Plains Historical Income Statement
| PAGP Stock | USD 20.02 0.55 2.82% |
Historical analysis of Plains GP income statement accounts such as Gross Profit of 3.2 B, Other Operating Expenses of 37.1 B, Operating Income of 1 B or Ebit of 2.1 B can show how well Plains GP Holdings performed in making a profits. Evaluating Plains GP income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Plains GP's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Plains GP Holdings latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Plains GP Holdings is a good buy for the upcoming year.
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About Plains Income Statement Analysis
Plains GP Holdings Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Plains GP shareholders. The income statement also shows Plains investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Plains GP Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Plains GP Holdings generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Plains GP Holdings minus its cost of goods sold. It is profit before Plains GP operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Plains GP Holdings. It is also known as Plains GP overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Plains GP Holdings income statement and represents the costs associated with goods and services Plains GP provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from Plains GP's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Plains GP Holdings current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plains GP Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Plains GP's Net Income From Continuing Ops is relatively stable compared to the past year. As of 12/01/2024, Non Operating Income Net Other is likely to grow to about 295.4 M, while Total Revenue is likely to drop slightly above 38.7 B.
| 2022 | 2023 | 2024 (projected) | Interest Expense | 405M | 386M | 425.2M | Depreciation And Amortization | 968M | 1.1B | 607.4M |
Plains GP income statement Correlations
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Plains GP Account Relationship Matchups
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Plains GP income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 440M | 656M | 777M | 968M | 1.1B | 607.4M | |
| Interest Expense | 431M | 425M | 436M | 405M | 386M | 425.2M | |
| Selling General Administrative | 302M | 276M | 298M | 330M | 356M | 338.8M | |
| Total Revenue | 33.7B | 23.3B | 42.0B | 57.3B | 48.7B | 38.7B | |
| Gross Profit | 3.6B | 2.2B | 2.8B | 3.2B | 3.1B | 3.2B | |
| Other Operating Expenses | 31.7B | 22.4B | 40.6B | 55.8B | 47.2B | 37.1B | |
| Operating Income | 2.0B | 589M | 842M | 769M | 1.5B | 1.0B | |
| Ebit | 2.0B | (2.2B) | 1.1B | 1.8B | 2B | 2.1B | |
| Ebitda | 2.4B | (1.5B) | 1.9B | 2.8B | 3.1B | 1.9B | |
| Cost Of Revenue | 30.1B | 21.1B | 39.2B | 54.1B | 45.6B | 35.5B | |
| Total Operating Expenses | 1.6B | 1.4B | 1.4B | 1.6B | 1.6B | 1.6B | |
| Income Before Tax | 2.2B | (2.6B) | 712M | 1.4B | 1.6B | 807.3M | |
| Total Other Income Expense Net | 258M | (224M) | (130M) | 125M | 113M | 132.8M | |
| Net Income | 2.1B | (2.4B) | 600M | 1.2B | 198M | 120.0M | |
| Income Tax Expense | 176M | (167M) | 112M | 246M | 189M | 194.4M | |
| Net Income Applicable To Common Shares | 331M | (568M) | 60M | 168M | 151.2M | 158.8M | |
| Minority Interest | 1.7B | (1.9B) | (540M) | (995M) | (1.1B) | (1.1B) | |
| Net Income From Continuing Ops | 2.1B | (2.4B) | 600M | 1.2B | 1.3B | 1.4B | |
| Non Operating Income Net Other | 412M | 394M | 293M | 184M | 211.6M | 295.4M | |
| Tax Provision | 176M | (167M) | 112M | 246M | 159M | 180M | |
| Net Interest Income | (431M) | (425M) | (436M) | (405M) | (390M) | (409.5M) | |
| Reconciled Depreciation | 604M | 656M | 777M | 968M | 1.0B | 815.1M | |
| Non Recurring | 28M | 3.2B | 592M | 269M | 309.4M | 293.9M |
Pair Trading with Plains GP
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Plains GP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Plains GP will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Plains GP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plains GP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Plains GP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Plains GP Holdings to buy it.
The correlation of Plains GP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Plains GP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plains GP Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Plains GP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Plains Stock Analysis
When running Plains GP's price analysis, check to measure Plains GP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Plains GP is operating at the current time. Most of Plains GP's value examination focuses on studying past and present price action to predict the probability of Plains GP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plains GP's price. Additionally, you may evaluate how the addition of Plains GP to your portfolios can decrease your overall portfolio volatility.