Partners' Capital and Distributions (Tables)

12 Months Ended

Dec. 31, 2024

Partners Capital and Distribution [Line Items]

Schedule of Changes in Shares Outstanding

The following table presents the activity for our Class A shares, Class B shares and Class C shares:


	Class A Shares	Class B Shares	Class C Shares
Outstanding at December 31, 2021	194,192,777	46,645,514	534,596,831

Conversion of AAP Management Units	—	258,047	—
Exchange Right exercises	179,150	(179,150)	—
Redemption Right exercises	—	(518,464)	518,464
Repurchase and cancellation of common units by a subsidiary under the Common Equity Repurchase Program	—	—	(7,251,361)
Other	35,715	—	578,604
Outstanding at December 31, 2022	194,407,642	46,205,947	528,442,538

Conversion of AAP Management Units	—	388,839	—
Exchange Right exercises	1,869,768	(1,869,768)	—
Redemption Right exercises	—	(8,487,850)	8,487,850

Other	139,350	—	2,514,901
Outstanding at December 31, 2023	196,416,760	36,237,168	539,445,289


Exchange Right exercises	846,937	(846,937)	—


Other	202,002	—	2,559,549
Outstanding at December 31, 2024	197,465,699	35,390,231	542,004,838

Schedule of Distributions paid to Noncontrolling Interests

The following table details distributions paid to noncontrolling interests in consolidated joint venture entities during the years presented (in millions):


	2024		2023		2022
Permian JV (1)	$	322	$	249	$	273
Cactus II	77		63		4
Red River	26		21		21
	$	425	$	333	$	298

(1)The initial distribution from the Permian JV was paid during the first quarter of 2022, with approximately $54 million paid to noncontrolling interests.

Class A Shares

Partners Capital and Distribution [Line Items]

Schedule of Distributions

The following table details distributions paid to our Class A shareholders during the years presented (in millions, except per share data):


Year	Distributions to Class A Shareholders		Distributions per Class A Share
2024	$	251	$	1.2700
2023	$	209	$	1.0700
2022	$	162	$	0.8325

PAA | Series A Preferred Units

Partners Capital and Distribution [Line Items]

Schedule of Distributions

The following table details distributions paid to PAA’s Series A preferred unitholders during the years presented (in millions, except unit data):


	Series A Preferred Unitholders


Year	Cash Distribution		Distribution per Unit
2024	$	175		$	2.46
2023	$	166		$	2.34
2022	$	149		$	2.10

PAA | Series B Preferred Units

Partners Capital and Distribution [Line Items]

Schedule of Distributions

The following table details distributions paid to PAA’s Series B preferred unitholders during the years presented (in millions, except unit data):


	Series B Preferred Unitholders


Year	Cash Distribution		Distribution per Unit
2024	$	79	$	98.14
2023	$	75	$	93.43
2022	$	49	$	61.25

PAA | Common Units

Partners Capital and Distribution [Line Items]

Schedule of Distributions

The following table details distributions paid by PAA to its common unitholders during the years presented (in millions, except per unit data):


	Distributions Paid						Distributions per Common Unit
Year	Public		AAP		Total
2024	$	595	$	296	$	891	$	1.2700
2023	$	492	$	256	$	748	$	1.0700
2022	$	383	$	201	$	584	$	0.8325

AAP

Partners Capital and Distribution [Line Items]

Schedule of Distributions

The following table details the distributions to AAP’s partners paid during the years presented from distributions received from PAA (in millions):


	Distributions to AAP’s Partners
Year	Noncontrolling Interests		PAGP		Total Cash Distributions

2024	$	45	$	251	$	296
2023	$	47	$	209	$	256
2022	$	39	$	162	$	201