What are Plains GP Holdings, L.P.'s profit margins?

Gross margin is 8.5% and operating margin is 3.3%, with a 0.4% net margin.

Where does Plains GP Holdings, L.P.'s income statement data come from?

Every line is extracted from Plains GP Holdings, L.P.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Plains GP Holdings, L.P. PAGP Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Total revenue	$12.47B+18.0%	$10.57B-8.7%	$11.58B+8.8%	$10.64B-7.3%	$11.48B-4.6%
Total cost of revenue	$11.49B+20.1%	$9.57B-9.6%	$10.59B+8.5%	$9.76B-7.2%	$10.52B-5.0%
Gross profit	$977M-1.6%	$993M0.0%	$993M+12.3%	$884M-7.9%	$960M+0.1%
Gross margin	7.8%-1.6pp	9.4%+0.8pp	8.6%+0.3pp	8.3%-0.1pp	8.4%+0.4pp
General and administrative	$83M-10.8%	$93M+10.7%	$84M0.0%	$84M-2.3%	$86M+3.6%
Total costs & expenses	$12.07B+18.2%	$10.21B-8.0%	$11.1B+6.6%	$10.41B-6.4%	$11.12B-7.7%
Operating income	$403M+13.8%	$354M-26.7%	$483M+104%	$237M-33.2%	$355M+2,188%
Operating margin	3.2%-0.1pp	3.4%-0.8pp	4.2%+1.9pp	2.2%-0.9pp	3.1%+3.2pp
Interest expense	$144M+5.1%	$137M+22.3%	$112M+1.8%	$110M+2.8%	$107M+12.6%
Other income (expense), net	-$15M-194%	$16M+278%	-$9M-213%	$8M+33.3%	$6M+200%
Income before income taxes	$333M+3.7%	$321M-29.9%	$458M+100%	$229M-41.0%	$388M+547%
Income tax expense	$216M—	——	$5M+400%	$1M-85.7%	$7M-30.0%
Net income	$20M-67.7%	$62M-25.3%	$83M+177%	$30M-64.3%	$84M+864%
Net margin	0.2%-0.4pp	0.6%-0.1pp	0.7%+0.4pp	0.3%-0.4pp	0.7%+0.8pp
EBITDA	$646M+5.7%	$611M-14.3%	$713M+51.1%	$472M-19.6%	$587M+181%
EBITDA margin	5.2%-0.6pp	5.8%-0.4pp	6.2%+1.7pp	4.4%-0.7pp	5.1%+3.4pp
EBIT	$403M+13.8%	$354M-26.7%	$483M+104%	$237M-33.2%	$355M+2,188%

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Questions, answered.

What are Plains GP Holdings, L.P.'s profit margins?: Gross margin is 8.5% and operating margin is 3.3%, with a 0.4% net margin.
Where does Plains GP Holdings, L.P.'s income statement data come from?: Every line is extracted from Plains GP Holdings, L.P.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.