{"schema_version":"secwatch.filing_event.v1","accession":"0001070423-23-000021","form_type":"8-K","ticker":"PAA","cik":"0001070423","company_name":"PLAINS ALL AMERICAN PIPELINE LP","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.122111+00:00","generated_at":"2026-06-08T21:55:55.342136+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Plains All American Q3 adj EBITDA $662M, raises FY23 guidance, hikes distribution 19%, buys Permian assets","bullets":["Q3 2023 Net income attributable to PAA $203M (down 47% YoY); diluted EPS $0.20 (down 58%).","Adjusted EBITDA attributable to PAA $662M, up 6% YoY. Full-year guidance raised to $2.60-$2.65B from $2.45-$2.55B.","Management to recommend 19% distribution increase to $1.27 annualized per unit for Q4 2023 payable Feb 2024.","Long-term leverage target reduced by 0.5x to 3.25x-3.75x; expects year-end 2023 leverage below 3.5x.","Permian JV bought Rattler Midstream and LM Energy crude gathering systems for $205M cash ($135M net to PAA)."],"urls":{"canonical":"https://secwatch.observer/filing/0001070423-23-000021","json":"https://secwatch.observer/filing/0001070423-23-000021.json","markdown":"https://secwatch.observer/filing/0001070423-23-000021.md","text":"https://secwatch.observer/filing/0001070423-23-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1070423/000107042323000021/0001070423-23-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1070423/000107042323000021/paa-20231103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:55:55.342136+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":"c59d68ae23be6e9a36b0a1b7ed36d35402313d34","claim":"PLAINS ALL AMERICAN PIPELINE LP reported third-quarter 2023 results: net income $203 million. Guidance raised.","evidence_excerpt":"Plains All American Reports Third-Quarter 2023 Results & Raises 2023 Guidance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070423/000107042323000021/0001070423-23-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third-quarter 2023"},{"label":"Net income","value":"$203 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}