What is Plains GP Holdings, L.P.'s deferred revenue?

Plains GP Holdings, L.P. (PAGP) reported deferred revenue of $138M in Q3 2025.

How has Plains GP Holdings, L.P.'s deferred revenue changed year-over-year?

Plains GP Holdings, L.P.'s deferred revenue decreased by 15.9% year-over-year, from $164M to $138M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Plains GP Holdings, L.P. PAGP Deferred Revenue

Discontinued — last reported Q3 '25

Deferred Revenue at other companies

MYR GroupMYRG

$281.52M-3.8%

ExlService HoldingsEXLS

$22.91M+13.7%

Envista Holdings CorporationNVST

$188.1M+16.0%

Archer AviationACHR

$1.3M+44.4%

AppFolioAPPF

$103.6M—

Brady CorporationBRC

$11.42M—

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%

CapEx$130.0M-7.1%

Free cash flow$288.0M-42.2%

Valuation

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Market cap$4.6B+13.8%

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:RevenueRemainingPerformanceObligation.

The official record: Plains GP Holdings, L.P.’s 10-Q, filed November 7, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plains GP Holdings, L.P.'s deferred revenue?: Plains GP Holdings, L.P. (PAGP) reported deferred revenue of $138M in Q3 2025.
How has Plains GP Holdings, L.P.'s deferred revenue changed year-over-year?: Plains GP Holdings, L.P.'s deferred revenue decreased by 15.9% year-over-year, from $164M to $138M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.