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Plains GP Holdings, L.P. PAGP Crude Oil — Maintenance capital expenditures

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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%
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

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

Tagged under the XBRL concept pagp:MaintenanceCapitalExpenditures.

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
Three Months Ended March 31, 2026Crude OilNGLIntersegment EliminationTotal
Foreign currency revaluation (8)(4)
Segment amounts attributable to noncontrolling interests in consolidated joint ventures (9)(121)
Total other segment items(109)
Segment Adjusted EBITDA$582$(7)
Investment and acquisition capital expenditures (10) (11)$171$171
Maintenance capital expenditures (11)$35$35
As of March 31, 2026
Investments in unconsolidated entities$2,838$2,838

Item 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Plains GP Holdings, L.P.'s crude oil — maintenance capital expenditures?
Plains GP Holdings, L.P. (PAGP) reported crude oil — maintenance capital expenditures of $35M in Q1 2026.
How has Plains GP Holdings, L.P.'s crude oil — maintenance capital expenditures changed year-over-year?
Plains GP Holdings, L.P.'s crude oil — maintenance capital expenditures increased by 12.9% year-over-year, from $31M to $35M.
What is the long-term trend for Plains GP Holdings, L.P.'s crude oil — maintenance capital expenditures?
Over 4 years (2021 to 2025), Plains GP Holdings, L.P.'s crude oil — maintenance capital expenditures has grown at a 11.2% compound annual growth rate (CAGR), from $100M to $153M.
What does crude oil — maintenance capital expenditures mean?
Expenditures required to maintain the safety, integrity, and operational efficiency of existing assets. This is a critical indicator of the long-term sustainability of the asset base and the ongoing cost of doing business.

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