Company: PAGP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001581990-25-000021
Chunk: 155

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 155
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31)— (31)N/ADepreciation and amortization of unconsolidated entities (3)20 17 3 18 %40 37 3 8 %Unallocated general and administrative expenses (4)2 2 — — %3 3 — — %Selected Items Impacting Comparability (1):    Derivative activities and inventory valuation adjustments 8 24 (16)**(27)184 (211)**Long-term inventory costing adjustments19 10 9 **17 (24)41 **Deficiencies under minimum volume commitments, net(9)7 (16)**(16)(5)(11)**Equity-indexed compensation expense8 10 (2)**18 19 (1)**Foreign currency revaluation12 (3)15 **11 (24)35 **Transaction-related expenses3 — 3 **8 — 8 **Selected Items Impacting Comparability - Segment Adjusted EBITDA (1) (5)41 48 (7)**11 150 (139)**Foreign currency revaluation (6)(3)(4)1 **(2)7 (9)**Selected Items Impacting Comparability - Adjusted EBITDA (1) (7)38 44 (6)**9 157 (148)**Adjusted EBITDA (1) (7)$812 $807 $5 1 %$1,693 $1,654 $39 2 %Adjusted EBITDA attributable to noncontrolling interests in consolidated joint ventures (8)(140)(133)(7)(5)%(267)(263)(4)(2)%Adjusted EBITDA attributable to PAA (1)$672 $674 $(2)— %$1,426 $1,391 $35 3 %

**    Indicates that variance as a percentage is not meaningful.

(1)Includes results from continuing operations and discontinued operations.

(2)See Note 2 to our Condensed Consolidated Financial Statements for additional information.

45

(3)We exclude our proportionate share of the depreciation and amortization expense (including write-downs related to cancelled projects and impairments) of unconsolidated entities when reviewing Adjusted EBITDA, similar to our consolidated assets.

(4)Represents general and administrative expenses incremental to those of PAA, which are not