Plains GP Holdings L.P. (PAGP) Financial Statements (2026 and earlier)

Company Profile

Business Address 333 CLAY ST
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32934945340445225
Cash and cash equivalent32934945340445225
Restricted cash and investments     438
Receivables3,5983,9013,7603,9074,7052,553
Inventory, net of allowances, customer advances and progress billings211439548729783647
Inventory211439548729783647
Disposal group, including discontinued operation479     
Other current assets8787155318196405
Total current assets:4,7044,7764,9165,3586,1403,668
Noncurrent Assets
Inventory, Noncurrent214280265284253130
Finance lease, right-of-use asset, after accumulated amortization 63101988399114
Operating lease, right-of-use asset198332313349393378
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization      14,620
Long-term investments and receivables2,8462,8112,8203,0843,8053,764
Long-term investments2,8462,8112,8203,0843,8053,764
Intangible asset, including goodwill, after accumulated amortization1,7541,6771,8752,1451,960 
Intangible asset, excluding goodwill, after accumulated amortization1,7541,6771,8752,1451,960 
Disposal group, including discontinued operation, noncurrent assets2,557     
Deferred income tax assets1,1361,2201,2391,3091,3621,444
Other noncurrent assets107268411464249965
Other undisclosed noncurrent assets17,69716,29116,66016,13115,717868
Total noncurrent assets:26,57222,98023,68123,84923,83822,283
TOTAL ASSETS:31,27627,75628,59729,20729,97825,951
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4573,8813,8454,0454,8112,425
Accounts payable3,4573,8813,8454,0454,8112,425
Debt5634084461,159822831
Disposal group, including discontinued operation382     
Other liabilities500635714689601999
Total current liabilities:4,9024,9245,0055,8936,2344,255
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,6967,2137,3057,2878,3989,382
Long-term debt, excluding current maturities10,6967,2137,3057,2878,3989,382
Finance lease, liability  7263505970
Other undisclosed long-term debt and lease obligation  (72)(63)(50)(398)(387)
Liabilities, other than long-term debt1,4621,3031,3151,389830807
Disposal group, including discontinued operation, liabilities606     
Other liabilities6549901,0411,081830807
Operating lease, liability202313274308339317
Other undisclosed noncurrent liabilities     339317
Total noncurrent liabilities:12,1588,5168,6208,6769,56710,506
Total liabilities:17,06013,44013,62514,56915,80114,761
Equity
Other undisclosed liabilities and equity14,21614,31614,97214,63814,17711,190
TOTAL LIABILITIES AND EQUITY:31,27627,75628,59729,20729,97825,951

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues44,26250,07348,71257,34242,07823,290
Cost of revenue(41,332)(46,746)(45,430)(54,413)(39,873)(24,321)
Cost of product and service sold(40,433)(45,560)(44,531)(53,176)(38,504)(20,431)
Gross profit:2,9303,3273,2822,9292,205(1,031)
Operating expenses(1,502)(2,155)(1,781)(1,645)(1,363)(1,352)
Operating income (loss):1,4281,1721,5011,284842(2,383)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		 2117102(219)1939
Interest and debt expense(467)(382)(386)(405)(425)(436)
Income (loss) from continuing operations before equity method investments, income taxes:9828071,217660436(2,780)
Income from equity method investments382452369403274355
Other undisclosed income (loss) from continuing operations before income taxes 3115283462(182)
Income (loss) from continuing operations before income taxes:1,3951,2741,6141,409712(2,607)
Income tax expense (benefit)(92)(204)(189)(246)(112)167
Income (loss) from continuing operations:1,3031,0701,4251,163600(2,440)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕✕600(2,440)
Income from discontinued operations383     
Net income (loss):1,6861,0701,4251,163600(2,440)
Net income (loss) attributable to noncontrolling interest(1,426)(967)(1,227)(995)(540)1,872
Net income (loss) available to common stockholders, basic:26010319816860(568)
Dilutive securities, effect on basic earnings per share15    (189)
Other undisclosed net loss available to common stockholders, diluted(152)     
Net income (loss) available to common stockholders, diluted:12310319816860(757)

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):1,6861,0701,4251,163600(2,440)
Other comprehensive income (loss)187(247)118(101)6515
Comprehensive income (loss):1,8738231,5431,062665(2,425)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,561)(789)(1,312)(922)(588)1,863
Comprehensive income (loss), net of tax, attributable to parent:3123423114077(562)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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