Plains GP Holdings, L.P. (PAGP) Stock Price & Analysis
Plains GP Holdings, L.P. (PAGP) closed at USD 27.93 on Thursday, October 22, 2026, up 0.04% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 27.92; the Oct 22, 2026 session ranged USD 27.51–28.16 on volume of 1,590,839 shares. Market capitalization is $6.51B, with a 52-week range of USD 16.89–28.7 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PAGP.md
Key facts (PAGP)
- Last four reported quarters (through Jun 30, 2026): revenue $52.3B, net income $554M (1.1% margin), free cash flow $2.37B (SEC filings).
- Valuation: P/E 11.7x, EV/EBITDA 5.3x, net debt $7.38B.
- Analysts: Hold (mean 2.79 on a 1–5 scale) (14 analysts), mean target USD 26.46 (range 20–30).
- Total return with dividends: 1Y +69.0% vs S&P 500 +14.9%; 5Y +241.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-06, EPS estimate USD 0.48, revenue estimate $13.9B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PAGP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $42.1B | $57.3B | $47.3B | $48.9B | $44.3B | $52.3B |
| Gross profit | $3.57B | $4.17B | $3.40B | $3.73B | $3.83B | — |
| Operating income | $842M | $1.28B | $1.25B | $862M | $1.43B | $1.64B |
| Net income | $60.0M | $168M | $198M | $103M | $260M | $554M |
| Free cash flow | $1.66B | $1.95B | $2.31B | $2.04B | $2.29B | $2.37B |
| Gross margin | 8.5% | 7.3% | 7.2% | 7.6% | 8.7% | — |
| Operating margin | 2.0% | 2.2% | 2.6% | 1.8% | 3.2% | 3.1% |
| Net margin | 0.1% | 0.3% | 0.4% | 0.2% | 0.6% | 1.1% |
| Revenue growth | +80.7% | +36.3% | -17.4% | +3.3% | -9.5% | — |
| Cash + short-term investments | $452M | $404M | $453M | $349M | $329M | — |
| Total debt | $9.22B | $8.45B | $7.75B | $7.62B | $1.66B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PAGP)
P/E 11.7x · P/S 0.1x · EV/EBITDA 5.3x · EV/Sales 0.3x · P/FCF 2.7x · FCF yield 36.42% · Earnings yield 8.51% · Net debt $7.38B · EV $13.9B
Analysts (PAGP)
Consensus Hold (mean 2.79 on a 1–5 scale), 14 analysts; mean target USD 26.46 (low 20, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | UBS | Target raised | Buy | $26 → $30 |
| 2026-09-21 | Barclays | Target raised | Underweight | $23 → $24 |
| 2026-09-21 | Mizuho | Target raised | Outperform | $27 → $30 |
| 2026-09-17 | Citigroup | Target raised | Neutral | $23 → $27 |
| 2026-09-03 | JP Morgan | Target raised | Neutral | $24 → $27 |
| 2026-08-18 | Morgan Stanley | Target raised | Equal-Weight | $26 → $28 |
| 2026-07-16 | Barclays | Target raised | Underweight | $21 → $23 |
| 2026-07-15 | Truist Securities | Target raised | Buy | $23 → $25 |
Total return (dividends reinvested) (PAGP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +69.0% | +241.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +69.3% | +27.8% |
| Volatility (annualized) | 17.8% | 26.8% |
| Max drawdown | -10.4% (May 2026→Jun 2026) | -19.1% (Feb 2025→Oct 2025) |
Companies that name PAGP in their SEC reports
| Relationship to PAGP | Company | Filing | Sentence |
|---|---|---|---|
| partner | PLAINS ALL AMERICAN PIPELINE LP (PAA) | 10-K Feb 27, 2026 | “(1)Each Class C share represents a non-economic limited partner interest in PAGP.” |
PAGP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.48 | $0.53 | -9.5% | $13.91B | 4 |
| Next quarter (ends Dec 2026) | $0.52 | $0.54 | -4.3% | $12.96B | 4 |
| Current fiscal year (ends Dec 2026) | $2.23 | $1.95 | +14.2% | $57.49B | 5 |
| Next fiscal year (ends Dec 2027) | $2.07 | $2.16 | -4.4% | $57.31B | 5 |
Key Statistics (as of October 23, 2026 at 10:12 UTC)
| Price | USD 27.93 |
|---|---|
| Change | ▲ 0.04% (up) |
| Previous Close | USD 27.92 |
| Open | USD 28 |
| Day Range | USD 27.51 – 28.16 |
| 52-Week Range | USD 16.89 – 28.7 |
| Volume | 1,590,839 shares |
| Market Cap | $6.51B |
| Exchange | NMS |
Technical Analysis (PAGP)
Nexqual's technical model rates PAGP "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 10:12 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 67.32 (neutral) |
| vs SMA50 | Above (USD 27.12) |
| MACD | 0.21 (positive) |
Analyst Ratings (PAGP)
Wall Street analysts rate PAGP "Hold" based on 14 analysts, with a mean price target of USD 26.46 (range USD 20–30), per Nexqual as of October 23, 2026 at 10:12 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 14 |
| Mean Target | USD 26.46 |
| High Target | USD 30 |
| Low Target | USD 20 |
| Buy / Hold / Sell | 6 / 6 / 2 |
Earnings (PAGP)
| Next Earnings Date | 2026-11-06 |
|---|---|
| EPS Estimate | USD 0.48 |
| Revenue Estimate | $13.91B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.41 vs est 0.44 ▼ miss |
| 2026-03-31 | USD 1.12 vs est 0.67 ▲ beat |
| 2025-12-31 | USD 0.36 vs est 0.46 ▼ miss |
| 2025-09-30 | USD 0.83 vs est 0.4 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financials & Fundamentals (PAGP)
| Total Revenue | $52.30B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +66.30% |
| Gross Margin | +5.55% |
| Operating Margin | +2.77% |
| Profit Margin | +1.06% |
| ROE | +8.31% |
| Debt / Equity | 0.56 |
| Current Ratio | 1.12 |
| Total Cash | $1.06B |
| Total Debt | $8.63B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $2.37B (4.5% of revenue) |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financial Health Score (PAGP)
Nexqual rates Plains GP Holdings, L.P.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 10:12 UTC.
| Growth | Critical — Revenue -12% YoY (annual), sharp decline |
|---|---|
| Profitability | Weak — Gross margin 6%, operating 3% (last 12 months) |
| Balance Sheet | Solid — $1.06B cash and investments vs $8.44B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $2.37B (last 4 quarters to Jun 2026, SEC), slim 4.5% margin |
| Efficiency | Mixed — ROE 8%, ROA 3.4% |
Ownership (PAGP)
| Insider Ownership | +2.77% |
|---|---|
| Institutional Ownership | +84.45% |
| Shares Outstanding | 197.90M |
| Float | 192.12M |
| Short % of Float | +8.29% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Leadership (PAGP)
Plains GP Holdings, L.P. is led by Wilfred C.W. Chiang, Chairman, President & CEO of PAA GP Holdings LLC, per Nexqual as of October 23, 2026 at 10:12 UTC.
| Chairman, President & CEO of PAA GP Holdings LLC | Wilfred C.W. Chiang |
|---|---|
| Executive VP & CFO of PAA GP Holdings LLC | Al P. Swanson |
| Director & Senior Advisor to the CEO of PAA GP Holdings LLC | Gregory L. Armstrong |
| Senior Advisor to CEO & Director of PAA GP Holdings LLC | Harry N. Pefanis |
| Executive VP & COO | Constantine S. Liollio |
Major Backers & Investors (PAGP)
Notable institutional backers of Plains GP Holdings, L.P. include Tortoise Capital Advisors, LLC, Energy Income Partners, LLC, Massachusetts Financial Services Co., according to Nexqual as of October 23, 2026 at 10:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Tortoise Capital Advisors, LLC | 5.92% |
| Energy Income Partners, LLC | 4.82% |
| Massachusetts Financial Services Co. | 4.76% |
| Chickasaw Capital Management, LLC | 4.56% |
| Mnged PORT. Series-Tortoise Energy Infrastructure Total Return Fd. | 3.85% |
| Two Sigma Investments, LP | 3.83% |
| ClearBridge Investments, LLC | 3.65% |
| Goldman Sachs | 3.49% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:12 UTC. This page is informational and not investment advice.
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