secwatch.observer — SEC 8-K summary
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Issuer:     PLAINS GP HOLDINGS LP (PAGP)
CIK:        0001581990
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001581990-24-000017
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 Q2 net income $250M, raises FY 2024 EBITDA guidance to $2.75B midpoint
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- Net income $250M ($0.26 diluted EPS), down 15% YoY from $293M ($0.32).
- Adjusted EBITDA attributable to PAA $674M (+13% YoY); FY 2024 guidance raised to $2.725-2.775B.
- Dividend declared $0.3175/unit, up 19% YoY from $0.2675.
- Priced $650M unsecured senior notes at 5.7% due 2034.
- Adjusted Free Cash Flow $421M (excl. A&L changes, incl. bolt-on acquisition capital).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581990/000158199024000017/0001581990-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581990/000158199024000017/pagp-20240802.htm
  HTML page:      https://secwatch.observer/filing/0001581990-24-000017

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