Company: PAGP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001581990-25-000028
Chunk: 34

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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31.25 32 barrels1 $31.25 Linefill subtotal  933    904  Long-term inventory        Crude oil3,640 barrels226 $62.09 3,413 barrels238 $69.73 NGL26 barrels1 $38.46 90 barrels4 $44.44 Long-term inventory subtotal  227    242  Total  $1,344    $1,407  (1)Price per unit of measure is comprised of a weighted average associated with various grades, qualities and locations. Accordingly, these prices may not coincide with any published benchmarks for such products.

Note 6—Debt

     Debt consisted of the following (in millions):September 30,2025December 31,2024SHORT-TERM DEBT  PAA commercial paper notes, bearing a weighted-average interest rate of 4.6% (1)$— $393 PAA senior notes:4.65% senior notes due October 2025 (2)1,000 — Other10 14 Total short-term debt1,010 407 LONG-TERM DEBTPAA senior notes, net of unamortized discounts and debt issuance costs of $62 and $42, respectively (2)8,371 7,141 Other68 70 Total long-term debt8,439 7,211 Total debt (3)$9,449 $7,618 

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

(1)We classified these PAA commercial paper notes as short-term as of December 31, 2024, as these notes were primarily designated as working capital borrowings, were required to be repaid within one year and were primarily for hedged inventory and NYMEX and ICE margin deposits.(2)As of December 31, 2024, PAA classified its $1.0 billion, 4.65% senior notes due October 2025 as long-term based on its ability and intent to refinance the notes on a long-term basis at that time. PAA redeemed these senior notes on October 3, 2025.(3)PAA’s fixed-rate senior notes had