Every 10-Q that Plains GP Holdings, L.P. (PAGP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PAGP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PAGP filings page.
Plains GP Holdings, L.P. (PAGP) reported sharply higher results for the quarter ended June 30, 2026, largely driven by the sale of its Canadian NGL business. Total revenues from continuing operations were $17.7 billion versus $10.6 billion a year earlier, while income from discontinued operations, net of tax, was $1.65 billion, reflecting a gain on sale of about $1.64 billion.
Net income attributable to PAGP rose to $389 million for the quarter (vs. $30 million), but continuing operations showed a net loss of $74 million, affected by significant tax charges tied to pre-sale restructuring. For the first six months, operating cash flow was $1.37 billion, and total debt fell to $8.44 billion from $11.26 billion, aided by using Canadian NGL sale proceeds to repay a $750 million senior note due 2026 and a $1.1 billion term loan. PAGP maintained a quarterly Class A cash distribution of $0.4175 per share.
Plains GP Holdings reported higher Q1 2026 revenue but sharply lower bottom-line earnings. Total revenues from continuing operations rose to $12.47 billion from $11.48 billion, driven mainly by crude oil sales. Operating income increased to $403 million from $355 million.
However, net income fell to $222 million from $492 million, and net income attributable to Plains GP dropped to $20 million, or $0.10 per Class A share, versus $0.42 a year earlier. Discontinued operations related to the pending sale of the Canadian NGL business produced a $103 million loss, compared with $136 million income in 2025.
The company agreed to sell its Canadian NGL business to Keyera for about CAD$5.15 billion (approximately $3.75 billion), classifying those operations as held for sale and discontinued. It also recorded significant tax effects from Canadian restructuring and booked a $53 million gain on a currency hedge linked to the sale. Cash from operating activities declined to $418 million from $638 million, while total debt was $11.38 billion and total assets $32.76 billion at March 31, 2026.
Plains GP Holdings (PAGP) reported stronger Q3 2025 results and advanced a strategic divestiture. Total revenues were $11,578 million versus $12,456 million a year ago, while operating income rose to $483 million from $195 million on lower field operating costs and a $92 million gain on asset sales.
Net income attributable to PAGP was $83 million (diluted $0.41 per Class A share), up from $33 million (diluted $0.17) in Q3 2024. Year‑to‑date cash from operating activities was $2,147 million, up from $1,758 million, supporting higher cash and equivalents of $1,181 million as of September 30, 2025. Total debt was $9,449 million, reflecting new PAA senior notes issued in January and September and the October 3, 2025 redemption of $1.0 billion 4.65% notes due 2025.
PAGP classified its Canadian NGL business as discontinued operations after signing a definitive agreement to sell it to Keyera for approximately CAD$5.15 billion (about $3.75 billion), with closing expected in the first quarter of 2026, subject to customary approvals. Discontinued operations contributed $76 million of income in Q3. Class A cash distributions were $0.38 per share for each quarter of 2025. Class A shares outstanding were 197,888,124 as of October 31, 2025.
Plains GP Holdings, L.P. (PAGP) reported total revenues of $10,642 million for the three months ended June 30, 2025, down from $12,757 million a year earlier, with operating income falling to $237 million from $330 million. Net income for the quarter was $283 million, and net income attributable to PAGP was $30 million for the quarter and $114 million for the six months. Cash and cash equivalents totaled $460 million and total assets were $28,300 million.
The company entered a definitive agreement to sell its Canadian NGL Business to Keyera for approximately CAD$5.15 billion (~$3.75 billion), classified as held for sale and discontinued operations and expected to close in Q1 2026. Total debt rose to $8,679 million (senior notes net $8,133 million). The filing discloses an estimated aggregate Line 901 cost of ~$870 million and that $275 million of a $500 million insurance program has been collected. Quarterly Class A distributions remained $0.38 per unit.