Plains Gp Holdings (PAGP) Gross Margin (2014 - 2026)
Plains Gp Holdings (PAGP) posted quarterly Gross Margin of 7.83% for Q1 2026, down 53.0% year-over-year from 16.67% in Q1 2025, and down 16.73% quarter-over-quarter from 9.41% in Q4 2025.
Plains Gp Holdings (PAGP) Gross Margin (2014 - 2026) Analysis & Trends
Plains Gp Holdings (PAGP) has reported Gross Margin for 13 consecutive years, with 7.83% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 53.0% year-over-year to 7.83%; the TTM figure through Mar 2026 stood at 8.5% (up 80.0% YoY), while the FY2025 annual figure was 8.65%, up 103.0% from the prior year.
- Gross Margin retreated to 7.83% in Q1 2026 per PAGP's latest filing, from 9.41% in the prior quarter.
- Across five years, Gross Margin topped out at 9.41% in Q4 2025 and bottomed at 3.15% in Q4 2023.
- Historically, Gross Margin has averaged 7.58% across 5 years, with a median of 7.97% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 518 bps — and 2024, when it soared 482 bps.
- Plains Gp Holdings' Gross Margin stood at 7.39% in 2022, then slumped by 57 bps to 3.15% in 2023, then soared by 153 bps to 7.97% in 2024, then grew by 18 bps to 9.41% in 2025, then declined by 17 bps to 7.83% in 2026.
- Business Quant data shows PAGP's Gross Margin at 7.83% in Q1 2026, 9.41% in Q4 2025, and 8.58% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 68.62% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 24.69% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 21.55% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 95.91% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 82.28% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 23.30% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 48.15% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 92.34% |
| 10 | Plains Gp Holdings | 5.12 Bn | 4.06 Bn | 1.14 Bn | 6.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.43% |
| 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% |