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Plains GP Holdings LP (Plains GP Holdings LP) EBIT : $2,000 Mil (TTM As of Dec. 2023)


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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 Dec. 2023 was $532 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $2,000 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 Dec. 2023 was 5.81%. Plains GP Holdings LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.23%.

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 Dec. 2023 was 17.71%.


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 2,663.00 -2,171.00 1,137.00 1,814.00 2,000.00

Plains GP Holdings LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 420.00 624.00 484.00 360.00 532.00

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,000 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  (NAS:PAGP) 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 Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=1660 * ( 1 - 12.61% )/( (25126 + 24841)/ 2 )
=1450.674/24983.5
=5.81 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) 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 Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2128/( ( (15905 + max(173, 0)) + (16095 + max(-96, 0)) )/ 2 )
=2128/( ( 16078 + 16095 )/ 2 )
=2128/16086.5
=13.23 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4253 + 617 + 201) - (4146 + 0 + 752)
=173

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3760 + 548 + 155) - (3845 + 0 + 714)
=-96

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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: Dec. 2023 )
=2000/11292.178
=17.71 %

* 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 (Plains GP Holdings LP) Business Description

Traded in Other Exchanges
N/A
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.
Executives
Willie Cw Chiang director, officer: Chairman & CEO 370 17TH STREET, SUITE 2775, DENVER CO 80202
Jeremy L. Goebel officer: EVP & CCO 333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Ellen Desanctis director 12326 OLD OAKS, HOUSTON TX 77024
Kevin S Mccarthy director C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Gary R Petersen director 210 HEDWIG, HOUSTON TX 77019
Victor Burk director C/O ENERVEST MANAGEMENT PARTNERS LTD, 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Lawrence Michael Ziemba director 600 NORTH DAIRY ASHFORD, HOUSTON TX 77079
John T Raymond director THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002
Alexandra Pruner director 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Bobby S Shackouls director 5051 WESTHEIMER, STE 1400, HOUSTON TX 77056-5604
Chris Temple director 3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219
Emg Investment, Llc director, See Remarks 1401 MCKINNEY STREET, SUITE 1025, HOUSTON TX 77010
Robert V Sinnott director 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067
Greg L Armstrong director, 10 percent owner, officer: Chairman & CEO
Harry N Pefanis officer: President & COO 333 CLAY STREET, STE 1600, HOUSTON TX 77002

Plains GP Holdings LP (Plains GP Holdings LP) Headlines

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