---
schema_version: "secwatch.filing_event.v1"
accession: "0001581990-24-000024"
form_type: "8-K"
ticker: "PAGP"
cik: "0001581990"
company_name: "PLAINS GP HOLDINGS LP"
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T02:49:35.039971+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Plains All American Q3 net income $220M, Adj EBITDA $659M; guides toward FY high-end

## Summary
- Q3 net income $220M, up 8% YoY; diluted EPS $0.22 GAAP, adjusted $0.37.
- Adj EBITDA attributable to PAA $659M, flat YoY; distribution raised 19% to $0.3175/unit.
- Leverage ratio 3.0x below 3.25x-3.75x target; Moody's upgraded to Baa2, now mid-BBB.
- FY 2024 Adj EBITDA expected near high-end of $2.725-$2.775B; Adj FCF ~$1.45B.
- Resolved remaining Line 901 claims with $120M GAAP charge; completed small Permian gathering bolt-on.

## SEC filing metadata
- accession: 0001581990-24-000024
- form_type: 8-K
- ticker: PAGP
- cik: 0001581990
- company_name: PLAINS GP HOLDINGS LP
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1581990/000158199024000024/0001581990-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581990/000158199024000024/pagp-20241108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001581990-24-000024
- JSON: https://secwatch.observer/filing/0001581990-24-000024.json
- Plain text: https://secwatch.observer/filing/0001581990-24-000024.txt

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