Filing Flows › Plains GP Holdings LP (PAGP) › Operating margin
Plains GP Holdings LP (PAGP) operating margin by quarter
Plains GP Holdings LP's operating margin was 2.2% in Q2 2026 (second quarter 2026), -1.0 pts from Q1 2026. Over the last 6 quarters it ranged from 2.2% (Q2 2025) to 4.6% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 2.2% | -1.0 pts | +0.0 pts |
| Q1 2026 | 3.2% | -0.1 pts | -1.4 pts |
| Q4 2025 | 3.4% | -0.8 pts | — |
| Q3 2025 | 4.2% | +1.9 pts | — |
| Q2 2025 | 2.2% | -2.4 pts | — |
| Q1 2025 | 4.6% | — | — |
Q2 2026 at a glance
Plains GP Holdings LP, Q2 2026: revenue $17.7B (+66% year over year), operating margin 2.2%, net earnings $389M, operating cash flow $952M. The chart follows the revenue to costs, profit and cash.
Questions
What is Plains GP Holdings LP's operating margin?
Plains GP Holdings LP's operating margin was 2.2% in Q2 2026 (second quarter 2026), -1.0 pts from Q1 2026.
How has Plains GP Holdings LP's operating margin changed?
Over the last 6 quarters it ranged from 2.2% (Q2 2025) to 4.6% (Q1 2025).