Company: PAGP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001581990-25-000028
Chunk: 136

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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(1)Payable to unitholders of record at the close of business on the applicable Record Date.(2)At September 30, 2025, such amount was accrued as distributions payable in “Other current liabilities” on our Condensed Consolidated Balance Sheet.

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

PAA Series B Preferred Unit Distributions. Distributions on PAA’s Series B preferred units accumulate and are payable quarterly in arrears on the 15th day of February, May, August and November. See Note 11 to our Consolidated Financial Statements included in Part IV of our 2024 Annual Report on Form 10-K for additional information regarding PAA Series B preferred unit distributions. The following table details distributions paid or to be paid to PAA’s Series B preferred unitholders (in millions, except per unit data):Series B Preferred UnitholdersDistribution Payment DateRecord Date (1)Distribution PeriodCash Distribution Distribution per UnitNovember 17, 2025 (2)November 3, 2025August 15, 2025 through November 14, 2025$18 $21.93 August 15, 2025August 1, 2025May 15, 2025 through August 14, 2025$18 $22.23 May 15, 2025May 1, 2025February 15, 2025 through May 14, 2025$17 $21.49 February 18, 2025February 3, 2025November 15, 2024 through February 14, 2025$18 $22.73 (1)Payable to unitholders of record at the close of business on the applicable Record Date.(2)At September 30, 2025, approximately $9 million of accrued distributions payable to PAA’s Series B preferred unitholders was included in “Other current liabilities” on our Condensed Consolidated Balance Sheet.PAA Common Unit Distributions. The following table details distributions to PAA’s common unitholders paid during or pertaining to the first nine months of 2025 (in millions, except per unit data): DistributionsDistribution per Common UnitCommon UnitholdersTotal Cash DistributionDistribution Payment DateRecord Date (1)Distribution