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Plains GP Holdings LP (FRA:PG81) EBIT : €1,694 Mil (TTM As of Mar. 2024)


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What is Plains GP Holdings LP EBIT?

Plains GP Holdings LP's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €422 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €1,694 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Plains GP Holdings LP's annualized ROC % for the quarter that ended in Mar. 2024 was 5.51%. Plains GP Holdings LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Plains GP Holdings LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 16.89%.


Plains GP Holdings LP EBIT Historical Data

The historical data trend for Plains GP Holdings LP's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Plains GP Holdings LP EBIT Chart

Plains GP Holdings LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,396.70 -1,784.56 1,006.25 1,712.42 1,834.00

Plains GP Holdings LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 582.82 446.73 337.32 487.84 422.28

Competitive Comparison of Plains GP Holdings LP's EBIT

For the Oil & Gas Midstream subindustry, Plains GP Holdings LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Plains GP Holdings LP's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Plains GP Holdings LP's EV-to-EBIT falls into.



Plains GP Holdings LP EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,694 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Plains GP Holdings LP  (FRA:PG81) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Plains GP Holdings LP's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1357.92 * ( 1 - 7.69% )/( (22779.197 + 22760.8)/ 2 )
=1253.495952/22769.9985
=5.51 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=26223.449 - 3525.865 - ( 415.401 - max(0, 4589.585 - 4507.972+415.401))
=22779.197

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=26302.8 - 3672.64 - ( 307.28 - max(0, 4734.32 - 4603.68+307.28))
=22760.8

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Plains GP Holdings LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1689.12/( ( (14759.115 + max(-88.032000000001, 0)) + (14691.48 + max(71.760000000001, 0)) )/ 2 )
=1689.12/( ( 14759.115 + 14763.24 )/ 2 )
=1689.12/14761.1775
=11.44 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3447.92 + 502.516 + 142.135) - (3525.865 + 0 + 654.738)
=-88.032000000001

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3716.8 + 416.76 + 162.84) - (3672.64 + 0 + 552)
=71.760000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Plains GP Holdings LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1694.176/10032.950
=16.89 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Plains GP Holdings LP EBIT Related Terms

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Plains GP Holdings LP (FRA:PG81) Business Description

Traded in Other Exchanges
Address
333 Clay Street, Suite 1600, Houston, TX, USA, 77002
Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Plains GP Holdings LP (FRA:PG81) Headlines

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