PAGP (PAGP) Stock Analysis

Verdict: BUY

Robust FCF yield and deep EV/EBITDA discount drive midstream upside, but high leverage and crude volume sensitivity remain key swing risks.

Investment score: 68/100

PAGP offers an attractive 6.70% dividend yield backed by $2.29B in annual free cash flow and a low EV/EBITDA multiple of 4.93x. Despite trading above analyst target consensus ($25.50), strategic Permian/Rockies asset integration and deleveraging support further upside.

Peers

PeerP/EP/BP/SEV/EBITDAROIC %Net margin %
AM25.125.157.6314.010.30
KNTK19.51-3.452.125.440.25
HESM13.699.915.109.650.23
INSW7.082.444.394.500.62
EE24.981.722.9211.000.03

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