains GP Holdings, L.P.'s capex has grown at a 17.6% compound annual growth rate (CAGR), from $336M to $643M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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