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Plains GP Holdings, L.P. PAGP Services revenues — Revenues from related parties

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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:Revenues.

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
Line itemThree Months Ended March 31, 20262025
(unaudited)
REVENUES
Product sales revenues$12,026$11,046
Services revenues444431
Total revenues12,47011,477
COSTS AND EXPENSES
Purchases and related costs11,49310,517
Field operating costs301300

Item 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Plains GP Holdings, L.P.'s services revenues — revenues from related parties?
Plains GP Holdings, L.P. (PAGP) reported services revenues — revenues from related parties of $444M in Q1 2026.
How has Plains GP Holdings, L.P.'s services revenues — revenues from related parties changed year-over-year?
Plains GP Holdings, L.P.'s services revenues — revenues from related parties increased by 3.0% year-over-year, from $431M to $444M.
What is the long-term trend for Plains GP Holdings, L.P.'s services revenues — revenues from related parties?
Over 4 years (2021 to 2025), Plains GP Holdings, L.P.'s services revenues — revenues from related parties has grown at a 10.1% compound annual growth rate (CAGR), from $1.2B to $1.76B.
What does services revenues — revenues from related parties mean?
This metric represents the portion of total segment revenue generated from transactions with affiliated entities, such as joint ventures or parent companies. It provides insight into the extent of internal business integration and the reliance on related-party contracts for service-based income. Monitoring this figure helps investors assess potential conflicts of interest and the stability of revenue streams derived from internal partnerships.

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