PAGP (Plains GP Holdings LP) Dividend Payout Ratio: 1.07 (As of Mar. 2026) — 29% Above Median

What is Plains GP Holdings LP Dividend Payout Ratio?

Plains GP Holdings LP PAGP +0.77% 76 Dividend Payout Ratio is 1.07 as of Mar. 2026, which is 29% above its 10-year median of 0.83. GuruFocus rates PAGP with a GF Score™ of 76/100 and a GF Value™ of $19.45 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 433 Oil & Gas companies, Plains GP Holdings LP ranks worse than 87.76% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Plains GP Holdings LP's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.07.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Plains GP Holdings LP is 1.33, which seems too high.

The historical rank and industry rank for Plains GP Holdings LP's Dividend Payout Ratio or its related term are showing as below:

PAGP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.55 Med: 0.83 Max: 6.52
Current: 1.33

During the past 13 years, the highest Dividend Payout Ratio of Plains GP Holdings LP was 6.52. The lowest was 0.55. And the median was 0.83.

PAGP's Dividend Payout Ratio is ranked worse than
87.76% of 433 companies
in the Oil & Gas industry
Industry Median: 0.5 vs PAGP: 1.33

As of today (2026-06-26), the Dividend Yield % of Plains GP Holdings LP is 6.72%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Plains GP Holdings LP was 25.40%. The lowest was 4.75%. And the median was 7.14%.

Plains GP Holdings LP's Dividends per Share for the months ended in Mar. 2026 was $0.42.

During the past 12 months, Plains GP Holdings LP's average Dividends Per Share Growth Rate was 16.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 13.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -6.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Plains GP Holdings LP was 20.80% per year. The lowest was -22.70% per year. And the median was -8.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Plains GP Holdings LP (NAS:PAGP) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Plains GP Holdings LP Dividend Payout Ratio Related Terms

Plains GP Holdings LP Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Plains GP Holdings LP's Dividend Payout Ratio 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.

Plains GP Holdings LP Dividend Payout Ratio Chart

Plains GP Holdings LP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.76

0.83

6.52

1.54

0.99

Plains GP Holdings LP Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															2.24	2.53	0.97	0.95	1.07

PAGP vs HESM, GLNG, INSW: Dividend Payout Ratio Comparison

For the Oil & Gas Midstream subindustry, Plains GP Holdings LP's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Plains GP Holdings LP's Dividend Payout Ratio falls into.

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76GF Score

Plains GP Holdings LP PAGP

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Plains GP Holdings LP Dividend Payout Ratio Calculation

Plains GP Holdings LP's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.52	/	1.54
	=	0.99

Plains GP Holdings LP's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.418	/	0.39
	=	1.07

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.07 mean?

Plains GP Holdings LP (PAGP) has a Dividend Payout Ratio of 1.07 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Plains GP Holdings LP and its competitors. This is 29% above median its historical median of 0.83. Over the past decade, Plains GP Holdings LP's Dividend Payout Ratio has ranged from 0.55 to 6.52. According to the industry distribution chart, Plains GP Holdings LP ranks #380 out of 433 companies in the Oil & Gas industry, placing it in the top 87.8%.

Is Plains GP Holdings LP's Dividend Payout Ratio too high?

Plains GP Holdings LP's current Dividend Payout Ratio of 1.07 is 29% above median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 6.52. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Plains GP Holdings LP's value of 1.07 is 114% above this industry median. Based on the distribution chart, Plains GP Holdings LP ranks #380 out of 433 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Plains GP Holdings LP has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Plains GP Holdings LP's Dividend Payout Ratio compare to HESM and GLNG?

According to the Oil & Gas industry distribution chart, Plains GP Holdings LP ranks #380 out of 433 companies for Dividend Payout Ratio. This places Plains GP Holdings LP in the lower half of its industry. The industry median Dividend Payout Ratio is 0.50. Plains GP Holdings LP's value of 1.07 is 114% above this benchmark. Historically, Plains GP Holdings LP's own Dividend Payout Ratio has ranged from 0.55 to 6.52 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.50, Plains GP Holdings LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Oil & Gas company?

The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plains GP Holdings LP's current Dividend Payout Ratio of 1.07 is 114% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Plains GP Holdings LP and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plains GP Holdings LP's current Dividend Payout Ratio is 1.07, which is 29% above median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Plains GP Holdings LP stock overvalued right now?

Based on GuruFocus' analysis, Plains GP Holdings LP (PAGP) is currently considered Modestly Overvalued. The stock's GF Value™ is $19.45, compared to a current price of $23.70 — trading 21.9% above its estimated fair value. The current Dividend Payout Ratio is 1.07, which is 29% above median its 10-year median of 0.83 and 114% above the Oil & Gas industry median of 0.50. Plains GP Holdings LP's overall GF Score™ is 76/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Plains GP Holdings LP (PAGP), the current Dividend Payout Ratio is 1.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Plains GP Holdings LP (PAGP) Overvalued in 2026?

Based on GuruFocus' analysis, Plains GP Holdings LP stock appears to be overvalued. The current stock price of $23.70 is trading 21.9% above its estimated GF Value™ of $19.45. GuruFocus considers Plains GP Holdings LP to be Modestly Overvalued.

Key valuation signals for PAGP:

Dividend Payout Ratio: 1.07 (29% above median its 10-year median of 0.83)
GF Value™: $19.45 vs. price of $23.70 (21.9% above fair value)
GF Score™: 76/100 with 10 warning signs
Industry Position: 114% above the Oil & Gas median (#380 of 433)

No single metric tells the full story. See the PAGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Plains GP Holdings LP Business Description

Industry Energy Oil & Gas

Comparable Companies HESM GLNG INSW STNG KNTK SUNC DHT TNK NGL FRO TSX:ENB WMB EPD TSX:TRP KMI ET MPLX TRGP OKE LNG

Address 333 Clay Street, Suite 1600, Houston, TX, USA, 77002

Website https://www.plains.com

Plains GP Holdings LP owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), and natural gas. The group manages its operations through two operating segments: Crude Oil segment operations generally consist of gathering and transporting crude oil using pipelines (including gathering systems), trucks, and, at times, on barges or railcars; and NGL segment operations involve NGL storage and terminalling from NGL assets located in the Southwestern United States. It generates the majority of its revenue from the Crude Oil segment. Its geographic markets are the United States and Canada. It generates the majority of its revenue from the United States.

76GF Score

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$23.70

Price

$19.45

GF Value

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