PLAINS GP HOLDINGS LP(PAGP)Stock Analysis
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Rank #1,317 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
PAGP Stock Analysis & AI Quality Score
AI stock analysis and institutional research for PLAINS GP HOLDINGS LP (PAGP), a Energy sector company. 13F Pro's AI-powered ranking engine scores PAGP at 52.9/100 on a 32-signal composite quality model, placing it at rank #1,317 of 2,879 stocks — the top half of the AI-ranked universe. PAGP scores in the top quartile across revenue scale (97.0), institutional flow (95.9). Areas of concern include revenue growth (26.1) and profitability (39.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), PLAINS GP HOLDINGS LP reports quarterly revenue of $12.5B, net income of $20.0M, an operating margin of 3.2%. Top institutional holders of PAGP by reported 13-F value include TORTOISE CAPITAL ADVISORS, L.L.C., MASSACHUSETTS FINANCIAL SERVICES CO /MA/, Energy Income Partners,, based on the most recent SEC filings. PAGP trades on the Nasdaq exchange and files with the SEC under CIK 1581990. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PAGP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PLAINS GP HOLDINGS LP directly from SEC EDGAR. PLAINS GP HOLDINGS LP's 13F Pro composite quality score has ranged between 35 and 62 since 2021, currently 52.9 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
Revenue
Q1 2026
$12.5B
Net Income
Q1 2026
$20.0M
Free Cash Flow
Q1 2026
$288.0M
Operating Margin
Q1 2026
3.2%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-9.5% YoYNet Income
-76.6% YoYOperating Income
+65.7% YoYTotal Assets
+12.7% YoYTotal Debt
+47.8% YoYOp. Cash Flow
+18.0% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $44.26B -9.5% | $48.89B +3.3% | $47.34B -17.4% | $57.34B +146.2% | $23.29B -30.8% | $33.67B |
| Net Income | $260.0M -76.6% | $1.11B +460.6% | $198.0M +17.9% | $168.0M +129.6% | $-568.0M -271.6% | $331.0M |
| Operating Income | $1.43B +65.7% | $862.0M -31.0% | $1.25B -2.7% | $1.28B +153.9% | $-2.38B -220.4% | $1.98B |
| Total Assets | $31.28B +12.7% | $27.76B -2.9% | $28.60B -2.1% | $29.21B +12.5% | $25.95B -13.4% | $29.97B |
| Total Debt | $11.26B +47.8% | $7.62B -1.7% | $7.75B -8.2% | $8.45B -17.3% | $10.21B +5.4% | $9.69B |
| Operating Cash Flow | $2.93B +18.0% | $2.48B -8.7% | $2.72B +13.2% | $2.40B +59.2% | $1.51B -39.6% | $2.50B |
AI Insight: PAGP Financial Trends
Revenue volatility and sharply rising debt offset steady operating cash generation in Q1 2026.
• Operating cash flow averaged $691M across eight quarters, but Q1 2026 dropped to $418M—lowest in the period.
• Total debt surged 42% from $7,976M in Q2 2024 to $11,376M in Q1 2026, signaling increased financial leverage.
• Revenue swung from $12,933M (Q2 2024) to $10,108M (Q2 2025) to $12,470M (Q1 2026), reflecting volatile commodity/throughput exposure.
⚠ Operating income collapsed to $-223M in Q4 2024, recovered, but remains volatile; Q1 2026 at $403M shows fragility.
⚠ Debt-to-operating-cash ratio deteriorated; $11.4B debt against $418M Q1 2026 OCF signals elevated refinancing and coverage risk.
AI Insight: PAGP Ratio Trends
PAGP's profitability deteriorated in Q1 2026, with operating margin sliding to 3.2% and net profit margin collapsing to 0.2%, marking a sharp reversal from Q3 2025's strength.
• Operating margin averaged 2.6% across TTM, down from 4.2% in Q3 2025, signaling volatile and compressed earnings power.
• ROIC fell to 14.2% in Q1 2026 from 20.5% in Q3 2025, retreating below Q4 2024 levels and indicating deteriorating capital efficiency.
• Q4 2024 posted negative margins (OpMargin -2.0%, ROIC -11.7%), followed by volatile recovery in 2025; Q1 2026 shows renewed weakness.
⚠ Net profit margin collapsed to 0.2% in Q1 2026 from 0.7% in prior two quarters—watch for sustained margin recovery or further deterioration.
⚠ Seasonal or one-off drivers unclear; high volatility in ROIC (ranging 2.7% to 24.5%) suggests earnings unpredictability or operational disruptions.
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Available Research
13F Pro tracks comprehensive data for PLAINS GP HOLDINGS LP including:
Top Institutional Holders of PAGP
TORTOISE CAPITAL ADVISORS, L.L.C.
$286.5M11,799,098 shMASSACHUSETTS FINANCIAL SERVICES CO /MA/
$220.1M9,066,172 shEnergy Income Partners, LLC
$217.9M8,974,776 shTWO SIGMA INVESTMENTS, LP
$174.6M7,190,227 shGOLDMAN SACHS GROUP INC
$171.9M7,077,927 shClearbridge Investments, LLC
$168.7M6,946,082 shArtemis Investment Management LLP
$163.0M6,711,956 shBARROW HANLEY MEWHINNEY & STRAUSS LLC
$108.7M4,478,263 shInvesco Ltd.
$106.5M4,386,400 shMORGAN STANLEY
$98.7M4,065,841 sh
| Fund | Value | Shares |
|---|---|---|
| TORTOISE CAPITAL ADVISORS, L.L.C. | $286.5M | 11,799,098 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $220.1M | 9,066,172 |
| Energy Income Partners, LLC | $217.9M | 8,974,776 |
| TWO SIGMA INVESTMENTS, LP | $174.6M | 7,190,227 |
| GOLDMAN SACHS GROUP INC | $171.9M | 7,077,927 |
| Clearbridge Investments, LLC | $168.7M | 6,946,082 |
| Artemis Investment Management LLP | $163.0M | 6,711,956 |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $108.7M | 4,478,263 |
| Invesco Ltd. | $106.5M | 4,386,400 |
| MORGAN STANLEY | $98.7M | 4,065,841 |
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Popular Research
Is PAGP a good stock to buy?
13F Pro's AI-powered analysis of PLAINS GP HOLDINGS LP (PAGP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PAGP are available on the PAGP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own PAGP?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PAGP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PLAINS GP HOLDINGS LP's investment landscape.