Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 357

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 357
---
 and maintenance investments, which act to partially offset the aging and wear and tear in the value of our principal fixed assets. These maintenance investments are a component of field operating costs included in Segment Adjusted EBITDA or in maintenance capital, depending on the nature of the cost. Capital expenditures made to expand the existing operating and/or earnings capacity of our assets are classified as investment capital. Capital expenditures made to replace and/or refurbish partially or fully depreciated assets in order to maintain the operating and/or earnings capacity of our existing assets are classified as maintenance capital. Maintenance capital is reviewed by our CODM on a segment basis. Repair and maintenance expenditures incurred in order to maintain the day to day operation of our existing assets are charged to expense as incurred. Assets are not reviewed by our CODM on a segmented basis; therefore, such information is not presented.

F-56

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

The following tables reflect certain financial data for each segment (in millions):Crude OilNGLIntersegmentEliminationTotalYear Ended December 31, 2024Revenues (1):Product sales$47,034 $1,569 $(349)$48,254 Services1,686 155 (22)1,819 Total revenues$48,720 $1,724 $(371)$50,073 Significant segment expenses:Purchases and related costs (1)$(45,033)$(898)$371 $(45,560)Field operating costs(1,440)(328)— (1,768)Segment general and administrative expenses(298)(83)— (381)Total significant segment expenses$(46,771)$(1,309)$371 $(47,709)Equity earnings in unconsolidated entities$452 $— Other segment items (2):Depreciation and amortization of unconsolidated entities (3)84 — Derivative activities and inventory valuation adjustments (4)5 80 Long-term inventory costing adjustments (5)1 (10)Deficiencies under minimum volume commitments, net (6)(31)— Equity-indexed compensation expense (7)36 — Foreign currency revaluation (8)(22)(5)Line 901 incident (9)345 — Segment amounts attributable to noncontrolling interests in consolidated joint ventures (10)(543)— Total