Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 130

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 130
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2022$229 Amounts recognized as revenue(42)Additions38 Other3 Balance at December 31, 2023$228 Amounts recognized as revenue(40)Additions33 Other(13)Balance at December 31, 2024$208 Remaining Performance Obligations. The information below includes the amount of consideration allocated to partially and wholly unsatisfied remaining performance obligations under contracts that existed as of the end of the periods and the timing of revenue recognition of those remaining performance obligations. Certain contracts meet the requirements for the presentation as remaining performance obligations. These contracts include a fixed minimum level of service, typically a set volume of service, and do not contain any variability other than expected timing within a limited range. The following table presents the amount of consideration associated with remaining performance obligations for the population of contracts with external customers meeting the presentation requirements as of December 31, 2024 (in millions):202520262027202820292030 and ThereafterPipeline revenues supported by minimum volume commitments and capacity agreements (1)$380 $250 $213 $165 $88 $482 Terminalling, storage and other agreement revenues250 213 191 156 124 748 Total$630 $463 $404 $321 $212 $1,230 (1)Calculated as volumes committed under contracts multiplied by the current applicable tariff rate.     The presentation above does not include (i) expected revenues from legacy shippers not underpinned by minimum volume commitments, including pipelines where there are no or limited alternative pipeline transportation options, (ii) intersegment revenues and (iii) the amount of consideration associated with certain income generating contracts, which include a fixed minimum level of service, that are either not within the scope of ASC 606 or do not meet the requirements for presentation as remaining performance obligations. The following are examples of contracts that are not included in the table above because they are not within the scope of ASC 606 or do not meet the requirements for presentation:•Minimum volume commitments on certain of our joint venture pipeline systems; •Acreage dedications;•Buy/sell arrangements with future committed volumes;

F-17

Table of ContentsIndex to Financial StatementsPLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

•Short-term contracts and those with variable consideration due to the election of practical expedients, as discussed below;•Contracts