secwatch.observer — SEC 8-K summary
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Issuer:     PLAINS GP HOLDINGS LP (PAGP)
CIK:        0001581990
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001581990-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581990/000158199022000015/0001581990-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581990/000158199022000015/pagp-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001581990-22-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer