PAGP completes acquisition of 100% of EPIC Crude Holdings, now operates EPIC Pipeline

PLAINS GP HOLDINGS LP

Purchased 55% from Diamondback/Kinetik (Oct 31) and 45% from Ares (Nov 1) for full ownership.
EPIC Crude 2024 revenue $383M, net loss $47.4M (improved from $77.8M loss in 2023).
Operating income $92.2M in 2024 (up from $55.8M); total assets $2.12B as of Dec 2024.
PAA will serve as operator of the 900-mile EPIC Pipeline linking Permian to Corpus Christi.
Audited financials for 2024/2023 and pro forma combined results filed as exhibits.

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