Welcome to our dedicated page for PLAINS GP HOLDINGS LP 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.
Plains GP Holdings, L.P. filings document the public-company records of a listed holding entity with indirect interests in Plains All American Pipeline. Disclosures cover PAA's midstream business, including crude oil and natural gas liquids transportation, gathering, storage, terminalling and logistics assets in the United States and Canada.
Forms 8-K and amendments report operating results, material agreements, credit facility amendments, senior note offerings, acquired-business financial statements and pro forma information related to the EPIC Crude Oil Pipeline acquisition. Proxy materials describe annual meeting voting matters, board governance, capital allocation and related shareholder matters, alongside PAGP's Class A securities and capital-structure disclosures.
John T. Raymond, a director of Plains GP Holdings L.P. (PAGP), reported multiple grant and acquisition transactions dated 08/14/2025. The Form 4 shows non-derivative entries for Class A shares acquired via plan-related transactions (codes M) totaling 19,550 Class A equivalent units across two entries (7,650 and 11,900) recorded at $0, increasing his beneficial ownership to 315,394 Class A shares after the transactions. The filing also discloses phantom Class A share awards under the company’s Long-Term Incentive Plan that convert one-for-one to Class A shares when they vest and include dividend equivalent rights payable in cash. One tranche of phantom shares (7,400) vests on 08/14/2026, with a forfeiture condition upon termination except for death, disability or retirement. The Form is signed on 08/18/2025.
Alexandra Pruner, a director of Plains GP Holdings LP (PAGP), reported equity awards and related acquisitions on 08/14/2025. The filing shows grants of Phantom Class A Shares under the company's Long-Term Incentive Plan with associated dividend-equivalent rights payable in cash. Each Phantom share is deliverable for one Class A share when vested. Transactions reported include acquisitions at $0, and the filing shows 80,894 Class A shares beneficially owned following the reported transactions. One tranche of 7,400 Phantom shares becomes exercisable on 08/14/2026, and certain vesting is subject to termination-of-service conditions described in the filing.
Gary R. Petersen, a director of Plains GP Holdings LP (PAGP), reported awards and acquisitions of Class A and Phantom Class A shares on Form 4. On 08/14/2025 he was shown as acquiring 7,650 and 11,900 Class A shares (transaction code M) at $0, bringing his beneficial ownership to 56,244 and then 68,144 Class A shares respectively. The filing also shows grants of Phantom Class A Shares tied to the companys Long-Term Incentive Plan: 7,650 and 11,900 phantom shares effective 08/14/2025 and an additional 7,400 phantom shares granted 08/14/2025 that vest on 08/14/2026; each phantom share converts into one Class A share when vested and includes dividend equivalent rights payable in cash. The phantom shares include a condition that vesting-related delivery may not occur if his service terminates for reasons other than death, disability or retirement.
Kevin S. McCarthy, a director of Plains GP Holdings L.P. (PAGP), reported awards and acquisitions of Class A economic interests under the company's long-term incentive plan. On 08/14/2025 he was reported to have received two issuances recorded as phantom Class A share awards totaling 19,550 phantom shares (7,650 and 11,900) that each convert one-for-one into Class A shares upon vesting and include dividend-equivalent cash rights. The filings show beneficial ownership of Class A shares rising from 136,791 to 148,691 after the reported transactions.
In addition, a separate grant of 7,400 phantom Class A shares was recorded on 08/14/2025 that becomes exercisable on 08/14/2026, with a forfeiture condition on termination of service other than for death, disability or retirement. All reported phantom awards have a $0 exercise price and are disclosed as direct beneficial ownership. The Form 4 was signed on 08/18/2025.
Ellen DeSanctis, a director of Plains GP Holdings L.P. (PAGP), received awards under the company�s Long-Term Incentive Plan on 08/14/2025. The filing reports grants of 7,650 Phantom Class A Shares (deliverable into one Class A share per phantom share) and 7,400 Phantom Class A Shares that vest on 08/14/2026. After the reported transactions, Ms. DeSanctis beneficially owns 37,100 Class A shares directly.
The phantom shares include associated dividend-equivalent rights payable in cash, and one tranche becomes deliverable on vesting; one tranche is subject to a termination-related vesting condition described in the filing.
Victor Burk, a director of Plains GP Holdings LP (PAGP), reported multiple equity awards and acquisitions on 08/14/2025. The filing shows non-derivative acquisitions of 7,650 and 11,900 Class A shares (transaction code M) that increased his beneficial ownership to 31,023 and 42,923 shares respectively. The filing also reports derivative awards of Phantom Class A shares under the company’s Long-Term Incentive Plan: two grants of 7,650 and 11,900 phantom shares (transaction code M) and a grant of 7,400 phantom shares (transaction code A) that become deliverable as one Class A share per phantom share and carry dividend-equivalent cash rights. The phantom shares vest or become deliverable per the plan, with the 7,400 tranche exercisable/settling on 08/14/2026. The form is signed 08/18/2025.
Greg L. Armstrong, identified as a Director of Plains GP Holdings L.P. (PAGP), filed a Form 4 reporting a transaction on 08/11/2025 involving 100,000 Class A shares with transaction code G. The form lists a price of $0 and shows beneficial ownership of 1,765,812 shares following the reported transaction, held directly.
The filing includes no derivative transactions and is signed by Mr. Armstrong on 08/12/2025. His address is shown as Houston, TX.
Plains GP Holdings, L.P. (PAGP) reported total revenues of $10,642 million for the three months ended June 30, 2025, down from $12,757 million a year earlier, with operating income falling to $237 million from $330 million. Net income for the quarter was $283 million, and net income attributable to PAGP was $30 million for the quarter and $114 million for the six months. Cash and cash equivalents totaled $460 million and total assets were $28,300 million.
The company entered a definitive agreement to sell its Canadian NGL Business to Keyera for approximately CAD$5.15 billion (~$3.75 billion), classified as held for sale and discontinued operations and expected to close in Q1 2026. Total debt rose to $8,679 million (senior notes net $8,133 million). The filing discloses an estimated aggregate Line 901 cost of ~$870 million and that $275 million of a $500 million insurance program has been collected. Quarterly Class A distributions remained $0.38 per unit.
Plains GP Holdings, L.P. furnished an update on its business by reporting that it issued a press release covering its second-quarter 2025 financial results. The press release, dated August 8, 2025, is included as Exhibit 99.1 to this report.
The information about results of operations and financial condition is provided under Items 2.02 and 7.01 and is designated as "furnished" rather than "filed" under securities laws, which limits how it is incorporated into other regulatory documents.