Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
PAGP
BUYAPPROVEPlains GP Holdings, L.P. · Energy · United States · $5.4B · Avg Vol: $40M/d
Plains GP Holdings owns the general partner interest in Plains All American Pipeline, a premier Permian Basin midstream operator. As geopolitical tensions in the Middle East create a structural floor for energy prices, US onshore production remains the critical global swing producer. PAGP benefits from volume growth and high utilization of its pipeline and storage assets, generating robust, contractually backed free cash flow with minimal capital expenditure, aligning with the Buffett lens of a toll-road asset.
COMPANY DESCRIPTION
Plains GP Holdings, L.P. primarily holds the general partner interest and a significant limited partner equity stake in Plains All American Pipeline, L.P. (PAA). This structure provides investors with an indirect, simplified ownership in PAA's extensive crude oil and natural gas liquids midstream infrastructure assets. Its performance is directly tied to the operational and financial success of PAA, benefiting from the stable, fee-based cash flows of essential energy infrastructure.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 57.3B | 47.3B | 48.9B | 44.3B | -8.3% |
| EPS | 0.86 | 1.01 | 0.73 | 1.66 | 24.5% |
| Shares | 194.4M | 196.4M | 197.5M | 197.9M | +1.8% |
| Debt | 8.8B | 8.0B | 7.8B | 11.5B | 9.4% |
| Equity | 0 | 0 | 0 | 0 | — |
| Op CF | 2.4B | 2.7B | 2.5B | 2.9B | 6.8% |
| Inv CF | -526.0M | -702.0M | -875.0M | -3.4B | — |
| Fin CF | -1.9B | -2.0B | -1.7B | 474.0M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of PAGP are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| PAGP | Plains GP Holdings, L.P.(you) | $5.4B | 67 | BUY |
| AM | Antero Midstream Corporation | $10.3B | 66 | BUY |
| HESM | Hess Midstream LP | $7.7B | 81 | STRONG BUY |
| PAA | Plains All American Pipeline, L.P. | $15.0B | 61 | HOLD |
| EE | Excelerate Energy, Inc. | $4.0B | 46 | HOLD |
| GLP | Global Partners LP | $1.4B | 64 | HOLD |
| VNOM | Viper Energy, Inc. | $15.6B | 57 | HOLD |
| KNTK | Kinetik Holdings Inc. | $7.8B | 43 | HOLD |
| INSW | International Seaways, Inc. | $4.3B | 95 | STRONG BUY |
| DTM | DT Midstream, Inc. | $14.7B | 40 | HOLD |
Peer medians: ROE 9.9% · P/E 18.5x · Gross margin 40.7%