---
schema_version: "secwatch.filing_event.v1"
accession: "0001070423-24-000024"
form_type: "8-K"
ticker: "PAA"
cik: "0001070423"
company_name: "PLAINS ALL AMERICAN PIPELINE LP"
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T02:40:31.700946+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Plains All American Q3 net income $220M; guidance toward high-end of $2.725-$2.775B

## Summary
- Net income $220M ($0.22 diluted EPS) vs $203M a year ago; Adj. EBITDA attributable $659M.
- Full-year 2024 Adj. EBITDA guidance expected at high-end of $2.725-$2.775B range.
- Leverage ratio 3.0x below target; Moody's upgraded PAA to Baa2 from Baa3.
- Resolved Line 901 claims with two lawsuit settlements resulting in $120M GAAP charge.
- Distribution declared $0.3175/unit, up 19% YoY; Q3 Adj. Free Cash Flow $401M.

## SEC filing metadata
- accession: 0001070423-24-000024
- form_type: 8-K
- ticker: PAA
- cik: 0001070423
- company_name: PLAINS ALL AMERICAN PIPELINE LP
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1070423/000107042324000024/0001070423-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070423/000107042324000024/paa-20241108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070423-24-000024
- JSON: https://secwatch.observer/filing/0001070423-24-000024.json
- Plain text: https://secwatch.observer/filing/0001070423-24-000024.txt

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