PAGP Plains Gp Holdings margins

Relative Growth: Rel. Growth: 96

Relative Strength: Rel. Strength: 84

Relative Valuation: Rel. Valuation: 98

Relative Profitability: Rel. Profitability: 60

Gross margin

5.5%

Operating margin

3.1%

EBITDA margin

4.4%

Net margin

1.1%

The Plains Gp Holdings shows a gross margin of 5.5%, an operating margin of 3.1%, an EBITDA margin of 4.4%, and a net margin of 1.1%. All reported margins improved year over year, led by operating margin with an increase of 1.4 percentage points.

PAGP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Plains Gp Holdings's margins averaged 5.07% gross, 2.43% operating, 3.47% EBITDA, and 0.43% net. All four current margins are above their three-year averages.

PAGP margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.7 percentage points, operating margin by 1.4 percentage points, EBITDA margin by 1.1 percentage points, and net margin by 0.8 percentage points, led by operating margin with an increase of 1.4 percentage points.

Gross margin expansion

0.7pp

Operating margin expansion

1.4pp

EBITDA margin expansion

1.1pp

Net margin expansion

0.8pp

PAGP Gross margin

Over the last 3 years, Plains Gp Holdings's gross margin averaged 5.07%. At present, Plains Gp Holdings's current gross margin is 5.5%, which is 0.4 percentage points above its three-year average. During this period, gross margin reached a high of 6% in Dec 2025 and a low of 4.5% in Sep 2024.

PAGP Operating margin

Over the last 3 years, Plains Gp Holdings's operating margin averaged 2.43%. As of the latest period, Plains Gp Holdings's current operating margin is 3.1%, which is 0.7 percentage points above its three-year average. During this period, operating margin reached a high of 3.3% in Mar 2026 and a low of 1.7% in Jun 2025.

PAGP EBITDA margin

Over the last 3 years, the average EBITDA margin for Plains Gp Holdings was 3.47%. The current EBITDA margin of 4.4% is 0.9 percentage points above its three-year average. Plains Gp Holdings's EBITDA margin ranged from a low of 3% in Sep 2024 to a high of 4.4% in Jun 2026.

PAGP Net margin

Over the last 3 years, the average net margin for Plains Gp Holdings was 0.43%. Against its three-year average, Plains Gp Holdings's net margin is currently 1.1%, 0.7 percentage points above its three-year average. Plains Gp Holdings's net margin ranged from a low of 0.2% in Dec 2024 to a high of 1.1% in Jun 2026.

PAGP margin group comparison

Margins compared with peer-group, industry and sector averages

Plains Gp Holdings's gross margin of 5.5% is below the Energy sector, the industry and its peers average. Compared to its Energy sector average of 42.5%, Plains Gp Holdings's gross margin is 87% lower.

PAGP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Plains Gp Holdings's gross margin?

As of Jun 30, 2026, PAGP has a gross margin of 5.5%.

What is Plains Gp Holdings's operating margin?

As of Jun 30, 2026, PAGP has an operating margin of 3.1%.

What is Plains Gp Holdings's EBITDA margin?

For the period ending Jun 30, 2026, PAGP recorded an EBITDA margin of 4.4%.

What is Plains Gp Holdings's net margin?

As of Jun 30, 2026, PAGP has a net margin of 1.1%.

What are the average margins of PAGP?

Over the past 3 years, PAGP reported average margins of 5.1% gross, 2.4% operating, 3.5% EBITDA, and 0.4% net.

What are the highest historical margins of PAGP?

In the last 5 years, the highest margins reported by PAGP were 6% gross in Dec 2025, 3.3% operating in Mar 2026, 4.4% EBITDA in Jun 2026, and 1.1% net in Jun 2026.

What are the lowest historical margins of PAGP?

Within the 5-year period, PAGP recorded its lowest margins at 4.5% gross in Sep 2024, 1.3% operating in Mar 2022, 2.9% EBITDA in Mar 2022, and 0% net in Mar 2022.