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Plains GP Holdings, L.P. PAGP NGL — Equity earnings in unconsolidated entities

Other segment segments

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$89M-13.6%

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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 us-gaap:IncomeLossFromEquityMethodInvestments.

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
Field operating costs(291)(10)(301)
Segment general and administrative expenses(76)(5)(81)
Total significant segment expenses(11,946)(48)119(11,875)
Equity earnings in unconsolidated entities89
Other segment items (2):
Depreciation and amortization of unconsolidated entities (3)20
Derivative activities and inventory valuation adjustments (4)130
Long-term inventory costing adjustments (5)(112)

Item 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Plains GP Holdings, L.P.'s NGL — equity earnings in unconsolidated entities?
Plains GP Holdings, L.P. (PAGP) reported NGL — equity earnings in unconsolidated entities of $0 in Q1 2026.
What does NGL — equity earnings in unconsolidated entities mean?
Reflects the segment's proportional share of net income from investments in joint ventures or partnerships that are not consolidated in the financial statements. It indicates the profitability of the segment's strategic partnerships and minority interests.

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