Plains Gp Holdings $PAGP Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up PLAINS GP HOLDINGS LP ($PAGP). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-29. 15 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $44.3B (FY2025), total debt $10.7B. Experience: revenue down 9.5% on the year, up 1.3% a year over 4 years; operating margin 3.2%, up from 1.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $31.1B and $48.3B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $25.7B to $57.6B. A statistical range, not company guidance.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $2.9B · −$3.4B · $474M · $2.3B |
| Investment book (cash · short · long) | $329M · — · — · current ratio 0.96 |
| Revenue swing · equity of assets | 21.8% · — |
Plains Gp Holdings is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $44.3B |
| Revenue, on the year | −9.5% |
| Revenue, a year over the record | 1.3% |
| Operating margin | 3.2% |
| Operating margin, prior year | 1.8% |
| Net margin | 3.8% |
| Research and development | not filed separately |
| Total debt | $10.7B |
| Equity of assets | — |
| Return on equity | — |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | — |
| Book value per share | — |
| Revenue per share | — |
| Shares outstanding | — |
| Audited years read | 5 |
Health HarborPlains Gp Holdings sails as: Sound ship
Health watch · 12 monthsDirector or officer change ×3
Sailing speed follows growth: -8.3% a year crosses the harbor in 105 seconds.
🌊 Visit the Bay →- slow and jumpy: growing slower than its size class, with revenue that swings more
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-09-29 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-09-14 · 1.01 Entry into a Material Definitive Agreement; 2.02 Results of Operations and Financial Condition; 2.03 Creation of a Direct Financial Obligation; 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-08-10
- 8-K · 2026-08-07 · 2.01 Completion of Acquisition or Disposition of Assets; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-17 · 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-02 · 5.02 Departure or Election of Directors; Appointment of Officers
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company