---
schema_version: "secwatch.filing_event.v1"
accession: "0001070423-24-000017"
form_type: "8-K"
ticker: "PAA"
cik: "0001070423"
company_name: "PLAINS ALL AMERICAN PIPELINE LP"
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:21:49.625286+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Plains All American Q2 Adjusted EBITDA $674M; raises 2024 guidance by $75M

## Summary
- Net income attributable to PAA $250M ($0.26 diluted EPS); adjusted net income $288M ($0.31 diluted).
- Adjusted EBITDA attributable to PAA $674M, up 13% YoY; raises full-year 2024 guidance to $2.725-2.775B.
- Q2 distribution declared $0.3175/unit, up 19% YoY; implied DCF per unit $0.58.
- Priced $650M senior notes at 5.7% due 2034; net cash provided by ops $653M.
- Adjusted Free Cash Flow (excl A&L) $421M; reaffirms FY 2024 AFFC guidance of $1.55B.

## SEC filing metadata
- accession: 0001070423-24-000017
- form_type: 8-K
- ticker: PAA
- cik: 0001070423
- company_name: PLAINS ALL AMERICAN PIPELINE LP
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070423/000107042324000017/0001070423-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070423/000107042324000017/paa-20240802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070423-24-000017
- JSON: https://secwatch.observer/filing/0001070423-24-000017.json
- Plain text: https://secwatch.observer/filing/0001070423-24-000017.txt

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