{"schema_version":"secwatch.filing_event.v1","accession":"0001581990-26-000023","form_type":"8-K","ticker":"PAGP","cik":"0001581990","company_name":"PLAINS GP HOLDINGS LP","filed_at":"2026-08-07T13:15:49+00:00","discovered_at":"2026-08-07T13:17:00.587352+00:00","generated_at":"2026-08-07T13:17:05.824685+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Plains All American Q2 2026: Adjusted EBITDA $738M, up 10% YoY; NGL sale closed","bullets":["Net income attributable to PAA $1.830B incl. ~$1.6B gain from Canadian NGL sale to Keyera (closed May 12, 2026).","Adjusted EBITDA attributable to PAA $738M, +10% YoY; pro forma leverage 3.3x after ~$2.9B debt reduction.","Quarterly distribution raised 10% to $0.4175/unit ($1.67 annualized); implied DCF $0.70/unit.","2026 organic growth capex raised to $400-450M (from $350M) for Cactus III 75 Mb/d expansion; maintenance capex cut to $175M.","Adjusted free cash flow $4.189B, boosted by NGL divestiture proceeds; full-year EBITDA guidance on track."],"urls":{"canonical":"https://secwatch.observer/filing/0001581990-26-000023","json":"https://secwatch.observer/filing/0001581990-26-000023.json","markdown":"https://secwatch.observer/filing/0001581990-26-000023.md","text":"https://secwatch.observer/filing/0001581990-26-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1581990/000158199026000023/0001581990-26-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1581990/000158199026000023/pagp-20260807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-07T13:17:05.824685+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"}