Plains Gp Holdings (PAGP) Operating Income (2012 - 2026)
Plains Gp Holdings (PAGP) recorded Operating Income of $397 million in Q2 2026, up 67.5% from $237 million a year earlier but down 1.5% from the prior quarter.
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Analysis
Plains Gp Holdings (PAGP) Operating Income (2012 - 2026) Analysis & Trends
On a TTM basis, Plains Gp Holdings' Operating Income came in at $1.64 billion as of Jun 30, 2026, up 112.6% year-over-year; for FY2025, it came in at $1.43 billion, up 65.7% from FY2024.
- Across earlier years, Operating Income came in at $862 million in FY2024 (-31.0%), $1.25 billion in FY2023 (-2.7%), $1.28 billion in FY2022 (+52.5%) and $842 million in FY2021.
- Quarterly Operating Income has ranged from -$40 million in Q3 2021 to $624 million in Q3 2022 over the past five years.
- On a year-over-year basis, Operating Income rose in three of the last six quarters, with growth averaging 30.8%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 147.7% in Q3 2025, against a decline of 62.8% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $403 million (Q1 2026), $354 million (Q4 2025) and $483 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 2.10 Bn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 2.25 Bn |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 3.57 Bn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 1.35 Bn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 3.87 Bn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 1.23 Bn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 1.38 Bn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 4.29 Bn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 1.59 Bn |
| 10 | Plains Gp Holdings | 5.13 Bn | 2.38 Bn | 1.14 Bn | 397.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 397.00 Mn |
| Mar 31, 2026 | 403.00 Mn |
| Dec 31, 2025 | 354.00 Mn |
| Sep 30, 2025 | 483.00 Mn |
| Jun 30, 2025 | 237.00 Mn |
| Mar 31, 2025 | 355.00 Mn |
| Dec 31, 2024 | -17.00 Mn |
| Sep 30, 2024 | 195.00 Mn |
| Jun 30, 2024 | 330.00 Mn |
| Mar 31, 2024 | 355.00 Mn |
| Dec 31, 2023 | 171.00 Mn |
| Sep 30, 2023 | 232.00 Mn |
| Jun 30, 2023 | 375.00 Mn |
| Mar 31, 2023 | 471.00 Mn |
| Dec 31, 2022 | -40.00 Mn |
| Sep 30, 2022 | 624.00 Mn |
| Jun 30, 2022 | 408.00 Mn |
| Mar 31, 2022 | 291.00 Mn |
| Dec 31, 2021 | 596.00 Mn |
| Sep 30, 2021 | -40.00 Mn |
API Access
Plains Gp Holdings Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=PAGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "PAGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=PAGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();