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
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3291,181460429349641
Cash and cash equivalent3291,181460429349641
Receivables3,5983,6233,5623,8203,9013,952
Inventory, net of allowances, customer advances and progress billings211184151335439436
Inventory211184151335439436
Disposal group, including discontinued operation479434385   
Other current assets8715510014587131
Total current assets:4,7045,5774,6584,7294,7765,160
Noncurrent Assets
Inventory, Noncurrent214227234289280257
Finance lease, right-of-use asset, after accumulated amortization 63   101 
Operating lease, right-of-use asset198184182321332298
Long-term investments and receivables2,8462,8732,7092,7452,8112,846
Long-term investments2,8462,8732,7092,7452,8112,846
Intangible asset, including goodwill, after accumulated amortization1,7541,5701,6361,6751,6771,674
Intangible asset, excluding goodwill, after accumulated amortization1,7541,5701,6361,6751,6771,674
Disposal group, including discontinued operation, noncurrent assets2,5572,4792,482   
Deferred income tax assets1,1361,1571,1751,1991,2201,211
Other noncurrent assets107109107244268269
Other undisclosed noncurrent assets17,69715,07615,11717,05016,29116,642
Total noncurrent assets:26,57223,67523,64223,52322,98023,197
TOTAL ASSETS:31,27629,25228,30028,25227,75628,357
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4573,5843,3643,7253,8813,675
Accounts payable3,4573,5843,3643,7253,8813,675
Debt5631,010475478408765
Disposal group, including discontinued operation382283313   
Other liabilities500482496481635686
Total current liabilities:4,9025,3594,6484,6844,9245,126
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,6968,4398,2048,2047,2137,212
Long-term debt, excluding current maturities10,6968,4398,2048,2047,2137,212
Finance lease, liability     72 
Other undisclosed long-term debt and lease obligation     (72) 
Liabilities, other than long-term debt1,4621,3081,3231,3041,3031,275
Disposal group, including discontinued operation, liabilities606597598   
Other liabilities6545235351,0039901,006
Operating lease, liability202188190301313269
Total noncurrent liabilities:12,1589,7479,5279,5088,5168,487
Total liabilities:17,06015,10614,17514,19213,44013,613
Equity
Other undisclosed liabilities and equity14,21614,14614,12514,06014,31614,744
TOTAL LIABILITIES AND EQUITY:31,27629,25228,30028,25227,75628,357

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

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Revenues10,56411,57810,64212,01112,40212,743
Cost of revenue(9,838)(10,723)(10,035)(11,010)(11,643)(11,815)
Cost of product and service sold(9,571)(10,585)(9,758)(10,761)(11,227)(11,557)
Gross profit:7268556071,001759928
Operating expenses(374)(372)(370)(469)(672)(582)
Operating income:35248323753287346
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		16(9)86310
Interest and debt expense(137)(112)(110)(107)(95)(97)
Income (loss) from continuing operations before equity method investments, income taxes:231362135431(5)259
Income from equity method investments90969410315497
Other undisclosed income from continuing operations before income taxes    3115 
Income from continuing operations before income taxes:321458229565164356
Income tax expense(16)(30)(16)(73)(47)(55)
Income from continuing operations:305428213492117301
Income (loss) from discontinued operations1027670   
Net income:407504283492117301
Net loss attributable to noncontrolling interest(345)(421)(253)(408)(128)(268)
Net income (loss) available to common stockholders, basic:62833084(11)33
Dilutive securities, effect on basic earnings per share 43    
Other undisclosed net loss available to common stockholders, diluted (152)     
Net income (loss) available to common stockholders, diluted:(86)863084(11)33

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Net income:407504283492117301
Other comprehensive income (loss)45(51)1875(179)36
Comprehensive income (loss):452453470497(62)337
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(378)(384)(387)(412)1(294)
Comprehensive income (loss), net of tax, attributable to parent:74698385(61)43

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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