Plains Gp Holdings (PAGP) Net Margin (2012 - 2026)
Plains Gp Holdings (PAGP) reported Net Margin of 0.22% for Q1 2026, down 141.0% year-over-year from 0.55% in Q1 2025, and down 123.26% quarter-over-quarter from 0.97% in Q4 2025.
Plains Gp Holdings (PAGP) Net Margin (2012 - 2026) Analysis & Trends
Plains Gp Holdings (PAGP) has 15 years of Net Margin data on file, last reported at 0.22% in Q1 2026.
- Net Margin for Q1 2026 came in at 0.22%, down 141.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.49% (down 24.0% YoY), and the FY2025 annual result was 0.87%, up 73.0% from the prior year.
- Net Margin retreated to 0.22% in Q1 2026 per PAGP's latest filing, 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.
- A 5-year average of 1.49% and a median of 1.18% in 2025 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2024: Net Margin soared 421 bps in 2022, then tumbled 368 bps in 2024.
- A 5-year view of Net Margin shows it stood at 2.29% in 2022, then dropped by 4 bps to 2.19% in 2023, then sank by 72 bps to 0.61% in 2024, then jumped by 57 bps to 0.97% in 2025, then slumped by 123 bps to 0.22% in 2026.
- Business Quant data shows PAGP's Net Margin at 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 | 88.33 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 10.39% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 20.73% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 4.30% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 30.35% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 11.71% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 8.07% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 23.51% |
| 10 | Plains Gp Holdings | 4.82 Bn | 4.65 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% |