Company: PAGP
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001581990-25-000013
Chunk: 34

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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1)Quarter EndedCash DistributionDistribution per UnitMay 15, 2025 (2)May 1, 2025March 31, 2025$36 $0.615 February 14, 2025January 31, 2025December 31, 2024$36 $0.615 (1)Payable to unitholders of record at the close of business on the applicable Record Date.(2)At March 31, 2025, such amount was accrued as distributions payable in “Other current liabilities” on our Condensed Consolidated Balance Sheet.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 UnitMay 15, 2025 (2)May 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 March 31, 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 three months of 2025 (in millions, except per unit data): DistributionsDistribution per Common UnitCommon UnitholdersTotal Cash DistributionDistribution Payment DateRecord Date (1)Quarter EndedPublicAAPMay 15, 2025May 1, 2025March 31, 2025$179 $88 $267 $0.38 February 14, 2025