Plains GP Holdings (PAGP) risk factors
Item 1A of every Plains GP Holdings LP 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors68 risks1 dropped7 reworded
Asset integrity and hydrocarbon release disclosures were significantly restructured and swapped with financial counterparty risks. Balance sheet figures for property, equipment, and linefill were updated for 2025.
Filed Feb 27, 2026 - FY2024 10-K risk factors69 risks
PAGP relies entirely on cash distributions from PAA through AAP, exposing shareholders to PAA's operational and financial performance. PAA's business is subject to commodity market fluctuations, midstream competition, environmental and climate risks, and regulatory pressures. The partnership structure grants broad control to the general partner and Legacy Owners while limiting shareholder voting rights and remedies.
Filed Feb 28, 2025