PAGP

Plains GP Holdings LP

Halal Rating :
Comfortable
Last Price $22.0
Market Cap $4.18b
1D Change

0.0 %

1 Year Change

35.97 %

Next Earnings Date

Yet to be announced

Company Overview

Plains GP Holdings, L.P., together with its subsidiaries, owns and operates midstream energy infrastructure in the United States and Canada. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGLs) The company owns and leased assets comprising 18,300 miles of crude oil and NGL pipelines and gathering systems.

Revenue Sources

Pass

Based on SEC filings and company reports, Plains GP Holdings' revenue primarily comes from energy infrastructure services including transportation, storage, and logistics for crude oil and natural gas liquids. These activities involve real asset exchanges and legitimate business operations rather than gambling or prohibited products. The company's business model is focused on providing essential midstream services in the energy sector.

Reliance on Interest

Pass
Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $12.74b $12.49b - $97.0m 0.00% 0.78%
June 30, 2024 $12.93b $12.66b - $96.0m 0.00% 0.76%
March 31, 2024 $11.99b $11.72b - $95.0m 0.00% 0.81%
Dec. 31, 2023 $12.7b $12.37b - $96.0m 0.00% 0.78%

Analyzing the last four quarters of financial data, interest expenses have been consistent, ranging between $95-97 million per quarter, while total expenses ranged from $11.7-12.7 billion. The interest expense to total expense ratios remain well below the 5% threshold across all quarters examined. The company's interest expenses are incidental to its core operations rather than a material part of its business model.

Operational Ethics

Pass

Based on review of company disclosures and public information, Plains GP Holdings operates primarily in North America, with no identified material ongoing business relationships with Israel or the Chinese Communist Party. The company's operations and partnerships are predominantly focused in the United States and Canada.

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