Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 417

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1A
Chunk 417
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 stimulate demand for alternative forms of energy;

•societal and political pressures from various groups, including opposition to the development or operation of PAA’s pipelines and facilities;

•increased concern by financial stakeholders with respect to PAA’s governance structure and the perceived social and environmental cost of PAA’s industry;

•the overall forward market for crude oil and NGL, and certain market structures, the absence of pricing volatility and other market factors;

•an inability to fully implement or realize expected returns or other anticipated benefits associated with acquisitions/divestitures, joint venture and joint ownership arrangements, and other projects;

•entering into new businesses in connection with PAA’s strategy to participate in emerging energy opportunities;

•loss of PAA’s investment grade credit rating or a significant reduction in the ability of PAA to receive open credit;

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Table of ContentsIndex to Financial Statements

•the credit risk of PAA’s customers and other counterparties it transacts with in the ordinary course of business activities;

•tightened capital markets or other factors that increase PAA’s cost of capital or otherwise limit its access to capital;

•the insufficiency of, or non-compliance with, PAA’s risk policies;

•PAA’s insurance coverage may not fully cover its losses and it may in the future encounter increased costs related to, and lack of availability of, insurance;

•trade tariffs, duties, quotas, inflation, supply disruptions or other factors affecting the commodities and materials PAA uses in its business;

•pandemics, epidemics or other public health events;

•PAA’s current or future debt levels, or inability to borrow additional funds or capitalize on business opportunities;

•changes in interest rates and currency exchange rates;

•difficulties recruiting and retaining PAA’s workforce;

•an impairment of long-term assets;

•significant under-utilization of certain assets due to fixed costs incurred to obtain the right to use such assets;

•the cost to repair and maintain PAA’s assets; 

•PAA does not own all of the land on which its pipelines and facilities are located, which could result in disruptions to its operations; and

•the pace of development of natural gas infrastructure could have an adverse impact on expected crude oil production growth in the Permian Basin.

Risks Related to Laws and Regulations Impacting PAA’s Business

PAA’s business may be adversely impacted by existing or new laws, executive orders and regulations relating to protection of the environment and wildlife, operational safety, cross-border import/export and tax matters, financial