Plains to acquire 55% stake in EPIC Crude Holdings for ~$1.57B

PLAINS GP HOLDINGS LP

Base purchase price ~$1.57B, including ~$600M debt; earnout of $193M if pipeline expansion to 900k bpd sanctioned by 2027.
Acquisition includes ~800-mile EPIC crude pipeline, >600k bpd capacity, 7M bbl storage, and >200k bpd export capacity.
Remaining 45% interest held by Ares Management portfolio company, which will continue as operator.
Expected to close in Q1 2026, subject to HSR clearance and customary conditions.
Plains expects deal to be immediately accretive to distributable cash flow with mid-teens unlevered returns.

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.