Is Plains GP Holdings, L.P. (PAGP) halal? Halal. Based on AAOIFI screening, Plains GP Holdings, L.P. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 74/100 (Grade: B+).

Plains GP Holdings, L.P.

PAGP: Is Plains GP Holdings, L.P. Halal?

Halal

Plains GP Holdings, L.P.

NASDAQEnergyUS

$24.63

+1.15%

About Plains GP Holdings, L.P.

Plains GP Holdings, L.P., operating primarily through its subsidiary Plains All American Pipeline, L.P., manages and owns vital midstream energy infrastructure across both the United States and Canada. The company's operations are distinctly categorized into two main segments: Crude Oil and Natural Gas Liquids (NGLs). Its activities include the transportation of crude oil and NGLs via an extensive network of pipelines, gathering systems, and a fleet of trucks. As of December 31, 2021, this transportation infrastructure comprised 18,300 miles of crude oil and NGL pipelines and gathering systems, along with 38 million barrels of above-ground tank capacity and 1,275 trailers. Beyond transportation, Plains GP Holdings provides an array of storage, terminalling, and throughput services, predominantly for crude oil, NGLs, and natural gas. Additionally, it offers NGL fractionation and isomerization services, as well as natural gas and condensate processing. The company's robust assets in this area, recorded on December 31, 2021, included approximately 74 million barrels of crude oil storage, 28 million barrels of NGL storage, four natural gas processing facilities, one condensate processing facility, nine fractionation plants, 16 NGL rail terminals, four marine facilities, and 110 miles of associated pipelines. Furthermore, as of the same date, the company held 15 million barrels of crude oil and 2 million barrels of NGL as linefill. It also reported 3 million barrels of crude oil and 1 million barrels of NGL linefill in third-party pipelines and other inventory. Supporting its logistical prowess, the firm utilized 640 trucks, 1,275 trailers, and 3,900 NGL railcars. Plains GP Holdings delivers comprehensive logistics solutions to producers, refiners, and various other clients. PAA GP Holdings LLC functions as the company's general partner. Established in 2013, the company's headquarters are located in Houston, Texas.

Sector: Energy 路 Industry: Oil & Gas Midstream

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
B+

Good

Good compliance with minor concerns

74Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap23.6% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: Q1 2026Source: EDGAR

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Financial Overview

Market Cap

4.9B

Price

$24.63

Sector

Energy

Industry

Oil & Gas Midstream

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Frequently Asked Questions

Is Plains GP Holdings, L.P. (PAGP) halal to invest in?
Based on AAOIFI Standard 21 screening, Plains GP Holdings, L.P. (PAGP) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Plains GP Holdings, L.P. get a B+ compliance rating?
Plains GP Holdings, L.P. (PAGP) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 23.6% (limit 30%); interest-bearing deposits of 7.1% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Plains GP Holdings, L.P.'s Shariah verdict?
Plains GP Holdings, L.P.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Plains GP Holdings, L.P. re-screened for Shariah compliance?
Plains GP Holdings, L.P. (PAGP) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.