Plains GP L.P. Quarterly Income Statement
NASDAQ: PAGPEnergyNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Plains GP L.P. revenue and earnings
In the quarter ended Jun 30, 2026, Plains GP L.P. generated $17.69 billion in revenue, up 66.3% from the same quarter a year earlier. Net income was $389.0 million (+1196.7% year over year), for a net margin of 2.2% versus a median of 0.6% in the prior 5 quarters. Gross margin was 6.4% (down from 8.3%) and operating margin 2.2%.
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Plains GP L.P. income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.69B | 12.47B | 10.56B | 11.58B | 10.64B | 11.48B | 12.04B | 12.46B | 12.76B | 11.64B | 11.32B | 12.07B |
| Revenue growth (YoY) | +66.26% | +8.65% | -12.21% | -7.05% | -16.58% | -1.39% | +6.30% | +3.19% | +9.96% | -5.69% | -12.58% | -15.80% |
| Cost of Revenue | 16.56B | 11.49B | 9.57B | 10.59B | 9.76B | 10.52B | 11.08B | 11.54B | 11.84B | 10.92B | 10.96B | 11.11B |
| Gross Profit | 1.14B | 977.00M | 994.00M | 993.00M | 884.00M | 960.00M | 959.00M | 916.00M | 919.00M | 722.00M | 357.00M | 965.00M |
| Operating Expenses | 740.00M | 574.00M | 640.00M | 510.00M | 647.00M | 605.00M | 976.00M | 721.00M | 589.00M | 367.00M | 186.00M | 733.00M |
| Operating Income | 397.00M | 403.00M | 354.00M | 483.00M | 237.00M | 355.00M | -17.00M | 195.00M | 330.00M | 355.00M | 171.00M | 232.00M |
| Interest Expense | 135.00M | 144.00M | 137.00M | 112.00M | 110.00M | 107.00M | 95.00M | 97.00M | 96.00M | 95.00M | 96.00M | 97.00M |
| Other Income (Expense) | 24.00M | -15.00M | 16.00M | -9.00M | 8.00M | 6.00M | 2.00M | 10.00M | 8.00M | -5.00M | 17.00M | 0 |
| Pretax Income | 375.00M | 333.00M | 321.00M | 458.00M | 229.00M | 388.00M | 60.00M | 205.00M | 348.00M | 364.00M | 184.00M | 263.00M |
| Income Tax | 209.00M | 8.00M | 16.00M | 30.00M | 16.00M | 32.00M | 18.00M | 18.00M | 64.00M | 28.00M | -5.00M | -5.00M |
| Net Income | 389.00M | 20.00M | 62.00M | 83.00M | 30.00M | 84.00M | -11.00M | 33.00M | 39.00M | 42.00M | 52.00M | 29.00M |
| Net Income growth (YoY) | +1196.67% | -76.19% | — | +151.52% | -23.08% | +100.00% | -121.15% | +13.79% | -18.75% | -39.13% | +18.18% | -59.15% |
| EBITDA | 639.00M | 646.00M | 611.00M | 713.00M | 472.00M | 587.00M | 209.00M | 421.00M | 556.00M | 609.00M | 305.00M | 493.00M |
| Gross Margin | 6.43% | 7.83% | 9.41% | 8.58% | 8.31% | 8.36% | 7.97% | 7.35% | 7.20% | 6.20% | 3.15% | 7.99% |
| Operating Margin | 2.24% | 3.23% | 3.35% | 4.17% | 2.23% | 3.09% | -14.00% | 1.57% | 2.59% | 3.05% | 1.51% | 1.92% |
| Net Margin | 2.20% | 16.00% | 59.00% | 72.00% | 28.00% | 73.00% | -9.00% | 26.00% | 31.00% | 36.00% | 46.00% | 24.00% |
This table shows 12 quarterly periods of Plains GP L.P.'s income statement, from Q2 2026 back to Q3 2023, 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?