In Q1 FY2026 (ended March 31, 2026), Plains GP Holdings reported revenue of $12.47 billion, up 8.7% year-over-year. Operating income rose 13.5% to $403 million, but net income fell 76.2% to $20 million. Diluted EPS was $0.14, up 27.3% from the prior year. Cash stood at $172 million, and long-term debt was $1.099 billion.
•Revenue increased 8.7% YoY to $12.47 billion.
•Operating income grew 13.5% to $403 million.
•Net income declined 76.2% to $20 million.
•Diluted EPS rose 27.3% to $0.14.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
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. Its business is organized into 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, as well as terminalling, storage, and related services.
Additionally, it 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. Incorporated in 2013, Plains GP Holdings, L.P. is headquartered in Houston, Texas.
Plains GP Holdings, L.P. (PAGP) is a master limited partnership that operates through its subsidiary, Plains All American Pipeline, L.P. The company owns and operates midstream infrastructure systems primarily in the United States and Canada. Its business is organized into two main segments: Crude Oil and Natural Gas Liquids (NGLs). In the Crude Oil segment, it gathers and transports crude oil using pipelines, trucks, barges, and railcars, and provides terminalling, storage, and related services. The NGLs segment involves natural gas processing, NGL fractionation, storage, transportation, and terminalling activities. Essentially, PAGP provides the critical infrastructure that connects oil and gas producers with refineries and end-users.
Where is Plains GP Holdings (PAGP) listed and what currency does it trade in?
Plains GP Holdings, L.P. (PAGP) is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol PAGP. The company trades in U.S. dollars (USD), which is the currency of its home country, the United States. As a publicly traded partnership, PAGP's shares are available for purchase by investors on this major U.S. stock exchange, providing liquidity and market access.
What sector and industry does Plains GP Holdings (PAGP) operate in?
Plains GP Holdings, L.P. (PAGP) operates in the Energy sector, specifically within the Oil & Gas Midstream industry. Midstream companies are responsible for the transportation, storage, and processing of oil and natural gas. Unlike upstream (exploration and production) or downstream (refining and marketing) companies, midstream firms like PAGP focus on the infrastructure that moves energy products from production sites to refineries and ultimately to consumers. This includes pipelines, terminals, and storage facilities.
Where is Plains GP Holdings (PAGP) headquartered and what markets does it serve?
Plains GP Holdings, L.P. (PAGP) is headquartered in Houston, Texas, United States. The company was incorporated in 2013. Through its subsidiary Plains All American Pipeline, L.P., it serves markets primarily in the United States and Canada. Its midstream infrastructure systems span key oil and gas producing regions, providing gathering, transportation, storage, and processing services to customers across North America. The strategic location in Houston, a major energy hub, supports its operations in the broader energy market.
How does Plains GP Holdings (PAGP) make money?
Plains GP Holdings, L.P. (PAGP) generates revenue through its subsidiary Plains All American Pipeline, L.P., by providing midstream services. The company earns fees for gathering and transporting crude oil via pipelines, trucks, barges, and railcars, as well as for terminalling and storage services. In its Natural Gas Liquids (NGLs) segment, it generates revenue from natural gas processing, NGL fractionation, storage, transportation, and terminalling. These services are typically fee-based, providing stable cash flows. PAA GP Holdings LLC operates as the general partner, managing the partnership's operations and earning distributions.