Plains All American Q2 net income $210M (-16% YoY); divests Canadian NGL for $3.75B

PLAINS ALL AMERICAN PIPELINE LP

GAAP net income attributable to PAA $210M ($0.21/unit) vs $250M ($0.26/unit) in Q2 2024.
Adjusted EBITDA att. to PAA $672M, flat YoY; adjusted net income $312M (+8% YoY).
Agreed to sell substantially all Canadian NGL business to Keyera for ~$5.15B CAD ($3.75B USD); close expected Q1 2026.
Acquired additional 20% in BridgeTex Pipeline on July 22, raising PAA stake to 40%.
Q2 distribution declared $0.38/unit (+20% YoY); leverage ratio 3.3x at low end of target.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.