Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
PAGPPlains Gp Holdings Lp
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Plains Gp Holdings Lp made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Plains Gp Holdings Lp filed it, with what each one means in plain English.
As filed with the SEC on Feb 27, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs of running the business: $97
- other income and costs: $0
- income tax: $3
- kept as profit: $0.6
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| REVENUES | |||
| $44.3B▼ 9.5% | $48.9B | $47.3B | |
| COSTS AND EXPENSES | |||
| $40.4B▼ 10% | $45.2B | $43.9B | |
| $1.2B▼ 22% | $1.5B | $1.1B | |
| $348.0M▲ 4.2% | $334.0M | $305.0M | |
| $953.0M▲ 5.8% | $901.0M | $912.0M | |
| −$54.0M | $159.0M | −$152.0M | |
| $42.8B▼ 11% | $48.0B | $46.1B | |
| $1.4B▲ 66% | $862.0M | $1.2B | |
| OTHER INCOME/(EXPENSE) | |||
| $382.0M▼ 15% | $452.0M | $369.0M | |
| $31.0M▲ 107% | $15.0M | $28.0M | |
| −$467.0M▼ 22% | −$382.0M | −$386.0M | |
| $21.0M▲ 31% | $16.0M | $102.0M | |
| $1.4B▲ 45% | $963.0M | $1.4B | |
| −$1.0M▲ 99% | −$82.0M | −$70.0M | |
| −$91.0M▼ 117% | −$42.0M | −$59.0M | |
| $1.3B▲ 55% | $839.0M | $1.2B | |
| $383.0M▲ 66% | $231.0M | $192.0M | |
| $1.7B▲ 58% | $1.1B | $1.4B | |
| −$1.2B▼ 44% | −$800.0M | −$1.1B | |
| −$275.0M▼ 65% | −$167.0M | −$138.0M | |
| −$1.4B▼ 47% | −$967.0M | −$1.2B | |
| $152.0M▲ 290% | $39.0M | $144.0M | |
| $108.0M▲ 69% | $64.0M | $54.0M | |
| $260.0M▲ 152% | $103.0M | $198.0M | |
Split by Class A Shares, Product sales revenues, Services revenues
| Class A Shares | |||
|---|---|---|---|
| Average number of shares (Basic weighted average Class A shares outstanding) | 198.0M shares | 197.0M shares | 195.0M shares |
| Other item (Continuing operations) | $0.77 | $0.19 | $0.74 |
| Businesses being sold or closed (Discontinued operations) | $0.54 | $0.33 | $0.27 |
| Profit per share (basic EPS) (Basic net income per Class A share) | $1.31 | $0.52 | $1.01 |
| Average number of shares, counting promised shares (Diluted weighted average Class A shares outstanding) | 233.0M shares | 232.0M shares | 239.0M shares |
| Per share (Continuing operations) | $0.77 | $0.19 | $0.74 |
| Businesses being sold or closed (Discontinued operations) | $0.53 | $0.32 | $0.26 |
| Profit per share, counting promised shares (diluted EPS) (Diluted net income per Class A share) | $1.30 | $0.51 | $1.00 |
| Product sales revenues | |||
| Sales (Total revenues) | $42.5B | $47.2B | $45.7B |
| Services revenues | |||
| Sales (Total revenues) | $1.8B | $1.7B | $1.6B |
Every line as the company filed it (USD ($), shares in Millions, $ in Millions), shown in full dollars. See this statement on SEC.
Extra: What other gains and losses were there?Statement of comprehensive income: Profit, plus gains and losses that skip the income statement.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Statement of Comprehensive Income | |||
| $1.7B | $1.1B | $1.4B | |
| $187.0M | −$247.0M | $118.0M | |
| $1.9B | $823.0M | $1.5B | |
| −$1.6B | −$789.0M | −$1.3B | |
| $312.0M | $34.0M | $231.0M | |