The earnings call presented a mixed outlook with strong performance in terms of EBITDA growth and strategic acquisitions. However, significant market volatility and weather impacts posed challenges. Despite uncertainties, the company remains optimistic about its growth initiatives and financial strategy.

Company Guidance -

Q3 2025

During the Plains All American and Plains GP Holdings First Quarter 2025 Earnings Call, the company reported an adjusted EBITDA of $754 million, highlighting resilience amidst market volatility driven by trade tariffs and OPEC dynamics. They expect 2025 EBITDA and Permian growth to be in the lower half of their ranges, assuming a $60-$65 WTI environment. Their NGL segment is largely hedged at 80% for 2025, insulating it from lower commodity prices. Plains continues to execute its efficient growth strategy, generating significant free cash flow and maintaining a flexible balance sheet with a low leverage ratio. They completed a 30,000 barrel a day fractionation project at Fort Sask and made strategic bolt-on acquisitions, including the Cheyenne pipeline and Black Knight Midstream, totaling approximately $55 million, enhancing their asset base and supporting long-term customer commitments. The company remains focused on capital discipline, with a strong balance sheet offering the capacity for further bolt-on acquisitions, supporting a robust cash flow outlook with an expected $1.1 billion adjusted free cash flow for the year.

Solid First Quarter Performance

Reported a solid first quarter performance with adjusted EBITDA attributable to Plains up $754 million.

Strategic Acquisitions

Acquired the remaining 50% equity in the Cheyenne pipeline and Black Knight Midstream for approximately $55 million, enhancing asset base and growth strategy.

NGL Segment Expansion

Transitioned to more fee-based earnings with the completion of a 30,000 barrel a day fractionation bottleneck project at Fort Sask, supported by long-term customer commitments.

Strong Cash Flow Generation

Expected to generate strong cash flow for the year with adjusted free cash flow of about $1.1 billion.

Efficient Growth Initiatives

Continued execution of efficient growth strategy, maintaining a flexible balance sheet and returning capital to unitholders.

Plains GP Holdings (PAGP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PAGP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	- / -	0.17	―	―	―
Aug 01, 2025	2025 (Q2)	0.39 / -	0.2	―	―	―
May 09, 2025	2025 (Q1)	0.43 / 0.42	0.21	100.00% (+0.21)	―	―
Feb 07, 2025	2024 (Q4)	0.46 / -0.05	0.27	-118.52% (-0.32)	―	―
Nov 08, 2024	2024 (Q3)	0.38 / 0.17	0.15	13.33% (+0.02)	―	―
Aug 02, 2024	2024 (Q2)	0.39 / 0.20	0.25	-20.00% (-0.05)	―	―
May 03, 2024	2024 (Q1)	0.47 / 0.21	0.35	-40.00% (-0.14)	―	―
Feb 09, 2024	2023 (Q4)	0.40 / 0.27	0.23	17.39% (+0.04)	―	―
Nov 03, 2023	2023 (Q3)	0.30 / 0.15	0.36	-58.33% (-0.21)	―	―
Aug 04, 2023	2023 (Q2)	0.26 / 0.25	0.16	56.25% (+0.09)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PAGP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 09, 2025	$17.89	$17.40	-2.74%
Feb 07, 2025	$20.29	$19.92	-1.82%
Nov 08, 2024	$17.77	$17.25	-2.93%
Aug 02, 2024	$17.61	$17.06	-3.12%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Plains GP Holdings (PAGP) report earnings?

Plains GP Holdings (PAGP) is schdueled to report earning on Aug 01, 2025, After Close (Confirmed).

What is Plains GP Holdings (PAGP) earnings time?

Plains GP Holdings (PAGP) earnings time is at Aug 01, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PAGP EPS forecast?

PAGP EPS forecast for the fiscal quarter 2025 (Q2) is 0.39.

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