Plains GP Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Plains GP Holdings has a total shareholder equity of $14.7B and total debt of $7.9B, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are $28.4B and $13.6B respectively. Plains GP Holdings's EBIT is $1.5B making its interest coverage ratio 3.9. It has cash and short-term investments of $641.0M.
Key information
53.6%
Debt to equity ratio
US$7.91b
Debt
| Interest coverage ratio | 3.9x |
| Cash | US$641.00m |
| Equity | US$14.74b |
| Total liabilities | US$13.61b |
| Total assets | US$28.36b |
Recent financial health updates
No updates
Recent updates
Plains GP Holdings' Reinvigorated 1099 Distribution Is Backed By Ample Cash Flow
Apr 30Plains GP Holdings declares $0.2175 dividend
Oct 10Plains GP Holdings declares $0.2175 dividend
Jul 08Plains GP Holdings: Cash-Generating Engine Firing Up, Higher Distributions To Follow
Sep 25Plains GP Holdings: The Oil Price Recovery Foretells Higher Earnings And Distributions On The Horizon
Jul 13Plains GP Holdings EPS beats by $0.02, beats on revenue
May 04Financial Position Analysis
Short Term Liabilities: PAGP's short term assets ($5.2B) exceed its short term liabilities ($5.1B).
Long Term Liabilities: PAGP's short term assets ($5.2B) do not cover its long term liabilities ($8.5B).
Debt to Equity History and Analysis
Debt Level: PAGP's net debt to equity ratio (49.3%) is considered high.
Reducing Debt: PAGP's debt to equity ratio has reduced from 71.1% to 53.6% over the past 5 years.
Debt Coverage: PAGP's debt is well covered by operating cash flow (35%).
Interest Coverage: PAGP's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 15:14 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Plains GP Holdings, L.P. is covered by 38 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ethan Bellamy | Baird |
| Richard Gross | Barclays |
| Theresa Chen | Barclays |