Company: PAGP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001581990-25-000028
Chunk: 15

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 15
---
Item 1.    UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

PLAINS GP HOLDINGS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share data)

September 30,2025December 31,2024 (unaudited)ASSETS CURRENT ASSETS  Cash and cash equivalents$1,181 $349 Trade accounts receivable and other receivables, net3,623 3,679 Inventory184 261 Current assets of discontinued operations (Note 2)434 415 Other current assets155 72 Total current assets5,577 4,776 PROPERTY AND EQUIPMENT19,678 18,528 Accumulated depreciation(5,535)(5,082)Property and equipment, net14,143 13,446 OTHER ASSETS  Investments in unconsolidated entities2,873 2,811 Intangible assets, net1,570 1,677 Deferred tax asset1,157 1,220 Linefill933 904 Long-term operating lease right-of-use assets, net184 189 Long-term inventory227 242 Long-term assets of discontinued operations (Note 2)2,479 2,349 Other long-term assets, net109 142 Total assets$29,252 $27,756 LIABILITIES AND PARTNERS’ CAPITAL  CURRENT LIABILITIES  Trade accounts payable$3,584 $3,647 Short-term debt1,010 407 Current liabilities of discontinued operations (Note 2)283 350 Other current liabilities482 520 Total current liabilities5,359 4,924 LONG-TERM LIABILITIES  Senior notes, net8,371 7,141 Other long-term debt, net68 70 Long-term operating lease liabilities188 192 Long-term liabilities of discontinued operations (Note 2)597 576 Other long-term liabilities and deferred credits523 537 Total long-term liabilities9,747 8,516 COMMITMENTS AND CONTINGENCIES (NOTE 10)PARTNERS’ CAPITAL  Class A shareholders (197,888,124 and 197,465,699 shares outstanding, respectively)1,345 1,351 Noncontrolling interests12,801 12,965 Total partners