Plains GP Holdings LP
I · AI Analysis
The brief
Plains GP Holdings, through its subsidiary Plains All American Pipeline, owns and operates pipelines, trucks, barges, and rail systems that gather and transport crude oil across North America [Yahoo Finance]. The company also runs storage terminals and, until recently, processed and transported natural gas liquids, though it just exited that Canadian business to focus on crude [Yahoo Finance].
Plains GP Holdings operates midstream energy infrastructure — pipelines, storage terminals, and transportation for crude oil and natural gas liquids across the U.S. and Canada [Yahoo Finance]. The company just completed a $3.3 billion sale of its Canadian NGL business to Keyera, raised 2026 profit guidance, and is now pivoting to focus almost exclusively on crude oil transportation [Yahoo Finance]. With $2.3 billion in free cash flow and a 6.3% dividend yield, it generates strong income, but its 4.0x net debt-to-EBITDA and recent institutional selling raise questions about leverage and sentiment [Yahoo Finance] [EODHD].
Strong cash generation offset by elevated leverage and thin profit margins.
Sentinellis health
4.7/10
Moderate concerns
Market capitalisation
$5.9B
Revenue (TTM)
$44.3B
Explainers
How we read these numbers
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ReadII · Recent news
What moved
6 stories · ranked by relevance
- Macro2026-05-19
Should Value Investors Buy Plains Group (PAGP) Stock?
Zacks
- Macro2026-05-08
Plains All American Reports First-Quarter 2026 Results & Raises 2026 Guidance
Yahoo Finance
- Macro2026-05-12
The Bull Case For Plains GP Holdings (PAGP) Could Change Following Raised EBITDA Outlook And NGL Exit Moves
Yahoo Finance
- Macro2026-05-11
Plains All American Pipeline, L.P. and Plains GP Holdings Announce Appointment of New Board Member
Yahoo Finance
- Macro2026-05-12
Plains All American Pipeline and Plains GP Holdings Announce Completion of Canadian NGL Divestiture
Yahoo Finance
- Macro2026-05-08
Plains GP Holdings, L.P. Q1 2026 Earnings Call Summary
Yahoo Finance
Premium · Free with any account
Net debt-to-EBITDA of 4.0x is elevated for a midstream company, leaving less cushion if oil prices or volumes drop [Yahoo Finance]
Risks
5
Opportunities
6
Red flags
4
Leadership
10
14 more findings in the full report — free with any account.
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