What move does the options market price into Plains GP's report?

Implied ±1.7%, either direction.

PAGPNasdaqPipe Lines (No Natural Gas)

Plains GP Holdings LP (PAGP) earnings date, market-implied expected move, and options open interest by expiry

27.62

+0.15 · +0.55%

post 27.62 0.00%

Closed16:00 ET

Open27.45Volume3.3MMkt cap$5.4BP/E9.83EPS2.81Div yield4.56%

Day27.45 – 27.8345%52-wk15.78 – 28.6792%

PAGP

Plains GP Holdings LP

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±1.7%implied · report alone

27.1428.08

straddle ±3.4%

spot 27.61exp Nov 20ATM strike 28ATM straddle 1.10IV 22%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 6

before open · in 2 days

est.Q3 FY26

Calendar

Next report

Last report

−0.57%

vs ±1.6% implied · ×0.36

shaded = implied · ▲▼ = realized

Sep 14 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−3.91%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

345 managers

Top fund weight

—

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Plains GP (PAGP) is expected to report on Nov 6 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Sep 14 '26Sep 14 '26confirmed±1.6%▼−0.57%×0.36

quarterimplied−5%0+5%realized×

Sep '26±1.6%▼−0.57%×0.36

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

1.81OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

21,999+2%Nov 2016d12,167−80%

568+99%Dec 1844d0.124,811−1%0.12

9,557+2%Jan 1572d0.5916,237−53%0.59

4,237+23%Feb 19107d0.2914,721+25%0.29

ExpiryPutsCallsP/C

Nov 2016d21,999+2%12,167−80%1.81

Dec 1844d568+99%4,811−1%0.12

Jan 1572d9,557+2%16,237−53%0.59

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No linked exposure.

Linked exposure

Revenue flow

as filedQ2 FY26

10.26%as filednet margin · revenue +41.88% QoQ · +66.26% YoY

Revenue

$17.7B+41.88% QoQ

Gross profit

$1.1B+16.38% QoQ

6.43% margin

Operating income

$397M−1.49% QoQ

2.24% margin

Pre-tax income

$375M+12.61% QoQ

Net income

$1.8B+717.57% QoQ

10.26% margin

Cost of revenue

$16.6B+44.05% QoQ

Operating expenses

$740M+28.92% QoQ

SG&A $439M

Depreciation $242M

Other operating $59M

Other expense

$22M

Tax

$209M+2512.50% QoQ

Revenue$17.7B+41.88%

Gross profit

$1.1B+16.38%

6.43% margin

Operating income

$397M−1.49%

2.24% margin

Pre-tax income

$375M+12.61%

Net income

$1.8B+717.57%

10.26% margin

Cost of revenue

$16.6B+44.05%

Operating expenses

$740M+28.92%

SG&A $439M

Depreciation $242M

Other operating $59M

Other expense

$22M

Tax$209M+2512.50%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.41· ±1.4% vs ±1.0% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.4%13 of 24×1.41

NFPjobs report±1.3%6 of 10×1.29

GDPgross domestic product±1.1%10 of 19×1.04

CPROFcorporate profits±1.0%7 of 12×1.03

PCEpersonal income & outlays±1.0%11 of 19×0.98

CPIconsumer prices±0.8%7 of 10×0.77

PPIproducer prices±0.7%5 of 10×0.71

Bar = avg |move| to ±2% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS 1.97 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	—	1.97	—
Q1 FY26	—	0.10	—
Q3 FY25	—	0.41	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod