secwatch.observer — SEC 8-K summary
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Issuer:     PLAINS GP HOLDINGS LP (PAGP)
CIK:        0001581990
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001581990-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plains GP reports Q4 net income $312M, Adj. EBITDA $737M; guides 2024 Adj. EBITDA $2.625-2.725B
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- Q4 2023 net income attributable to PAA $312M (+19% YoY); diluted EPS $0.35 GAAP, $0.42 adjusted.
- Full-year Adj. EBITDA attributable to PAA $2.711B above guidance; 2024 guidance $2.625-2.725B.
- Board approved 19% distribution increase to $1.27/unit annualized, payable from Feb 2024.
- 2024 expected Adj. FCF (excl. changes in A&L) $1.65B; after distributions ~$500M.
- Year-end leverage 3.1x; 2024 capital plan: investment $375M, maintenance $230M net to PAA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581990/000158199024000003/0001581990-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581990/000158199024000003/pagp-20240209.htm
  HTML page:      https://secwatch.observer/filing/0001581990-24-000003

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