Company: PAGP
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001581990-25-000013
Chunk: 119

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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 our assets are classified as investment capital. Capital expenditures made to replace and/or refurbish partially or 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 for each segment (in millions):Crude OilNGLIntersegmentEliminationTotalThree Months Ended March 31, 2025Revenues (1):Product sales$11,008 $596 $(60)$11,544 Services431 42 (6)467 Total revenues11,439 638 (66)12,011 Significant segment expenses:Purchases and related costs (1)(10,488)(339)66 (10,761)Field operating costs(292)(76)— (368)Segment general and administrative expenses(79)(21)— (100)Total significant segment expenses(10,859)(436)66 (11,229)Equity earnings in unconsolidated entities103 — Other segment items (2):Depreciation and amortization of unconsolidated entities (3)20 — Derivative activities and inventory valuation adjustments (4)(24)(10)Long-term inventory costing adjustments (5)— (3)Deficiencies under minimum volume commitments, net (6)(7)— Equity-indexed compensation expense (7)9 — Transaction-related expenses (8)5 — Segment amounts attributable to noncontrolling interests in consolidated joint ventures (9)(127)— Total other segment items(124)(13)Segment Adjusted EBITDA$559 $189 Investment and acquisition capital expenditures (10) (11)$785 $41 $826 Maintenance capital expenditures (11)$31 $10 $41 As of March 31, 2025Investments in unconsolidated entities$2,745 $— $2,745 

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