📊 PAGP Key Takeaways
Is Plains Gp Holdings LP (PAGP) a Good Investment?
Plains GP operates a capital-intensive pipeline business with concerning structural financial weaknesses: negative stockholders' equity of -$753M, declining revenue (-9.5% YoY), and liquidity stress (current ratio 0.96x). While operating cash flow of $2.9B demonstrates the business generates real cash, this is insufficient to offset systematic balance sheet deterioration and margin compression in a low-margin infrastructure business.
Why Buy Plains Gp Holdings LP Stock? PAGP Key Strengths
- Strong operating cash flow of $2.9B provides liquidity despite balance sheet weaknesses
- Solid interest coverage ratio of 15.0x indicates near-term debt service capability
- Free cash flow of $2.3B demonstrates underlying operational value generation in essential infrastructure segment
PAGP Stock Risks: Plains Gp Holdings LP Investment Risks
- Negative stockholders' equity of -$753M indicates accumulated losses or significant capital return; structural solvency concern
- Revenue declined 9.5% YoY suggesting weakness in pipeline utilization or rates in core business
- Current ratio of 0.96x and quick ratio of 0.92x indicate liquidity strain with near-term liabilities exceeding current assets
- Extremely thin margins (3.1% gross, 0.6% net) leave minimal buffer for operational disruption or cost inflation
Key Metrics to Watch
- Trend in stockholders' equity and path to positive equity restoration
- Revenue stabilization or return to growth (monitor segment volumes and realized tariffs)
- Current and quick ratio improvement toward 1.0x+ levels to address liquidity concerns
- Operating cash flow sustainability as utilization rates change
Plains Gp Holdings LP (PAGP) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
PAGP Profit Margin, ROE & Profitability Analysis
PAGP vs Energy Sector: How Plains Gp Holdings LP Compares
How Plains Gp Holdings LP compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Plains Gp Holdings LP Stock Overvalued? PAGP Valuation Analysis 2026
Based on fundamental analysis, Plains Gp Holdings LP has mixed fundamental signals relative to the Energy sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Plains Gp Holdings LP Balance Sheet: PAGP Debt, Cash & Liquidity
PAGP Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Plains Gp Holdings LP's revenue has grown significantly by 16% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.10 reflects profitable operations.
PAGP Revenue Growth, EPS Growth & YoY Performance
PAGP Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $11.6B | $33.0M | N/A |
| Q2 2025 | $10.6B | $30.0M | N/A |
| Q1 2025 | $12.0B | $42.0M | N/A |
| Q3 2024 | $12.1B | $29.0M | N/A |
| Q2 2024 | $11.6B | $39.0M | N/A |
| Q1 2024 | $12.0B | $42.0M | N/A |
| Q3 2023 | $12.1B | $29.0M | N/A |
| Q2 2023 | $11.6B | $31.0M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Plains Gp Holdings LP Dividends, Buybacks & Capital Allocation
PAGP SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Plains Gp Holdings LP (CIK: 0001581990)
📋 Recent SEC Filings
❓ Frequently Asked Questions about PAGP
What is the AI rating for PAGP?
Plains Gp Holdings LP (PAGP) has an AI rating of SELL with 72% confidence, based on fundamental analysis of SEC EDGAR filings.
What are PAGP's key strengths?
Claude: Strong operating cash flow of $2.9B provides liquidity despite balance sheet weaknesses. Solid interest coverage ratio of 15.0x indicates near-term debt service capability.
What are the risks of investing in PAGP?
Claude: Negative stockholders' equity of -$753M indicates accumulated losses or significant capital return; structural solvency concern. Revenue declined 9.5% YoY suggesting weakness in pipeline utilization or rates in core business.
What is PAGP's revenue and growth?
Plains Gp Holdings LP reported revenue of $44.3B.
Does PAGP pay dividends?
Plains Gp Holdings LP does not currently pay dividends.
Where can I find PAGP SEC filings?
Official SEC filings for Plains Gp Holdings LP (CIK: 0001581990) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is PAGP's EPS?
Plains Gp Holdings LP has a diluted EPS of $0.27.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is PAGP a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Plains Gp Holdings LP has a SELL rating with 72% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is PAGP stock overvalued or undervalued?
Valuation metrics for PAGP: ROE of N/A (sector avg: 14%), net margin of 0.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy PAGP stock in 2026?
Our dual AI analysis gives Plains Gp Holdings LP a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is PAGP's free cash flow?
Plains Gp Holdings LP's operating cash flow is $2.9B, with capital expenditures of $643.0M. FCF margin is 5.2%.
How does PAGP compare to other Energy stocks?
Vs Energy sector averages: Net margin 0.6% (avg: 12%), ROE N/A (avg: 14%), current ratio 0.96 (avg: 1.3).