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Plains GP Holdings, L.P. PAGP Services revenues — Total revenues

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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:DisposalGroupIncludingDiscontinuedOperationRevenue.

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
Revenues:
Product sales$256$498
Services3836
Total revenues294534
Cost and Expenses:
Purchases and related costs205244
Field operating costs7168
General and administrative expenses1415

Item 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Plains GP Holdings, L.P.'s services revenues — total revenues?
Plains GP Holdings, L.P. (PAGP) reported services revenues — total revenues of $38M in Q1 2026.
How has Plains GP Holdings, L.P.'s services revenues — total revenues changed year-over-year?
Plains GP Holdings, L.P.'s services revenues — total revenues increased by 5.6% year-over-year, from $36M to $38M.
What is the long-term trend for Plains GP Holdings, L.P.'s services revenues — total revenues?
Over 2 years (2023 to 2025), Plains GP Holdings, L.P.'s services revenues — total revenues has grown at a -5.2% compound annual growth rate (CAGR), from $147M to $132M.
What does services revenues — total revenues mean?
This metric captures the aggregate gross revenue generated by the services segment, encompassing all transportation, storage, and processing activities provided to customers. It serves as a primary indicator of the segment's market demand and its overall contribution to the company's top-line performance. Analyzing this metric allows stakeholders to evaluate the scale and growth trajectory of the company's core service-based business operations.

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