Contracts already committed, not just traded today. Puts against calls, sized by expiry.
11,193
▲ 8%
Oct 16
27d
▲ 11%
4,277
19,222
▲ 6%
Nov 20
62d
▲ 1%
48,581
5,239
▲ 17%
Jan 15
118d
▼ 0%
32,635
973
▲ 54%
Feb 19
153d
▲ 3%
10,575
putscalls
Intraday
▼ −0.08% since 9 AM
27.8827.669 AM11 AM1 PM3 PM
27.727.827.827.927.67
High 27.88 at 11:15 am ET, low 27.66 at 9:45 am ET.
Revenue flow
Q2 FY2026 as filed · change vs Q1 FY2026
PAGP kept 10.26% of Q2 FY2026 revenue as profit. Revenue +41.88% on Q1 FY2026, +66.26% on Q2 FY2025.
Revenue
$17.7B▲ +41.88% q/q
Gross profit
$1.1B▲ +16.38% q/q
6.43% margin
Cost of revenue
$16.6B▲ +44.05% q/q
Operating income
$397M▼ −1.49% q/q
2.24% margin
Operating expenses
$740M▲ +28.92% q/q
SG&A $439M
Depreciation $242M
Other operating $59M
Pre-tax income
$375M▲ +12.61% q/q
Net income
$1.8B▲ +717.57% q/q
10.26% margin
Tax
$209M▲ +2512.50% q/q
Other expense
$22M
Revenue$17.7B
Gross profit$1.1B6.43%
Operating income$397M2.24%
Pre-tax income$375M
Net income$1.8B10.26%
Cost of revenue
$16.6B · 93.57%
Operating expenses
$740M · 4.18%
Tax
$209M · 1.18%
Other expense leaves
$22M · 0.12%
Standardized lines from PAGP’s own filing for the quarter ended Jun 30 '26. Ribbon thickness is the dollar amount.
Event sensitivity
release-day history · not a forecast
FOMCrate decision1.4×up 14 of 24±1.4% vs ±1.0% · 24
NFPjobs report1.4×up 5 of 9±1.4% vs ±1.0% · 9
GDPgross domestic product1.0×up 10 of 18±1.1% vs ±1.0% · 18
CPROFcorporate profits1.0×up 7 of 11±1.1% vs ±1.0% · 11
PCEpersonal income & outlays1.0×up 11 of 18±1.0% vs ±1.0% · 18
CPIconsumer prices0.8×up 6 of 9±0.8% vs ±1.0% · 9
PPIproducer prices0.7×up 5 of 9±0.8% vs ±1.0% · 9
Past release days against PAGP’s ordinary ±1.0% day, from our own stored closes. History, not a forecast; kinds with fewer than six releases are omitted.
Earnings history
implied in pale · realized in full ink
0/1reports moved further than the options market had pricedtypically ±0.6% realized vs ±1.6% priced