Company: PAGP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001581990-25-000021
Chunk: 37

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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$31.25 Linefill subtotal  940    904  Long-term inventory        Crude oil3,529 barrels230 $65.17 3,413 barrels238 $69.73 NGL90 barrels4 $44.44 90 barrels4 $44.44 Long-term inventory subtotal  234    242  Total  $1,325    $1,407  (1)Price per unit of measure is comprised of a weighted average associated with various grades, qualities and locations. Accordingly, these prices may not coincide with any published benchmarks for such products.

Note 6—Debt

     Debt consisted of the following (in millions):June 30,2025December 31,2024SHORT-TERM DEBT  PAA commercial paper notes, bearing a weighted-average interest rate of 4.6% and 4.6%, respectively (1)$462 $393 Other13 14 Total short-term debt475 407 LONG-TERM DEBTPAA senior notes, net of unamortized discounts and debt issuance costs of $50 and $42, respectively (2)8,133 7,141 Other71 70 Total long-term debt8,204 7,211 Total debt (3)$8,679 $7,618 (1)We classified these PAA commercial paper notes as short-term as of June 30, 2025 and December 31, 2024, as these notes were primarily designated as working capital borrowings, were required to be repaid within one year and were primarily for hedged inventory and NYMEX and ICE margin deposits.

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

(2)As of June 30, 2025 and December 31, 2024, PAA classified its $1.0 billion, 4.65% senior notes due October 2025 as long-term based on its ability and intent to refinance the notes on a long-term basis.(3)PAA’s fixed-rate senior notes had a face value of approximately $8.2 billion and $7.2 billion as of June 30, 2025 and December