{"schema_version":"secwatch.filing_event.v1","accession":"0001581990-23-000008","form_type":"8-K","ticker":"PAGP","cik":"0001581990","company_name":"PLAINS GP HOLDINGS LP","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.509224+00:00","generated_at":"2026-06-15T16:47:49.729364+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Plains reports Q1 net income $422M, reaffirms 2023 guidance","bullets":["Net income of $422M ($0.52 diluted EPS), up 126% YoY; Adj. EBITDA attributable to PAA $715M.","Free cash flow of $823M including ~$284M asset sales; reduced total debt by ~$450M.","Reaffirms FY2023 Adj. EBITDA guidance of $2.45-2.55B, leverage ~3.5x, distribution coverage ~215%.","Annualized common distribution increased $0.20 to $1.07 per unit (~23% increase).","Generated $743M net cash from operations, up 119% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001581990-23-000008","json":"https://secwatch.observer/filing/0001581990-23-000008.json","markdown":"https://secwatch.observer/filing/0001581990-23-000008.md","text":"https://secwatch.observer/filing/0001581990-23-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1581990/000158199023000008/0001581990-23-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1581990/000158199023000008/pagp-20230505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T16:47:49.729364+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6cb92713aff35a3c97fdc88390650fe0c64508c5","claim":"PLAINS GP HOLDINGS LP reported first-quarter 2023 results: net income $422 million, EPS $0.52. Guidance reaffirmed.","evidence_excerpt":"Plains All American Reports First-Quarter 2023 Results; Reaffirms 2023 Guidance Houston, TX – May 5, 2023 – Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported first-quarter 2023 results and reaffirmed 2023 guidance as highlighted below: First-Quarter Results • Reported Net income attributable to PAA of $422 million and Net cash provided by operating activities of $743 million • Delivered strong Adjusted EBITDA attributable to PAA of $715 million • Generated Free Cash Flow of $823 million, including approximately $284 million of asset sales • Reduced total debt by approximately $450 million • Increased annualized common distribution by $0.20 to $1.07 per unit (~23% increase, paid in February)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1581990/000158199023000008/0001581990-23-000008-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first-quarter 2023"},{"label":"Net income","value":"$422 million"},{"label":"EPS","value":"$0.52"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}