Company: PAGP
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001581990-25-000013
Chunk: 163

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 163
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 EndedMarch 31,Variance(in millions)20252024$%Revenues$11,439 $11,582 $(143)(1)%Purchases and related costs(10,488)(10,665)177 2 %Field operating costs(292)(266)(26)(10)%Segment general and administrative expenses (2)(79)(73)(6)(8)%Equity earnings in unconsolidated entities103 95 8 8 %Other segment items (3):Depreciation and amortization of unconsolidated entities20 19 1 **Derivative activities and inventory valuation adjustments(24)37 (61)**Long-term inventory costing adjustments— (28)28 **Deficiencies under minimum volume commitments, net(7)(12)5 **Equity-indexed compensation expense9 9 — **Foreign currency revaluation— (17)17 **Transaction-related expenses5 — 5 **Segment amounts attributable to noncontrolling interests in consolidated joint ventures(127)(128)1 **Segment Adjusted EBITDA$559 $553 $6 1 %Maintenance capital expenditures$31 $46 $(15)(33)%

37

Three Months EndedMarch 31,VarianceAverage Volumes20252024Volumes%Crude oil pipeline tariff (by region) (4) (5)    Permian Basin6,869 6,428 441 7 %South Texas / Eagle Ford492 378 114 30 %Mid-Continent415 486 (71)(15)%Other1,310 1,308 2 — %Total crude oil pipeline tariff 9,086 8,600 486 6 %

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

(1)Revenues and costs and expenses include intersegment amounts. 

(2)Segment general and administrative expenses reflect direct costs attributable to each segment and an allocation of other expenses to the segments. The proportional allocations by segment require judgment by management and are based on the business activities that exist during each period.

(3)Represents adjustments included in the performance measure utilized by our CODM in the evaluation of segment results. See Note 10 to our Condensed Consolidated Financial Statements for additional discussion of such adjustments.

(4)Average daily volumes in thousands of barrels per day calculated as the total volumes (attributable to our interest for assets owned by