Company: PAGP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001581990-25-000028
Chunk: 60

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 of foreign currency transactions as well as the revaluation of monetary assets and liabilities denominated in a foreign currency. These gains and losses are not integral to our core operating performance and were therefore excluded in determining Segment Adjusted EBITDA.(9)Primarily related to acquisitions completed during the first nine months of 2025. See Note 12 for information regarding these transactions.(10)Reflects amounts attributable to noncontrolling interests in the Permian JV, Cactus II and Red River.(11)Investment capital and acquisition capital expenditures, including investments in unconsolidated entities.(12)These amounts combined represent total capital expenditures.(13)Includes costs recognized during the period related to the Line 901 incident that occurred in May 2015, net of amounts we believe are probable of recovery from insurance. See Note 10 for additional information regarding the Line 901 incident.

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

Segment Adjusted EBITDA ReconciliationThe following table reconciles Segment Adjusted EBITDA to Income from continuing operations, net of tax (in millions): Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Segment Adjusted EBITDA$583 $562 $1,709 $1,681 Total other segment items (1)135 (43)295 177 Unallocated general and administrative expenses (2)(1)(1)(4)(5)Depreciation and amortization(230)(226)(696)(675)(Gains)/losses on asset sales, net92 — 64 (2)Gain on investments in unconsolidated entities, net— — 31 — Interest expense, net(112)(97)(330)(287)Other income, net(9)10 5 14 Income from continuing operations before tax458 205 1,074 903 Income tax expense from continuing operations(30)(18)(76)(106)Income from continuing operations, net of tax$428 $187 $998 $797 (1)See footnotes to the segment financial data tables above for a more detailed discussion of Other segment items.(2)Represents general and administrative expenses incremental to those of PAA, which are not allocated to our reporting segments in determining Segment Adjusted EBITDA.

Note