Plains GP Holdings LP (OQ:PAGP)

Business Focus: Oil & Gas Transportation Services

Sector:  Energy Industry:  Oil & Gas Transportation Services
 
See Regulatory Filings on SEC
Company Contact
Address: Suite 1600, 333 Clay St
HOUSTON TX 77002
Tel: N/A
Website: https://www.plains.com
IR: See website
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Key People
Wilfred Chiang
Chairman of the Board, Chief Executive Officer of the General Partner
Harry N. Pefanis
President, Director of the General Partner
Aloys P. Swanson
Chief Financial Officer, Executive Vice President of the General Partner
Chris J. Herbold
Senior Vice President, Finance and Chief Accounting Officer of the General Partner
Chris R. Chandler
Chief Operating Officer, Executive Vice President
Richard K. Mcgee
Executive Vice President, General Counsel, Secretary of the General Partner
Jeremy L. Goebel
Executive Vice President, Chief Commercial Officer
   
Business Overview
Plains GP Holdings, L.P. is a limited partnership. The Company owns and operates critical midstream infrastructure systems that connect various producing regions to key demand centers and export terminals. The Company operates through two segments: Crude Oil and Natural Gas Liquids (NGL). The Crude Oil segment operations generally consist of gathering and transporting crude oil using pipelines, gathering systems, trucks and at times on barges or railcars, in addition to providing terminalling, storage and other related services utilizing its integrated assets across the United States and Canada. The NGL segment operations involve natural gas processing and NGL fractionation, storage, transportation and terminalling. The NGL segment is engaged in providing gathering, fractionation, storage, and/or terminalling services to third-party customers for a fee, extracting NGL mix from the gas stream processed at its Empress straddle plant facility as well as acquiring NGL mix.
Financial Overview
For the fiscal year ended 31 December 2023, Plains GP Holdings LP revenues decreased 15% to $48.71B. Net income increased 18% to $198M. Revenues reflect Crude Oil segment decrease of 14% to $47.17B, NGL segment decrease of 30% to $1.94B, United States segment decrease of 10% to $42.31B, Canada segment decrease of 39% to $6.4B. Net income reflects Preferred Distribution Rate Reset Option increase from $189M (expense) to $58M (income).
Employees: 4,200 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $10,846M as of Dec 31, 2023
Annual revenue (TTM): $48,712M as of Dec 31, 2023
EBITDA (TTM): $2,411M as of Dec 31, 2023
Net annual income (TTM): $198.00M as of Dec 31, 2023
Free cash flow (TTM): $1,954M as of Dec 31, 2023
Net Debt Last Fiscal Year: $7,298M as of Dec 31, 2023
Shares outstanding: 772,803,775 as of Feb 16, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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