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Plains GP Holdings, L.P. PAGP NGL — PROPERTY AND EQUIPMENT

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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:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization.

The source filing: Plains GP Holdings, L.P.’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 5:05 PM EST
Fiscal year
FY2025
Accession
0001581990-26-000012
Line itemEstimated Useful Lives (Years)December 31, 2025December 31, 2024
Crude oil pipeline systems10 - 50$18,428$14,612
Crude oil storage and terminal facilities10 - 502,8082,679
NGL storage, terminal, fractionation and processing facilities10 - 50365364
Office property and equipment and rolling stock2 - 50373430
Construction in progressN/A238148
Land and otherN/A324295
Property and equipment, gross (1)22,53618,528
Accumulated depreciation(5,676)(5,082)

Item 16. Form 10-K Summary

FAQ

What is Plains GP Holdings, L.P.'s NGL — PROPERTY AND EQUIPMENT?
Plains GP Holdings, L.P. (PAGP) reported NGL — PROPERTY AND EQUIPMENT of $365M in Q4 2025.
What does NGL — PROPERTY AND EQUIPMENT mean?
The net book value of physical assets, including pipelines, storage tanks, and processing facilities, utilized by the segment. This metric represents the asset base supporting the segment's revenue-generating capacity and long-term market position.

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