Plains Gp Holdings (PAGP) FCF Margin (2012 - 2026)
Plains Gp Holdings' (PAGP) quarterly FCF Margin came in at 4.6% in Q2 2026, down 30.0% year-over-year from 6.57% in Q2 2025, and up 99.2% quarter-over-quarter from 2.31% in Q1 2026.
Analysis
Plains Gp Holdings (PAGP) FCF Margin (2012 - 2026) Analysis & Trends
Plains Gp Holdings (PAGP) has reported FCF Margin for 15 consecutive years, with 4.6% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin fell 30.0% year-over-year to 4.6% in Q2 2026; TTM through Jun 2026 was 4.53%, a 23.0% decrease from a year earlier, with the FY2025 full-year figure at 5.17%, up 100.0% from the prior year.
- FCF Margin was 4.6% for Q2 2026 at Plains Gp Holdings, up from 2.31% 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 4.29% and a median of 4.62% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin tumbled 652 bps in 2022 and jumped 741 bps in 2023, its largest moves.
- Over 5 years, FCF Margin stood at 1.47% in 2022, then jumped by 503 bps to 8.89% in 2023, then slumped by 42 bps to 5.15% in 2024, then climbed by 17 bps to 6.02% in 2025, then slipped by 24 bps to 4.6% in 2026.
- The last three FCF Margin figures came in at 4.6% (Q2 2026), 2.31% (Q1 2026), and 6.02% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 21.84% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 11.07% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.88% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 92.82% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 9.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 11.95% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 3.87% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 51.81% |
| 10 | Plains Gp Holdings | 5.52 Bn | 4.46 Bn | 1.14 Bn | 4.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.60% |
| Mar 31, 2026 | 2.31% |
| Dec 31, 2025 | 6.02% |
| Sep 30, 2025 | 5.46% |
| Jun 30, 2025 | 4.91% |
| Mar 31, 2025 | 4.34% |
| Dec 31, 2024 | 5.15% |
| Sep 30, 2024 | 4.65% |
| 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% |