Plains GP L.P. Financial Statements
NASDAQ: PAGPEnergyNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Plains GP L.P. revenue and earnings
In fiscal 2025, Plains GP L.P. generated $44.26 billion in revenue, down 9.5% from fiscal 2024, its first annual decline since 2023. Net income was $260.0 million (+152.4% year over year), for a net margin of 0.6% versus a median of 0.2% in the prior 5 years. Gross margin was 8.7% (up from 7.6%) and operating margin 3.2%.
Over the last 5 fiscal years, PAGP's revenue has grown at a 13.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Plains GP L.P. income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 44.26B | 48.89B | 47.34B | 57.34B | 42.08B | 23.29B | 33.67B | 34.05B | 26.22B | 20.18B |
| Revenue growth (YoY) | -9.46% | +3.28% | -17.45% | +36.28% | +80.67% | -30.83% | -1.13% | +29.87% | +29.93% | -12.83% |
| Cost of Revenue | 40.43B | 45.16B | 43.94B | 53.18B | 38.50B | 20.43B | 29.45B | 29.79B | 22.98B | 17.23B |
| Gross Profit | 3.83B | 3.73B | 3.40B | 4.17B | 3.57B | 2.86B | 4.22B | 4.26B | 3.24B | 2.95B |
| Operating Expenses | 2.40B | 2.87B | 2.15B | 2.88B | 2.73B | 5.24B | 2.24B | 1.99B | 2.09B | 1.96B |
| Operating Income | 1.43B | 862.00M | 1.25B | 1.28B | 842.00M | -2.38B | 1.98B | 2.27B | 1.15B | 990.00M |
| Interest Expense | 467.00M | 382.00M | 386.00M | 405.00M | 425.00M | 436.00M | 425.00M | 431.00M | 510.00M | 480.00M |
| Other Income (Expense) | 21.00M | 16.00M | 102.00M | -219.00M | 19.00M | 39.00M | 24.00M | -7.00M | -31.00M | 33.00M |
| Pretax Income | 1.40B | 963.00M | 1.36B | 1.41B | 712.00M | -2.61B | 2.24B | 2.41B | 896.00M | 738.00M |
| Income Tax | 92.00M | 124.00M | 129.00M | 246.00M | 112.00M | -167.00M | 176.00M | 302.00M | 937.00M | 78.00M |
| Net Income | 260.00M | 103.00M | 198.00M | 168.00M | 60.00M | -568.00M | 331.00M | 334.00M | -731.00M | 94.00M |
| Net Income growth (YoY) | +152.43% | -47.98% | +17.86% | +180.00% | — | -271.60% | -0.90% | — | -877.66% | -20.34% |
| EBITDA | 2.38B | 1.76B | 2.16B | 2.25B | 1.62B | -1.73B | 2.58B | 2.79B | 1.67B | 1.50B |
| Gross Margin | 8.65% | 7.62% | 7.18% | 7.27% | 8.49% | 12.28% | 12.52% | 12.52% | 12.35% | 14.61% |
| Operating Margin | 3.23% | 1.76% | 2.64% | 2.24% | 2.00% | -10.23% | 5.88% | 6.67% | 4.37% | 4.91% |
| Net Margin | 59.00% | 21.00% | 42.00% | 29.00% | 14.00% | -2.44% | 98.00% | 98.00% | -2.79% | 47.00% |
This table shows 10 annual periods of Plains GP L.P.'s income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PAGP's reporting calendar. What is a income statement?