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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total revenue	$45.26B+2.2%	$44.26B-3.2%	$45.73B-1.9%	$46.61B-4.3%	$48.73B-0.3%
Total cost of revenue	$41.41B+2.4%	$40.43B-3.6%	$41.94B-2.2%	$42.89B-4.6%	$44.97B-0.9%
Gross profit	$3.85B+0.4%	$3.83B+0.9%	$3.8B+2.1%	$3.72B-0.9%	$3.75B+6.8%
Gross margin	8.5%-0.2pp	8.7%+0.4pp	8.3%+0.3pp	8%+0.3pp	7.7%+0.5pp
General and administrative	$344M-0.9%	$347M+3.0%	$337M-0.9%	$340M+0.9%	$337M-3.2%
Depreciation and amortization	$965M+1.2%	$954M+3.4%	$923M+0.4%	$919M+1.0%	$910M-2.4%
Total costs & expenses	$43.78B+2.2%	$42.83B-4.1%	$44.67B-2.5%	$45.84B-4.2%	$47.86B-1.0%
Operating income	$1.48B+3.4%	$1.43B+35.1%	$1.06B+37.4%	$770M-10.8%	$863M0.0%
Operating margin	3.3%0.0pp	3.2%+0.9pp	2.3%+0.7pp	1.7%-0.1pp	1.8%0.0pp
Interest expense	$503M+7.9%	$466M+9.9%	$424M+3.7%	$409M+3.5%	$395M+3.1%
Other income (expense), net	$0-100%	$21M+200%	$7M-73.1%	$26M0.0%	$26M+73.3%
Income from equity method investments	$369M-3.7%	$383M-14.3%	$447M-0.2%	$448M-2.6%	$460M+1.8%
Income before income taxes	$1.34B-3.9%	$1.4B+23.0%	$1.14B+28.7%	$882M-11.9%	$1B+2.5%
Income tax expense	——	——	$23M+4.5%	$22M-69.9%	$73M-38.7%
Net income	$195M-24.7%	$259M+39.2%	$186M+36.8%	$136M-6.2%	$145M+40.8%
Net margin	0.4%-0.2pp	0.6%+0.2pp	0.4%+0.1pp	0.3%0.0pp	0.3%+0.1pp
Income from continuing operations	$153M+1.3%	$151M—	——	——	——
Income from discontinued operations	$145M-62.2%	$384M+7.9%	$356M-9.6%	$394M+10.7%	$356M+54.8%
Gain on investments in unconsolidated entities, net	——	——	——	——	——
Deferred taxes	-$142M-256%	$91M+24.7%	$73M+17.7%	$62M+5.1%	$59M+556%
Gain (Loss) on Sale of Assets and Asset Impairment Charges	——	——	-$94M+49.7%	-$187M-27.2%	-$147M+8.1%
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$153M+1.3%	$151M—	——	——	——
Other income, net (Note 6)	$0-100%	$21M+200%	$7M-73.1%	$26M0.0%	$26M+73.3%
EBIT	$1.48B+3.4%	$1.43B+35.1%	$1.06B+37.4%	$770M-10.8%	$863M0.0%
EBITDA	$2.44B+2.5%	$2.38B+20.3%	$1.98B+17.3%	$1.69B-4.7%	$1.77B-1.2%
EBITDA	$2.44B+2.5%	$2.38B+20.3%	$1.98B+17.3%	$1.69B-4.7%	$1.77B-1.2%
EBITDA margin	5.4%0.0pp	5.4%+1.1pp	4.3%+0.7pp	3.6%0.0pp	3.6%0.0pp
EBIT	$1.48B+3.4%	$1.43B+35.1%	$1.06B+37.4%	$770M-10.8%	$863M0.0%

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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.