Want to see PAGP full AI Analyst Report?
PAGP Stock Chart & Stats
$26.45
-$0.06(-0.23%)
At close: 4:00 PM EDT
$26.45
-$0.06(-0.23%)
Day’s Range― - ―
52-Week Range$16.69 - $26.78
Previous CloseN/A
Volume1.39M
Average Volume (3M)1.16M
Market Cap
$19.42B
Enterprise Value$26.11K
Total Cash (Recent Filing)$1.06B
Total Debt (Recent Filing)$8.63B
Price to Earnings (P/E)9.2
Beta0.25
Next Earnings
Oct 29, 2026EPS Estimate
0.48Next Dividend Ex-DateN/A
Dividend Yield6.32%
Share Statistics
EPS (TTM)2.80
Shares Outstanding197,904,130
10 Day Avg. Volume1,219,115
30 Day Avg. Volume1,164,785
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)2.82
Price to Sales (P/S)0.09
P/FCF Ratio1.66
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$24.67Price Target Upside-6.74% Downside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)1.63
Revenue Forecast (FY)$54.03B
Bulls Say, Bears Say
Bulls Say
Consistent Free Cash FlowPlains generates durable operating cash flow near $2.0B–$2.9B and has shown TTM free cash flow growth of ~16%. That consistent cash generation supports distributions, funds organic growth and deleveraging, and provides long-term financial optionality even through commodity cycles.
Material Deleveraging From NGL SaleThe ~ $3.3B net proceeds committed to repay over $3B of debt materially reduces leverage, moving pro forma leverage from ~4.1x toward the 3.25x–3.75x target. This strengthens capital structure, lowers refinancing risk, and improves capacity for distributions and opportunistic capital allocation.
Focused Crude Midstream Strategy & SynergiesCompleting the NGL sale and integrating Cactus III refocuses the business on crude midstream, which is less commodity‑sensitive for Plains. Captured Cactus III synergies and higher organic growth capex align assets with Permian and long‑haul crude demand, improving structural cash generation prospects.
Bears Say
Historically High LeverageDespite recent steps to deleverage, Plains carried historically elevated leverage (debt-to-equity ~5x–8.5x) across 2022–2025. High structural leverage limits financial flexibility, increases refinancing and covenant risk in downturns, and requires sustained cash generation to avoid capital allocation trade-offs.
Regulatory Uncertainty On Keyera TransactionA regulatory challenge to the Keyera transaction introduces legal and timing risk around the NGL divestiture outcomes. Delays or remediation could postpone debt paydown, tax outcomes and transition services, undermining the timing of balance‑sheet improvement and the firm's strategic pivot execution.
Thin, Volatile ProfitabilityPlains' business is high‑throughput/low‑spread, producing thin gross margins and uneven net margins historically. This structural low margin profile makes earnings sensitive to volume, tariff mix and timing, limiting margin resilience in downturns and constraining sustainable distribution or reinvestment growth.
Plains GP Holdings News
PAGP FAQ
What was Plains GP Holdings LP’s price range in the past 12 months?
Plains GP Holdings LP lowest stock price was $16.68 and its highest was $26.77 in the past 12 months.
What is Plains GP Holdings LP’s market cap?
Plains GP Holdings LP’s market cap is $19.42B.
When is Plains GP Holdings LP’s upcoming earnings report date?
Plains GP Holdings LP’s upcoming earnings report date is Oct 29, 2026 which is in 74 days.
How were Plains GP Holdings LP’s earnings last quarter?
Plains GP Holdings LP released its earnings results on Aug 07, 2026. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $0.436 by $1.534.
Is Plains GP Holdings LP overvalued?
According to Wall Street analysts Plains GP Holdings LP’s price is currently Overvalued.
Does Plains GP Holdings LP pay dividends?
Plains GP Holdings LP pays a Quarterly dividend of $0.417 which represents an annual dividend yield of 6.32%. See more information on Plains GP Holdings LP dividends here
What is Plains GP Holdings LP’s EPS estimate?
Plains GP Holdings LP’s EPS estimate is 0.48.
How many shares outstanding does Plains GP Holdings LP have?
Plains GP Holdings LP has 197,904,130 shares outstanding.
What happened to Plains GP Holdings LP’s price movement after its last earnings report?
Plains GP Holdings LP reported an EPS of $1.97 in its last earnings report, beating expectations of $0.436. Following the earnings report the stock price went down -2.522%.
Which hedge fund is a major shareholder of Plains GP Holdings LP?
Currently, no hedge funds are holding shares in PAGP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Plains GP Holdings Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$24.67 (-6.74% Downside)
$24.67 (-6.74% Downside)
Blogger Sentiment
Bullish
PAGP Sentiment 100%
Sector Average 56%
Sector Average 56%
Hedge Fund Trend
Decreased
By 162.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 6.6%
Last 30 Days ▲ 10.2%
Last 30 Days ▲ 10.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
42.48%
12-Months-Change
Fundamentals
Return on Equity
6.32%
Trailing 12-Months
Asset Growth
6.83%
Trailing 12-Months
Company Description
Plains GP Holdings LP
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.
PAGP Company Deck
PAGP Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a largely positive outlook driven by strong first-quarter results, an upwardly revised 2026 EBITDA guidance, significant expected NGL sale proceeds (~$3.3 billion) enabling meaningful deleveraging, solid free cash flow expectations (~$1.85 billion) and on‑track cost and synergy initiatives. Near‑term headwinds include one‑time weather and operational impacts (~$49 million), elevated pre‑sale leverage (4.1x), regulatory uncertainty around the Keyera transaction, natural gas takeaway constraints in the Permian that limit near‑term volume growth, and limited immediate benefit from higher commodity prices due to prior hedging. Overall, the positives (guidance raise, cash generation, deleveraging, cost savings and Cactus III benefits) outweigh the noted near‑term challenges.View all PAGP earnings summariesPAGP Stock 12 Month Forecast
Average Price Target
$24.67
▼(-6.74% Downside)
Technical Analysis
Plains All American
―
Western Midstream Partners
―
Antero Midstream
―
Hess Midstream Partners
―
DT Midstream
―
Ownership Overview
0.43% Insiders
28.96% Mutual Funds
37.09% Other Institutional Investors
22.93% Public Companies and
Individual Investors