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
Current SymbolNYSE:PAGP
Previous Symbol
CUSIPN/A
Phone713-646-4100
Debt
Debt-to-Equity Ratio0.72
Current Ratio0.89
Quick Ratio0.71
Price-To-Earnings
Trailing P/E Ratio32.88
Forward P/E Ratio14.34
P/E GrowthN/A
Sales & Book Value
Annual Sales$26.22 billion
Price / Sales0.13
Cash Flow$4.6255 per share
Price / Cash Flow4.62
Book Value$79.81 per share
Price / Book0.27
Profitability
EPS (Most Recent Fiscal Year)$0.65
Net Income$-731,000,000.00
Net Margins-1.96%
Return on Equity1.43%
Return on Assets0.66%
Miscellaneous
Employees4,850
Outstanding Shares159,160,000
Market Cap$3.42 billion
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 announced a quarterly dividend on Monday, October 8th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.30 per share on Wednesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Tuesday, October 30th. View Plains GP's Dividend History.
How were Plains GP's earnings last quarter?
Plains GP Holdings LP (NYSE:PAGP) announced its quarterly earnings results on Tuesday, November, 6th. The pipeline company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.34. The pipeline company had revenue of $8.79 billion for the quarter, compared to analyst estimates of $7.37 billion. Plains GP had a positive return on equity of 1.43% and a negative net margin of 1.96%. Plains GP's quarterly revenue was up 49.7% compared to the same quarter last year. During the same period last year, the company posted $0.03 EPS. View Plains GP's Earnings History.
When is Plains GP's next earnings date?
How can I listen to Plains GP's earnings call?
Plains GP will be holding an earnings conference call on Tuesday, February 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
What price target have analysts set for PAGP?
17 equities research analysts have issued 1 year price objectives 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 $28.40 in the next twelve months. This suggests a possible upside of 32.4% from the stock's current price. View Analyst Price Targets for Plains GP.
What is the consensus analysts' recommendation for Plains GP?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last year. There are currently 5 hold ratings and 12 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 somewhat positive this week, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Plains GP earned a daily sentiment score of 1.5 on InfoTrie's scale. They also gave news articles about the pipeline company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term.
Are investors shorting Plains GP?
Plains GP saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,226,974 shares, an increase of 67.6% from the October 15th total of 1,925,377 shares. Based on an average daily trading volume, of 1,728,924 shares, the short-interest ratio is currently 1.9 days. Currently, 2.1% of the company's 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), Shell Midstream Partners (SHLX), Buckeye Partners (BPL), Enbridge Energy Partners (EEP), Holly Energy Partners (HEP), Valero Energy Partners (VLP), NuStar Energy (NS), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), PBF Logistics (PBFX), Delek Logistics Partners (DKL), TransMontaigne Partners (TLP) and Blueknight Energy Partners (BKEP).
Who are Plains GP's key executives?
Plains GP's management team includes the folowing people:
- 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)
- Mr. Chris Herbold, VP of Accounting & Chief Accounting Officer of PAA GP Holdings LLC (Age 46)
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. (5.93%), Kayne Anderson Capital Advisors LP (4.94%), Chickasaw Capital Management LLC (4.76%), Capital International Investors (4.06%), Massachusetts Financial Services Co. MA (3.04%) and PointState Capital LP (2.24%). 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 institutional investors are selling Plains GP stock?
PAGP stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Scopia Capital Management LP, BlueMountain Capital Management LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Epoch Investment Partners Inc., Mitsubishi UFJ Trust & Banking Corp and TIAA CREF Investment Management LLC. View Insider Buying and Selling for Plains GP.
Which institutional investors are buying Plains GP stock?
PAGP stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, PointState Capital LP, Clearbridge Investments LLC, Kayne Anderson Capital Advisors LP, Mirae Asset Global Investments Co. Ltd., Cohen & Steers Inc., Luminus Management LLC and Robeco Institutional Asset Management B.V.. 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 $21.45.
How big of a company is Plains GP?
Plains GP has a market capitalization of $3.42 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.
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.
