PAA Q2: net income $1.83B on Canadian NGL sale; adjusted EBITDA $738M, up 10% YoY

PLAINS ALL AMERICAN PIPELINE LP

Q2 net income $1.830B incl. ~$1.6B gain on Canadian NGL sale to Keyera; diluted EPS $2.51 vs $0.21 prior year.
Adjusted EBITDA attributable to PAA $738M, up 10% YoY; adjusted EPS $0.41 vs $0.36; distribution raised 10% to $0.4175/unit.
Closed Canadian NGL Business sale May 12, 2026 to Keyera; used ~$2.9B proceeds for debt reduction, leverage now 3.3x.
2026 organic growth capex raised to $400-450M (from $350M) incl. 75 Mb/d Cactus III expansion; maintenance capex cut $10M to $175M.
Captured $50M Cactus III synergies; on track for $50M cost reductions through year-end 2026.

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.