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Segments

By segment

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Crude Oil$12.55B+9.7%
NGL$41M0.0%

By geography

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United States$39.76B-8.7%
Canada$4.5B-15.9%

By product

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Transportation$338M
Terminalling, Storage and Other$92M+15.0%

Other financials

Income statement

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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
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
General and administrative expenses8386

Item 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Plains GP Holdings, L.P.'s total revenue?
Plains GP Holdings, L.P. (PAGP) reported total revenue of $12.47B in Q1 2026.
How has Plains GP Holdings, L.P.'s total revenue changed year-over-year?
Plains GP Holdings, L.P.'s total revenue increased by 8.7% year-over-year, from $11.48B to $12.47B.
What is the long-term trend for Plains GP Holdings, L.P.'s total revenue?
Over 4 years (2021 to 2025), Plains GP Holdings, L.P.'s total revenue has grown at a 1.3% compound annual growth rate (CAGR), from $42.08B to $44.26B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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