Plains GP Holdings, L.P. (PAGP) Q1 2025 Earnings Call Transcript

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Q1: 2025-05-09 Earnings Summary

Insights
EPS of $0.42 beats by $0.04
 | Revenue of $12.01B (0.13% Y/Y) misses by $979.77M

Plains GP Holdings, L.P. (NASDAQ:PAGP) Q1 2025 Earnings Conference Call May 9, 2025 10:00 AM ET

Company Participants

Blake Fernandez - VP, IR
Willie Chiang - Chairman and CEO
Al Swanson - EVP and CFO
Harry Pefanis - President and Co-Founder
Chris Chandler - EVP and COO
Jeremy Goebel - EVP and CCO

Conference Call Participants

Gabriel Moreen - Mizuho
Manav Gupta - UBS
Michael Blum - Wells Fargo
Vrathan Reddy - JPMorgan
Sunil Sibal - Seaport Global
AJ O'Donnell - TPH
John Mackay - Goldman Sachs
Theresa Chen - Barclays

Operator

Good day and thank you for standing by. Welcome to the PAA and PAGP First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Blake Fernandez, Vice President of Investor Relations. Please go ahead.

Blake Fernandez

Thank you, Michelle. Good morning and welcome to Plains All American first quarter 2025 earnings call. Today's slide presentation is posted on the Investor Relations' website under the News and Events section at ir.plains.com. An audio replay will also be available following today's call.

Important disclosures regarding forward-looking statements and non-GAAP financial measures are provided on Slide 2. An overview of today's call is provided on Slide 3, a condensed consolidating balance sheet for PAGP and other reference materials are in the appendix.

Today's call will be hosted by Willie Chiang, Chairman and CEO; Al Swanson, Executive Vice President and CFO, along with other members of the management team.

With that, I will turn the call over to Willie.

Willie Chiang

Thank you, Blake. Good morning everyone and thank you for joining us. This morning, we

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