---
schema_version: "secwatch.filing_event.v1"
accession: "0001581990-22-000015"
form_type: "8-K"
ticker: "PAGP"
cik: "0001581990"
company_name: "PLAINS GP HOLDINGS LP"
filed_at: "2022-08-03T23:59:59+00:00"
generated_at: "2026-06-24T05:10:16.783508+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Plains GP Q2 net income $203M; raises FY22 Adj. EBITDA guidance to ~$2.375B

## Summary
- Net income attributable to PAA of $203M, vs loss of $220M in Q2 2021; diluted EPS $0.22.
- Adjusted EBITDA attributable to PAA $615M (+7% YoY); full-year guidance raised $100M to ~$2.375B.
- Leverage target of 4.0x by year-end 2022 (previously 4.25x); asset sales target raised to $200M.
- Repurchased $49M of common units in Q2; total repurchases since inception ~$300M.
- Completed $42M bolt-on acquisition of remaining 50% of Advantage JV pipeline in Permian Basin.

## SEC filing metadata
- accession: 0001581990-22-000015
- form_type: 8-K
- ticker: PAGP
- cik: 0001581990
- company_name: PLAINS GP HOLDINGS LP
- filed_at: 2022-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1581990/000158199022000015/0001581990-22-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581990/000158199022000015/pagp-20220803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001581990-22-000015
- JSON: https://secwatch.observer/filing/0001581990-22-000015.json
- Plain text: https://secwatch.observer/filing/0001581990-22-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.