Plains GP Holdings, L.P. (PAGP) Income Statement Analysis

See more : Xingye Alloy Materials Group Limited (0505.HK) Income Statement Analysis – Financial Results

Complete financial analysis of Plains GP Holdings, L.P. (PAGP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Plains GP Holdings, L.P., a leading company in the Oil & Gas Midstream industry within the Energy sector.

You may be interested

Korea Cast Iron Pipe Ind. Co., Ltd. (000970.KS) Income Statement Analysis – Financial Results
Asaka Riken Co.,Ltd. (5724.T) Income Statement Analysis – Financial Results
Ping An Securities Group (Holdings) Limited (0231.HK) Income Statement Analysis – Financial Results
BetterLife Pharma Inc. (BETR.CN) Income Statement Analysis – Financial Results
SK Securities Co., Ltd. (001510.KS) Income Statement Analysis – Financial Results

Plains GP Holdings, L.P. (PAGP)

Industry: Oil & Gas Midstream

Sector: Energy

Website: https://www.plainsallamerican.com

About Plains GP Holdings, L.P.

Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream energy infrastructure in the United States and Canada. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the transportation of crude oil and NGLs on pipelines, gathering systems, and trucks. As of December 31, 2021, this segment owned and leased assets comprising 18,300 miles of crude oil and NGL pipelines and gathering systems; 38 million barrels of above-ground tank capacity; and 1,275 trailers. It engages in the provision of storage, terminalling, and throughput services primarily for crude oil, NGLs, and natural gas; NGL fractionation and isomerization services; and natural gas and condensate processing services. As of December 31, 2021, this segment owned and operated approximately 74 million barrels of crude oil storage capacity; 28 million barrels of NGL storage capacity; four natural gas processing plants; a condensate processing facility; nine fractionation plants; 16 NGL rail terminals; four marine facilities; and 110 miles of pipelines. As of December 31, 2021, this segment owned 15 million barrels of crude oil and 2 NGL linefill; 3 million barrels of crude oil and 1 NGL linefill in pipelines owned by third parties and other inventory; 640 trucks and 1,275 trailers; and 3,900 NGL railcars. The company offers logistics services to producers, refiners, and other customers. 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	48.71B	57.34B	42.04B	23.29B	33.67B	34.06B	26.22B	20.18B	23.15B	43.46B	42.25B	37.80B	34.28B	25.89B
Cost of Revenue	45.58B	54.14B	39.25B	21.09B	30.06B	30.31B	23.61B	17.73B	20.16B	39.89B	38.84B	34.85B	31.81B	24.18B
Gross Profit	3.13B	3.20B	2.80B	2.20B	3.61B	3.74B	2.61B	2.45B	2.99B	3.57B	3.41B	2.95B	2.46B	1.72B
Gross Profit Ratio	6.43%	5.58%	6.65%	9.46%	10.73%	10.99%	9.95%	12.16%	12.93%	8.21%	8.06%	7.79%	7.18%	6.62%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	356.00M	330.00M	298.00M	276.00M	302.00M	320.00M	280.00M	282.00M	281.00M	331.00M	360.00M	342.00M	294.00M	260.00M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	356.00M	330.00M	298.00M	276.00M	302.00M	320.00M	280.00M	282.00M	281.00M	331.00M	360.00M	342.00M	294.00M	260.00M
Other Expenses	1.27B	1.32B	1.07B	1.08B	1.30B	-7.00M	-31.00M	33.00M	-7.00M	-2.00M	1.00M	6.00M	-19.00M	-9.00M
Operating Expenses	1.63B	1.65B	1.36B	1.35B	1.61B	1.58B	1.46B	1.46B	1.74B	1.79B	1.68B	1.52B	1.16B	949.00M
Cost & Expenses	47.21B	55.79B	40.61B	22.44B	31.66B	31.90B	25.08B	19.19B	21.89B	41.68B	40.53B	36.37B	32.98B	25.13B
Interest Income	0.00	405.00M	425.00M	436.00M	425.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	386.00M	405.00M	425.00M	436.00M	425.00M	431.00M	510.00M	480.00M	443.00M	349.00M	309.00M	295.00M	259.00M	258.00M
Depreciation & Amortization	1.05B	968.00M	777.00M	656.00M	604.00M	521.00M	516.00M	464.00M	433.00M	394.00M	378.00M	483.00M	250.00M	257.00M
EBITDA	3.05B	2.78B	1.91B	-1.52B	3.26B	3.36B	1.90B	1.67B	1.86B	2.28B	2.17B	1.90B	1.54B	1.01B
EBITDA Ratio	6.26%	3.03%	4.11%	5.35%	7.19%	7.42%	5.36%	6.04%	8.06%	5.25%	5.13%	5.16%	4.50%	3.93%
Operating Income	1.50B	769.00M	842.00M	589.00M	1.98B	2.27B	1.15B	990.00M	1.26B	1.78B	1.72B	1.42B	1.30B	766.00M
Operating Income Ratio	3.08%	1.34%	2.00%	2.53%	5.88%	6.67%	4.37%	4.91%	5.43%	4.10%	4.08%	3.77%	3.78%	2.96%
Total Other Income/Expenses	113.00M	125.00M	-130.00M	-224.00M	258.00M	137.00M	-251.00M	-252.00M	-267.00M	-251.00M	-274.00M	-251.00M	-265.00M	-264.00M
Income Before Tax	1.61B	1.41B	712.00M	-2.61B	2.24B	2.41B	896.00M	738.00M	991.00M	1.54B	1.48B	1.17B	1.03B	502.00M
Income Before Tax Ratio	3.31%	2.46%	1.69%	-11.19%	6.65%	7.07%	3.42%	3.66%	4.28%	3.54%	3.50%	3.10%	3.01%	1.94%
Income Tax Expense	189.00M	246.00M	112.00M	-167.00M	176.00M	302.00M	937.00M	78.00M	182.00M	212.00M	106.00M	55.00M	45.00M	1.00M
Net Income	198.00M	1.16B	600.00M	-2.44B	2.06B	334.00M	-731.00M	94.00M	118.00M	70.00M	15.00M	40.00M	2.00M	2.00M
Net Income Ratio	0.41%	2.03%	1.43%	-10.48%	6.12%	0.98%	-2.79%	0.47%	0.51%	0.16%	0.04%	0.11%	0.01%	0.01%
EPS	1.02	5.99	3.09	-13.12	12.27	1.18	-5.04	0.94	1.41	1.28	0.27	0.83	0.04	0.04
EPS Diluted	1.02	5.99	3.09	-9.92	12.13	1.18	-5.04	0.94	1.41	1.25	0.27	0.16	0.01	0.01
Weighted Avg Shares Out	195.00M	194.00M	194.00M	186.00M	168.00M	282.00M	145.00M	99.00M	83.00M	54.00M	49.57M	48.07M	48.07M	48.07M
Weighted Avg Shares Out (Dil)	195.00M	194.00M	194.00M	246.00M	170.00M	282.00M	145.00M	99.00M	83.00M	244.00M	49.57M	243.34M	243.34M	239.21M

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

December 22, 2022seekingalpha.com

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 years.

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

November 5, 2022seekingalpha.com

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?

Are Investors Undervaluing Plains Group (PAGP) Right Now?

October 25, 2022zacks.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...

3 Reasons Growth Investors Will Love Plains GP (PAGP)

July 20, 2022zacks.com

Plains GP (PAGP) could produce exceptional returns because of its solid growth attributes.

Does Plains GP (PAGP) Have the Potential to Rally 34% as Wall Street Analysts Expect?

July 20, 2022zacks.com

The consensus price target hints at a 34.2% upside potential for Plains GP (PAGP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an...

5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up

July 7, 2022zacks.com

We have screened value stocks UNFI, PBF, PAGP, ARCB and SM based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.

Forget Kinder Morgan, Buy Plains Instead

July 4, 2022seekingalpha.com

Plains All American Pipeline and Kinder Morgan are investment grade midstream businesses paying out safe, high, and growing dividends. Both have spotty track records, but have made a concerted effort to clean up their act and now have optimistic future...