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, 2018, this segment owned and leased assets comprising 17,965 miles of crude oil and NGL pipelines and gathering systems; 31 million barrels of above-ground tank capacity; 830 trailers; 50 transport and storage barges; and 20 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; 32 million barrels of NGL storage capacity; 63 billion cubic feet of natural gas storage capacity; 25 billion cubic feet of base gas; 7 natural gas processing plants; a condensate processing facility; 8 fractionation plants; 33 crude oil and NGL rail terminals; 5 marine facilities; and 425 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 15 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; 750 trucks and 900 trailers; and 9,100 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
Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
Phone713-646-4100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$34.06 billion
Profitability
Miscellaneous
Employees4,900
Next Earnings Date8/6/2019 (Estimated)
OptionableOptionable
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 Friday, April 5th. Investors of record on Wednesday, May 1st will be given a dividend of $0.36 per share on Wednesday, May 15th. This represents a $1.44 annualized dividend and a dividend yield of 6.04%. The ex-dividend date is Tuesday, April 30th. This is an increase from Plains GP's previous quarterly dividend of $0.30. 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, May, 7th. The pipeline company reported $0.92 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.43 by $0.49. The pipeline company earned $8.38 billion during the quarter, compared to the consensus estimate of $10.54 billion. Plains GP had a net margin of 1.31% and a return on equity of 3.41%. The business's revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. View Plains GP's Earnings History.
When is Plains GP's next earnings date?
What price target have analysts set for PAGP?
15 brokerages have issued 1-year price targets for Plains GP's shares. Their predictions range from $24.00 to $32.00. On average, they anticipate Plains GP's share price to reach $28.6923 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price. View Analyst Price Targets for Plains GP.
What is the consensus analysts' recommendation for Plains GP?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last year. There are currently 2 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Plains GP.
Has Plains GP been receiving favorable news coverage?
Press coverage about PAGP stock has trended positive this week, according to InfoTrie. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Plains GP earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned news stories about the pipeline company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.
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), Buckeye Partners (BPL), Phillips 66 Partners (PSXP), Shell Midstream Partners (SHLX), Enbridge Energy Partners (EEP), Valero Energy Partners (VLP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), PBF Logistics (PBFX), Delek Logistics Partners (DKL), TransMontaigne Partners (TLP) and Blueknight Energy Partners (BKEP).
What other stocks do shareholders of Plains GP own?
Who are Plains GP's key executives?
Plains GP's management team includes the folowing people:
- Mr. Wilfred C.W. Chiang, CEO & Director of PAA GP Holdings LLC (Age 58)
- Mr. Harry N. Pefanis, Pres, Chief Commercial Officer & Director of PAA GP Holdings LLC (Age 62)
- Mr. Al P. Swanson, Exec. VP & CFO of PAA GP Holdings LLC (Age 55)
- Mr. Chris R. Chandler, Exec. VP & COO of PAA GP Holdings LLC (Age 47)
- Mr. Chris Herbold, Sr. VP & Chief Accounting Officer of PAA GP Holdings LLC (Age 47)
Who are Plains GP's major shareholders?
Plains GP's stock is owned by many different of institutional and retail investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (6.18%), Chickasaw Capital Management LLC (5.02%), Kayne Anderson Capital Advisors LP (4.44%), Canyon Capital Advisors LLC (2.04%), Eagle Global Advisors LLC (1.86%) and Clearbridge Investments LLC (1.82%). Company insiders that own Plains GP stock include Everardo Goyanes, Greg L Armstrong, John T Raymond, Oscar K Brown and Richard K Mcgee. View Institutional Ownership Trends for Plains GP.
Which major investors are selling Plains GP stock?
PAGP stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, CIBC Private Wealth Group LLC, Raymond James & Associates, Janus Henderson Group PLC, Schonfeld Strategic Advisors LLC, Wellington Management Group LLP, Evergreen Capital Management LLC and Natixis. View Insider Buying and Selling for Plains GP.
Which major investors are buying Plains GP stock?
PAGP stock was purchased by a variety of institutional investors in the last quarter, including Terril Brothers Inc., Chickasaw Capital Management LLC, Morgan Stanley, Acadian Asset Management LLC, Eagle Global Advisors LLC, California Public Employees Retirement System, Zurcher Kantonalbank Zurich Cantonalbank and SEI Investments Co. Company insiders that have bought Plains GP stock in the last two years include Everardo Goyanes, Greg L Armstrong, John T Raymond, 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 $23.85.
How big of a company is Plains GP?
Plains GP has a market capitalization of $3.80 billion and generates $34.06 billion in revenue each year. The pipeline company earns $334 million in net income (profit) each year or $2.11 on an earnings per share basis. Plains GP employs 4,900 workers across the globe.
What is Plains GP's official website?
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.
