Plains GP L.P. (PAGP) vs Viper Energy (VNOM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Plains GP L.P. (PAGP) has outperformed Viper Energy (VNOM) over the past year, gaining 51.0% versus a gain of 11.3%. Over five years, PAGP leads with a +126.5% price change compared with +77.6% for VNOM. Viper Energy is the larger company by market cap ($15.53 billion vs $6.24 billion), about 2.5 times the size.
On valuation, Plains GP L.P. trades at a lower forward P/E (13.0x vs 17.1x for Viper Energy). Plains GP L.P. offers the higher dividend yield (6.09% vs 5.67%). Plains GP L.P. converts more of its revenue into profit, with a net margin of 0.6% versus -4.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | PAGP | VNOM |
|---|---|---|
| Share price | $26.80 | $43.23 |
| Market cap | $6.24B | $15.53B |
| 1-day change | +0.87% | +1.41% |
| YTD return | +38.82% | +10.35% |
| 1-year return | +50.97% | +11.28% |
| 5-year return | +126.51% | +77.63% |
| P/E ratio (TTM) | 60.91 | — |
| Forward P/E | 12.97 | 17.14 |
| EPS (TTM) | $0.44 | $0.02 |
| Dividend yield | 6.09% | 5.67% |
| Annual dividend | $1.63 | $2.45 |
| Revenue (latest FY) | $44.26B | $1.40B |
| Revenue growth (YoY) | -9.46% | +62.02% |
| Net income (latest FY) | $260.00M | $-68.00M |
| Gross margin | 8.65% | — |
| Operating margin | 3.23% | -10.04% |
| Net margin | 0.59% | -4.87% |
| 52-week high | $28.70 | $51.13 |
| 52-week low | $16.68 | $35.10 |
| Distance from 52-week high | -6.62% | -15.45% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | -2.69% | +27.11% |
| Average volume | 1.64M | 1.71M |
| Shares outstanding | 197.90M | 194.41M |
| Sector | Energy | Energy |
| Industry | Natural Gas Distribution | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Viper Energy is about 2.5 times larger than Plains GP L.P. by market value ($15.53B vs $6.24B).
- PAGP has outperformed VNOM by 39.7 percentage points over the past year.
- Plains GP L.P. is more profitable, keeping 0.6 cents of every revenue dollar as net income versus -4.9 cents for Viper Energy.
- Viper Energy grew revenue faster in its latest fiscal year (+62.02% vs -9.46%).
About Plains GP L.P.
PAGP stock →Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments.
Energy · Natural Gas Distribution
About Viper Energy
VNOM stock →Viper Energy, Inc. owns, acquires, and exploits oil and natural gas properties in North America.
Energy · Oil & Gas Production
PAGP vs VNOM FAQ
Which is bigger, Plains GP L.P. or Viper Energy?
Viper Energy (VNOM) is larger, with a market capitalization of $15.53B compared with $6.24B for Plains GP L.P. (PAGP).
Which stock has performed better over the past year, PAGP or VNOM?
PAGP returned +50.97% over the past 12 months, compared with +11.28% for VNOM (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Plains GP L.P. or Viper Energy?
Plains GP L.P. has the higher yield at 6.09%, compared with 5.67% for Viper Energy.
Are Plains GP L.P. and Viper Energy in the same industry?
Both are in the Energy sector, but in different industries: Natural Gas Distribution for Plains GP L.P. and Oil & Gas Production for Viper Energy.