Company: PAGP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001581990-25-000028
Chunk: 33

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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0.17 $1.00 $0.58 Diluted Net Income per Class A ShareNet income attributable to PAGP from continuing operations$62 $1 $119 $70 Net income attributable to PAGP from discontinued operations$21 $32 $79 $44 Incremental net income attributable to PAGP resulting from assumed exchange of AAP Management Units3 — 11 — Net income attributable to PAGP from discontinued operations including incremental net income from assumed exchange of AAP Management Units$24 $32 $90 $44 Basic weighted average Class A shares outstanding198 197 198 197 Dilutive shares resulting from assumed exchange of AAP Management Units35 — 35 — Diluted weighted average Class A shares outstanding233 197 233 197 Diluted Net Income per Class A Share: Continuing operations$0.31 $0.01 $0.60 $0.36 Discontinued operations0.10 0.16 0.39 0.22 Diluted net income per Class A share$0.41 $0.17 $0.99 $0.58 

18

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

Note 5—Inventory, Linefill and Long-term Inventory

 Inventory, linefill and long-term inventory consisted of the following (barrels in thousands and carrying value in millions): September 30, 2025December 31, 2024 VolumesUnit ofMeasureCarryingValuePrice/Unit (1)VolumesUnit ofMeasureCarryingValuePrice/Unit (1)Inventory        Crude oil2,021 barrels$122 $60.37 3,321 barrels$221 $66.55 NGL1,035 barrels51 $49.28 603 barrels26 $43.12 OtherN/A 11 N/AN/A 14 N/AInventory subtotal  184    261  Linefill        Crude oil15,762 barrels932 $59.13 15,463 barrels903 $58.40 NGL32 barrels1 $