Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 145

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 145
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BridgeTex Pipeline Company, LLC (“BridgeTex”)Crude Oil Pipeline20%$403 $363 Capline Pipeline Company LLC (“Capline”) (2)Crude Oil Pipeline54%501 535 Diamond Pipeline LLCCrude Oil Pipeline50%440 450 Eagle Ford Pipeline LLCCrude Oil Pipeline50%364 370 Eagle Ford Terminals Corpus Christi LLCCrude Oil Terminal and Dock50%113 116 Saddlehorn Pipeline Company, LLC (“Saddlehorn”)Crude Oil Pipeline40%275 192 White Cliffs Pipeline, L.L.C.Crude Oil Pipeline36%123 138 Wink to Webster Pipeline LLC (“W2W Pipeline”) (3)Crude Oil Pipeline17%393 380 Other investments199 276 Total Investments in Unconsolidated Entities$2,811 $2,820 (1)The financial results from these entities are reported in our Crude Oil segment.

F-26

Table of ContentsIndex to Financial StatementsPLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(2)Although we own more than 50% of Capline, we use the equity method to account for the investment because the other joint venture members still retain substantive participating rights.(3)Although we own less than 20% of W2W Pipeline, we use the equity method to account for the investment because we believe we have significant influence over the financial and operating decisions of the company.AcquisitionsDuring 2024, we acquired the remaining 50% interest in Midway (which was previously presented in “Other investments” in the table above). Prior to our acquisition, our 50% interest in Midway was accounted for as an equity method investment. In addition, during 2024, we acquired additional interests in W2W Pipeline and Saddlehorn, which we continue to account for as equity method investments. See Note 7 for additional information regarding these transactions.During the fourth quarter of 2022, through a non-monetary transaction, we acquired an additional interest in OMOG in exchange for the contribution of portions of two pipeline systems. After the transaction, our ownership interest in OMOG increased to 57% from 40%. Subsequent to this transaction, we continued to account for OMOG as an equity method investment because the joint venture partner still retained substantive participating rights. The transaction resulted in