What is Plains GP Holdings, L.P.'s redemption of preferred stock?

Plains GP Holdings, L.P. (PAGP) reported redemption of preferred stock of $0 in Q1 2026.

How has Plains GP Holdings, L.P.'s redemption of preferred stock changed year-over-year?

Plains GP Holdings, L.P.'s redemption of preferred stock decreased by 100.0% year-over-year, from $333M to $0.

What does redemption of preferred stock mean?

Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.

Plains GP Holdings, L.P. PAGP Redemption of preferred stock

Redemption of preferred stock at other companies

AZZAZZ

$0—

Plains GP Holdings, L.P.PAGP

$0-100%

Ondas, Inc. ONDS

$817K+554%

Equity ResidentialEQR

$20.13M—

AT&TT

$0+100%

M&T BankMTB

$400M—

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$4.6B+13.8%

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:PaymentsForRepurchaseOfPreferredStockAndPreferenceStock.

The official record: Plains GP Holdings, L.P.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plains GP Holdings, L.P.'s redemption of preferred stock?: Plains GP Holdings, L.P. (PAGP) reported redemption of preferred stock of $0 in Q1 2026.
How has Plains GP Holdings, L.P.'s redemption of preferred stock changed year-over-year?: Plains GP Holdings, L.P.'s redemption of preferred stock decreased by 100.0% year-over-year, from $333M to $0.
What does redemption of preferred stock mean?: Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.