Plains GP Holdings LP (PAGP) — Tangible Net Worth Ratio
Plains GP Holdings LP (PAGP) has a Tangible Net Worth Ratio of 89.5% as of June 2026. This metric is calculated by deducting intangible assets ($1.61 Billion) from net assets ($15.31 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Plains GP Holdings LP equity growth rate to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Plains GP Holdings LP Tangible Net Worth Ratio (2011–2025)
This chart shows how Plains GP Holdings LP's Tangible Net Worth Ratio has changed across 15 annual periods from 2011 to 2025. As of June 2026, the ratio stands at 89.5%, reflecting net assets of $15.31 Billion with intangible assets of $1.61 Billion USD. For live market cap and overall valuation, see Plains GP Holdings LP market capitalisation.
Annual Tangible Net Worth Ratio for Plains GP Holdings LP (2011–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Plains GP Holdings LP from 2011 to 2025, covering 15 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore reinvestment intensity of Plains GP Holdings LP to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 87.7% | $14.22 Billion | $1.75 Billion | $31.28 Billion | ▼ -0.6 pp |
| 2024 | 88.3% | $14.32 Billion | $1.68 Billion | $27.76 Billion | ▲ +0.8 pp |
| 2023 | 87.5% | $14.97 Billion | $1.88 Billion | $28.60 Billion | ▲ +2.1 pp |
| 2022 | 85.3% | $14.64 Billion | $2.15 Billion | $29.21 Billion | ▲ +0.6 pp |
| 2021 | 84.7% | $12.81 Billion | $1.96 Billion | $28.61 Billion | ▼ -7.0 pp |
| 2020 | 91.7% | $9.74 Billion | $805.00 Million | $24.50 Billion | ▼ -2.9 pp |
| 2019 | 94.6% | $13.20 Billion | $707.00 Million | $28.68 Billion | ▲ +1.1 pp |
| 2018 | 93.6% | $12.00 Billion | $772.00 Million | $25.51 Billion | ▲ +0.4 pp |
| 2017 | 93.2% | $12.36 Billion | $844.00 Million | $26.75 Billion | ▼ -4.6 pp |
| 2016 | 97.7% | $10.71 Billion | $242.00 Million | $26.10 Billion | ▲ +0.8 pp |
| 2015 | 96.9% | $9.23 Billion | $283.00 Million | $24.14 Billion | ▲ +0.8 pp |
| 2014 | 96.1% | $9.38 Billion | $366.00 Million | $23.98 Billion | ▲ +1.2 pp |
| 2013 | 94.9% | $8.28 Billion | $420.00 Million | $21.45 Billion | ▲ +1.7 pp |
| 2012 | 93.2% | $6.97 Billion | $473.00 Million | $19.26 Billion | ▲ +0.6 pp |
| 2011 | 92.6% | $5.79 Billion | $430.00 Million | $15.41 Billion | — |