{"schema_version":"secwatch.filing_event.v1","accession":"0001581990-25-000010","form_type":"8-K","ticker":"PAGP","cik":"0001581990","company_name":"PLAINS GP HOLDINGS LP","filed_at":"2025-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.873910+00:00","generated_at":"2026-05-22T01:40:58.571949+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Plains GP Q1 net income $443M, up 67% YoY; distribution raised 20% to $0.38/unit","bullets":["Net income attributable to PAA $443M, up 67% YoY; diluted EPS $0.49 vs $0.29.","Adjusted EBITDA attributable to PAA $754M, up 5% YoY; total Adjusted EBITDA $881M.","Quarterly distribution increased 20% to $0.38/unit ($1.52 annualized), yield ~9%.","Acquired remaining 50% of Cheyenne Pipeline (Feb 28) and Black Knight Permian for ~$55M (May 1).","Leverage ratio 3.3x; placed Fort Saskatchewan debottleneck (30 Mb/d) into service."],"urls":{"canonical":"https://secwatch.observer/filing/0001581990-25-000010","json":"https://secwatch.observer/filing/0001581990-25-000010.json","markdown":"https://secwatch.observer/filing/0001581990-25-000010.md","text":"https://secwatch.observer/filing/0001581990-25-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1581990/000158199025000010/0001581990-25-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1581990/000158199025000010/pagp-20250509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T01:40:58.571949+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}