---
schema_version: "secwatch.filing_event.v1"
accession: "0001070423-26-000006"
form_type: "8-K/A"
ticker: "PAA"
cik: "0001070423"
company_name: "PLAINS ALL AMERICAN PIPELINE LP"
filed_at: "2026-01-16T23:59:59+00:00"
generated_at: "2026-05-16T09:42:51.814513+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Plains All American complete EPIC Crude 100% acquisition with audited financials filed

## Summary
- 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.

## SEC filing metadata
- accession: 0001070423-26-000006
- form_type: 8-K/A
- ticker: PAA
- cik: 0001070423
- company_name: PLAINS ALL AMERICAN PIPELINE LP
- filed_at: 2026-01-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070423/000107042326000006/0001070423-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070423/000107042326000006/paa-20251031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070423-26-000006
- JSON: https://secwatch.observer/filing/0001070423-26-000006.json
- Plain text: https://secwatch.observer/filing/0001070423-26-000006.txt

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