Plains GP Holdings LP-A 2026年季度报告

FORM10-Q________________________________________________________________________________________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-36132________________________________________________________________ PLAINS GP HOLDINGS, L.P. (Exact name of registrant as specified in its charter) Delaware 90-1005472 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 333 Clay Street, Suite 1600Houston, Texas 77002(Address of principal executive offices) (Zip code)(713) 646-4100(Registrant’s telephone number, including area code)________________________________________________________________ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (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 past 90 days.☑Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).☑Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Acceleratedfiler☐Smallerreportingcompany☐Emerging growthcompany☐ 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 forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).☐Yes☑NoAs of May1, 2026, there were 197,904,124 Class A Shares outstanding. PLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESTABLE OF CONTENTS PARTI. FINANCIAL INFORMATIONItem1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:Condensed Consolidated Balance Sheets: As of March 31, 2026 and December31, 2025Condensed Consolidated Statements of Operations: For the three months ended March 31, 2026 and2025Condensed Consolidated Statements of Comprehensive Income: For the three months ended March 31, 2026and2025Condensed Consolidated Statements of Changes in Accumulated Other Comprehensive Income/(Loss): For the threemonths ended March 31, 2026 and 2025Condensed Consolidated Statements of Cash Flows: For the three months ended March 31, 2026 and 2025Condensed Consolidated Statements of Changes in Partners’ Capital: For the three months ended March 31,2026and2025Notes to the Condensed Consolidated Financial Statements:1. Organization and Basis of Consolidation and Presentation2. Discontinued Operations3. Revenues and Accounts Receivable4. Net Income Per Class A Share5. Inventory, Linefill and Long-term Inventory6. Debt7. Partners’ Capital and Distributions8. Derivatives and Risk Management Activities9. Related Party Transactions10. Commitments and Contingencies11. Segment Information Item2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTSOFOPERATIONSItem3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKItem4. CONTROLS AND PROCEDURES PARTII. OTHER INFORMATIONItem1. LEGAL PROCEEDINGSItem1A. RISK FACTORSItem2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDSItem3. DEFAULTS UPON SENIOR SECURITIESItem4. MINE SAFETY DISCLOSURESItem5. OTHER INFORMATIONItem6. EXHIBITSSIGNATURES PARTI. FINANCIAL INFORMATION Item 1.UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS PLAINS GP HOLDINGS,L.P. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(in millions, except share data) Cash and cash equivalents$172$329Trade accounts receivable and other receivables, net4,8213,598Inventory380211Current assets of discontinued operations (Note 2)602479Other current assets18387Total current assets6,1584,704 Trade accounts payable$4,928$3,457Short-term debt420563Current liabilities of discontinued operations (Note 2)561382Other current liabilities627500Total current liabilities6,5364,902 PARTNERS’ CAPITALClass A shareholders (197,904,124 and 197,904,124 shares outstanding, respectively)1,2741,345Noncontrolling interests12,67812,871Total partners’ capital13,95214,216Total liabilities and partners’ capital$32,760$31,276 PLAINS GP HOLDINGS,L.P. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in millions, except