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 Ratio0.63
Price-To-Earnings
Trailing P/E Ratio32.08
Forward P/E Ratio12.71
P/E GrowthN/A
Sales & Book Value
Annual Sales$26.22 billion
Price / Sales0.13
Cash Flow$4.5524 per share
Price / Cash4.58
Book Value$79.86 per share
Price / Book0.26
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$3.39 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. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.30 per share on Wednesday, November 14th. This represents a $1.20 annualized dividend and a yield of 5.76%. The ex-dividend date is Tuesday, October 30th. View Plains GP's Dividend History.
How were Plains GP's earnings last quarter?
Plains GP Holdings LP (NYSE:PAGP) posted its quarterly earnings results on Tuesday, November, 6th. The pipeline company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.34. The pipeline company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $7.37 billion. Plains GP had a negative net margin of 1.96% and a positive return on equity of 1.43%. The firm's quarterly revenue was up 49.7% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. View Plains GP's Earnings History.
When is Plains GP's next earnings date?
What price target have analysts set for PAGP?
16 Wall Street analysts have issued 12-month price targets for Plains GP's shares. Their forecasts range from $22.00 to $32.00. On average, they expect Plains GP's stock price to reach $28.7692 in the next year. This suggests a possible upside of 38.0% from the stock's current price. View Analyst Price Targets for Plains GP.
What is the consensus analysts' recommendation for Plains GP?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last year. There are currently 1 sell rating, 5 hold ratings and 10 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?
News headlines about PAGP stock have been trending negative recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Plains GP earned a media sentiment score of -2.7 on InfoTrie's scale. They also assigned media headlines about the pipeline company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future.
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 trading volume of 1,728,924 shares, the short-interest ratio is currently 1.9 days. Approximately 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 Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Shell Midstream Partners (SHLX), 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), Blueknight Energy Partners (BKEP) and NuStar GP (NSH).
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 many different 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 major 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 major 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, Kayne Anderson Capital Advisors LP, Mirae Asset Global Investments Co. Ltd., Cohen & Steers Inc., Luminus Management LLC, Robeco Institutional Asset Management B.V. and Point72 Asset Management L.P.. 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 $20.85.
How big of a company is Plains GP?
Plains GP has a market capitalization of $3.39 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.
