PAGP
EnergyPlains GP Holdings, L.P. · Oil & Gas Midstream · $5B
What is Plains GP Holdings, L.P.?
Plains GP Holdings, L.P. is a Houston-based midstream energy company that controls Plains All American Pipeline, one of North America's largest crude oil and NGL pipeline networks.
PAGP generates revenue by transporting, storing, and processing crude oil and natural gas liquids across the United States and Canada. It serves producers, refiners, and other customers through an extensive network of pipelines, storage terminals, fractionation plants, and logistics assets — earning fee-based income tied to volumes moved through its infrastructure.
The holding company was established in 2013 and is headquartered in Houston, Texas.
- Crude oil and NGL pipeline transportation
- Crude oil and NGL storage and terminalling
- NGL fractionation and processing services
- Logistics and trucking services for energy producers
Is PAGP a Good Stock to Buy?
UQS Score rates PAGP as Below Average overall.
The Growth pillar stands out as the clearest positive, suggesting improving business momentum relative to its midstream peers. Valuation is rated Attractive, meaning the market may not be fully pricing in the company's asset base.
The Moat and Risk pillars are both rated Weak, reflecting limited competitive differentiation and meaningful exposure to commodity-driven volume risk.
See the full pillar breakdown and underlying financial metrics by signing up for a Pro account at UQS Score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does PAGP pay dividends?
Yes — Plains GP Holdings, L.P. pays a dividend.
PAGP pays a regular dividend, consistent with the income-oriented structure common among midstream energy partnerships. The dividend is supported by fee-based cash flows from pipeline and storage operations. Income-focused investors often look to midstream names like PAGP for yield, though distribution sustainability depends on volume throughput.
When does PAGP report earnings?
Plains GP Holdings reports earnings on a quarterly cadence, typical for US-listed equities.
Results are driven primarily by volumes transported and stored across its pipeline network, with fee-based revenues providing some insulation from commodity price swings. Growth in crude oil throughput and NGL activity are key factors to watch each quarter.
For the most recent quarter's results, visit Plains GP Holdings' investor relations page directly.
PAGP Price History
+196.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Plains GP Holdings, L.P.?
Based on Plains GP Holdings, L.P.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does Plains GP Holdings do?
Plains GP Holdings controls Plains All American Pipeline, which transports, stores, and processes crude oil and natural gas liquids across North America. It earns fee-based revenue from pipelines, storage terminals, fractionation plants, and logistics services connecting producers to refiners and end markets.
Does PAGP pay dividends?
Yes, PAGP pays a regular dividend. Its distributions are supported by fee-based midstream cash flows. Investors should review the company's investor relations page for the current distribution rate and payment schedule, as amounts can change.
When does PAGP report earnings?
PAGP reports on a quarterly basis. Our data source does not provide specific upcoming earnings dates. Check Plains GP Holdings' investor relations page or a financial calendar for the next scheduled report.
Is PAGP a good stock to buy?
UQS Score rates PAGP as Below Average overall. While the Growth and Valuation pillars show relative strength, the Weak Moat and Risk ratings indicate meaningful concerns. Investors should weigh the Attractive valuation against the structural risks before making a decision.
Is PAGP overvalued?
The UQS Valuation pillar rates PAGP as Attractive, suggesting the stock may be trading at a reasonable or discounted level relative to its fundamentals. However, valuation alone does not offset the Weak Risk and Moat ratings identified in the full UQS analysis.
How does PAGP compare to its competitors?
PAGP operates alongside Canadian midstream peers such as Topaz Energy Corp., Gibson Energy Inc., and Tidewater Midstream and Infrastructure Ltd. Each has a different asset mix and risk profile. UQS Score provides side-by-side pillar comparisons for Pro members.
What is PAGP's market cap bracket?
PAGP is classified as a mid-cap company, placing it between the largest integrated energy majors and smaller regional pipeline operators in terms of overall market size.
Is PAGP a long-term quality investment?
From a long-term quality perspective, PAGP's Weak Moat rating suggests limited durable competitive advantages, which can matter over extended holding periods. The Attractive Valuation and Good Growth pillar offer some offset, but the full picture warrants careful review by long-term investors.
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Pro Analysis
PAGP — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 48.8 | 40.7 | 39.0 | 64.8 | 16.0 | 90.1 | -0.1 |
| May 15, 2026 | 48.9 | 40.7 | 39.0 | 64.8 | 16.0 | 90.9 | 0.0 |
| May 13, 2026 | 48.9 | 40.7 | 39.0 | 64.2 | 16.0 | 91.3 | -1.5 |
| May 11, 2026 | 50.4 | 46.9 | 39.0 | 64.2 | 16.3 | 91.1 | +0.8 |
| May 7, 2026 | 49.6 | 45.2 | 39.0 | 64.2 | 14.4 | 90.3 | 0.0 |
| May 3, 2026 | 49.6 | 45.2 | 39.0 | 64.2 | 14.4 | 90.1 | -0.1 |
| Apr 28, 2026 | 49.7 | 45.2 | 39.0 | 64.2 | 14.4 | 90.8 | 0.0 |
| Apr 26, 2026 | 49.7 | 45.2 | 39.0 | 64.2 | 14.4 | 90.6 | 0.0 |
| Apr 23, 2026 | 49.7 | 45.2 | 39.0 | 64.2 | 14.4 | 91.1 | +0.1 |
| Apr 19, 2026 | 49.6 | 45.2 | 39.0 | 63.5 | 14.4 | 91.3 | +0.2 |
PAGP — Pillar Breakdown
Quality
— 40.7/100 (25%)Plains GP Holdings, L.P. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 67.6/100 (20%)Plains GP Holdings, L.P. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 16.0/100 (15%)Plains GP Holdings, L.P. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 88.1/100 (15%)Plains GP Holdings, L.P. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 39/100 (25%)Plains GP Holdings, L.P. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PAGP.
Score Composition
Financial Data
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How is the PAGP UQS Score Calculated?
The UQS (Unified Quality Score) for Plains GP Holdings, L.P. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Plains GP Holdings, L.P.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Plains GP Holdings, L.P. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.