PLAINS ALL AMERICAN PIPELINE LP
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
PAA$23.60-1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Page | |
|---|---|
| PART I. FINANCIAL INFORMATION | |
| Item 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS: | |
| Condensed Consolidated Balance Sheets: As of June 30, 2025 and December 31, 2024 | 3 |
| Condensed Consolidated Statements of Operations: For the three and six months ended June 30, 2025 and 2024 | 4 |
| Condensed Consolidated Statements of Comprehensive Income: For the three and six months ended June 30, 2025 and 2024 | 5 |
| Condensed Consolidated Statements of Changes in Accumulated Other Comprehensive Income/(Loss): For the six months ended June 30, 2025 and 2024 | 5 |
| Condensed Consolidated Statements of Cash Flows: For the six months ended June 30, 2025 and 2024 | 6 |
| Condensed Consolidated Statements of Changes in Partners’ Capital: For the three and six months ended June 30, 2025 and 2024 | 7 |
| Notes to the Condensed Consolidated Financial Statements: | |
| 1. Organization and Basis of Consolidation and Presentation | 9 |
| 2. Discontinued Operations | 12 |
| 3. Revenues and Accounts Receivable | 13 |
| 4. Net Income Per Common Unit | 17 |
| 5. Inventory, Linefill and Long-term Inventory | 19 |
| 6. Debt | 20 |
| 7. Partners’ Capital and Distributions | 21 |
| 8. Derivatives and Risk Management Activities | 23 |
| 9. Related Party Transactions | 26 |
| 10. Commitments and Contingencies | 28 |
| 11. Segment Information | 30 |
| 12. Acquisitions | 37 |
| Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 39 |
| Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 59 |
| Item 4. CONTROLS AND PROCEDURES | 60 |
| PART II. OTHER INFORMATION | |
| Item 1. LEGAL PROCEEDINGS | 61 |
| Item 1A. RISK FACTORS | 61 |
| Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS | 61 |
| Item 3. DEFAULTS UPON SENIOR SECURITIES | 61 |
| Item 4. MINE SAFETY DISCLOSURES | 61 |
| Item 5. OTHER INFORMATION | 61 |
| Item 6. EXHIBITS | 62 |
| SIGNATURES | 66 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.