M&A
confidence high
sentiment positive
materiality 0.55
Plains All American complete EPIC Crude 100% acquisition with audited financials filed
PLAINS ALL AMERICAN PIPELINE LP
- PAA now 100% owner/operator of EPIC Crude Pipeline after purchasing remaining 55% from Diamondback/Kinetik and 45% from Ares; closed Oct 31, 2025.
- EPIC Crude reported 2024 revenue of $383M (transportation $261M + crude sales $122M) and net loss of $47.4M, halved from 2023 loss of $77.8M.
- EPIC Crude total assets $2.12B; long-term debt $1.18B as of Dec 31, 2024; pipeline spans ~900 miles from Permian/Eagle Ford to Corpus Christi.
- Filing includes pro forma combined balance sheet and statements adjusting PAA's financials for the full acquisition.