Company: PAGP
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001581990-25-000013
Chunk: 161

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 161
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13)N/AGain on investments in unconsolidated entities(31)— (31)N/ADepreciation and amortization of unconsolidated entities (1)20 19 1 5 %Unallocated general and administrative expenses (2)1 1 — — %Selected Items Impacting Comparability:  Derivative activities and inventory valuation adjustments (34)159 (193)**Long-term inventory costing adjustments(3)(33)30 **Deficiencies under minimum volume commitments, net(7)(12)5 **Equity-indexed compensation expense9 9 — **Foreign currency revaluation— (21)21 **Transaction-related expenses5 — 5 **Selected Items Impacting Comparability - Segment Adjusted EBITDA (3)(30)102 (132)**Foreign currency revaluation (4)— 12 (12)**Selected Items Impacting Comparability - Adjusted EBITDA (5)(30)114 (144)**Adjusted EBITDA (5)$881 $847 $34 4 %Adjusted EBITDA attributable to noncontrolling interests in consolidated joint ventures (6)(127)(129)2 2 %Adjusted EBITDA attributable to PAA$754 $718 $36 5 %

**    Indicates that variance as a percentage is not meaningful.

(1)We exclude our proportionate share of the depreciation and amortization expense (including write-downs related to cancelled projects and impairments) of unconsolidated entities when reviewing Adjusted EBITDA, similar to our consolidated assets.

(2)Represents general and administrative expenses incremental to those of PAA, which are not allocated to our reporting segments in determining Segment Adjusted EBITDA and are excluded in the non-GAAP financial performance measures utilized by management.

(3)For a more detailed discussion of these selected items impacting comparability, see the footnotes to the Segment Adjusted EBITDA Reconciliation table in Note 10 to our Condensed Consolidated Financial Statements.

(4)During the periods presented, there were fluctuations in the value of CAD to USD, resulting in the realization of foreign exchange gains and losses on the settlement of foreign currency transactions as well as the revaluation of monetary assets and liabilities denominated in a foreign currency. The associated gains and losses are not integral to our results and were thus classified as a selected item impacting comparability.

(5)“Other