Plains Gp Holdings (PAGP) FCF Margin (2012 - 2026)
Plains Gp Holdings' (PAGP) quarterly FCF Margin came in at 2.31% in Q1 2026, down 20.0% year-on-year from 2.89% in Q1 2025, and down 61.63% sequentially from 6.02% in Q4 2025.
Plains Gp Holdings (PAGP) FCF Margin (2012 - 2026) Analysis & Trends
Plains Gp Holdings' FCF Margin history runs 15 years deep, the most recent figure standing at 2.31% for Q1 2026.
- In Q1 2026, FCF Margin fell 20.0% year-over-year to 2.31%; the TTM figure through Mar 2026 stood at 5.06% (up 134.0% YoY), while the FY2025 annual figure was 5.17%, up 152.0% from the prior year.
- FCF Margin came in at 2.31% for Q1 2026 at Plains Gp Holdings, down from 6.02% in the prior quarter.
- Over five years, FCF Margin peaked at 8.89% in Q4 2023 and troughed at 0.45% in Q3 2023.
- The 5-year median for FCF Margin is 4.29% (2022), against an average of 4.16%.
- The widest annual swing landed in 2022, when FCF Margin tumbled 652 bps; it then soared 741 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 1.47% in 2022, then soared by 503 bps to 8.89% in 2023, then plunged by 66 bps to 3.04% in 2024, then surged by 98 bps to 6.02% in 2025, then tumbled by 62 bps to 2.31% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 2.31% in Q1 2026, 6.02% in Q4 2025, and 5.46% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | -0.43% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 28.13% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 3.38% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 5.26% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | -3.91% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 25.41% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 0.73% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 24.42% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | -52.58% |
| 10 | Plains Gp Holdings | 4.81 Bn | 4.63 Bn | 977.00 Mn | 2.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.31% |
| Dec 31, 2025 | 6.02% |
| Sep 30, 2025 | 5.46% |
| Jun 30, 2025 | 6.88% |
| Mar 31, 2025 | 2.51% |
| Dec 31, 2024 | 3.04% |
| Sep 30, 2024 | 5.29% |
| Jun 30, 2024 | 3.89% |
| Mar 31, 2024 | 2.24% |
| Dec 31, 2023 | 8.89% |
| Sep 30, 2023 | -0.45% |
| Jun 30, 2023 | 6.40% |
| Mar 31, 2023 | 5.02% |
| Dec 31, 2022 | 1.47% |
| Sep 30, 2022 | 5.71% |
| Jun 30, 2022 | 4.29% |
| Mar 31, 2022 | 1.74% |
| Dec 31, 2021 | 4.27% |
| Sep 30, 2021 | 2.41% |
| Jun 30, 2021 | 1.50% |