Company: PAGP
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001581990-25-000013
Chunk: 27

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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208 Amounts recognized as revenue(20)Additions10 Other(6)Balance at March 31, 2025$192 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 March 31, 2025 (in millions):Remainder of 202520262027202820292030 and ThereafterPipeline revenues supported by minimum volume commitments and capacity agreements (1)$276 $258 $219 $174 $99 $487 Terminalling, storage and other agreement revenues196 231 198 157 122 751 Total$472 $489 $417 $331 $221 $1,238 (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, (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;•Short-term contracts and those with variable consideration, due to the election of practical expedients;•Contracts within the scope of ASC Topic 842, Leases; and•Contracts within the scope of ASC Topic 815, Derivatives and Hedging.

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Table of ContentsPLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Trade Accounts Receivable and Other Receivables, Net At