Plains Gp Holdings (PAGP) Net Margin (2012 - 2026)
Plains Gp Holdings' (PAGP) quarterly Net Margin came in at 0.22% in Q1 2026, down 141.0% year-on-year from 0.55% in Q1 2025, and down 123.26% sequentially from 0.97% in Q4 2025.
Plains Gp Holdings (PAGP) Net Margin (2012 - 2026) Analysis & Trends
Plains Gp Holdings' Net Margin history runs 15 years deep, the most recent figure standing at 0.22% for Q1 2026.
- In Q1 2026, Net Margin fell 141.0% year-over-year to 0.22%; the TTM figure through Mar 2026 stood at 0.49% (down 24.0% YoY), while the FY2025 annual figure was 0.87%, up 73.0% from the prior year.
- Net Margin came in at 0.22% for Q1 2026 at Plains Gp Holdings, down from 0.97% in the prior quarter.
- Over five years, Net Margin peaked at 3.77% in Q1 2023 and troughed at 0.22% in Q1 2026.
- The 5-year median for Net Margin is 1.18% (2025), against an average of 1.49%.
- The widest annual swing landed in 2022, when Net Margin jumped 421 bps; it then plunged 368 bps in 2024.
- A 5-year view of Net Margin shows it stood at 2.29% in 2022, then declined by 4 bps to 2.19% in 2023, then slumped by 72 bps to 0.61% in 2024, then surged by 57 bps to 0.97% in 2025, then tumbled by 123 bps to 0.22% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 0.22% in Q1 2026, 0.97% in Q4 2025, and 0.66% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 7.47% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 20.73% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 10.39% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 4.30% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 11.71% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 30.35% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 8.07% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 5.08% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 10.61% |
| 10 | Plains Gp Holdings | 4.81 Bn | 4.63 Bn | 977.00 Mn | -0.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.22% |
| Dec 31, 2025 | 0.97% |
| Sep 30, 2025 | 0.66% |
| Jun 30, 2025 | 0.66% |
| Mar 31, 2025 | 1.18% |
| Dec 31, 2024 | 0.61% |
| Sep 30, 2024 | 0.92% |
| Jun 30, 2024 | 0.25% |
| Mar 31, 2024 | 0.09% |
| Dec 31, 2023 | 2.19% |
| Sep 30, 2023 | 2.22% |
| Jun 30, 2023 | 2.87% |
| Mar 31, 2023 | 3.77% |
| Dec 31, 2022 | 2.29% |
| Sep 30, 2022 | 3.75% |
| Jun 30, 2022 | 1.62% |
| Mar 31, 2022 | 1.53% |
| Dec 31, 2021 | 3.70% |
| Sep 30, 2021 | -0.46% |
| Jun 30, 2021 | -2.32% |