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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Total revenues $ 48,712 $ 57,342 $ 42,078
COSTS AND EXPENSES      
Purchases and related costs 44,531 53,176 38,504
Field operating costs 1,425 1,315 1,065
General and administrative expenses 356 330 298
Depreciation and amortization 1,051 968 777
(Gains)/losses on asset sales and asset impairments, net (Note 6, Note 7) (152) 269 592
Total costs and expenses 47,211 56,058 41,236
OPERATING INCOME 1,501 1,284 842
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities 369 403 274
Gains/(losses) on investments in unconsolidated entities, net (Note 7, Note 8) 28 346 2
Interest expense (net of capitalized interest of $10, $5 and $18, respectively) (386) (405) (425)
Other income/(expense), net 102 (219) 19
INCOME BEFORE TAX 1,614 1,409 712
Current income tax expense (145) (84) (50)
Deferred income tax expense (44) (162) (62)
NET INCOME 1,425 1,163 600
Net income attributable to noncontrolling interests (1,227) (995) (540)
NET INCOME ATTRIBUTABLE TO PAGP $ 198 $ 168 $ 60
Class A Shares      
OTHER INCOME/(EXPENSE)      
Basic weighted average Class A shares outstanding (in shares) 195 194 194
Diluted weighted average Class A shares outstanding (in shares) 195 194 194
Basic net income per Class A share (in dollars per share) $ 1.01 $ 0.86 $ 0.31
Diluted net income per Class A share (in dollars per share) $ 1.01 $ 0.86 $ 0.31
Product sales revenues      
REVENUES      
Total revenues $ 46,974 $ 55,948 $ 40,883
Services revenues      
REVENUES      
Total revenues $ 1,738 $ 1,394 $ 1,195