Plains GP Holdings, L.P.
Plains GP Holdings, L.P.
Your view on PAGP
Overview
What the company does, where it operates, and who runs it.
About Plains GP Holdings, L.P.
- Industry
- Oil & Gas Midstream
- Sector
- Energy
- CEO
- Wilfred C.W. Chiang
- Headquarters
- 333 Clay Street, Houston, TX, US
- Industry
- Oil & Gas Midstream
- Sector
- Energy
- CEO
- Wilfred C.W. Chiang
- Headquarters
- 333 Clay Street, Houston, TX, US
Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream energy infrastructure in the United States and Canada. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGLs).
The company engages in the transportation of crude oil and NGLs on pipelines, gathering systems, and trucks. As of December 31, 2021, this segment owned and leased assets comprising 18,300 miles of crude oil and NGL pipelines and gathering systems; 38 million barrels of above-ground tank capacity; and 1,275 trailers.
It engages in the provision of storage, terminalling, and throughput services primarily for crude oil, NGLs, and natural gas; NGL fractionation and isomerization services; and natural gas and condensate processing services.
As of December 31, 2021, this segment owned and operated approximately 74 million barrels of crude oil storage capacity; 28 million barrels of NGL storage capacity; four natural gas processing plants; a condensate processing facility; nine fractionation plants; 16 NGL rail terminals; four marine facilities; and 110 miles of pipelines.
As of December 31, 2021, this segment owned 15 million barrels of crude oil and 2 NGL linefill; 3 million barrels of crude oil and 1 NGL linefill in pipelines owned by third parties and other inventory; 640 trucks and 1,275 trailers; and 3,900 NGL railcars. The company offers logistics services to producers, refiners, and other customers.
PAA GP Holdings LLC operates as a general partner of the company. Plains GP Holdings, L.P. was incorporated in 2013 and is headquartered in Houston, Texas.
Stock Data
Price chart, volume, and trading data.
Fair Value
What FRC thinks it is worth vs. the current price.
FRC's fair value estimate for Plains GP Holdings, L.P., and the rating behind it. PAGP last traded at $28.87, 10.3× trailing earnings — the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
Valuation, profitability, liquidity and leverage ratios for Plains GP Holdings, L.P.. Starting points for Plains GP Holdings, L.P.: P/E 10.3, EPS $2.80, beta 0.45 — an Oil & Gas Midstream name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
Dividend history, yield and payout sustainability for Plains GP Holdings, L.P.. Plains GP Holdings, L.P. paid $1.63 per share over the last year — a 5.7% yield at the current $28.87 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
Reported vs. expected earnings history for Plains GP Holdings, L.P.. Trailing twelve-month EPS for Plains GP Holdings, L.P. stands at $2.80. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Financial Statements
Income statement, balance sheet, and cash flow statements.
Income statement, balance sheet and cash flow history for Plains GP Holdings, L.P.. Plains GP Holdings, L.P. has reported as a listed company since 2013. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
Plains GP Holdings, L.P. valued side by side against its closest peers. Plains GP Holdings, L.P. is measured against Oil & Gas Midstream peers within the Energy sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.
Institutional Ownership
PremiumWhich funds and firms own the stock.
Which institutions hold Plains GP Holdings, L.P., and how their positions are changing. At a $5.71B market value, institutional positions materially move Plains GP Holdings, L.P.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.
Insider Trading
PremiumRecent buying and selling by company executives.
Buying and selling by Plains GP Holdings, L.P. executives and directors. Shares of Plains GP Holdings, L.P. have traded between $16.61 and $22.31 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.
Senate Trading
PremiumU.S. Senator disclosures filed under the STOCK Act.
U.S. Senate disclosures naming Plains GP Holdings, L.P.. Plains GP Holdings, L.P. is a $5.71B Energy company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.
House Trading
PremiumU.S. Representative disclosures filed under the STOCK Act.
U.S. House of Representatives disclosures naming Plains GP Holdings, L.P.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.
News
Latest headlines and market coverage.
Latest headlines and company announcements for Plains GP Holdings, L.P.. Coverage tracks Plains GP Holdings, L.P. within Oil & Gas Midstream (Energy). Press releases and market coverage, newest first.
Comments
Comments and replies from FRC members about this company.