secwatch.observer — SEC 8-K summary
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Issuer:     PLAINS ALL AMERICAN PIPELINE LP (PAA)
CIK:        0001070423
Form:       8-K/A
Filed at:   2026-01-16T23:59:59+00:00
Accession:  0001070423-26-000006
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070423/000107042326000006/0001070423-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070423/000107042326000006/paa-20251031.htm
  HTML page:      https://secwatch.observer/filing/0001070423-26-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer