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Plains GP Holdings, L.P. PAGP NGL — General And Administrative Expense (Excluding Unallocated Amount)

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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:GeneralAndAdministrativeExpenseExcludingUnallocatedAmount.

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
Significant segment expenses:
Purchases and related costs (1)(11,579)(33)119(11,493)
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

Item 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Plains GP Holdings, L.P.'s NGL — general and administrative expense (excluding unallocated amount)?
Plains GP Holdings, L.P. (PAGP) reported NGL — general and administrative expense (excluding unallocated amount) of $5M in Q1 2026.
How has Plains GP Holdings, L.P.'s NGL — general and administrative expense (excluding unallocated amount) changed year-over-year?
Plains GP Holdings, L.P.'s NGL — general and administrative expense (excluding unallocated amount) decreased by 16.7% year-over-year, from $6M to $5M.
What is the long-term trend for Plains GP Holdings, L.P.'s NGL — general and administrative expense (excluding unallocated amount)?
Over 3 years (2022 to 2025), Plains GP Holdings, L.P.'s NGL — general and administrative expense (excluding unallocated amount) has grown at a -28.0% compound annual growth rate (CAGR), from $75M to $28M.
What does NGL — general and administrative expense (excluding unallocated amount) mean?
Represents the overhead and administrative costs directly attributable to the management and support of the NGL segment. Monitoring this helps evaluate the segment's cost structure and management efficiency.

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