PAGP official logo PAGP
PAGP 1-star rating from Upturn Advisory
Plains GP Holdings LP (PAGP) company logo

Plains GP Holdings LP (PAGP)

Plains GP Holdings LP (PAGP) 1-star rating from Upturn Advisory
$17.19
Last Close (24-hour delay)
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Upturn Advisory Summary

11/05/2025: PAGP (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

3 star rating from financial analysts

13 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $20.62

1 Year Target Price $20.62

Analysts Price Target For last 52 week
$20.62 Target price
52w Low $15.61
Current$17.19
52w High $20.66

Analysis of Past Performance

Type Stock
Historic Profit -6.45%
Avg. Invested days 52
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/05/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.00B USD
Price to earnings Ratio 31.83
1Y Target Price 20.62
Price to earnings Ratio 31.83
1Y Target Price 20.62
Volume (30-day avg) 13
Beta 0.55
52 Weeks Range 15.61 - 20.66
Updated Date 11/6/2025
52 Weeks Range 15.61 - 20.66
Updated Date 11/6/2025
Dividends yield (FY) 8.41%
Basic EPS (TTM) 0.54

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-11-10
When Before Market
Estimate 0.45
Actual 0.8255

Profitability

Profit Margin 0.29%
Operating Margin (TTM) 2.62%

Management Effectiveness

Return on Assets (TTM) 2.77%
Return on Equity (TTM) 7.11%

Valuation

Trailing PE 31.83
Forward PE 12.06
Enterprise Value 12009911393
Price to Sales(TTM) 0.08
Enterprise Value 12009911393
Price to Sales(TTM) 0.08
Enterprise Value to Revenue 0.25
Enterprise Value to EBITDA 4.55
Shares Outstanding 197743624
Shares Floating 192242396
Shares Outstanding 197743624
Shares Floating 192242396
Percent Insiders 2.69
Percent Institutions 81.18

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Plains GP Holdings LP

Plains GP Holdings LP(PAGP) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Plains GP Holdings LP (PAGP) was the publicly traded general partner of Plains All American Pipeline, L.P. The partnership focused on midstream energy infrastructure and provided transportation, storage, and processing services for crude oil and natural gas liquids (NGLs). In November 2021, PAGP merged into its operating subsidiary, Plains All American Pipeline, L.P. (PAA).

Company business area logo Core Business Areas

  • Transportation: Pipelines and other facilities used to transport crude oil and NGLs.
  • Storage: Storage facilities for crude oil and NGLs.
  • Processing: Processing plants that separate and purify NGLs.

leadership logo Leadership and Structure

Prior to the merger, Plains GP Holdings LP was the general partner of Plains All American Pipeline, L.P. The leadership consisted of the board of directors and executive management team. Greg L. Armstrong was the Chairman and CEO for many years until his retirement. The structure followed a general partner/limited partnership model.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Crude Oil Transportation: Transportation of crude oil through pipelines. Competitors include Enterprise Products Partners (EPD) and Magellan Midstream Partners (MMP). Historically significant revenue driver, but specific market share data for PAGP alone is unavailable pre-merger and impossible now.
  • NGL Transportation and Services: Transportation, storage, and fractionation of NGLs. Enterprise Products Partners (EPD) and Kinder Morgan (KMI) are major competitors. Similar to crude oil, market share data solely for PAGP is not publicly available and impossible to determine.

Market Dynamics

industry overview logo Industry Overview

The midstream energy industry involves the transportation, storage, and processing of crude oil and natural gas. It is influenced by energy prices, production levels, and regulatory factors.

Positioning

Before the merger, Plains was a major player in the midstream sector, particularly in crude oil transportation. It leveraged its extensive pipeline network to transport crude oil from production basins to demand centers.

Total Addressable Market (TAM)

The TAM for midstream energy infrastructure is substantial, encompassing trillions of dollars across North America. Plains was positioned to capture a significant share of this market through its strategically located assets and long-term contracts.

Upturn SWOT Analysis

Strengths

  • Extensive pipeline network
  • Strategic asset locations
  • Long-term contracts
  • Experienced management team

Weaknesses

  • Sensitivity to commodity prices
  • Regulatory risks
  • High debt levels (common in the midstream sector)
  • Dependence on production levels

Opportunities

  • Expansion of pipeline infrastructure
  • Growth in NGL production
  • Acquisitions of complementary assets
  • Increased demand for energy exports

Threats

  • Decline in commodity prices
  • Increased regulatory scrutiny
  • Competition from other midstream companies
  • Environmental concerns and opposition to pipeline projects

Competitors and Market Share

Key competitor logo Key Competitors

  • Enterprise Products Partners (EPD)
  • Kinder Morgan (KMI)
  • Energy Transfer (ET)
  • MPLX LP (MPLX)

Competitive Landscape

Plains operated in a competitive landscape with other major midstream companies. Competition was based on pipeline capacity, geographic reach, and service offerings.

Major Acquisitions

BridgeTex Pipeline Company

  • Year: 2012
  • Acquisition Price (USD millions): 1075
  • Strategic Rationale: Expand crude oil transportation capabilities from the Permian Basin.

Growth Trajectory and Initiatives

Historical Growth: PAGP's historical growth was driven by the expansion of its pipeline network and the increasing demand for midstream energy services.

Future Projections: Future growth projections are now encompassed within Plains All American Pipeline, L.P. (PAA).

Recent Initiatives: Prior to the merger, Plains undertook initiatives to expand its pipeline network and increase its processing capacity. Post-merger, these initiatives are reflected in PAA's strategy.

Summary

Plains GP Holdings LP, as a publicly traded entity, no longer exists having merged into PAA. Before the merger, the company was a major player in the midstream energy sector, benefiting from its extensive pipeline network and strategic asset locations. Its strengths lied in transportation and storage capabilities of Crude Oil. However, exposure to commodity prices and regulatory risks presented challenges, and all those assets and concerns are now with PAA.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (historical)
  • Industry Reports
  • Analyst Estimates (historical)
  • Company Press Releases (historical)

Disclaimers:

Data and analysis are based on historical information and publicly available sources. The information is not a recommendation to buy or sell any security. The merger of PAGP into PAA significantly alters the relevance of historical PAGP specific data.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Plains GP Holdings LP

Exchange NASDAQ
Headquaters Houston, TX, United States
IPO Launch date 2013-10-16
Chairman & CEO of PAA GP Holdings LLC Mr. Wilfred C.W. Chiang
Sector Energy
Industry Oil & Gas Midstream
Full time employees -
Full time employees -

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. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). It engages in the gathering and transporting crude oil using pipelines, trucks, and barges or railcars, as well as providing terminalling, storage, and other related services. The company is also 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. Plains GP Holdings, L.P. was incorporated in 2013 and is headquartered in Houston, Texas.