secwatch.observer — SEC 8-K summary
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Issuer:     PLAINS ALL AMERICAN PIPELINE LP (PAA)
CIK:        0001070423
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001070423-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070423/000107042322000016/0001070423-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070423/000107042322000016/paa-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001070423-22-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer