Post-earnings recap
Reported
Fri, May 8, 2026
EPS actual
$0.10
EPS est.
$0.61
EPS surprise
-83.74%
1-day move
-1.86%
Plains GP Holdings reported disappointing earnings, significantly missing EPS expectations. The stock reacted negatively, declining by 0.89%. Investors may be concerned about the company's performance given the substantial EPS miss and lack of revenue data.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.10 | $0.67 | -83.74% |
| Revenue | N/A | $12.0B | N/A |
No transcript is on record, and the analysis is based on numerical results only.
Plains GP Holdings L P A (PAGP) operates in the energy sector, focusing on oil and gas storage and transportation. As a key player in the energy infrastructure space, it plays a crucial role in ensuring the efficient movement and storage of hydrocarbons across North America.
Last quarter
In Q4 2025, PAGP reported an EPS of $0.17, significantly missing the estimate of $0.55. The stock reacted negatively, dropping 2.27% the following day.
EPS beat streak
0Q
EPS beat rate
25%
Avg EPS surprise
-38.57%
Avg 1-day reaction
-1.91%
Analysts expect PAGP to report better results this quarter, with a consensus EPS of $0.67 and revenue of $12.0B. However, the company's recent earnings history raises concerns about its ability to meet these expectations.
Bull case
If PAGP can demonstrate improved operational efficiency and cost management, it may exceed EPS expectations and show solid revenue growth, leading to a positive market reaction.
Bear case
Conversely, if the company continues to struggle with profitability and revenue generation, it could miss expectations again, resulting in further stock declines.
Key metrics to watch
Earnings Per Share (EPS)
0.67EPS is a critical measure of profitability, and investors will look for signs of improvement after recent misses.
Revenue
12.0BRevenue reflects the company's ability to generate sales, which is vital for assessing overall business health.
The print will turn on these.
Q1
Will PAGP's EPS exceed the consensus estimate of $0.67?
A beat on EPS would signal improved profitability and could boost investor confidence after recent disappointments.
Q2
What are the revenue expectations for this quarter, given the consensus of $12.0B?
Revenue performance is crucial for assessing the company's overall health and ability to sustain operations.
Est. EPS
$0.44
Est. Rev
$2.3B
Impl. Move
±11.4%
Why consensus could be wrong
The Street may be underestimating the potential for operational improvements that could lead to better-than-expected results this quarter.
Supporting evidence
Recent trends in oil and gas demand suggest a rebound that could positively impact revenue.
The options market indicates heightened volatility, suggesting that traders are anticipating significant news.
PAGP's historical performance shows that it can rebound after a series of misses.
Key risk
If the company reports an EPS above $0.70, it could challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
This quarter's results will be pivotal in determining whether PAGP can recover from its recent earnings misses and regain investor trust.
Bull confirmed if
An EPS of $0.75 or higher would confirm the bull case, indicating strong operational performance.
Bear confirmed if
An EPS below $0.50 would confirm the bear case, suggesting ongoing struggles with profitability.
What the market is pricing for the move.
Implied Move
±3.12%
Historical Avg
±1.9%
The options market is pricing in a potential move of about 3.12%, indicating that traders expect some volatility around the earnings report.
Options are pricing ±3.1% while PAGP has averaged ±1.9% over the last 8 prints — setup is pricing rich.
ATM IV
0.3%
30d HV
21.7%
Smart-money positioning from the most recent 13F filings.
Institutional
84.04%
of float
Insider
2.77%
of float
Holders
416
institutions
Top Holders· as of Jun 2026
Tortoise Capital Advisors, LLC
11,116,796 sh · $291.4M
5.92%
-5.8%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If PAGP beats expectations, history suggests a potential average move of +1.06%, confirming a positive turnaround narrative.
In line / cautious
An in-line report may lead to a muted reaction, as investors await further commentary on future guidance.
Miss
If the company misses expectations, history suggests an average decline of -1.97%, which could further erode investor confidence.
The lines on the call that would change the story.
Energy Income Partners, LLC
9,045,863 sh · $237.1M
4.82%
0.8%
Massachusetts Financial Services Co.
8,930,864 sh · $234.1M
4.76%
-1.5%
Chickasaw Capital Management, LLC
8,630,172 sh · $226.2M
4.60%
-0.5%
Two Sigma Investments, LP
7,199,867 sh · $188.7M
3.83%
0.1%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.