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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES    
Total revenues $ 12,011 $ 11,995
COSTS AND EXPENSES    
Purchases and related costs 10,761 10,917
Field operating costs 368 358
General and administrative expenses 101 97
Depreciation and amortization 262 254
Gain on asset sales, net (13)  
Total costs and expenses 11,479 11,626
OPERATING INCOME 532 369
OTHER INCOME/(EXPENSE)    
Equity earnings in unconsolidated entities 103 95
Gain on investments in unconsolidated entities, net 31  
Interest expense (net of capitalized interest of $2 and $2, respectively) (107) (95)
Other income/(expense), net 6 (5)
INCOME BEFORE TAX 565 364
Current income tax expense (46) (53)
Deferred income tax (expense)/benefit (27) 25
NET INCOME 492 336
Net income attributable to noncontrolling interests (408) (294)
NET INCOME ATTRIBUTABLE TO PAGP $ 84 $ 42
Class A Shares    
OTHER INCOME/(EXPENSE)    
Basic weighted average Class A shares outstanding (shares) 198 197
Diluted weighted average Class A shares outstanding (shares) 198 197
Basic net income per Class A share (usd per share) $ 0.42 $ 0.21
Diluted net income per Class A share (usd per share) $ 0.42 $ 0.21
Product sales revenues    
REVENUES    
Total revenues $ 11,544 $ 11,546
Services revenues    
REVENUES    
Total revenues $ 467 $ 449