NasdaqGS:PAGPOil and Gas
Is Plains GP (PAGP) Quietly Rewriting Its Story With Surging Earnings and Leverage Cuts?
In the past quarter, Plains GP Holdings, L.P. reported Q2 2026 sales of US$17.69 billion, up from US$10.64 billion a year earlier, with net income rising to US$389 million and basic earnings per share reaching US$1.97 versus US$0.15.
The company also maintained full-year earnings guidance while using proceeds from its Canadian NGL business sale to cut leverage to 3.3 times and fund higher-return growth projects, including Permian gathering expansions and a Cactus pipeline expansion.
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