PLAINS GP HOLDINGS LP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44.26B | $48.89B | $47.34B | $57.34B | $42.08B | $23.29B | $33.67B | $34.06B |
| Cost of Revenue | $40.43B | $45.16B | $43.94B | $53.18B | $38.50B | $20.43B | $29.45B | $29.79B |
| Gross Profit | $3.83B | $3.73B | $3.40B | $4.17B | $3.57B | $2.86B | $4.22B | $4.26B |
| Gross Margin | 8.7% | 7.6% | 7.2% | 7.3% | 8.5% | 12.3% | 12.5% | 12.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $348.0M | $334.0M | $305.0M | $330.0M | $298.0M | $276.0M | $302.0M | $320.0M |
| Operating Income | $1.43B | $862.0M | $1.25B | $1.28B | $842.0M | $-2.38B | $1.98B | $2.27B |
| Operating Margin | 3.2% | 1.8% | 2.6% | 2.2% | 2.0% | -10.2% | 5.9% | 6.7% |
| Interest Expense | — | — | $386.0M | $405.0M | $425.0M | $436.0M | $425.0M | $431.0M |
| Pretax Income | $1.40B | $963.0M | $1.36B | $1.41B | $712.0M | $-2.61B | $2.24B | $2.41B |
| Income Tax Expense | $92.0M | $124.0M | $129.0M | $246.0M | $112.0M | $-167.0M | $176.0M | $302.0M |
| Net Income | $260.0M | $103.0M | $198.0M | $168.0M | $60.0M | $-568.0M | $331.0M | $334.0M |
| Net Margin | 0.6% | 0.2% | 0.4% | 0.3% | 0.1% | -2.4% | 1.0% | 1.0% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 197.7M | 197.1M | 194.4M | 194.2M | 194.1M | 182.1M | 159.5M | 157.0M |
| Shares Outstanding (Diluted) | 197.7M | 197.1M | 194.4M | 194.2M | 194.1M | 182.1M | 159.5M | 157.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |