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Discontinued — last reported Q3 '25

Total Equity at other companies

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$8.84B+14.8%

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 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:PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest.

The source filing: Plains GP Holdings, L.P.’s 10-Q, filed November 7, 2025.

Filed
Nov 7, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001581990-25-000028
Line itemSeptember 30,2025December 31,2024
Other long-term liabilities and deferred credits523537
Total long-term liabilities9,7478,516
COMMITMENTS AND CONTINGENCIES (NOTE 10)
PARTNERS’ CAPITAL
Class A shareholders (197,888,124 and 197,465,699 shares outstanding, respectively)1,3451,351
Noncontrolling interests12,80112,965
Total partners’ capital14,14614,316
Total liabilities and partners’ capital$29,252$27,756

Item 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Plains GP Holdings, L.P.'s total equity?
Plains GP Holdings, L.P. (PAGP) reported total equity of $14.15B in Q3 2025.
How has Plains GP Holdings, L.P.'s total equity changed year-over-year?
Plains GP Holdings, L.P.'s total equity decreased by 4.1% year-over-year, from $14.74B to $14.15B.
What is the long-term trend for Plains GP Holdings, L.P.'s total equity?
Over 4 years (2020 to 2024), Plains GP Holdings, L.P.'s total equity has grown at a 6.4% compound annual growth rate (CAGR), from $11.19B to $14.32B.
What does total equity mean?
Net assets attributable to shareholders — total assets minus total liabilities. Represents the book value of shareholders' ownership claim.

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