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 |
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 |