Plains All American to acquire 55% interest in EPIC Crude Holdings for ~$1.57B

PLAINS ALL AMERICAN PIPELINE LP

Base purchase price ~$1.57B (incl. ~$600M debt); potential $193M earnout for expansion to 900k bpd.
Transaction expected to close Q1 2026, subject to Hart-Scott-Rodino antitrust clearance and other conditions.
EPIC Pipeline: ~800 miles long-haul crude takeaway from Permian/Eagle Ford to Gulf Coast; >600k bpd capacity with low-cost expansion.
Expected immediately accretive to distributable cash flow; synergy opportunities target mid-teens unlevered returns.
Remaining 45% interest held by Ares Management, which will continue as operator of the pipeline.

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.