Company: PAGP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001581990-25-000028
Chunk: 152

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 152
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 fully depreciated assets in order to maintain the operating and/or earnings capacity of our existing assets are classified as maintenance capital, which is deducted in determining “available cash.” Maintenance capital is reviewed by our CODM on a segment basis. Repair and maintenance expenditures incurred in order to maintain the day to day operation of our existing assets are charged to expense as incurred. Assets are not reviewed by our CODM on a segmented basis; therefore, such information is not presented.

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Table of ContentsPLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The following tables reflect certain financial data from continuing operations for each segment (in millions):Crude OilNGLIntersegmentEliminationTotalThree Months Ended September 30, 2025Revenues (1):Product sales$11,132 $22 $(4)$11,150 Services427 2 (1)428 Total revenues11,559 24 (5)11,578 Significant segment expenses:Purchases and related costs (1)(10,572)(18)5 (10,585)Field operating costs(281)(7)— (288)Segment general and administrative expenses(74)(9)— (83)Total significant segment expenses(10,927)(34)5 (10,956)Equity earnings in unconsolidated entities96 — Other segment items (2):Depreciation and amortization of unconsolidated entities (3)21 — Derivative activities and inventory valuation adjustments (4)(30)— Long-term inventory costing adjustments (5)10 — Deficiencies under minimum volume commitments, net (6)(6)— Equity-indexed compensation expense (7)10 — Foreign currency revaluation (8)(3)— Segment amounts attributable to noncontrolling interests in consolidated joint ventures (10)(137)— Total other segment items(135)— Segment Adjusted EBITDA$593 $(10)Investment and acquisition capital expenditures (11) (12)$305 $— $305 Maintenance capital expenditures (12)$36 $— $36 As of September 30, 2025Investments in unconsolidated entities$2,873 $— $2,873 

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Table of ContentsPLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO