Plains Gp Holdings (PAGP) FCF Margin (2012 - 2026)
Plains Gp Holdings (PAGP) reported FCF Margin of 2.31% for Q1 2026, down 20.0% year-over-year from 2.89% in Q1 2025, and down 61.63% quarter-over-quarter from 6.02% in Q4 2025.
Plains Gp Holdings (PAGP) FCF Margin (2012 - 2026) Analysis & Trends
Plains Gp Holdings (PAGP) has 15 years of FCF Margin data on file, last reported at 2.31% in Q1 2026.
- FCF Margin for Q1 2026 came in at 2.31%, down 20.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.06% (up 134.0% YoY), and the FY2025 annual result was 5.17%, up 152.0% from the prior year.
- FCF Margin slipped to 2.31% in Q1 2026 per PAGP's latest filing, 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.
- A 5-year average of 4.16% and a median of 4.29% in 2022 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2023: FCF Margin slumped 652 bps in 2022, then surged 741 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 1.47% in 2022, then surged by 503 bps to 8.89% in 2023, then tumbled by 66 bps to 3.04% in 2024, then jumped by 98 bps to 6.02% in 2025, then slumped by 62 bps to 2.31% in 2026.
- Business Quant data shows PAGP's FCF Margin at 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 | 88.33 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 3.38% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 28.13% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 5.26% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 25.41% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -3.91% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 0.73% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 13.15% |
| 10 | Plains Gp Holdings | 4.82 Bn | 4.65 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% |