Plains GP Holdings, L.P. (PAGP)

NASDAQ: PAGP · Real-Time Price · USD
18.20
+0.12 (0.66%)
Dec 20, 2024, 4:00 PM EST - Market closed
0.66%
Market Cap 4.24B
Revenue (ttm) 50.37B
Net Income (ttm) 166.00M
Shares Out 232.86M
EPS (ttm) 0.84
PE Ratio 21.54
Forward PE 14.09
Dividend $1.27 (6.98%)
Ex-Dividend Date Oct 31, 2024
Volume 2,381,001
Open 18.06
Previous Close 18.08
Day's Range 17.95 - 18.46
52-Week Range 15.79 - 20.10
Beta 1.55
Analysts Hold
Price Target 19.88 (+9.23%)
Earnings Date Feb 7, 2025

About PAGP

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. It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks. It engages in the loading and unloading services at terminals; NGL fractionation and isomerization services; and natural gas and condensate processing services. The company offers logistic... [Read more]

Sector Energy
IPO Date Oct 16, 2013
Employees 5,000
Stock Exchange NASDAQ
Ticker Symbol PAGP
Full Company Profile

Financial Performance

In 2023, Plains GP Holdings's revenue was $48.71 billion, a decrease of -15.05% compared to the previous year's $57.34 billion. Earnings were $198.00 million, an increase of 17.86%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for PAGP stock is "Hold." The 12-month stock price forecast is $19.88, which is an increase of 9.23% from the latest price.

Price Target
$19.88
(9.23% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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4 weeks ago - Seeking Alpha

Plains GP Holdings, L.P. Class A Shares (PAGP) Q3 2024 Earnings Call Transcript

Plains GP Holdings, L.P. Class A Shares (NASDAQ:PAGP) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Blake Fernandez - Vice President, Investor Relations Willie Ch...

6 weeks ago - Seeking Alpha

Midstream Energy - Relative Quality

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The More It Underperforms, The More I Buy

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3 months ago - Seeking Alpha

Plains GP Holdings, L.P (PAGP) Q1 2024 Earnings Call Transcript

Plains GP Holdings, L.P. (NASDAQ:PAGP) Q1 2024 Results Conference Call May 3, 2024 10:00 AM ET Company Participants Blake Fernandez - Vice President of Investor Relations Willie Chiang - Chief Execut...

8 months ago - Seeking Alpha

Plains GP Holdings' Reinvigorated 1099 Distribution Is Backed By Ample Cash Flow

Returning capital to unitholders is Plains GP Holdings' priority. Recent distribution increases and buybacks validate this prerogative. Hovering around 6%, PAGP's distribution is backed by ample cash ...

8 months ago - Seeking Alpha

Very Good News For Energy Stocks

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9 months ago - Seeking Alpha

Plains GP Holdings, L.P. (PAGP) Q4 2023 Earnings Call Transcript

Plains GP Holdings, L.P. (PAGP) Q4 2023 Earnings Call Transcript

11 months ago - Seeking Alpha

Plains GP Holdings: Solid Financials Supports 8% Dividend Yield

The management believes that the tariff volumes and tariffs might increase in the coming period. The dividend payment of $1.27 makes a yield of 8.10% compared to current share price. The company's div...

1 year ago - Seeking Alpha

Plains GP Holdings: Steady As She Goes

Plains GP Holdings is rated as a hold at current levels after a strong performance in 2023. Plains American's strategy of maintaining steady long-term growth in capital expenditure sets it apart from ...

1 year ago - Seeking Alpha

Plains GP Holdings, L.P. (PAGP) Q3 2023 Earnings Call Transcript

Plains GP Holdings, L.P. (NASDAQ:PAGP) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants Blake Fernandez - Vice President of Investor Relations Willie Chiang - Chairm...

1 year ago - Seeking Alpha

Energy Income Weekly: The Energy Sector Starts To Outperform

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1 year ago - Seeking Alpha

Plains GP Holdings: Healthy Financials Coupled With Upside Growth Potentials

Plains GP Holdings is a prominent midstream service provider in North America, with a focus on crude oil and NGL in growing producing basins. The company has a solid balance sheet and capital structur...

1 year ago - Seeking Alpha

Passive Income: Defensive 8-10% Yields With Strong Growth Potential

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1 year ago - Seeking Alpha

Warren Buffett 'Likes Pipelines' - Our Top Picks

Pipelines fit Warren Buffett's investing philosophy quite well. As a result, it should not be surprising that he is pouring billions of dollars into the sector. We share our top pipeline picks.

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Accelerate Your Passive Income Snowball: 2 Rapid Growth High Yield Stocks

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1 year ago - Seeking Alpha

Plains GP Holdings: Strong Industry Positioning Isn't Enough Reason To Buy

Plains GP Holdings and Plains All American have a strong position in the midstream market, particularly in the Permian Basin, but have a history of cutting dividends. The companies have made a key ass...

1 year ago - Seeking Alpha

Midstream Energy Stocks Ranked By Quality

Given the current uncertainty, I believe high-quality, favorably valued, and low-risk investments warrant increased attention. Some midstream energy companies boast durable revenue, profitability, and...

1 year ago - Seeking Alpha

Better Buy After Q4 Results: Kinder Morgan Or Plains?

Plains and Kinder Morgan are two high yield midstream businesses that recently reported Q4 results. Both boast investment grade balance sheets and have been growing their dividends of late.

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1 year ago - Seeking Alpha

Better Buy After Q4 Earnings: Enterprise Products Or Plains?

Plains All American Pipeline and Enterprise Products Partners are two high-yield investment-grade midstream businesses. PAA/PAGP is far cheaper, but EPD has a vastly superior track record.

Other symbols: EPDPAA
2 years ago - Seeking Alpha

Plains All American's Outperformance Is Not Reflected In Its Share Price

Plains All American Pipeline, L.P.'s results have exceeded our expectations. We now see greater capital appreciation upside and distribution hikes for Plains All American Pipeline over the next few ye...

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2 years ago - Seeking Alpha

Better Buy After Q3 Results: Enterprise Products Partners Or Plains?

Plains All American Pipeline and Enterprise Products Partners are two investment grade midstream MLPs that recently reported Q3 results. Which one is a better buy after Q3 results?

Other symbols: EPDPAA
2 years ago - Seeking Alpha

Better Buy: Plains GP's 7.3% Yield Or Enbridge's 6.6%

Plains GP Holdings and Enbridge are two investment-grade midstream businesses that offer high yields. PAGP offers a higher dividend yield, but ENB has a higher credit rating.

Other symbols: ENB
2 years ago - Seeking Alpha