PAGP · Plains Gp Holdings LP
Price & Indicators
Up next
AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $879M | the three months ended June 30, 2026 filing | — |
|
|
|||
| Adjusted EBITDA attributable to PAA non-GAAP | $738M | the three months ended June 30, 2026 filing | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Adjusted EBITDA $879M
-$141M Adjusted EBITDA attributable to noncontrolling interests in consolidated joint ventures
= Adjusted EBITDA attributable to PAA $738M
|
|||
| Maintenance capital expenditures | $38M | the three months ended June 30, 2026 filing | -13.6% |
|
|
|||
| Adjusted EBITDA from Crude Oil non-GAAP | 582M | Three Months Ended March 31, 2026 | — |
| Adjusted EBITDA from NGL non-GAAP | 145M | Three Months Ended March 31, 2026 | — |
| Adjusted Free Cash Flow non-GAAP | 82M | Three Months Ended March 31, 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Net cash provided by operating activities 418M
-233M Net cash used in investing activities
+0M Cash contributions from noncontrolling interests
-103M Cash distributions paid to noncontrolling interests
+0M Proceeds from the issuance of related party notes
= Adjusted Free Cash Flow 82M
|
|||
| Adjusted Free Cash Flow (Excluding Changes in Assets & Liabilities) non-GAAP | 185M | Three Months Ended March 31, 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Adjusted Free Cash Flow 82M
+103M Changes in assets and liabilities, net of acquisitions
= Adjusted Free Cash Flow (Excluding Changes in Assets & Liabilities) 185M
|
|||
| Adjusted Free Cash Flow after Distributions non-GAAP | -266M | Three Months Ended March 31, 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Adjusted Free Cash Flow 82M
-348M Cash distributions
= Adjusted Free Cash Flow after Distributions -266M
|
|||
| Adjusted Free Cash Flow after Distributions (Excluding Changes in Assets & Liabilities) non-GAAP | -163M | Three Months Ended March 31, 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Adjusted Free Cash Flow (Excluding Changes in Assets & Liabilities) 185M
-348M Cash distributions
= Adjusted Free Cash Flow after Distributions (Excluding Changes in Assets & Liabilities) -163M
|
|||
| Adjusted net income attributable to PAA non-GAAP | 325M | Three Months Ended March 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income attributable to PAA 152M
+173M Selected items impacting comparability - Adjusted net income attributable to PAA
= Adjusted net income attributable to PAA 325M
|
|||
| Diluted adjusted net income per common unit non-GAAP | $0.39 | Three Months Ended March 31, 2026 | — |
| Implied DCF per common unit and common unit equivalent non-GAAP | $0.61 | Three Months Ended March 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Basic net income per common unit $0.14
+$0.47 Reconciling items per common unit and common unit equivalent
= Implied DCF per common unit and common unit equivalent $0.61
|
|||
| Pro forma leverage ratio | 4.1 | first-quarter 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Midstream — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PAGP
this stock
Plains Gp Holdings LP
|
$5.11B | +35.0% | -9.5% | — | 7.8% |
|
ENB
Enbridge Inc
|
$111.19B | +6.4% | — | — | 1.4% |
|
WMB
Williams Companies, Inc.
|
$91.98B | +25.1% | +13.8% | 30.0 | 2.2% |
|
EPD
Enterprise Products Partners L.P.
|
$84.00B | +21.3% | -6.4% | — | 0.8% |
|
KMI
Kinder Morgan, Inc.
|
$73.08B | +19.4% | +12.2% | 21.0 | 2.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PAGP | +4.5% | +0.9% | +16.2% | -1.9% | +35.0% |
| SPY | +0.4% | +4.5% | +13.8% | +3.9% | +13.9% |
| vs SPY | +4.1% | -3.6% | +2.5% | -5.8% | +21.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.