Company: PAGP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001581990-25-000021
Chunk: 191

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 191
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46

The following tables set forth our operating results from our Crude Oil segment:

Operating Results (1)Three Months EndedJune 30,VarianceSix Months EndedJune 30,Variance(in millions)20252024$%20252024$%Revenues$10,622 $12,735 $(2,113)(17)%$22,061 $24,317 $(2,256)(9)%Purchases and related costs(9,742)(11,820)2,078 18 %(20,231)(22,484)2,253 10 %Field operating costs(279)(272)(7)(3)%(571)(538)(33)(6)%Segment general and administrative expenses (2)(75)(72)(3)(4)%(155)(146)(9)(6)%Equity earnings in unconsolidated entities94 106 (12)(11)%196 201 (5)(2)%Other segment items (3):Depreciation and amortization of unconsolidated entities20 17 3 **40 37 3 **Derivative activities and inventory valuation adjustments52 (4)56 **28 34 (6)**Long-term inventory costing adjustments17 4 13 **18 (25)43 **Deficiencies under minimum volume commitments, net(9)7 (16)**(16)(5)(11)**Equity-indexed compensation expense8 10 (2)**18 19 (1)**Foreign currency revaluation9 (2)11 **9 (19)28 **Transaction-related expenses3 — 3 **8 — 8 **Segment amounts attributable to noncontrolling interests in consolidated joint ventures(140)(133)(7)**(265)(261)(4)**Segment Adjusted EBITDA$580 $576 $4 1 %$1,140 $1,130 $10 1 %Maintenance capital expenditures$43 $41 $2 5 %$74 $87 $(13)(15)%

Three Months EndedJune 30,VarianceSix Months EndedJune 30,VarianceAverage Volumes20252024Volumes%20252024Volumes%Crude oil pipeline tariff (by region) (4) (5)        Permian Basin7,223 6,701 522 8 %7,047 6,565 482