Plains GP Holdings (PAGP): Solid 2025 Earning, Strategic Shift to Pure-Play Crude Midstream

Plains GP Holdings (NASDAQ:PAGP) is one of the most undervalued stocks under $30 to buy. On February 6, Plains GP reported a solid financial performance for 2025, achieving a Q4 adjusted EBITDA of $738 million and a full-year total of $2.833 billion. The company is currently undergoing a strategic transformation into a pure-play crude oil midstream provider, highlighted by the pending divestiture of its Canadian NGL business to Keyera Corp and the recent acquisition of the Cactus III pipeline.

While the NGL segment faced seasonal volatility due to warm weather, the crude oil segment remained a primary driver of stability, contributing $611 million to the final quarter’s EBITDA. For 2026, the company has set an adjusted EBITDA guidance midpoint of $2.75 billion, which accounts for the anticipated closing of the NGL sale by the end of Q1.

Management is focusing on self-help growth through efficiency initiatives aimed at $100 million in annual cost savings by 2027, with half of that targeted for 2026. Despite expectations for relatively flat Permian Basin production in the coming year, Plains GP Holdings (NASDAQ:PAGP) plans to invest ~$350 million in growth capital to integrate recent acquisitions and enhance connection programs, positioning itself for a resumption of production growth in 2027.

Plains GP Holdings (NASDAQ:PAGP), through its subsidiary, Plains All American Pipeline, owns and operates midstream infrastructure systems in the US and Canada. The company operates in two segments: Crude Oil and Natural Gas Liquids/NGLs.

While we acknowledge the potential of PAGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the

.