Plains GP Holdings, L.P. (PAGP)
POSITIVEFundamental
74
Price
$27.47
Market Cap
$6.27B
Part 1 · What the company is worth
Overview
Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments. The company engages in the gathering and transporting crude oil using pipelines, trucks, and barges or railcars. It also provides terminalling, storage, and other related services. In addition, the company is involved in the natural gas processing and NGL fractionation, storage, transportation, and terminalling activities. 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.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$52.31B
Trailing 12 months (through 6/30/2026)
Net Income
$554M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$2.29B
Total Equity
$348M
Total Liabilities
-
Current Ratio
1.12
Interest Coverage
3.06
Debt/EBITDA
3.63
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$67.38
Current Price
$27.47
Margin of Safety
+59.2%
Fair Value Range
$43.79 - $90.96
Estimation Methods
Valuation Metrics
P/E Ratio
9.11
ROE
40.0%
P/B Ratio
-
P/FCF
2.28
Gross Margin
8.7%
ROIC
5.3%
Profitability Radar
Value Creation (Economic Moat)
ROIC
5.3%
WACC
5.7%
ROIC − WACC
-0.3 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamental Analysis Criteria
Passed (15)
- ROIC 5.3%
- P/FCF 2.28
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Low reliance on intangibles
- DCF valuation (Undervalued)
- ROE 40.0%
- Revenue Growth 5Y 13.7%
- Analyst Consensus 55% Buy
- Earnings Surprise avg 14.1%
- Earnings Quality (OCF/NI) 5.36
- Net Margin Trend 1.1% vs 0.3%
- Piotroski F-Score 5/9
Failed (5)
- Price CAGR -2.53%
- Gross Margin 8.7%
- Operating Margin 3.1%
- CapEx intensity
- Return on Tangible Assets
Unavailable (7)
- EPS data insufficient
- P/B Ratio NaN
- Dividend Payout NaN%
- Debt/Equity ratio
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Wilfred C.W. Chiang | Chairman, President & CEO of PAA GP Holdings LLC | 64 |
| Mr. Al P. Swanson | Executive VP & CFO of PAA GP Holdings LLC | 61 |
| Mr. Chris R. Chandler | Executive VP & COO of PAA GP Holdings LLC | 52 |
| Mr. Richard Kelly McGee | Executive VP, General Counsel & Secretary of PAA GP Holdings LLC | 64 |
| Mr. Gregory L. Armstrong | Director & Senior Advisor to the CEO of PAA GP Holdings LLC | 67 |
| Mr. Harry N. Pefanis | Senior Advisor to CEO & Director of PAA GP Holdings LLC | 68 |
| Mr. Jeremy L. Goebel | Executive VP & Chief Commercial Officer of PAA GP Holdings LLC | 47 |
| Mr. Chris Herbold | Senior VP of Finance & Chief Accounting Officer of PAA GP Holdings LLC | 53 |
| Mr. Blake Michael Fernandez | Vice President of Investor Relations of PAA GP Holdings LLC | - |
| Mr. Jim Tillis | Vice President of Human Resources of PAA GP Holdings LLC | 57 |
Audit Risk
5
Board Risk
5
Compensation Risk
8
Shareholder Rights Risk
7
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for PAGP, sourced from Markets Gazette.
- 3/6/2026NEUTRALWhat Analysts Are Saying About Plains GP Holdings Stock
Plains GP Holdings (PAGP) has received mixed analyst ratings recently. Raymond James maintained an 'Outperform' rating in both January and February 2022, indicating a positive outlook from that firm. However, Bank of America Securities maintained an 'Underperform' rating in January 2022. This divergence suggests differing views among analysts on the stock's future performance. Investors should consider these varied perspectives when evaluating PAGP, as the 'Outperform' ratings are countered by an 'Underperform' rating, creating a neutral overall sentiment based on the provided data.
via Markets Gazette