Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 24

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 24
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 a limited range. The following table presents the amount of consideration associated with remaining performance obligations for the population of contracts with external customers meeting the presentation requirements as of December 31, 2024 (in millions):202520262027202820292030 and ThereafterPipeline revenues supported by minimum volume commitments and capacity agreements (1)$380 $250 $213 $165 $88 $482 Terminalling, storage and other agreement revenues250 213 191 156 124 748 Total$630 $463 $404 $321 $212 $1,230 (1)Calculated as volumes committed under contracts multiplied by the current applicable tariff rate.     The presentation above does not include (i) expected revenues from legacy shippers not underpinned by minimum volume commitments, including pipelines where there are no or limited alternative pipeline transportation options, (ii) intersegment revenues and (iii) the amount of consideration associated with certain income generating contracts, which include a fixed minimum level of service, that are either not within the scope of ASC 606 or do not meet the requirements for presentation as remaining performance obligations. The following are examples of contracts that are not included in the table above because they are not within the scope of ASC 606 or do not meet the requirements for presentation:•Minimum volume commitments on certain of our joint venture pipeline systems; •Acreage dedications;•Buy/sell arrangements with future committed volumes;

F-17

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

•Short-term contracts and those with variable consideration due to the election of practical expedients, as discussed below;•Contracts within the scope of ASC Topic 842, Leases; and•Contracts within the scope of ASC Topic 815, Derivatives and Hedging.We have elected practical expedients to exclude the presentation of remaining performance obligations for variable consideration which relates to wholly unsatisfied performance obligations. Certain contracts do not meet the requirements for presentation of remaining performance obligations due to variability in amount of performance obligation remaining, variability in the timing of recognition or variability in consideration. Acreage dedications require us to perform future services but do not contain a minimum level of services and are therefore excluded from this presentation. Long-term merchant arrangements contain variable timing, volumes and/or consideration and are excluded from this presentation. The duration of these contracts varies across the periods presented above