Company: PAGP
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001581990-25-000013
Chunk: 50

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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$— $2,745 

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

Crude OilNGLIntersegmentEliminationTotalThree Months Ended March 31, 2024Revenues (1):Product sales$11,176 $458 $(88)$11,546 Services406 49 (6)449 Total revenues11,582 507 (94)11,995 Significant segment expenses:Purchases and related costs (1)(10,665)(346)94 (10,917)Field operating costs(266)(92)— (358)Segment general and administrative expenses(73)(23)— (96)Total significant segment expenses(11,004)(461)94 (11,371)Equity earnings in unconsolidated entities95 — Other segment items (2):Depreciation and amortization of unconsolidated entities (3)19 — Derivative activities and inventory valuation adjustments (4)37 122 Long-term inventory costing adjustments (5)(28)(5)Deficiencies under minimum volume commitments, net (6)(12)— Equity-indexed compensation expense (7)9 — Foreign currency revaluation (12)(17)(4)Segment amounts attributable to noncontrolling interests in consolidated joint ventures (9)(128)— Total other segment items(120)113 Segment Adjusted EBITDA$553 $159 Investment and acquisition capital expenditures (10) (11)$183 $14 $197 Maintenance capital expenditures (11)$46 $11 $57 As of December 31, 2024Investments in unconsolidated entities$2,811 $— $2,811 (1)Segment revenues include intersegment amounts that are eliminated in purchases and related costs. Intersegment activities are conducted at posted tariff rates where applicable, or otherwise at rates similar to those charged to third parties or rates that we believe approximate market at the time the agreement is executed or renegotiated.(2)Represents adjustments utilized by our CODM in the evaluation of segment results.(3)Includes our proportionate share of the depreciation and amortization expense (including write-downs related to cancelled projects and impairments) of unconsolidated entities.

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Table of ContentsPLAINS GP HOLDINGS,