{"schema_version":"secwatch.filing_event.v1","accession":"0001070423-24-000011","form_type":"8-K","ticker":"PAA","cik":"0001070423","company_name":"PLAINS ALL AMERICAN PIPELINE LP","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.173867+00:00","generated_at":"2026-06-02T22:52:29.233021+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 Q1 net income $266M, Adj. EBITDA $718M; acquires 10% Saddlehorn for $110M","bullets":["Q1 Net income $266M ($0.29 diluted EPS); adj. net income $354M ($0.41 adj. EPS).","Adjusted EBITDA attributable to PAA $718M, flat YoY; reaffirmed FY2024 guidance $2.625-$2.725B.","Increased annualized common distribution by $0.20 to $1.27/unit (~19% increase), paid in February.","Acquired additional 10% interest in Saddlehorn Pipeline and a Mid-Con terminal for ~$110M cash.","Extended Permian long-haul contracts; weighted average duration ~5 years through 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0001070423-24-000011","json":"https://secwatch.observer/filing/0001070423-24-000011.json","markdown":"https://secwatch.observer/filing/0001070423-24-000011.md","text":"https://secwatch.observer/filing/0001070423-24-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1070423/000107042324000011/0001070423-24-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1070423/000107042324000011/paa-20240503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T22:52:29.233021+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":"652646b685b2ea5ddf7d1b2afa915c372f67cee2","claim":"PLAINS ALL AMERICAN PIPELINE LP reported First-Quarter 2024 results: net income Net income attributable to PAA of $266 million, EPS Diluted net income per common unit $0.29. Guidance reaffirmed.","evidence_excerpt":"Plains All American Reports First-Quarter 2024 Results Provides Update on Permian Long-Haul Contracting & Announces Bolt-on Acquisitions Houston, TX – May 3, 2024 – Plains All American Pipeline, L.P. (Nasdaq: PAA ) and Plains GP Holdings (Nasdaq: PAGP ) today reported first-quarter 2024 results and reaffirmed full-year 2024 Adjusted EBITDA guidance.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070423/000107042324000011/0001070423-24-000011-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First-Quarter 2024"},{"label":"Net income","value":"Net income attributable to PAA of $266 million"},{"label":"EPS","value":"Diluted net income per common unit $0.29"},{"label":"Guidance","value":"reaffirmed"},{"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"}