{"filing":{"accession_number":"0001104659-26-107550","cik":"0001581990","ticker":"PAGP","company_name":"PLAINS GP HOLDINGS LP","form":"8-K","filing_date":"2026-09-14","report_date":"2026-09-09","primary_document":"tm2625147d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1581990/000110465926107550/tm2625147d1_8k.htm"},"events":[{"id":33364,"run_id":30675,"accession_number":"0001104659-26-107550","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Plains All American Pipeline, L.P. completed a public offering of $1.5 billion in aggregate principal amount of junior subordinated notes, consisting of $700 million Series A Notes at 6.750% and $800 million Series B Notes at 7.000%, both due 2056, governed by a subordinated indenture with U.S. Bank Trust Company as trustee.","company_name":"PLAINS GP HOLDINGS LP","ticker":"PAGP","filing_date":"2026-09-14","form":"8-K","submitted_at":null,"items":[{"id":36803,"accession_number":"0001104659-26-107550","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Plains All American Pipeline, L.P. (PAA), a wholly owned subsidiary of PAGP, completed a public offering of $1.5 billion in aggregate principal amount of junior subordinated notes ($700 million Series A Notes at 6.750% and $800 million Series B Notes at 7.000%, both due 2056). This constitutes a material creation of direct financial obligations governed by a subordinated indenture with U.S. Bank Trust Company as trustee, clearly fitting the debt_issuance category. The magnitude and terms are material to investors assessing the registrant's capital structure and financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-14T21:10:07.322244+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":33365,"run_id":30675,"accession_number":"0001104659-26-107550","anchor_item_number":"2.03","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.94,"summary":"Plains All American Pipeline's subsidiary completed the acquisition of 100% equity interests in EPIC Crude Holdings and the Cactus III Pipeline through two transactions: 55% from Diamondback/Kinetik (closed October 1, 2025) and 45% from Ares Management (closed November 1, 2025), with pro forma financial statements reflecting approximately $1.9 billion in financing and material adjustments to depreciation, amortization, and interest expense.","company_name":"PLAINS GP HOLDINGS LP","ticker":"PAGP","filing_date":"2026-09-14","form":"8-K","submitted_at":null,"items":[{"id":36804,"accession_number":"0001104659-26-107550","item_number":"2.02","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"This Item 2.02 disclosure centers on unaudited pro forma financial statements reflecting the completion of two material acquisitions: the EPIC 55% Transaction (closed October 1, 2025) and the EPIC 45% Transaction (closed November 1, 2025), whereby PAA's subsidiary acquired 100% of EPIC Crude Holdings and the Cactus III Pipeline. The pro forma statement shows the combined operations as if the transactions had closed on January 1, 2025, with material adjustments to depreciation, amortization, and interest expense totaling approximately $1.9 billion in financing. This is a material acquisition activity, not merely an earnings release.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-14T21:10:07.322244+00:00","company_name":"","ticker":null,"filing_date":""},{"id":36805,"accession_number":"0001104659-26-107550","item_number":"2.03","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Item 2.03 incorporates by reference Item 1.01, which reports the completion of the EPIC Transactions—Plains All American Pipeline's acquisition of 100% equity interests in EPIC Crude Holdings and its general partner (55% from Diamondback/Kinetik on October 31, 2025, and 45% from Ares on November 1, 2025). The pro forma financial statements show $1,901 million in financing and material adjustments to depreciation, amortization, and interest expense, confirming this is a significant material acquisition that would affect investor assessment of the registrant's financial position and operations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-14T21:10:07.322244+00:00","company_name":"","ticker":null,"filing_date":""},{"id":36806,"accession_number":"0001104659-26-107550","item_number":"8.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.92,"reasoning":"The filing discloses pro forma financial information and an underwritten debt offering related to the EPIC Transactions—the acquisition of 100% equity interests in EPIC Crude Holdings and its general partner (55% from Diamondback/Kinetik and 45% from Ares Management) completed in October-November 2025. The Item 8.01 disclosure explicitly states the pro forma information \"gives effect to the Transactions as if they had been consummated on January 1, 2025\" and describes the acquisition method accounting under ASC 805. While the Item also mentions an underwritten debt offering (the Notes), the central material event is the completed acquisition of the Cactus III Pipeline assets, which is a material acquisition requiring pro forma disclosure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-14T21:10:07.322244+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":36803,"accession_number":"0001104659-26-107550","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Plains All American Pipeline, L.P. (PAA), a wholly owned subsidiary of PAGP, completed a public offering of $1.5 billion in aggregate principal amount of junior subordinated notes ($700 million Series A Notes at 6.750% and $800 million Series B Notes at 7.000%, both due 2056). This constitutes a material creation of direct financial obligations governed by a subordinated indenture with U.S. Bank Trust Company as trustee, clearly fitting the debt_issuance category. The magnitude and terms are material to investors assessing the registrant's capital structure and financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-14T21:10:07.322244+00:00","company_name":"PLAINS GP HOLDINGS LP","ticker":"PAGP","filing_date":"2026-09-14"},{"id":36804,"accession_number":"0001104659-26-107550","item_number":"2.02","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"This Item 2.02 disclosure centers on unaudited pro forma financial statements reflecting the completion of two material acquisitions: the EPIC 55% Transaction (closed October 1, 2025) and the EPIC 45% Transaction (closed November 1, 2025), whereby PAA's subsidiary acquired 100% of EPIC Crude Holdings and the Cactus III Pipeline. The pro forma statement shows the combined operations as if the transactions had closed on January 1, 2025, with material adjustments to depreciation, amortization, and interest expense totaling approximately $1.9 billion in financing. This is a material acquisition activity, not merely an earnings release.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-14T21:10:07.322244+00:00","company_name":"PLAINS GP HOLDINGS LP","ticker":"PAGP","filing_date":"2026-09-14"},{"id":36805,"accession_number":"0001104659-26-107550","item_number":"2.03","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Item 2.03 incorporates by reference Item 1.01, which reports the completion of the EPIC Transactions—Plains All American Pipeline's acquisition of 100% equity interests in EPIC Crude Holdings and its general partner (55% from Diamondback/Kinetik on October 31, 2025, and 45% from Ares on November 1, 2025). The pro forma financial statements show $1,901 million in financing and material adjustments to depreciation, amortization, and interest expense, confirming this is a significant material acquisition that would affect investor assessment of the registrant's financial position and operations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-14T21:10:07.322244+00:00","company_name":"PLAINS GP HOLDINGS LP","ticker":"PAGP","filing_date":"2026-09-14"},{"id":36806,"accession_number":"0001104659-26-107550","item_number":"8.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.92,"reasoning":"The filing discloses pro forma financial information and an underwritten debt offering related to the EPIC Transactions—the acquisition of 100% equity interests in EPIC Crude Holdings and its general partner (55% from Diamondback/Kinetik and 45% from Ares Management) completed in October-November 2025. The Item 8.01 disclosure explicitly states the pro forma information \"gives effect to the Transactions as if they had been consummated on January 1, 2025\" and describes the acquisition method accounting under ASC 805. While the Item also mentions an underwritten debt offering (the Notes), the central material event is the completed acquisition of the Cactus III Pipeline assets, which is a material acquisition requiring pro forma disclosure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-14T21:10:07.322244+00:00","company_name":"PLAINS GP HOLDINGS LP","ticker":"PAGP","filing_date":"2026-09-14"}]}