Plains GP Holdings Management

Management criteria checks 4/4

Plains GP Holdings' CEO is Willie Chiang, appointed in Oct 2018, has a tenure of 5.58 years. total yearly compensation is $7.45M, comprised of 10.7% salary and 89.3% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth $8.14M. The average tenure of the management team and the board of directors is 5.6 years and 7.4 years respectively.

Key information

Willie Chiang

Chief executive officer

US$7.5m

Total compensation

CEO salary percentage	10.7%
CEO tenure	5.6yrs
CEO ownership	0.2%
Management average tenure	5.6yrs
Board average tenure	7.4yrs

Recent management updates

Recent updates

Plains GP Holdings' Reinvigorated 1099 Distribution Is Backed By Ample Cash Flow

Apr 30

Plains GP Holdings declares $0.2175 dividend

Oct 10

Plains GP Holdings declares $0.2175 dividend

Jul 08

Plains GP Holdings: Cash-Generating Engine Firing Up, Higher Distributions To Follow

Sep 25

Plains GP Holdings: The Oil Price Recovery Foretells Higher Earnings And Distributions On The Horizon

Jul 13

Plains GP Holdings EPS beats by $0.02, beats on revenue

May 04

CEO Compensation Analysis

How has Willie Chiang's remuneration changed compared to Plains GP Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$171m
Dec 31 2023	US$7m	US$800k	US$198m
Sep 30 2023	n/a	n/a	US$190m
Jun 30 2023	n/a	n/a	US$232m
Mar 31 2023	n/a	n/a	US$215m
Dec 31 2022	US$8m	US$750k	US$168m
Sep 30 2022	n/a	n/a	US$208m
Jun 30 2022	n/a	n/a	US$112m
Mar 31 2022	n/a	n/a	US$12m
Dec 31 2021	US$4m	US$600k	US$60m
Sep 30 2021	n/a	n/a	-US$44m
Jun 30 2021	n/a	n/a	-US$2m
Mar 31 2021	n/a	n/a	US$83m
Dec 31 2020	US$4m	US$600k	-US$568m
Sep 30 2020	n/a	n/a	-US$500m
Jun 30 2020	n/a	n/a	-US$447m
Mar 31 2020	n/a	n/a	-US$397m
Dec 31 2019	US$4m	US$600k	US$331m
Sep 30 2019	n/a	n/a	US$463m
Jun 30 2019	n/a	n/a	US$503m
Mar 31 2019	n/a	n/a	US$444m
Dec 31 2018	n/a	n/a	US$334m
Sep 30 2018	n/a	n/a	-US$646m
Jun 30 2018	n/a	n/a	-US$752m
Mar 31 2018	n/a	n/a	-US$735m
Dec 31 2017	US$3m	US$325k	-US$731m

Compensation vs Market: Willie's total compensation ($USD7.45M) is about average for companies of similar size in the US market ($USD6.67M).

Compensation vs Earnings: Willie's compensation has been consistent with company performance over the past year.

CEO

Willie Chiang (62 yo)

5.6yrs

Tenure

US$7,453,919

Compensation

Mr. Wilfred C.W. Chiang, also known as Willie, serves as Chief Executive Officer of PAA GP Holdings LLC, a General Partner of Plains GP Holdings, L.P. since October 2018 and also serves as its Chairman of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Wilfred Chiang	Chairman & CEO of PAA GP Holdings LLC	5.6yrs	US$7.45m	0.19% $ 8.1m
Harry Pefanis	President & Director of PAA GP Holdings LLC	10.8yrs	US$2.05m	0.56% $ 23.8m
Al Swanson	Executive VP & CFO of PAA GP Holdings LLC	10.8yrs	US$2.90m	0.69% $ 29.0m
Chris Chandler	Executive VP & COO of PAA GP Holdings LLC	5.2yrs	US$3.45m	no data
Richard McGee	Executive VP	10.8yrs	US$2.90m	no data
Jeremy Goebel	Executive VP & Chief Commercial Officer of PAA GP Holdings LLC	5.2yrs	US$3.45m	0.00067% $ 28.4k
Chris Herbold	Senior VP of Finance & Chief Accounting Officer of PAA GP Holdings LLC	10.8yrs	no data	no data
Roy Lamoreaux	Vice President	no data	no data	no data
Brad Leone	Director of Communications for PAA GP Holdings LLC	no data	no data	no data
Dwayne Koehn	Senior Vice President of Operations of PAA GP Holdings LLC	1.3yrs	no data	no data
Sharon Spurlin	Senior VP & Treasurer	no data	no data	no data
Russ Montgomery	VP & Controller	4.5yrs	no data	no data

5.6yrs

Average Tenure

57yo

Average Age

Experienced Management: PAGP's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Wilfred Chiang	Chairman & CEO of PAA GP Holdings LLC	7.3yrs	US$7.45m	0.19% $ 8.1m
Harry Pefanis	President & Director of PAA GP Holdings LLC	7.3yrs	US$2.05m	0.56% $ 23.8m
Christopher Temple	Independent Director of PAA GP Holdings LLC	7.5yrs	US$240.50k	0.020% $ 864.5k
Bobby Shackouls	Lead Independent Director of PAA GP Holdings LLC	10.3yrs	US$290.50k	0.015% $ 655.6k
Gregory Armstrong	Director of PAA GP Holdings LLC	11.3yrs	US$265.84k	0.95% $ 40.1m
Ellen DeSanctis	Independent Director of PAA GP Holdings LLC	1.8yrs	US$255.50k	0.011% $ 459.8k
Gary Petersen	Independent Director of PAA GP Holdings LLC	7.5yrs	US$240.50k	0.013% $ 542.4k
John Raymond	Independent Director of PAA GP Holdings LLC	10.6yrs	US$255.50k	0.14% $ 5.9m
Kevin McCarthy	Independent Director of PAA GP Holdings LLC	3.6yrs	US$240.50k	0.056% $ 2.4m
Alexandra D. Pruner	Independent Director of PAA GP Holdings LLC	5.4yrs	US$255.50k	0.019% $ 816.6k
Victor Burk	Independent Director of PAA GP Holdings LLC	10.3yrs	US$270.50k	0.015% $ 615.3k
Lawrence Ziemba	Independent Director of PAA GP Holdings LLC	4.3yrs	US$270.50k	0.023% $ 964.5k

7.4yrs

Average Tenure

65.5yo

Average Age

Experienced Board: PAGP's board of directors are considered experienced (7.4 years average tenure).

Plains GP Holdings Management

Management criteria checks 4/4

Key information

Recent management updates

Plains GP Holdings, L.P., Annual General Meeting, May 22, 2024

Insufficient new directors

Chairman & CEO of PAA GP Holdings LLC recently bought US$1.0m worth of stock

Chairman & CEO of PAA GP Holdings LLC recently bought US$994k worth of stock

Board Member recently bought US$120k worth of stock

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Board Changes, Effective August 15, 2022

Recent updates

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Plains GP Holdings' Reinvigorated 1099 Distribution Is Backed By Ample Cash Flow

Upcoming dividend of US$0.32 per share

Plains GP Holdings, L.P., Annual General Meeting, May 22, 2024

Fourth quarter dividend of US$0.32 announced

Plains GP Holdings, L.P. to Report Q1, 2024 Results on May 03, 2024

Consensus EPS estimates fall by 32%

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.32 per share at 7.6% yield

Plains GP Holdings, L.P. Announces Fourth Quarter Cash Distribution, Payable on February 14, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Insufficient new directors

Upcoming dividend of US$0.27 per share at 6.6% yield

Plains GP Holdings, L.P. Announces Cash Distribution to the Third Quarter of 2023, Payable on November 14, 2023

Chairman & CEO of PAA GP Holdings LLC recently bought US$1.0m worth of stock

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.27 per share at 6.8% yield

Plains GP Holdings, L.P. Announces Quarterly Cash Distribution, Payable on August 14, 2023

Consensus EPS estimates fall by 14%

Consensus EPS estimates fall by 26%

Chairman & CEO of PAA GP Holdings LLC recently bought US$994k worth of stock

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates fall by 19%

Consensus EPS estimates fall by 15%, revenue upgraded

Upcoming dividend of US$0.27 per share at 7.9% yield

Full year 2022 earnings released: EPS: US$1.48 (vs US$0.31 in FY 2021)

Upcoming dividend of US$0.27 per share

Plains GP Holdings, L.P. Announces Quarterly Cash Distribution, Payable on February 14, 2023

Consensus EPS estimates fall by 13%

Consensus forecasts updated

Third quarter 2022 earnings released: EPS: US$0.37 (vs US$0.12 loss in 3Q 2021)

Upcoming dividend of US$0.22 per share

Plains GP Holdings, L.P. to Report Q3, 2022 Results on Nov 02, 2022

Plains GP Holdings declares $0.2175 dividend

Investor sentiment deteriorated over the past week

Board Member recently bought US$120k worth of stock

Consensus EPS estimates increase by 22%

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Board Changes, Effective August 15, 2022

Upcoming dividend of US$0.22 per share

Consensus forecasts updated

Plains GP Holdings, L.P. to Report Q2, 2022 Results on Aug 03, 2022

Plains GP Holdings, L.P. Announces Quarterly Distribution with Respect to the Second Quarter of 2022, Payable on August 12, 2022

Plains GP Holdings declares $0.2175 dividend

Consensus revenue estimates increase by 11%

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 13%

Upcoming dividend of US$0.22 per share

Consensus forecasts updated

Plains GP Holdings, L.P., Annual General Meeting, May 25, 2022

Consensus forecasts updated

Plains GP Holdings, L.P. to Report Q1, 2022 Results on May 04, 2022

Consensus revenue estimates increase by 10%

Consensus forecasts updated

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Price target increased to US$14.84

Upcoming dividend of US$0.18 per share

Third quarter 2021 earnings released: US$0.12 loss per share (vs US$0.091 profit in 3Q 2020)

Upcoming dividend of US$0.18 per share

Plains GP Holdings: Cash-Generating Engine Firing Up, Higher Distributions To Follow

Second quarter 2021 earnings released: US$0.36 loss per share (vs US$0.087 profit in 2Q 2020)

Consensus forecasts updated

Upcoming dividend of US$0.18 per share

Plains GP Holdings: The Oil Price Recovery Foretells Higher Earnings And Distributions On The Horizon

First quarter 2021 earnings released: EPS US$0.36 (vs US$3.18 loss in 1Q 2020)

Plains GP Holdings EPS beats by $0.02, beats on revenue

Upcoming dividend of US$0.18 per share

Full year 2020 earnings released: US$3.05 loss per share (vs US$1.97 profit in FY 2019)