Plains Gp Holdings Lp - Understand $pagp stock

$PAGP Market Cap: $3.864 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$50.37B

TTM

Gross Margin

8.9%

TTM

Net Earnings

$166.0M

TTM

Current Assets

$5.160B

Q3 2024

Current Liabilities

$5.126B

Q3 2024

Current Ratio

100.66%

Q3 2024

Total Assets

$28.36B

Q3 2024

Total Liabilities

$13.61B

Q3 2024

Book Value

$14.74B

Q3 2024

Cash

$641.0M

Q3 2024

P/E

23.28

Nov 29, 2024 EST

Free Cash Flow

$2.160B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2006	2005	2004	2003
Revenue	$48.71B	$57.34B	$42.08B	$23.29B	$33.67B	$34.06B	$26.22B	$20.18B	$23.15B	$43.46B	$42.25B	$37.80B	$34.28B	$25.89B	$22.44B	$0.00	$0.00	$0.00
YoY Change	-15.05%	36.28%	80.67%	-30.83%	-1.13%	29.87%	29.93%	-12.83%	-46.73%	2.88%	11.78%	10.28%	32.37%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2006	2005	2004	2003
Revenue	$48.71B	$57.34B	$42.08B	$23.29B	$33.67B	$34.06B	$26.22B	$20.18B	$23.15B	$43.46B	$42.25B	$37.80B	$34.28B	$25.89B	$22.44B	$0.00	$0.00	$0.00
Cost Of Revenue	$44.53B	$53.18B	$38.50B	$20.43B	$29.45B	$29.79B	$22.99B	$17.23B	$19.73B	$39.50B	$38.47B	$34.37B	$31.56B	$23.92B	$21.86B	$0.00	$0.00	$0.00
Gross Profit	$4.181B	$4.166B	$3.574B	$2.859B	$4.217B	$4.262B	$3.238B	$2.949B	$3.426B	$3.964B	$2.167B	$1.945B	$1.560B	$1.972B	$589.0M	$0.00	$0.00	$0.00
Gross Profit Margin	8.58%	7.27%	8.49%	12.28%	12.52%	12.52%	12.35%	14.61%	14.8%	9.12%	5.13%	5.15%	4.55%	7.62%	2.62%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2006	2005	2004	2003
Selling, General & Admin	$356.0M	$330.0M	$281.0M	$1.357B	$1.619B	$1.581B	$1.453B	$282.0M	$1.753B	$1.808B	$1.674B	$342.0M	$294.0M	$260.0M	$136.0M	$8.000M	$1.000M	$0.00
YoY Change	7.88%	17.44%	-79.29%	-16.18%	2.4%	8.81%	415.25%	-83.91%	-3.04%	8.0%	389.47%	16.33%	13.08%		1600.0%	700.0%		-100.0%
% of Gross Profit	8.51%	7.92%	7.86%	47.46%	38.39%	37.1%	44.87%	9.56%	51.17%	45.61%	77.25%	17.58%	18.85%	13.18%	23.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.051B	$968.0M	$777.0M	$656.0M	$604.0M	$521.0M	$519.0M	$515.0M	$433.0M	$386.0M	$262.0M	$223.0M	$197.0M	$257.0M	$101.8M	$0.00	$0.00	$0.00
YoY Change	8.57%	24.58%	18.45%	8.61%	15.93%	0.39%	0.78%	18.94%	12.18%	47.33%	17.49%	13.2%	-23.35%
% of Gross Profit	25.14%	23.24%	21.74%	22.95%	14.32%	12.22%	16.03%	17.46%	12.64%	9.74%	12.09%	11.47%	12.63%	13.03%	17.28%
Operating Expenses	$2.832B	$2.613B	$2.123B	$2.013B	$2.223B	$2.102B	$2.081B	$1.959B	$2.186B	$2.194B	$2.042B	$2.005B	$1.414B	$1.206B	$239.0M	$8.000M	$1.000M	$0.00
YoY Change	8.38%	23.08%	5.46%	-9.45%	5.76%	1.01%	6.23%	-10.38%	-0.36%	7.44%	1.85%	41.8%	17.25%		2887.5%	700.0%		-100.0%
Operating Profit	$1.349B	$1.284B	$842.0M	-$2.383B	$1.980B	$2.272B	$1.147B	$990.0M	$1.258B	$1.791B	$1.724B	$1.424B	$1.297B	$766.0M	$350.0M	-$8.000M	-$1.000M	$0.00
YoY Change	5.06%	52.49%	-135.33%	-220.35%	-12.85%	98.08%	15.86%	-21.3%	-29.76%	3.89%	21.07%	9.79%	69.32%		-4475.0%	700.0%		-100.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2006	2005	2004	2003
Interest Expense	-$17.00M	$405.0M	$425.0M	$436.0M	$425.0M	$431.0M	$510.0M	$480.0M	$443.0M	$357.0M	$309.0M	$295.0M	$259.0M	-$255.0M	-$74.00M	$24.00M	$10.00M	$5.000M
YoY Change	-104.2%	-4.71%	-2.52%	2.59%	-1.39%	-15.49%	6.25%	8.35%	24.09%	15.53%	4.75%	13.9%	-201.57%		-408.33%	140.0%	100.0%	25.0%
% of Operating Profit	-1.26%	31.54%	50.48%		21.46%	18.97%	44.46%	48.48%	35.21%	19.93%	17.92%	20.72%	19.97%	-33.29%	-21.14%
Other Income/Expense, Net	$102.0M	-$219.0M	$19.00M	$39.00M	$24.00M	-$7.000M	-$31.00M	$33.00M	-$7.000M	-$2.000M	$1.000M	$6.000M	-$19.00M	-$9.000M
YoY Change	-146.58%	-1252.63%	-51.28%	62.5%	-442.86%	-77.42%	-193.94%	-571.43%	250.0%	-300.0%	-83.33%	-131.58%	111.11%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2006	2005	2004	2003
Pretax Income	$1.614B	$1.409B	$712.0M	-$2.607B	$2.238B	$2.409B	$896.0M	$738.0M	$991.0M	$1.540B	$1.480B	$1.173B	$1.032B	$502.0M	$277.0M	$16.00M	$9.000M	$5.000M
YoY Change	14.55%	97.89%	-127.31%	-216.49%	-7.1%	168.86%	21.41%	-25.53%	-35.65%	4.05%	26.17%	13.66%	105.58%		1631.25%	77.78%	80.0%	66.67%
Income Tax	$189.0M	$246.0M	$112.0M	-$167.0M	$176.0M	$302.0M	$937.0M	$78.00M	$182.0M	$212.0M	$106.0M	$55.00M	$45.00M	$1.000M	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	11.71%	17.46%	15.73%		7.86%	12.54%	104.58%	10.57%	18.37%	13.77%	7.16%	4.69%	4.36%	0.2%	0.0%	0.0%	0.0%	0.0%
Net Earnings	$198.0M	$168.0M	$60.00M	-$568.0M	$331.0M	$334.0M	-$731.0M	$94.00M	$118.0M	$70.00M	$15.00M	$3.000M	$2.000M	$2.000M	$0.00	$0.00	$0.00	$0.00
YoY Change	17.86%	180.0%	-110.56%	-271.6%	-0.9%	-145.69%	-877.66%	-20.34%	68.57%	366.67%	400.0%	50.0%	0.0%
Net Earnings / Revenue	0.41%	0.29%	0.14%	-2.44%	0.98%	0.98%	-2.79%	0.47%	0.51%	0.16%	0.04%	0.01%	0.01%	0.01%	0.0%
Basic Earnings Per Share											$0.10
Diluted Earnings Per Share	$1.02	$0.87	$309.3K	-$3.054M	$1.947M	$2.114M	-$5.041M	$949.5K	$1.422M	$1.250M	$0.10	$60.00K	$40.00K	$40.00K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2006	2005
Cash & Short-Term Investments	$453.0M	$404.0M	$452.0M	$25.00M	$47.00M	$69.00M	$40.00M	$50.00M	$30.00M	$404.0M	$43.00M	$25.00M	$27.00M	$13.00M	$3.000M
YoY Change	12.13%	-10.62%	1708.0%	-46.81%	-31.88%	72.5%	-20.0%	66.67%	-92.57%	839.53%	72.0%	-7.41%		333.33%
Cash & Equivalents		$404.0M	$452.0M	$25.00M	$47.00M	$69.00M	$40.00M	$50.00M	$30.00M	$404.0M	$43.00M	$25.00M	$27.00M	$13.00M	$3.000M
Short-Term Investments
Other Short-Term Assets	$4.916B	$318.0M	$200.0M	$443.0M	$349.0M	$373.0M	$221.0M	$603.0M	$241.0M	$271.0M	$220.0M	$351.0M	$157.0M	$131.0M	$0.00
YoY Change	1445.91%	59.0%	-54.85%	26.93%	-6.43%	68.78%	-63.35%	150.21%	-11.07%	23.18%	-37.32%	123.57%
Inventory	$548.0M	$729.0M	$783.0M	$647.0M	$604.0M	$640.0M	$713.0M	$1.343B	$916.0M	$891.0M	$1.065B	$1.209B	$978.0M	$1.290B	$0.00
Prepaid Expenses
Receivables	$3.760B	$3.907B	$4.705B	$2.553B	$3.614B	$2.454B	$3.029B	$2.279B	$1.785B	$2.615B	$3.637B	$3.564B	$3.198B	$1.727B	$1.000M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$4.916B	$5.358B	$6.140B	$3.668B	$4.614B	$3.536B	$4.003B	$4.275B	$2.972B	$4.181B	$4.965B	$5.149B	$4.360B	$3.160B	$4.000M
YoY Change	-8.25%	-12.74%	67.39%	-20.5%	30.49%	-11.67%	-6.36%	43.84%	-28.92%	-15.79%	-3.57%	18.1%		78900.0%
Property, Plant & Equipment	$17.07B	$16.56B	$16.21B	$15.98B	$16.81B	$15.72B	$14.98B	$14.79B	$14.39B	$13.22B	$11.64B	$10.37B	$8.327B	$3.874B	$0.00
YoY Change	3.07%	2.18%	1.43%	-4.96%	6.97%	4.95%	1.29%	2.74%	8.84%	13.6%	12.23%	24.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.820B	$3.084B	$3.805B	$3.764B	$3.683B	$2.702B	$2.756B	$2.343B	$2.027B	$1.735B	$485.0M	$343.0M	$191.0M	$184.0M	$75.00M
YoY Change	-8.56%	-18.95%	1.09%	2.2%	36.31%	-1.96%	17.63%	15.59%	16.83%	257.73%	41.4%	79.58%		145.33%
Other Assets	$1.915B	$2.057B	$1.864B	$1.734B	$1.611B	$1.581B	$1.607B	$2.113B	$2.064B	$1.977B	$1.458B	$388.0M	$252.0M	$506.0M	$0.00
YoY Change	-6.9%	10.35%	7.5%	7.64%	1.9%	-1.62%	-23.95%	2.37%	4.4%	35.6%	275.77%	53.97%
Total Long-Term Assets	$23.68B	$23.85B	$23.84B	$22.28B	$25.36B	$23.29B	$22.75B	$21.83B	$21.17B	$19.74B	$16.49B	$14.11B	$11.05B	$5.591B	$75.00M
YoY Change	-0.7%	0.05%	6.98%	-12.12%	8.85%	2.39%	4.22%	3.11%	7.23%	19.74%	16.85%	27.65%		7354.67%
Total Assets	$28.60B	$29.21B	$29.98B	$25.95B	$29.97B	$26.83B	$26.75B	$26.10B	$24.14B	$23.92B	$21.45B	$19.26B	$15.41B	$8.751B	$79.00M
YoY Change
Accounts Payable	$3.845B	$4.045B	$4.811B	$2.425B	$3.687B	$2.705B	$3.459B	$2.590B	$2.040B	$2.987B	$3.985B	$3.824B	$3.601B	$1.849B	$2.000M
YoY Change	-4.94%	-15.92%	98.39%	-34.23%	36.3%	-21.8%	33.55%	26.96%	-31.7%	-25.04%	4.21%	6.19%		92350.0%
Accrued Expenses	$69.00M	$71.00M	$77.00M	$78.00M	$94.00M
YoY Change	-2.82%	-7.79%	-1.28%	-17.02%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$446.0M	$1.159B	$822.0M	$831.0M	$504.0M	$66.00M	$737.0M	$1.715B	$999.0M	$1.287B	$1.113B	$1.086B	$686.0M	$1.001B	$0.00
YoY Change	-61.52%	41.0%	-1.08%	64.88%	663.64%	-91.04%	-57.03%	71.67%	-22.38%	15.63%	2.49%	58.31%
Total Short-Term Liabilities	$5.005B	$5.893B	$6.234B	$4.255B	$5.019B	$3.458B	$4.533B	$4.666B	$3.409B	$4.756B	$5.413B	$5.185B	$4.523B	$3.034B	$6.000M
YoY Change	-15.07%	-5.47%	46.51%	-15.22%	45.14%	-23.71%	-2.85%	36.87%	-28.32%	-12.14%	4.4%	14.64%		50466.67%
Long-Term Debt	$7.305B	$7.287B	$8.398B	$9.382B	$9.187B	$9.143B	$9.183B	$10.12B	$10.93B	$9.238B	$7.230B	$6.520B	$4.720B	$2.626B	$0.00
YoY Change	0.25%	-13.23%	-10.49%	2.12%	0.48%	-0.44%	-9.29%	-7.39%	18.34%	27.77%	10.89%	38.14%
Other Long-Term Liabilities	$1.315B	$844.0M	$692.0M	$1.124B	$1.278B	$910.0M	$679.0M	$606.0M	$567.0M	$548.0M	$531.0M	$586.0M	$377.0M	$87.00M	$0.00
YoY Change	55.81%	21.97%	-38.43%	-12.05%	40.44%	34.02%	12.05%	6.88%	3.47%	3.2%	-9.39%	55.44%
Total Long-Term Liabilities	$8.620B	$8.131B	$9.090B	$10.51B	$10.47B	$10.05B	$9.862B	$10.73B	$11.50B	$9.786B	$7.761B	$7.106B	$5.097B	$2.713B	$0.00
YoY Change	6.01%	-10.55%	-13.48%	0.39%	4.1%	1.94%	-8.09%	-6.69%	17.5%	26.09%	9.22%	39.42%
Total Liabilities	$27.05B	$27.68B	$28.45B	$24.49B	$27.81B	$24.98B	$25.06B	$24.37B	$22.38B	$22.27B	$20.42B	$19.26B	$15.41B	$8.750B	$79.00M
YoY Change	-2.29%	-2.68%	16.16%	-11.96%	11.33%	-0.3%	2.84%	8.87%	0.51%	9.05%	6.02%	24.94%		10975.95%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2006	2005	2004	2003
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.8644 Billion

About PLAINS GP HOLDINGS LP

Plains GP Holdings LP owns and operates midstream energy infrastructure and provides logistics services primarily for crude oil, natural gas liquids and natural gas through its indirect investment in Plains All American Pipeline, L.P. The company is headquartered in Houston, Texas and currently employs 4,200 full-time employees. The company went IPO on 2013-10-16. The firm owns and operates critical midstream infrastructure systems that connect various producing regions to key demand centers and export terminals. The firm operates through two segments: Crude Oil and Natural Gas Liquids (NGL). The Crude Oil segment operations generally consist of gathering and transporting crude oil using pipelines, gathering systems, trucks and at times on barges or railcars, in addition to providing terminalling, storage and other related services utilizing its integrated assets across the United States and Canada. The NGL segment operations involve natural gas processing and NGL fractionation, storage, transportation and terminalling. The NGL segment is engaged in providing gathering, fractionation, storage, and/or terminalling services to third-party customers for a fee, extracting NGL mix from the gas stream processed at its Empress straddle plant facility as well as acquiring NGL mix.

Industry: Pipe Lines (No Natural Gas) Peers: Crestwood Equity Partners LP Delek Logistics Partners, LP ENTERPRISE PRODUCTS PARTNERS L.P. Midstream Co LLC Excelerate Energy, Inc. GENESIS ENERGY LP HOLLY ENERGY PARTNERS LP International Seaways, Inc. NuStar Energy L.P. RATTLER MIDSTREAM LP