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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES        
Total revenues $ 11,602 $ 16,359 $ 23,943 $ 30,053
COSTS AND EXPENSES        
Purchases and related costs 10,544 15,324 21,867 28,109
Field operating costs 333 307 690 653
General and administrative expenses 87 80 174 163
Depreciation and amortization 260 243 517 475
(Gains)/losses on asset sales and asset impairments, net 3 (3) (150) (46)
Total costs and expenses 11,227 15,951 23,098 29,354
OPERATING INCOME 375 408 845 699
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 89 104 178 201
Interest expense (net of capitalized interest of $3, $1, $5, and $2, respectively) (95) (99) (193) (206)
Other income/(expense), net 20 (118) 85 (155)
INCOME BEFORE TAX 389 295 915 539
Current income tax expense (20) (30) (81) (48)
Deferred income tax expense (36) (26) (58) (43)
NET INCOME 333 239 776 448
Net income attributable to noncontrolling interests (285) (208) (659) (395)
NET INCOME ATTRIBUTABLE TO PAGP $ 48 $ 31 $ 117 $ 53
Class A Shares        
OTHER INCOME/(EXPENSE)        
Basic weighted average Class A shares outstanding (shares) 195 194 195 194
Diluted weighted average Class A shares outstanding (shares) 195 194 195 194
Basic net income per Class A share (usd per share) $ 0.25 $ 0.16 $ 0.60 $ 0.27
Diluted net income per Class A share (usd per share) $ 0.25 $ 0.16 $ 0.60 $ 0.27
Product sales revenues        
REVENUES        
Total revenues $ 11,201 $ 16,007 $ 23,145 $ 29,388
Services revenues        
REVENUES        
Total revenues $ 401 $ 352 $ 798 $ 665