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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Total revenues $ 50,073 $ 48,712 $ 57,342
COSTS AND EXPENSES      
Purchases and related costs 45,560 44,531 53,176
Field operating costs 1,768 1,425 1,315
General and administrative expenses 387 356 330
Depreciation and amortization 1,026 1,051 968
(Gains)/losses on asset sales, asset impairments and other, net (Note 6, Note 7) 160 (152) 269
Total costs and expenses 48,901 47,211 56,058
OPERATING INCOME 1,172 1,501 1,284
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities 452 369 403
Gain on investments in unconsolidated entities, net (Note 7, Note 8) 15 28 346
Interest expense (net of capitalized interest of $9, $10 and $5, respectively) (382) (386) (405)
Other income/(expense), net 17 102 (219)
INCOME BEFORE TAX 1,274 1,614 1,409
Current income tax expense (195) (145) (84)
Deferred income tax expense (9) (44) (162)
NET INCOME 1,070 1,425 1,163
Net income attributable to noncontrolling interests (967) (1,227) (995)
NET INCOME ATTRIBUTABLE TO PAGP $ 103 $ 198 $ 168
Class A Shares      
OTHER INCOME/(EXPENSE)      
Basic weighted average Class A shares outstanding (in shares) 197 195 194
Diluted weighted average Class A shares outstanding (in shares) 197 195 194
Basic net income per Class A share (in dollars per share) $ 0.52 $ 1.01 $ 0.86
Diluted net income per Class A share (in dollars per share) $ 0.52 $ 1.01 $ 0.86
Product sales revenues      
REVENUES      
Total revenues $ 48,254 $ 46,974 $ 55,948
Services revenues      
REVENUES      
Total revenues $ 1,819 $ 1,738 $ 1,394