OverviewSuggest Edit

Plains GP Holdings a is a holding company for Plains All American Pipeline (PAA). PAA is a company that owns and operates midstream energy infrastructure and provides logistics services primarily for crude oil, natural gas liquids (NGL) and natural gas. PAA owns a network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs.

TypePublic
Founded1998
HQHouston, TX, US
Websiteir.pagp.com

Latest Updates

Employees (est.) (Dec 2020)4,400(-12%)
Revenue (FY, 2020)$23.3 B(-30%)
Share Price (Nov 2021)$11.2(-1%)
Cybersecurity ratingBMore
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Key People/Management at Plains GP Holdings

Willie Chiang

Willie Chiang

Chairman of the Board and Chief Executive Officer
Harry Pefanis

Harry Pefanis

President & Chief Commercial Officer (CCO)
Al Swanson

Al Swanson

Executive Vice President & CFO
Richard McGee

Richard McGee

Executive Vice President, General Counsel & Secretary
Chris Herbold

Chris Herbold

Senior Vice President & Chief Accounting Officer
Chris R. Chandler

Chris R. Chandler

Executive Vice President and Chief Operating Officer
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Plains GP Holdings Office Locations

Plains GP Holdings has an office in Houston
Houston, TX, US (HQ)
333 Clay St #1600
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Plains GP Holdings Financials and Metrics

Plains GP Holdings Revenue

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Plains GP Holdings's revenue was reported to be $23.29 b in FY, 2020 which is a 30.8% decrease from the previous period.
USD

Revenue (Q1, 2021)

8.4b

Gross profit (Q1, 2021)

772.0m

Gross profit margin (Q1, 2021), %

9.2%

Net income (Q1, 2021)

392.0m

EBIT (Q1, 2021)

524.0m

Market capitalization (12-Nov-2021)

2.2b

Closing stock price (12-Nov-2021)

11.2

Cash (31-Mar-2021)

32.0m

EV

12.1b
Plains GP Holdings's current market capitalization is $2.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

34.1b33.7b23.3b

Revenue growth, %

(1%)(31%)

Cost of goods sold

31.1b30.8b21.5b

Gross profit

3.0b2.9b1.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

8.4b8.3b7.9b8.3b2.9b5.8b8.4b

Cost of goods sold

7.4b7.6b7.2b7.7b2.8b5.4b7.6b

Gross profit

930.0m669.0m715.0m598.0m147.0m472.0m772.0m

Gross profit Margin, %

11%8%9%7%5%8%9%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

69.0m47.0m25.0m

Accounts Receivable

5.0b7.0b5.1b

Inventories

640.0m604.0m647.0m

Current Assets

3.5b4.6b3.7b
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.1b2.1b(2.4b)

Depreciation and Amortization

521.0m604.0m656.0m

Inventories

(75.0m)(5.0m)(304.0m)

Accounts Payable

(367.0m)1.2b(1.3b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

914.0m1.3b1.8b(2.7b)(2.6b)(2.4b)392.0m

Depreciation and Amortization

136.0m284.0m441.0m169.0m335.0m495.0m178.0m

Cash From Operating Activities

1.0b1.5b1.8b889.0m972.0m1.3b789.0m

Purchases of PP&E

(280.0m)(642.0m)(919.0m)(245.0m)(472.0m)(606.0m)(97.0m)
USDFY, 2018

EV/EBIT

5.4 x

EV/CFO

4.7 x

Revenue/Employee

7.0m

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2 x

P/E Ratio

9.5
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Plains GP Holdings Operating Metrics

FY, 2018FY, 2019FY, 2020

Crude Oil and NGL Pipelines (Transportation), miles

17.97 k18.54 k18.37 k

Crude Oil Pipelines (Transportation), miles

16.3 k16.89 k16.74 k

Active Tank Capacity (Transportation), Mbbl

313535

Trailers (Transportation)

830825815
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Plains GP Holdings Acquisitions / Subsidiaries

Company NameDateDeal Size
Aurora Pipeline Company Ltd.
Bakersfield Crude Terminal LLC
Cactus II Pipeline LLC
Capline Pipeline Company LLC
Eagle Ford Crude Terminal LLC
FM Midstream Holdings LLC
Niobrara Crude Terminal LLC
PAA Finance Corp.
PAA GP LLC
PAA Luxembourg S.a.r.l.
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Plains GP Holdings Revenue Breakdown

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Plains GP Holdings revenue breakdown by business segment: 94.7% from Supply and Logistics and 5.3% from Other

Plains GP Holdings revenue breakdown by geographic segment: 23.0% from Canada and 77.0% from US

Plains GP Holdings Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Plains GP Holdings Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Plains GP Holdings Online and Social Media Presence

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Plains GP Holdings News and Updates

Plains All American Pipeline and Plains GP Holdings Announce Timing of Third-Quarter 2021 Earnings & Quarterly Earnings Timing for 2022

HOUSTON, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced they will release third-quarter 2021 earnings after market close on Tuesday, November 2, 2021 and will hold a joint webcast on the same day as follows:

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of Second-Quarter 2021 Earnings

HOUSTON, July 06, 2021 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced they will release second-quarter 2021 earnings after market close on Tuesday, August 3, 2021 and will hold a joint webcast on the same day as follows:

Plains GP Holdings, L.P. Investors: Company Investigated by the Portnoy Law Firm

Investors can contact the law firm at no cost to learn more about recovering their losses

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Plains GP Holdings, L.P. - PAGP

NEW YORK, Feb. 19, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Plains GP Holdings, L.P. ("Plains GP" or the "Company") (NASDAQ: PAGP). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980....

Plains All American Pipeline and Plains GP Holdings Report Fourth-Quarter and Full-Year 2020 Results

HOUSTON, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported fourth-quarter and full-year 2020 results and provided an update on other matters, as highlighted below.

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of First-Quarter 2020 Earnings

HOUSTON - Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) announced they will release first-quarter 2020 earnings after market close on Tuesday, May 5, 2020 and will hold a joint webcast on the same day as follows:read more
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Plains GP Holdings Frequently Asked Questions

  • When was Plains GP Holdings founded?

    Plains GP Holdings was founded in 1998.

  • Who are Plains GP Holdings key executives?

    Plains GP Holdings's key executives are Willie Chiang, Harry Pefanis and Al Swanson.

  • How many employees does Plains GP Holdings have?

    Plains GP Holdings has 4,400 employees.

  • What is Plains GP Holdings revenue?

    Latest Plains GP Holdings annual revenue is $23.3 b.

  • What is Plains GP Holdings revenue per employee?

    Latest Plains GP Holdings revenue per employee is $5.3 m.

  • Who are Plains GP Holdings competitors?

    Competitors of Plains GP Holdings include Enbridge, Kinder Morgan and Enterprise Products Partners.

  • Where is Plains GP Holdings headquarters?

    Plains GP Holdings headquarters is located at 333 Clay St #1600, Houston.

  • Where are Plains GP Holdings offices?

    Plains GP Holdings has an office in Houston.

  • How many offices does Plains GP Holdings have?

    Plains GP Holdings has 1 office.