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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Total revenues $ 16,359 $ 9,930 $ 30,053 $ 18,313
COSTS AND EXPENSES        
Purchases and related costs 15,324 9,277 28,109 16,669
Field operating costs 307 252 653 471
General and administrative expenses 80 74 163 142
Depreciation and amortization 243 197 475 375
(Gains)/losses on asset sales and asset impairments, net (3) 369 (46) 370
Total costs and expenses 15,951 10,169 29,354 18,027
OPERATING INCOME/(LOSS) 408 (239) 699 286
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 104 33 201 121
Interest expense (net of capitalized interest of $1, $5, $2 and $10, respectively) (99) (107) (206) (213)
Other income/(expense), net (118) 84 (155) 23
INCOME/(LOSS) BEFORE TAX 295 (229) 539 217
Current income tax expense (30) (1) (48) (3)
Deferred income tax (expense)/benefit (26) 18 (43) (33)
NET INCOME/(LOSS) 239 (212) 448 181
Net (income)/loss attributable to noncontrolling interests (208) 143 (395) (180)
NET INCOME/(LOSS) ATTRIBUTABLE TO PAGP $ 31 $ (69) $ 53 $ 1
Class A Shares        
OTHER INCOME/(EXPENSE)        
BASIC WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (shares) 194 194 194 194
DILUTED WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (shares) 194 194 194 194
BASIC NET INCOME/(LOSS) PER CLASS A SHARE (usd per share) $ 0.16 $ (0.35) $ 0.27 $ 0
DILUTED NET INCOME/(LOSS) PER CLASS A SHARE (usd per share) $ 0.16 $ (0.35) $ 0.27 $ 0
Product sales revenues        
REVENUES        
Total revenues $ 16,007 $ 9,623 $ 29,388 $ 17,706
Services revenues        
REVENUES        
Total revenues $ 352 $ 307 $ 665 $ 607