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 74.32% on a QoQ basis from 8.99% 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.
- On a quarterly basis, FCF Margin fell 20.0% year-over-year to 2.31% in Q1 2026; TTM through Mar 2026 was 5.06%, a 134.0% increase from a year earlier, with the FY2025 full-year figure at 5.17%, up 152.0% from the prior year.
- FCF Margin for Q1 2026 stood at 2.31%, down from 8.99% in the prior quarter.
- Over the last five years, FCF Margin for PAGP reached as high as 8.99% in Q4 2025 and fell as low as 0.45% in Q3 2023.
- Historically, FCF Margin has averaged 4.16% across 5 years, with a median of 4.29% in 2022.
- Across the five-year window, FCF Margin plunged 652 bps in 2022 and soared 741 bps in 2023, its largest moves.
- Year by year, FCF Margin stood at 1.47% in 2022, then surged by 503 bps to 8.89% in 2023, then slumped by 50 bps to 4.42% in 2024, then soared by 103 bps to 8.99% in 2025, then plunged by 74 bps to 2.31% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 2.31% in Q1 2026, 8.99% in Q4 2025, and 5.35% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 53.09% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 15.79% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 21.84% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 3.38% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.53% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 5.26% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | -3.91% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 0.73% |
| 10 | Plains Gp Holdings | 5.25 Bn | 5.07 Bn | 977.00 Mn | 2.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.31% |
| Dec 31, 2025 | 8.99% |
| Sep 30, 2025 | 5.35% |
| Jun 30, 2025 | 4.05% |
| Mar 31, 2025 | 2.51% |
| Dec 31, 2024 | 4.42% |
| Sep 30, 2024 | 3.32% |
| Jun 30, 2024 | 4.52% |
| 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% |