Company: PAGP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001581990-25-000021
Chunk: 75

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 and variable field costs of operating the crude oil assets, as well as an allocation of indirect operating and general and administrative costs.  

46

The following tables set forth our operating results from our Crude Oil segment:

Operating Results (1)Three Months EndedJune 30,VarianceSix Months EndedJune 30,Variance(in millions)20252024$%20252024$%Revenues$10,622 $12,735 $(2,113)(17)%$22,061 $24,317 $(2,256)(9)%Purchases and related costs(9,742)(11,820)2,078 18 %(20,231)(22,484)2,253 10 %Field operating costs(279)(272)(7)(3)%(571)(538)(33)(6)%Segment general and administrative expenses (2)(75)(72)(3)(4)%(155)(146)(9)(6)%Equity earnings in unconsolidated entities94 106 (12)(11)%196 201 (5)(2)%Other segment items (3):Depreciation and amortization of unconsolidated entities20 17 3 **40 37 3 **Derivative activities and inventory valuation adjustments52 (4)56 **28 34 (6)**Long-term inventory costing adjustments17 4 13 **18 (25)43 **Deficiencies under minimum volume commitments, net(9)7 (16)**(16)(5)(11)**Equity-indexed compensation expense8 10 (2)**18 19 (1)**Foreign currency revaluation9 (2)11 **9 (19)28 **Transaction-related expenses3 — 3 **8 — 8 **Segment amounts attributable to noncontrolling interests in consolidated joint ventures(140)(133)(7)**(265)(261)(4)**Segment Adjusted EBITDA$580 $576 $4 1 %$1,140 $1,130 $10 1 %Maintenance capital expenditures$43 $41 $2 5 %$74 $87 $(13)(15)%

Three Months EndedJune 30,VarianceSix Months EndedJune 30,VarianceAverage Volumes20252024Volumes%20252024Volumes%Crude oil pipeline tariff (by region) (4) (5)