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Plains GP Holdings, L.P. PAGP NGL — Significant Segment Expenses

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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:SignificantSegmentExpenses.

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
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
Derivative activities and inventory valuation adjustments (4)130

Item 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Plains GP Holdings, L.P.'s NGL — significant segment expenses?
Plains GP Holdings, L.P. (PAGP) reported NGL — significant segment expenses of $48M in Q1 2026.
How has Plains GP Holdings, L.P.'s NGL — significant segment expenses changed year-over-year?
Plains GP Holdings, L.P.'s NGL — significant segment expenses increased by 4.3% year-over-year, from $46M to $48M.
What is the long-term trend for Plains GP Holdings, L.P.'s NGL — significant segment expenses?
Over 3 years (2022 to 2025), Plains GP Holdings, L.P.'s NGL — significant segment expenses has grown at a -54.6% compound annual growth rate (CAGR), from $1.97B to $185M.
What does NGL — significant segment expenses mean?
An aggregate measure of the primary operating and administrative costs required to sustain the NGL segment's business activities. This metric provides a high-level view of the total cost burden associated with segment operations.

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