Plains GP Holdings LP-A 2024年度报告

Form10-K (Mark One) ☑ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF1934For the fiscal year endedDecember 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF1934 Commission file number1-36132 PLAINS GP HOLDINGS,L.P. (Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code:(713)646-4100 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☑No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act. Yes☐No☑ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during thepreceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of RegulationS-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule12b-2 of theExchange Act. Large accelerated filer☑ Non-acceleratedfiler☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflectthe correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☑ The aggregate market value of the approximately 192.0million ClassA shares held by non-affiliates of the registrant (treating all executive officers and directors ofthe registrant and holders of 10% or more of the ClassA shares outstanding, for this purpose, as if they are affiliates of the registrant) on June 28, 2024 was approximately$3.6billion, based on a closing price of $18.82 per ClassA share as reported on the Nasdaq Global Select Market on such date. As of February14, 2025, there were197,743,624ClassA shares outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive Proxy Statement to be filed pursuant to Regulation 14A pertaining to the 2025 Annual Meeting of Shareholders are incorporated byreference into Part III hereof. The registrant intends to file such Proxy Statement no later than 120 days after the end of the fiscal year covered by this Form 10-K. Table of ContentsIndex to Financial Statements PLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESFORM10-K—2024 ANNUAL REPORTTable of Contents PARTI Business and PropertiesRisk FactorsUnresolved Staff CommentsCybersecurityLegal ProceedingsMine Safety Disclosures Items1 and 2.Item1A.Item1B.Item 1C.Item3.Item 4. PARTII Market for Registrant’s Shares, Related Shareholder Matters and Issuer Purchases ofEquitySecurities69Reserved70Management’s Discussion and Analysis of Financial Condition and Results of Operations70Quantitative and Qualitative Disclosures About Market Risk93Financial Statements and Supplementary Data94Changes in and Disagreements With Accountants on Accounting and Financial Disclosure94Controls and Procedures94Other Information95Disclosure Regarding Foreign Jurisdictions that Prevent Inspections95 Item5. Item6.Item7.Item7A.Item8.Item9.Item9A.Item9B.Item 9C. PARTIII Item10.Directors and Executive Officers of Our General Partner and Corporate Governance96Item11.Executive Compensation96Item12.Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters96Item13.Certain Relationships and Related Transactions, and Director Independence97Item14.Principal Accountant Fees and Services97 PARTIV Exhibits and Financial Statement Schedules98Form 10-K Summary103 FORWARD-LOOKING STATEMENTS All statements included in this report, other than statements of historical fact, are forward-looking statements, including butnot limited to statements incorpo