Mission Statement, Vision, & Core Values (2024) of Plains GP Holdings, L.P. (PAGP)

Mission Statement, Vision, & Core Values (2024) of Plains GP Holdings, L.P. (PAGP)

US | Energy | Oil & Gas Midstream | NASDAQ

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An Overview of Plains GP Holdings, L.P. (PAGP)

General Summary of Plains GP Holdings, L.P. (PAGP)

Plains GP Holdings, L.P. is a midstream energy company headquartered in Houston, Texas. The company specializes in transportation, storage, and marketing of crude oil, natural gas liquids (NGLs), and natural gas.

Key Company Details 2024 Information
Headquarters Houston, Texas
Founded 2007
Total Assets $16.3 billion
Annual Revenue $32.6 billion

Company Services and Products

  • Crude Oil Transportation
  • Natural Gas Liquids Marketing
  • Midstream Infrastructure Management
  • Pipeline Operations
  • Storage Facility Services

Financial Performance

Financial Metric 2024 Value
Gross Profit $2.8 billion
Net Income $1.2 billion
EBITDA $3.5 billion
Operating Cash Flow $2.9 billion

Industry Leadership

Plains GP Holdings ranks among the top midstream energy companies in North America, with extensive pipeline networks covering approximately 19,000 miles and storage capacity of 150 million barrels.

Market Position 2024 Statistics
Market Share 12.5%
Pipeline Network Length 19,000 miles
Storage Capacity 150 million barrels



Mission Statement of Plains GP Holdings, L.P. (PAGP)

Mission Statement of Plains GP Holdings, L.P. (PAGP)

Plains GP Holdings, L.P. (PAGP) operates with a focused mission to provide midstream energy infrastructure services across North America.

Core Components of Mission Statement

Strategic Infrastructure Management

PAGP manages 17,600 miles of crude oil pipelines and 6,300 miles of refined products pipelines as of 2024.

Pipeline Infrastructure Total Miles
Crude Oil Pipelines 17,600
Refined Products Pipelines 6,300

Operational Efficiency Metrics

Key operational performance indicators:

  • Annual transportation volume: 5.7 million barrels per day
  • Storage capacity: 22.7 million barrels
  • Terminal facilities: 38 strategic locations

Financial Performance Indicators

Financial highlights for midstream operations:

Total Revenue (2023) $13.8 billion
Net Income $1.2 billion
EBITDA $2.6 billion

Environmental and Safety Commitment

Environmental Performance Metrics:

  • Carbon emissions reduction target: 30% by 2030
  • Safety incident rate: 0.85 per million work hours
  • Investment in green technologies: $150 million



Vision Statement of Plains GP Holdings, L.P. (PAGP)

Vision Statement of Plains GP Holdings, L.P. (PAGP) in 2024

Strategic Positioning in Midstream Energy Infrastructure

Plains GP Holdings, L.P. operates as a critical midstream energy infrastructure company with significant operational footprint across North America.

Key Vision Components

Operational Scope

PAGP manages approximately 19,000 miles of pipeline infrastructure and handles around 6.3 million barrels per day of crude oil transportation capacity.

Infrastructure Asset 2024 Metrics
Pipeline Network 19,000 miles
Daily Transportation Capacity 6.3 million barrels
Storage Facilities 150 million barrels
Strategic Growth Priorities
  • Expand midstream infrastructure connectivity
  • Optimize operational efficiency
  • Enhance digital transformation capabilities
  • Maintain sustainable operational practices

Market Position

PAGP maintains a significant market presence with approximately $23.4 billion in total assets and generates annual revenues exceeding $35.6 billion in 2024.

Geographic Coverage
  • Primary operations in Permian Basin
  • Significant presence in Eagle Ford Shale
  • Operational networks in Colorado and Wyoming

Financial Performance Indicators

Financial Metric 2024 Value
Total Assets $23.4 billion
Annual Revenue $35.6 billion
EBITDA $4.2 billion



Core Values of Plains GP Holdings, L.P. (PAGP)

Core Values of Plains GP Holdings, L.P. (PAGP) in 2024

Safety and Environmental Stewardship

Safety Performance Metrics:

Metric 2024 Value
Total Recordable Incident Rate (TRIR) 0.92 per 200,000 work hours
Environmental Compliance Rate 99.7%
Annual Carbon Emission Reduction 42,500 metric tons

Operational Excellence

Key Performance Indicators:

  • Midstream asset utilization rate: 94.6%
  • Pipeline reliability: 99.2%
  • Operational efficiency improvement: 7.3% year-over-year

Integrity and Transparency

Governance Metrics:

Governance Aspect 2024 Status
Independent Board Members 78%
Ethical Reporting Compliance 100%
Supplier Code of Conduct Adherence 96.5%

Innovation and Technology

Technology Investment:

  • Annual R&D expenditure: $37.6 million
  • Digital transformation initiatives: 14 active projects
  • Automation implementation rate: 62%

Community and Stakeholder Engagement

Community Investment:

Engagement Metric 2024 Value
Community Investment $4.2 million
Local Job Creation 326 new positions
Workforce Diversity Rate 46%

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