secwatch.observer — SEC 8-K summary
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Issuer:     PLAINS GP HOLDINGS LP (PAGP)
CIK:        0001581990
Form:       8-K
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001581990-25-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plains All American Q4 net income $36M; 2025 EBITDA guidance $2.80-2.95B
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- Q4 2024 net income $36M, down 88% YoY; full-year $772M vs $1.23B in 2023.
- Adjusted EBITDA attributable to PAA Q4 $729M, full-year $2.78B, above 2024 guidance top-end.
- 2025 Adjusted EBITDA guidance $2.80-2.95B; distribution raised 20% to $1.52 annualized per unit.
- Closed three bolt-on acquisitions for ~$670M net to PAA, including Ironwood Midstream.
- Issued $1B senior notes at 5.95% due 2035; leverage ratio 3.0x at year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581990/000158199025000003/0001581990-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581990/000158199025000003/pagp-20250207.htm
  HTML page:      https://secwatch.observer/filing/0001581990-25-000003

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