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Upturn AI Summary - About
Plains GP Holdings LP(PAGP)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PAGP
10/23/2026: PAGP (4-star) is currently NOT-A-BUY. Pass it for now.
Plains GP Holdings LP is a midstream energy company that manages essential crude oil and NGL infrastructure, primarily through its interest in Plains All American Pipeline. Its main business strength lies in its extensive pipeline network, particularly within the Permian Basin, which generates steady fee-based revenue. The primary growth opportunity involves optimizing this existing infrastructure and expanding export capacity to meet international energy needs. Key risks include regulatory scrutiny, regional production shifts, and the long-term energy transition away from fossil fuels. The stock is best suited for income-focused investors who value reliable dividend distributions and lower relative volatility, though it is essential to monitor management's ongoing deleveraging progress.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company is a mature midstream operator and is not characterized by high-growth, technology-driven expansion. |
| Momentum investor | Weak fit | PAGP tends to be a low-beta, steady income-generating stock rather than a high-momentum volatility play. |
| Value investor | Strong fit | The company is often viewed as reasonably valued relative to its cash flow generation and dividend yield. |
| Dividend investor | Strong fit | Consistent dividend payments and a focus on cash flow stability make it attractive for income-seeking portfolios. |
| Low-risk investor | Strong fit | Its fee-based, regulated-like business model provides lower volatility compared to pure-play exploration and production companies. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | While fee-based, the volume of energy transported is tied to commodity production levels. |
| Valuation risk | Low | The stock typically trades in line with stable utility-like valuation multiples. |
| Competition risk (Energy Midstream) | Medium / high | Intense competition for pipeline utilization and contract renewals can pressure margins. |
| Business quality | Strong | The company owns essential, difficult-to-replicate infrastructure assets. |
| Dividend income | Low | Dividends are supported by relatively predictable cash flows, though they remain subject to board discretion. |
| Execution risk | Medium | Operational delays or cost overruns in maintenance and expansion projects can impact short-term performance. |
Price Behavior

Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.

Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit 9.82% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Advisory Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals 
Financial Health Rating 
Growth Momentum Score 
Ownership 
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue) 
Economic Dimensions
Quantitative Style Profile 
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.66B USD | Price to earnings Ratio 65.01 | 1Y Target Price 26.46 |
Price to earnings Ratio 65.01 | 1Y Target Price 26.46 | ||
Volume (30-day avg) 1.8M shares | Beta 0.52 | 52 Weeks Range 16.01 - 28.73 | Updated Date 10/25/2026 |
52 Weeks Range 16.01 - 28.73 | Updated Date 10/25/2026 | ||
Dividends yield (FY) 5.85% | Basic EPS (TTM) 0.44 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Crude Oil Gathering & Transportation | Pipelines and storage terminals for moving oil from production basins to market. | The company collects fees for the volume of oil that flows through its massive network of pipes. |
| NGL Services | Fractionation and terminal services for natural gas liquids. | Revenue is earned by processing and moving liquid energy products required for industrial and heating use. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 65.01 | Forward PE 12.06 | Enterprise Value 12.01B | Price to Sales(TTM) 0.13 |
Enterprise Value 12.01B | Price to Sales(TTM) 0.13 | ||
Enterprise Value to Revenue 0.25 | Enterprise Value to EBITDA 4.55 | Shares Outstanding 197.90M | Shares Floating 192.12M |
Shares Outstanding 197.90M | Shares Floating 192.12M | ||
Percent Insiders 2.77 | Percent Institutions 84.47 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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