Company: PAGP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001581990-25-000028
Chunk: 124

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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 income from discontinued operations to income from discontinued operations, net of tax (in millions):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Revenues:Product sales$139 $261 $818 $715 Services37 26 102 102 Total revenues176 287 920 817 Cost and Expenses:Purchases and related costs(7)17 245 247 Field operating costs68 75 190 229 General and administrative expenses10 12 36 41 Depreciation and amortization— 31 57 94 (Gains)/losses on asset sales, net2 1 15 (1)Total costs and expenses73 136 543 610 Income from discontinued operations before tax103 151 377 207 Current income tax expense(7)(16)(61)(71)Deferred income tax (expense)/benefit(20)(21)(35)20 Income from discontinued operations, net of tax$76 $114 $281 $156 

Note 3—Revenues and Accounts Receivable

Revenue RecognitionWe disaggregate our revenues by segment and type of activity. These categories depict how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors.Revenues from Contracts with Customers. The following tables present our revenues from contracts with customers disaggregated by segment and type of activity (in millions):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Crude Oil segment revenues from contracts with customersSales$11,116 $12,046 $32,351 $35,560 Transportation337 321 990 915 Terminalling, Storage and Other84 100 258 286 Total Crude Oil segment revenues from contracts with customers$11,537 $12,467 $33,599 $36,761 Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024NGL segment revenues from contracts with customersSales$22 $19 $88 $101 Terminalling, Storage and Other2 1 4 5 Total NGL segment revenues from contracts with customers$24 $20 $92 $106 

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Table of ContentsPLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO THE UNAUDITED CONDENSE