Plains GP Q2 net income $203M; raises FY22 Adj. EBITDA guidance to ~$2.375B

PLAINS GP HOLDINGS LP

Net income attributable to PAA of $203M, vs loss of $220M in Q2 2021; diluted EPS $0.22.
Adjusted EBITDA attributable to PAA $615M (+7% YoY); full-year guidance raised $100M to ~$2.375B.
Leverage target of 4.0x by year-end 2022 (previously 4.25x); asset sales target raised to $200M.
Repurchased $49M of common units in Q2; total repurchases since inception ~$300M.
Completed $42M bolt-on acquisition of remaining 50% of Advantage JV pipeline in Permian Basin.

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.