{"schema_version":"secwatch.filing_event.v1","accession":"0001070423-23-000015","form_type":"8-K","ticker":"PAA","cik":"0001070423","company_name":"PLAINS ALL AMERICAN PIPELINE LP","filed_at":"2023-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.075135+00:00","generated_at":"2026-06-12T05:34:43.326450+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Plains All American Q2 net income up 44% to $293M; guides to high-end of EBITDA range, announces Permian bolt-on","bullets":["Net income $293M (+44% YoY); Adj. EBITDA $597M (-3%); Free Cash Flow $650M.","Acquired Diamondback’s 43% stake in OMOG JV for ~$225M ($145M net to PAA); closed July 28.","Sanctioned Fort Sask debottlenecking (~30 Mb/d capacity); extended contract tenors to ~10 years; 2024 expiration of frac exposure offset.","Expects 2023 Adj. EBITDA at high-end of $2.45-$2.55B; leverage <3.5x; FCF ~$1.6B; dividend raised 23% to $0.2675/unit."],"urls":{"canonical":"https://secwatch.observer/filing/0001070423-23-000015","json":"https://secwatch.observer/filing/0001070423-23-000015.json","markdown":"https://secwatch.observer/filing/0001070423-23-000015.md","text":"https://secwatch.observer/filing/0001070423-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1070423/000107042323000015/0001070423-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1070423/000107042323000015/paa-20230804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T05:34:43.326450+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"994babe79dd3aeea16b3f8047b30cc6427f52590","claim":"PLAINS ALL AMERICAN PIPELINE LP reported second-quarter 2023 results: net income Net income attributable to PAA of $293 million, EPS $0.32 per diluted share.","evidence_excerpt":"Plains All American Reports Second-Quarter 2023 Results and Provides Updated 2023 Guidance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070423/000107042323000015/0001070423-23-000015-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second-quarter 2023"},{"label":"Net income","value":"Net income attributable to PAA of $293 million"},{"label":"EPS","value":"$0.32 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f0e9dfbed9b7b7801270223b34f802be10f9a799","claim":"PLAINS ALL AMERICAN PIPELINE LP updated its full-year 2023 guidance (reaffirmed).","evidence_excerpt":"Maintaining 2023 investment and maintenance capital guidance of $325 million and $195 million respectively","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070423/000107042323000015/0001070423-23-000015-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}