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Discontinued — last reported Q1 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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$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

Calculated from Plains GP Holdings, L.P.’s reported figures.

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

Filed
May 8, 2026, 4:46 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001581990-26-000017

FAQ

What is Plains GP Holdings, L.P.'s net debt?
Plains GP Holdings, L.P. (PAGP) reported net debt of $2.29B in Q1 2026.
How has Plains GP Holdings, L.P.'s net debt changed year-over-year?
Plains GP Holdings, L.P.'s net debt decreased by 74.7% year-over-year, from $9.03B to $2.29B.
What is the long-term trend for Plains GP Holdings, L.P.'s net debt?
Over 5 years (2020 to 2025), Plains GP Holdings, L.P.'s net debt has grown at a -28.7% compound annual growth rate (CAGR), from $11.46B to $2.11B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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