Research / Stocks / PAGP PAGP Nasdaq CIK 0001581990
PLAINS GP HOLDINGS LP · Pipe Lines (No Natural Gas)
COVERAGE / STANDARD
Latest filing 4 · Aug 17, 2026
Research state Latest filing analysis is current
Last SEC check Sep 13, 2026
Data basis Official SEC · no quote feed Component status Filing Evidence Research Current Official SEC filing history is available
Structured Financials Research Current Validated structured financial research is available
Filing Analysis Research Current No filing analysis job is currently running
Fundamental State Research Current Fundamental State depends on validated comparable financial metrics
RESEARCH SNAPSHOT PLAINS GP HOLDINGS LP's latest supported as-filed period reports revenue of $17.7B , 66.3% above the comparable as-filed period. Every value below links to its SEC accession and metric lineage.
Deterministic / evidence backed Key research observations No material rule-based research observation currently meets GrossPattern's Insight value threshold. Current state, direction, and filing evidence remain available below.
Current configuration / point in time Fundamental state A multidimensional view of the latest comparable filing—not a composite score or recommendation.
Capex intensity 0th Own-history percentile · N=15
Method Level · gp.fundamentals.capex_revenue_ratio
Raw value 0.78% · OPTIONAL
Operating cash generation 47th Own-history percentile · N=15
Method Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue
Raw value 5.38% · OPTIONAL
Revenue growth 100th Own-history percentile · N=11
Method Yoy · gp.fundamentals.revenue
Raw value 66.26% · CORE
Inventory pressure 0th Own-history percentile · N=15
Method Level · gp.fundamentals.inventory_revenue_ratio
Raw value 0.47% · OPTIONAL
Operating margin 20th Own-history percentile · N=15
Method Level · gp.fundamentals.operating_margin
Raw value 2.24% · CORE
Inspect state history and evidence → 5 dimension transitions in this filing Deterministic multi-period research Company direction Business direction, financial quality, capital allocation, and governance evidence remain separate—never collapsed into a recommendation score.
As filed Jun 30, 2026 General Corporate
Capital Allocation 2 evidence-backed dimensions Capex Intensity Inflecting Cash Generation Inflecting [email protected] · 12 historical states · 38% confidenceCompany Direction 5 evidence-backed dimensions Capex Intensity Inflecting Cash Generation Inflecting Growth Inflecting Inventory Pressure Improving Profitability Stable [email protected] · 12 historical states · 38% confidenceFinancial Quality 3 evidence-backed dimensions Cash Generation Inflecting Inventory Pressure Improving Profitability Stable [email protected] · 12 historical states · 38% confidenceGovernance Evidence 3 evidence-backed dimensions Filing Amendments Observed Auditor Changes None Detected Insider Activity Observed [email protected] · 12 historical states · 50% confidenceInterpretation boundary Direction describes measurable company fundamentals. Governance reports observable evidence only; it does not grade management character or predict stock returns.
INSIDER STATE / 90D Recent disclosed activity
Open-market purchases 0
Sales 0
Distinct buyers 0
Repeat buyer NO Conservative Form 4 classification · not a sentiment label Flagship analysis / V3 What changed? The most important deterministic changes, ranked by magnitude, issuer history, persistence, and accounting profile.
Current 10-Q 0001581990-26-000025 6 governed changes · top 6 shown
01
HIGH IMPORTANCE Cash 100TH HISTORICAL PCTL · N=2
Cash & equivalents increased 130.4% Cash & equivalents changed +130.4% from the comparable as-filed period.
Why this ranks here · [email protected] $460.0M → $1.1B Comparable → current
02
HIGH IMPORTANCE Inventory 50TH HISTORICAL PCTL · N=4
Inventory decreased 44.4% Inventory changed -44.4% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
Why this ranks here · [email protected] $151.0M → $84.0M Comparable → current
03
HIGH IMPORTANCE Net Income 100TH HISTORICAL PCTL · N=3
Net income increased 1196.7% Net income changed +1196.7% from the comparable as-filed period.
Why this ranks here · [email protected] $30.0M → $389.0M Comparable → current
04
HIGH IMPORTANCE Operating Income 100TH HISTORICAL PCTL · N=3
Operating income increased 67.5% As-filed financials Financial trajectory Each point keeps the date investors could first observe it and its accession.
As filed Current normalized · later
Capex / revenue 0.78% -25.2% ↓ Capital expenditure $138.0M +6.2% ↑ Cash & equivalents $1.1B +0.0% ↑ Debt $1.1B +0.0% ↑ Free-cash-flow proxy $814.0M +182.6% ↑ Gross margin 8.77% +57.6% ↑ Interest expense $95.0M -75.4% ↓ Inventory $84.0M -77.9% ↓
ACTIVE TRACE Revenue PAGP · as filed with the SEC · reported-date aware
Capex / revenue Q2 / 2026-06-30 0.78% -25.2% sequential point Trace ↗ Evidence inspector
Loading lineage… × Capital expenditure Q2 / 2026-06-30 $138.0M +6.2% sequential point Trace ↗ Evidence inspector
Loading lineage… × Cash & equivalents Q2 / 2026-06-30 $1.1B +0.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Debt Q1 / 2026-03-31 $1.1B +0.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Free-cash-flow proxy Q2 / 2026-06-30 $814.0M +182.6% sequential point Trace ↗ Evidence inspector
Loading lineage… × Gross margin Q3 / 2015-09-30 8.77% +57.6% sequential point Trace ↗ Evidence inspector
Loading lineage… × Interest expense Q1 / 2024-03-31 $95.0M -75.4% sequential point Trace ↗ Evidence inspector
Loading lineage… × Inventory Q2 / 2026-06-30 $84.0M -77.9% sequential point Trace ↗ Evidence inspector
Loading lineage… × Net income Q2 / 2026-06-30 $389.0M +1845.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Operating cash flow Q2 / 2026-06-30 $952.0M +127.8% sequential point Trace ↗ Evidence inspector
Loading lineage… × Operating margin Q2 / 2026-06-30 2.24% +0.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Revenue Q2 / 2026-06-30 $17.7B +41.9% sequential point Trace ↗ Evidence inspector
Loading lineage… × Primary evidence Filing timeline Direct SEC links, filing dates, report periods, and amendment flags.
4 Aug 17, 2026 Period Aug 14, 2026 0001581990-26-000045SEC ↗ 4 Aug 17, 2026 Period Aug 13, 2026 0001581990-26-000043SEC ↗ 4 Aug 17, 2026 Period Aug 13, 2026 0001581990-26-000041SEC ↗ 4 Aug 17, 2026 Period Aug 13, 2026 0001581990-26-000039SEC ↗ 4 Aug 17, 2026 Period Aug 13, 2026 0001581990-26-000037SEC ↗ 4 Aug 17, 2026 Period Aug 13, 2026 0001581990-26-000035SEC ↗ 4 Aug 17, 2026 Period Aug 13, 2026 0001581990-26-000033SEC ↗ Form 4 Insider activity Transaction semantics distinguish purchases, sales, awards, exercises, withholding, and derivatives.
“Insider purchase” rule Code P · non-derivative · acquired · direct ownership · positive price and shares · not amended
Inspectable by design
Every displayed number has a lineage. GrossPattern stores immutable raw artifacts, accession-scoped facts, parser and metric versions, dependency edges, quality state, and channel-specific publication rights. A restricted or unknown ancestor blocks the page and API automatically.
SEC source policy ↗