SCHEDULE: Energy Income Partners Discloses 4.47% Stake in Plains GP

Energy Income Partners, LLC and its officers have disclosed a 4.47% beneficial ownership stake in Plains GP Holdings, L.P. as of December 31, 2025.

Summary

• Energy Income Partners, LLC (EIP), a registered investment adviser, along with its officers James Murchie, Eva Pao, Saul Ballesteros, and John Tysseland, have reported beneficial ownership of Limited Partnership Interests in Plains GP Holdings, L.P.
• The aggregate amount beneficially owned by the group is 8,854,011 shares.
• This represents 4.47% of the class of securities.
• EIP and its officers hold 1,015,030 shares with sole voting and dispositive power, and 7,838,981 shares with shared voting and dispositive power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a specialized investment firm has taken a significant, passive stake in Plains GP Holdings, L.P., suggesting a belief in the company's long-term value within the energy infrastructure sector.

Positives

• A significant institutional investor, Energy Income Partners, LLC, has taken a substantial position in Plains GP Holdings, L.P., indicating confidence in the company's long-term prospects.
• The investment is stated to be in the ordinary course of business, suggesting a passive, long-term investment strategy rather than an activist one.

Future Outlook

NA

Management Comments

• James Murchie derives beneficial ownership of the shares reported in the 13G filing solely through his service as an officer of EIP.
• Eva Pao derives beneficial ownership of the shares reported in the 13G filing solely through her service as an officer of EIP.
• Saul Ballesteros derives beneficial ownership of the shares reported in the 13G filing solely through his service as an officer of EIP.
• John Tysseland derives beneficial ownership of the shares reported in the 13G filing solely through his service as an officer of EIP.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

StockSavvy.ai notes that Energy Income Partners, LLC specializes in energy infrastructure investments, making their significant stake in Plains GP Holdings, L.P., a midstream energy company, consistent with their investment mandate. This indicates continued institutional interest in the stability and cash flow generation potential of the midstream sector, particularly for established players like Plains GP.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor holding a passive stake may instill confidence and potentially stabilize the stock price.
• Management: The presence of a large, passive institutional investor may encourage management to focus on long-term value creation.

Key Dates

Recommendation

The filing indicates a significant, passive investment by a specialized energy investment firm, suggesting confidence in Plains GP Holdings, L.P. However, as a 13G filing, it does not provide new operational or financial data to warrant a 'buy' or 'sell' recommendation. It primarily confirms institutional interest, supporting a 'hold' position for existing investors and signaling potential stability for those considering the stock.

Keywords

Plains GP Holdings, Energy Income Partners, Limited Partnership Interests, PAGP, Schedule 13G, Beneficial Ownership, Investment Adviser, Energy Sector, Midstream