Plains GP Holdings, L.P. owns and operates midstream energy infrastructure in the United States and Canada. It operates through three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment engages in the transportation of crude oil and natural gas liquids (NGLs) on pipelines, gathering systems, trucks, and barges. As of December 31, 2017, this segment owned and leased assets comprising 18,700 miles of crude oil and NGL pipelines and gathering systems; 32 million barrels of above-ground tank capacity; 810 trailers; 60 transport and storage barges; and 30 transport tugs. The Facilities segment is involved 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. This segment owned and operated approximately 77 million barrels of crude oil storage capacity; 34 million barrels of NGL storage capacity; 67 billion cubic feet of natural gas storage capacity; 25 billion cubic feet of base gas; 9 natural gas processing plants; a condensate processing facility; 8 fractionation plants; 34 crude oil and NGL rail terminals; 5 marine facilities; and 1,000 miles of pipelines. The Supply and Logistics segment engages in merchant-related activities, including purchase of crude oil, as well as NGL from producers, refiners, processors, and other marketers; storage of NGL and natural gas; and resale and transport of crude oil and NGL. It owned 14 million barrels of crude oil and NGL linefill; 4 million barrels of crude oil and NGL linefill in pipelines owned by third parties and other inventory; 730 trucks and 900 trailers; and 10,100 crude oil and NGL railcars. The company offers logistics services, principally for crude oil, NGLs, and natural gas. PAA GP Holdings LLC operates as a general partner of the company. Plains GP Holdings, L.P. was founded in 2013 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:PAGP
CUSIPN/A
Phone713-646-4100
Debt
Debt-to-Equity Ratio0.73
Current Ratio0.86
Quick Ratio0.73
Price-To-Earnings
Trailing P/E Ratio40.65
Forward P/E Ratio25.16
P/E GrowthN/A
Sales & Book Value
Annual Sales$26.22 billion
Price / Sales0.16
Cash Flow$4.6108 per share
Price / Cash5.73
Book Value$79.81 per share
Price / Book0.33
Profitability
EPS (Most Recent Fiscal Year)$0.65
Net Income$-731,000,000.00
Net Margins-2.51%
Return on Equity0.57%
Return on Assets0.26%
Miscellaneous
Employees4,850
Outstanding Shares157,950,000
Market Cap$4.21 billion
Plains GP (NYSE:PAGP) Frequently Asked Questions
What is Plains GP's stock symbol?
Plains GP trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAGP."
How often does Plains GP pay dividends? What is the dividend yield for Plains GP?
Plains GP declared a quarterly dividend on Tuesday, July 10th. Investors of record on Tuesday, July 31st will be given a dividend of $0.30 per share on Tuesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Monday, July 30th. View Plains GP's Dividend History.
How were Plains GP's earnings last quarter?
Plains GP Holdings LP (NYSE:PAGP) posted its earnings results on Tuesday, August, 7th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.17. The pipeline company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.71 billion. Plains GP had a negative net margin of 2.51% and a positive return on equity of 0.57%. View Plains GP's Earnings History.
When is Plains GP's next earnings date?
What price target have analysts set for PAGP?
18 brokers have issued 12 month target prices for Plains GP's shares. Their forecasts range from $22.00 to $32.00. On average, they expect Plains GP's share price to reach $26.4286 in the next twelve months. This suggests a possible upside of 0.0% from the stock's current price. View Analyst Price Targets for Plains GP.
What is the consensus analysts' recommendation for Plains GP?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last year. There are currently 1 sell rating, 7 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Plains GP.
Are investors shorting Plains GP?
Plains GP saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 4,293,318 shares, an increase of 88.1% from the July 13th total of 2,282,854 shares. Based on an average daily volume of 1,373,655 shares, the days-to-cover ratio is currently 3.1 days. Approximately 2.8% of the shares of the stock are sold short. View Plains GP's Current Options Chain.
Who are some of Plains GP's key competitors?
Some companies that are related to Plains GP include Magellan Midstream Partners (MMP), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Shell Midstream Partners (SHLX), Enbridge Energy Partners (EEP), Holly Energy Partners (HEP), NuStar Energy (NS), Valero Energy Partners (VLP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), PBF Logistics (PBFX), Delek Logistics Partners (DKL), TransMontaigne Partners (TLP) and NuStar GP (NSH).
Who are Plains GP's key executives?
Plains GP's management team includes the folowing people:
- Mr. Gregory L. Armstrong, Chairman & CEO (Age 60)
- Mr. Harry N. Pefanis, Pres, Chief Commercial Officer & Director of PAA GP Holdings LLC (Age 61)
- Mr. Al P. Swanson, Exec. VP & CFO of PAA GP Holdings LLC (Age 54)
- Mr. Wilfred C.W. Chiang, Exec. VP, COO & Director of PAA GP Holdings LLC (Age 57)
- Mr. Daniel J. Nerbonne, Exec. VP of Operations & Engineering - PAA GP Holdings LLC (Age 60)
Has Plains GP been receiving favorable news coverage?
Media coverage about PAGP stock has trended somewhat positive this week, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Plains GP earned a news impact score of 0.02 on Accern's scale. They also assigned news articles about the pipeline company an impact score of 47.88 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for Plains GP.
Who are Plains GP's major shareholders?
Plains GP's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (5.91%), Chickasaw Capital Management LLC (4.58%), Kayne Anderson Capital Advisors LP (4.39%), Massachusetts Financial Services Co. MA (3.10%), Scopia Capital Management LP (2.42%) and OppenheimerFunds Inc. (2.08%). Company insiders that own Plains GP stock include Everardo Goyanes, Greg L Armstrong, Oscar K Brown and Richard K Mcgee. View Institutional Ownership Trends for Plains GP.
Which institutional investors are selling Plains GP stock?
PAGP stock was sold by a variety of institutional investors in the last quarter, including Scopia Capital Management LP, Millennium Management LLC, PointState Capital LP, Chickasaw Capital Management LLC, CIBC Private Wealth Group LLC, OppenheimerFunds Inc., Massachusetts Financial Services Co. MA and Highland Capital Management LP. View Insider Buying and Selling for Plains GP.
Which institutional investors are buying Plains GP stock?
PAGP stock was purchased by a variety of institutional investors in the last quarter, including Raymond James & Associates, Epoch Investment Partners Inc., Miller Howard Investments Inc. NY, Kayne Anderson Capital Advisors LP, BlueMountain Capital Management LLC, American International Group Inc., Renaissance Technologies LLC and Perella Weinberg Partners Capital Management LP. Company insiders that have bought Plains GP stock in the last two years include Everardo Goyanes, Greg L Armstrong, Oscar K Brown and Richard K Mcgee. View Insider Buying and Selling for Plains GP.
How do I buy shares of Plains GP?
Shares of PAGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Plains GP's stock price today?
One share of PAGP stock can currently be purchased for approximately $26.42.
How big of a company is Plains GP?
Plains GP has a market capitalization of $4.21 billion and generates $26.22 billion in revenue each year. The pipeline company earns $-731,000,000.00 in net income (profit) each year or $0.65 on an earnings per share basis. Plains GP employs 4,850 workers across the globe.
How can I contact Plains GP?
Plains GP's mailing address is 333 CLAY STREET SUITE 1600, HOUSTON TX, 77002. The pipeline company can be reached via phone at 713-646-4100 or via email at [email protected]
MarketBeat Community Rating for Plains GP (NYSE PAGP)
MarketBeat's community ratings are surveys of what our community members think about Plains GP and other stocks. Vote "Outperform" if you believe PAGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PAGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
