Plains Gp Holdings (PAGP) Gross Margin (2014 - 2026)

Plains Gp Holdings' (PAGP) quarterly Gross Margin came in at 7.83% in Q1 2026, down 53.0% year-on-year from 16.67% in Q1 2025, and down 16.73% on a QoQ basis from 9.41% in Q4 2025.

Plains Gp Holdings (PAGP) Gross Margin (2014 - 2026) Analysis & Trends

Plains Gp Holdings (PAGP) has 13 years of Gross Margin data on file, last reported at 7.83% in Q1 2026.

  • On a quarterly basis, Gross Margin fell 53.0% year-over-year to 7.83% in Q1 2026; TTM through Mar 2026 was 8.5%, a 80.0% increase from a year earlier, with the FY2025 full-year figure at 8.65%, up 103.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 7.83%, down from 9.41% in the prior quarter.
  • Over the last five years, Gross Margin for PAGP reached as high as 9.41% in Q4 2025 and fell as low as 3.15% in Q4 2023.
  • Historically, Gross Margin has averaged 7.58% across 5 years, with a median of 7.97% in 2024.
  • Across the five-year window, Gross Margin plunged 518 bps in 2022 and jumped 482 bps in 2024, its largest moves.
  • Year by year, Gross Margin stood at 7.39% in 2022, then slumped by 57 bps to 3.15% in 2023, then surged by 153 bps to 7.97% in 2024, then rose by 18 bps to 9.41% in 2025, then retreated by 17 bps to 7.83% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 7.83% in Q1 2026, 9.41% in Q4 2025, and 8.58% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 89.73%
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 76.80%
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 68.62%
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 41.12%
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - -
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 97.17%
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 23.85%
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 41.52%
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 93.41%
10 Plains Gp Holdings 5.25 Bn 5.07 Bn 977.00 Mn 7.83%

Historic Data

Download Data
DateValue
Mar 31, 2026 7.83%
Dec 31, 2025 9.41%
Sep 30, 2025 8.58%
Jun 30, 2025 8.31%
Mar 31, 2025 8.36%
Dec 31, 2024 7.97%
Sep 30, 2024 7.35%
Jun 30, 2024 7.20%
Mar 31, 2024 6.20%
Dec 31, 2023 3.15%
Sep 30, 2023 7.99%
Jun 30, 2023 9.12%
Mar 31, 2023 8.25%
Dec 31, 2022 7.39%
Sep 30, 2022 8.82%
Jun 30, 2022 6.33%
Mar 31, 2022 6.64%
Dec 31, 2021 9.45%
Sep 30, 2021 6.51%
Jun 30, 2021 6.58%