Company: PAGP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001581990-25-000021
Chunk: 114

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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(33)— (33)Total revenues of reportable segments$10,622 $26 $10,648 Intersegment revenues elimination(6)Total revenues$10,642 Three Months Ended June 30, 2024Crude OilNGLTotalRevenues from contracts with customers$12,717 $25 $12,742 Other revenues18 — 18 Total revenues of reportable segments$12,735 $25 $12,760 Intersegment revenues elimination(3)Total revenues$12,757 Six Months Ended June 30, 2025Crude OilNGLTotalRevenues from contracts with customers$22,063 $67 $22,130 Other revenues(2)— (2)Total revenues of reportable segments$22,061 $67 $22,128 Intersegment revenues elimination(9)Total revenues$22,119 

14

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

Six Months Ended June 30, 2024Crude OilNGLTotalRevenues from contracts with customers$24,295 $86 $24,381 Other revenues22 — 22 Total revenues of reportable segments$24,317 $86 $24,403 Intersegment revenues elimination(7)Total revenues$24,396 Minimum Volume Commitments. We have certain agreements that require counterparties to transport or throughput a minimum volume over an agreed upon period. The following table presents counterparty deficiencies associated with contracts with customers and buy/sell arrangements that include minimum volume commitments for which we had remaining performance obligations and the customers still had the ability to meet their obligations (in millions):Counterparty DeficienciesFinancial Statement ClassificationJune 30,2025December 31,2024Billed and collectedOther current liabilities$68 $83 Contract Balances. Our contract balances consist of amounts received associated with services or sales for which we have not yet completed the related performance obligation. The following table presents the changes in the liability balance associated with contracts with customers (in millions): Contract LiabilitiesBalance at December 31, 2024$87 Amounts recognized as revenue(24)Additions14 Balance at June 30, 2025$77 Remaining Performance Obligations. The information below includes the amount of