---
schema_version: "secwatch.filing_event.v1"
accession: "0001070423-22-000016"
form_type: "8-K"
ticker: "PAA"
cik: "0001070423"
company_name: "PLAINS ALL AMERICAN PIPELINE LP"
filed_at: "2022-08-03T23:59:59+00:00"
generated_at: "2026-06-24T04:49:05.546380+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Plains All American Q2 net income $203M; Adj. EBITDA $615M; raises FY guidance $100M to $2.375B

## Summary
- Net income $203M (diluted EPS $0.22) vs loss of $220M in Q2 2021; adjusted EPS $0.30.
- Adjusted EBITDA attributable to PAA $615M, up 7% YoY; FY guidance raised $100M to ~$2.375B.
- Expect leverage to reach 4.0x by year-end 2022 (previously 4.25x); asset sales target increased to $200M.
- Repurchased $49M common units in Q2, $74M YTD; total ~$300M since program inception.
- Completed $42M bolt-on for remaining 50% of Advantage JV pipeline in Permian Basin.

## SEC filing metadata
- accession: 0001070423-22-000016
- form_type: 8-K
- ticker: PAA
- cik: 0001070423
- company_name: PLAINS ALL AMERICAN PIPELINE LP
- filed_at: 2022-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070423/000107042322000016/0001070423-22-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070423/000107042322000016/paa-20220803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070423-22-000016
- JSON: https://secwatch.observer/filing/0001070423-22-000016.json
- Plain text: https://secwatch.observer/filing/0001070423-22-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.