Plains Gp Holdings (PAGP) FCF Margin (2012 - 2026)
Plains Gp Holdings (PAGP) posted quarterly FCF Margin of 2.31% for Q1 2026, down 20.0% year-over-year from 2.89% in Q1 2025, and down 74.32% quarter-over-quarter from 8.99% in Q4 2025.
Plains Gp Holdings (PAGP) FCF Margin (2012 - 2026) Analysis & Trends
Plains Gp Holdings (PAGP) has reported FCF Margin for 15 consecutive years, with 2.31% the latest figure, recorded in 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 fell to 2.31% in Q1 2026 per PAGP's latest filing, from 8.99% in the prior quarter.
- Across five years, FCF Margin topped out at 8.99% in Q4 2025 and bottomed at 0.45% in Q3 2023.
- Historically, FCF Margin has averaged 4.16% across 5 years, with a median of 4.29% in 2022.
- Annual changes were most pronounced in 2022 — FCF Margin slumped 652 bps — and 2023, when it surged 741 bps.
- Plains Gp Holdings' FCF Margin stood at 1.47% in 2022, then soared by 503 bps to 8.89% in 2023, then slumped by 50 bps to 4.42% in 2024, then jumped by 103 bps to 8.99% in 2025, then plunged by 74 bps to 2.31% in 2026.
- Business Quant data shows PAGP's FCF Margin at 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 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 21.84% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 3.87% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 11.07% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 7.88% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 146.27% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 11.95% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 9.71% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 6.94% |
| 10 | Plains Gp Holdings | 5.12 Bn | 4.06 Bn | 1.14 Bn | 4.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.60% |
| 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% |