Welcome to our dedicated page for Plains Gp Hldgs L P SEC filings (Ticker: PAGP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Plains GP Holdings, L.P. (PAGP) SEC filings page on Stock Titan provides access to the partnership’s public filings, including current reports on Form 8-K and other documents filed with the U.S. Securities and Exchange Commission. Plains GP Holdings, L.P. is a publicly traded entity that owns an indirect, non-economic controlling general partner interest and an indirect limited partner interest in Plains All American Pipeline, L.P. (PAA), and many of its filings describe activities of PAA and its subsidiaries within PAGP’s consolidated group.
Current reports on Form 8-K for PAGP frequently cover material definitive agreements, debt offerings, credit facilities, acquisitions or dispositions of assets, and results of operations and financial condition. For example, recent 8-K filings describe senior notes offerings by PAA and PAA Finance Corp. under an indenture and supplemental indentures, with details on maturities, interest payments, covenants and events of default. Other 8-Ks discuss purchase and sale agreements and equity purchase agreements related to EPIC Crude Holdings, LP and the EPIC Crude Oil Pipeline, as well as associated credit agreements and financial covenants.
Filings also address executive compensation and retention arrangements, including phantom unit awards tied to PAA common units and distribution equivalent rights, along with vesting conditions based on distributable cash flow per unit or continued service. Results-oriented 8-Ks furnish press releases reporting quarterly financial results for PAGP.
On Stock Titan, these SEC filings are updated from EDGAR and paired with AI-powered summaries that highlight key terms, obligations, covenants and transaction details. Users can quickly see which filings relate to new debt, credit agreements, asset acquisitions, or compensation changes, and then drill into the full text for deeper analysis.
Plains GP Holdings asks shareholders to vote at its May 20, 2026 annual meeting on electing four Class I directors, ratifying PricewaterhouseCoopers as auditor, and approving 2025 executive pay on an advisory basis. The proxy also highlights 2025 strategic moves, including agreeing to sell the Canadian NGL business to Keyera for about $3.75 billion, redeploying expected proceeds into the roughly $2.9 billion EPIC crude system acquisition, and completing about $800 million of bolt-on deals. Management targets about $100 million in cost savings by 2027 and reports 2025 total returns of 14% for PAA and 13% for PAGP, alongside a 10% distribution increase. The filing details a governance structure with a majority-independent board, a strong lead director role, and a pay program where most executive compensation is performance-based.
Plains GP Holdings, L.P. files a shelf registration to offer and sell up to $938,900,000 aggregate offering price of Class A shares representing limited partner interests, to be sold from time to time in one or more offerings.
Sales may be made on a continuous or delayed basis through underwriters, dealers, agents or directly to purchasers; specific terms, pricing and distribution methods will be set forth in prospectus supplements. Net proceeds are intended for general partnership purposes, including purchasing AAP units pursuant to the Omnibus Agreement.
Plains GP Holdings, L.P. files a shelf registration on March 30, 2026 to permit the offer and sale, from time to time, of its Class A shares representing limited partner interests. The prospectus describes general terms; specific offering amounts, prices and distribution methods will be set forth in prospectus supplements.
The filing states proceeds from any Class A share sales will generally be used for general partnership purposes, including investment in the equity of Plains All American Pipeline, L.P. (via AAP under the Omnibus Agreement), repayment of indebtedness, acquisitions, capital expenditures and additions to working capital; the Omnibus Agreement contemplates sequential purchases of AAP units and PAA common units with net proceeds.
Plains GP Holdings, L.P., through subsidiary Plains All American Pipeline, L.P. (PAA), amended two key bank credit facilities with Bank of America and other lenders. On February 26, 2026, PAA entered into a Third Amendment to its Revolver and a Third Amendment to its Hedged Inventory Facility.
The amendments primarily replace Plains Midstream Canada ULC (PMCULC) with Plains Canada Liquid Pipelines ULC (PCLPULC) as a borrower. Commitments to extend credit to PMCULC were terminated, PMCULC was released from its obligations and related collateral liens, and PCLPULC agreed to be bound as if originally a borrower, including granting a security interest under the Hedged Inventory Facility.
The amendments include customary conditions, representations, warranties and ratifications, and confirm that PAA’s guaranty of borrower obligations under the Hedged Inventory Facility remains in full force and effect. Importantly, they do not change aggregate lender commitments, maturity dates, pricing, covenants or other material economic terms of either facility.
Plains GP Holdings, L.P. files its 2025 annual report, outlining a midstream business anchored in a large crude oil platform and an expected exit from most Canadian NGL activities. Plains’ cash flow comes indirectly from Plains All American Pipeline through its interest in Plains AAP.
The report highlights a definitive agreement to sell the Canadian NGL Business to Keyera for about $5.15 billion CAD (about $3.75 billion USD), classified as held for sale and discontinued operations, with closing targeted around the end of first-quarter 2026, subject to regulatory approvals.
Plains details a vast crude oil network of roughly 20,405 miles of pipelines and gathering systems and 76 million barrels of commercial storage, heavily concentrated in the Permian Basin and key hubs like Cushing, St. James and Corpus Christi. The business is organized into Crude Oil and NGL segments, with the Canadian NGL Business reported separately.
Financial strategy centers on maintaining investment-grade credit metrics, including target leverage of 3.25x–3.75x (debt plus 50% preferred ÷ Adjusted EBITDA) and long‑term debt‑to‑capitalization near or below 50%. For 2026, Plains plans about $440 million of investment capital (approximately $350 million net) and $185 million of maintenance capital, roughly half directed to Permian JV assets.
Plains GP Holdings, L.P. received a beneficial ownership report from Energy Income Partners, LLC and several of its principals for its limited partnership interests. They report beneficial ownership of 8,854,011 units, representing 4.47% of the class as of 12/31/2025.
The group reports sole voting and dispositive power over 1,015,030 units and shared voting and dispositive power over 7,838,981 units
Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) reported strong fourth-quarter and full-year 2025 results and issued 2026 guidance. Net income attributable to PAA was $342 million for the quarter and $1.435 billion for 2025, with net cash provided by operating activities of $785 million for the quarter and $2.936 billion for the year.
Full-year 2025 Adjusted EBITDA attributable to PAA reached $2.833 billion, modestly above 2024. Crude oil Adjusted EBITDA grew, while NGL Adjusted EBITDA declined, reflecting weaker NGL volumes and frac spreads. PAA’s year-end 2025 pro forma leverage ratio was 3.9x, with management expecting it to move back toward the 3.25x–3.75x target range after the planned Canadian NGL business divestiture.
For 2026, PAA targets Adjusted EBITDA attributable to PAA at a midpoint of $2.75 billion ± $75 million, including one quarter of $100 million NGL contribution, and expects approximately $1.80 billion in Adjusted Free Cash Flow excluding changes in assets and liabilities and NGL sale proceeds. The annualized distribution will rise by $0.15 to $1.67 per unit, a 10% increase versus 2025, and the distribution coverage threshold is being reduced from 160% to 150%.
Plains GP Holdings, L.P. received an updated ownership report from Massachusetts Financial Services Company (MFS) on a Schedule 13G/A. MFS reports beneficial ownership of 9,537,077 shares of Plains GP common stock, representing 4.8% of the class as of the event date.
MFS reports sole power to vote 9,516,370 shares and sole power to dispose of 9,537,077 shares, with no shared voting or dispositive power. MFS certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.