Highest-materiality recent filing
Plains All American enters $2.7B unsecured revolver, replaces two prior facilities
New $2.7B senior unsecured revolving credit facility, expandable to $4.0B, matures June 12, 2031 with possible one-year extensions.
Plains All American announces CAO retirement and Montgomery promotion effective Sep 1, 2026
Chris Herbold, SVP Finance and Chief Accounting Officer, retiring on Aug 31, 2026.
PAA unitholders elect four directors, ratify auditor, approve say-on-pay at 2026 annual meeting
All four Class I directors elected with 97.7% to 98.3% of votes cast: Chiang, DeSanctis, Pruner, Ziemba.
Plains All American appoints Cynthia B. Taylor to board of directors effective May 11, 2026
Cynthia B. Taylor appointed as independent Class III director on GP Holdings board; also joins Compensation and HSE&S committees.
Plains All American closes $3.76B sale of Canadian NGL business to Keyera Corp.
Sale of Canadian NGL business to Keyera Corp. for CAD $5.13B (~USD $3.76B) closed May 12, 2026.
Plains All American Q1 net income $152M; raises 2026 EBITDA midpoint by $130M
Q1 GAAP net income $152M ($0.14/unit) vs $443M YoY; adjusted net income $325M ($0.39/unit).
Plains All American replaces PMCULC with PCLPULC as borrower under credit facilities
On Feb 26, 2026, PAA amended its Revolver and Hedged Inventory Facility to substitute borrower entities.
Plains All American Q4 net income jumps to $342M; raises distribution 10%, guides 2026 EBITDA $2.75B
Q4 net income attributable to PAA $342M vs $36M a year ago; full-year $1.435B, up 86% YoY.
Plains All American complete EPIC Crude 100% acquisition with audited financials filed
PAA now 100% owner/operator of EPIC Crude Pipeline after purchasing remaining 55% from Diamondback/Kinetik and 45% from Ares; closed Oct 31, 2025.
Plains All American enters $1.1B term loan, terminates $1.1B EPIC credit facility
On Nov 26, 2025, PAA entered a $1.1B senior unsecured term loan due in two years; interest rate SOFR+1.125% initially, rising to SOFR+1.250% after one year.
Plains All American Pipeline issues $750M in senior notes in two tranches
Closed public offering of $750M: $300M of 4.700% Senior Notes due 2031 and $450M of 5.600% Senior Notes due 2036.
Plains All American completes $2.9B acquisition of EPIC Crude Pipeline, now 100% owner and operator
Acquired 55% from Diamondback/Kinetik for ~$1.57B (incl. $600M debt) and remaining 45% from Ares for ~$1.33B (incl. $500M debt).
Q3 GAAP net income $441M ($0.55/unit) vs $220M ($0.22/unit) a year ago; adjusted EBITDA $669M, up 2%.
Plains All American Pipeline prices $1.25B dual-tranche senior notes offering
Issued $700M 4.700% Senior Notes due 2031 and $550M 5.600% Senior Notes due 2036.
Plains All American to acquire 55% interest in EPIC Crude Holdings for ~$1.57B
Base purchase price ~$1.57B (incl. ~$600M debt); potential $193M earnout for expansion to 900k bpd.
CEO Willie Chiang's 2018 Promotional Grant expiration extended from Oct 2025 to Oct 2030; 500,000 phantom units unchanged.
Plains All American Q2 net income $210M (-16% YoY); divests Canadian NGL for $3.75B
GAAP net income attributable to PAA $210M ($0.21/unit) vs $250M ($0.26/unit) in Q2 2024.
Plains All American sells NGL business to Keyera for $3.75B
Total cash consideration C$5.15B (~$3.75B USD); expected close in Q1 2026, subject to regulatory approvals.
PAA unitholders re-elect 4 directors with >86% support; auditor and say-on-pay pass
82.4% of units represented at annual meeting held May 21, 2025.
Plains All American Q1 net income $443M, Adj. EBITDA $754M; distribution up 20% to $0.38/unit
Net income attributable to PAA $443M (diluted EPS $0.49), up 67% YoY; net cash from ops $639M (+53% YoY).
Plains president Harry Pefanis to retire June 1, 2025; CEO Willie Chiang adds president role
Harry Pefanis, co-founder and president, retires after 27+ years; will remain on board as senior advisor.
Full-year 2024 Adjusted EBITDA attributable to PAA $2.78B, above guidance; 2025 outlook $2.80-2.95B.
Plains All American issues $1B of 5.950% Senior Notes due 2035
Issued $1 billion aggregate principal amount of 5.950% Senior Notes due June 15, 2035.
Three bolt-on acquisitions for ~$670M net: Ironwood Midstream ($475M, closes Q1 2025), Medallion Midstream ($105M net), Midway Pipeline ($90M).
Plains All American to host analyst/investor event on Dec 9, 2024; updated materials to be posted
PAA and PAGP representatives meet with analysts and investors at a hosted event on December 9, 2024.
Plains All American Q3 net income $220M; guidance toward high-end of $2.725-$2.775B
Net income $220M ($0.22 diluted EPS) vs $203M a year ago; Adj. EBITDA attributable $659M.
Plains All American extends revolver to Aug 2029; hedged inventory facility to Aug 2027
Revolver maturity extended from Aug 2028 to Aug 17, 2029; total commitment unchanged at $1.35B.
Plains All American Q2 Adjusted EBITDA $674M; raises 2024 guidance by $75M
Net income attributable to PAA $250M ($0.26 diluted EPS); adjusted net income $288M ($0.31 diluted).
Plains All American Pipeline issues $650M of 5.700% Senior Notes due 2034
$650M aggregate principal of 5.700% senior unsecured notes maturing Sep 15, 2034.
Plains All American Pipeline prices $650M of 5.700% Senior Notes due 2034
Issued $650 million aggregate principal amount of 5.700% Senior Notes due 2034.
Plains All American Pipeline unitholders approve all proposals at 2024 annual meeting
Elected Greg Armstrong, John Raymond, Bobby Shackouls as Class III directors with 99.2%, 99.0%, 96.2% FOR respectively.
Plains All American Q1 net income $266M, Adj. EBITDA $718M; acquires 10% Saddlehorn for $110M
Q1 Net income $266M ($0.29 diluted EPS); adj. net income $354M ($0.41 adj. EPS).
PAA Q4 net income $312M, Adj EBITDA above guidance; raises distribution 19%
Q4 net income $312M; full-year $1.23B (up 19% YoY). Adj EBITDA $737M in Q4, $2.71B full year (above top end of guidance).
Plains All American to present at BofA conference; no material disclosures
Representatives will meet with investors at BofA Securities Global Energy Conference in Houston on November 15, 2023.
Q3 2023 Net income attributable to PAA $203M (down 47% YoY); diluted EPS $0.20 (down 58%).
Plains All American amends AAP LP agreement to allow KAFU interest transfers
Amendment No. 3 to Eighth Amended and Restated LP Agreement of Plains AAP, L.P. executed on August 17, 2023.
Plains All American to present at Citi Midstream Conference Aug 21-23
PAA and PAGP representatives will meet investors at Citi One-on-One Midstream/Energy Infrastructure Conference in Las Vegas.
Net income $293M (+44% YoY); Adj. EBITDA $597M (-3%); Free Cash Flow $650M.
All four Class I directors elected with >97% support: Chiang (99.3%), DeSanctis (99.5%), Pruner (97.3%), Ziemba (99.1%).
Plains All American Q1 net income $422M, Adj EBITDA $715M, reaffirms 2023 guidance
Net income attributable to PAA $422M (vs $187M YoY); diluted EPS $0.52 (up 174%).
Plains to present at Morgan Stanley conference; no material updates disclosed
PAA and PAGP will present at Morgan Stanley Global Energy & Power Conference on March 1-2, 2023 in New York.
PAA Q4 adj. EBITDA $659M beats; FY 2022 net income $1.04B; 2023 guidance $2.45-2.55B adj. EBITDA
Q4 net income $263M ($0.30 diluted EPS); adjusted net income $286M ($0.33 diluted adj. EPS).
Plains All American to present at Wells Fargo Midstream Symposium on Dec 7
Willie Chiang, Chairman and CEO, participates in fireside chat on Dec 7, 2022 at 10:45 AM ET.
Plains All American to present at RBC conference; no material new info
PAA and PAGP representatives to attend 2022 RBC Midstream Conference Nov 16-17 in Dallas.
Plains All American Q3 net income $384M, raises FY2022 guidance, plans distribution increase
Net income of $384M vs loss of $59M YoY; diluted EPS $0.48 vs ($0.15).
Plains All American to present at Barclays Energy-Power Conference on Sept 7
Chairman and CEO Willie Chiang to speak at 11:30 a.m. ET on September 7, 2022.
PAA amends two credit facilities, extends maturities and updates benchmark rates
Revolving Credit Facility maturity extended to August 20, 2027 from August 20, 2026.
Plains to present at Citi Midstream/Energy Infrastructure Conference on August 16-17, 2022
PAA and PAGP will meet with financial community at 2022 Citi One-on-One Conference in Las Vegas.
Plains All American Q2 net income $203M; Adj. EBITDA $615M; raises FY guidance $100M to $2.375B
Net income $203M (diluted EPS $0.22) vs loss of $220M in Q2 2021; adjusted EPS $0.30.
Appoints Ellen R. DeSanctis as independent board member, effective Aug 15, 2022
Ellen R. DeSanctis, retired ConocoPhillips SVP, appointed to Board effective Aug 15, 2022.
Chris Herbold, who previously served as Senior Vice President, Finance and Chief Accounting Officer of PAA and PAGP, is retiring from the company on August 31, 2026.
Russ Montgomery will be promoted to the position of Vice President, Accounting and Chief Accounting Officer of Plains All American GP LLC, the general partner of PAA, and PAA GP Holdings LLC, the general partner of PAGP.
On May 11, 2026, the board of directors (the “Board”) of Plains All American Pipeline, L.P.’s (the “Registrant”) general partner, PAA GP Holdings LLC (the “Company”), appointed Cynthia B. Taylor as an independent member of the Board serving in Class III.
Willie Chiang, Chairman of the Board and CEO, will assume the additional role of President effective upon the retirement of Mr. Pefanis.
Harry Pefanis will retire as President of Plains All American Pipeline, L.P. and Plains GP Holdings, L.P. effective June 1, 2025.
appointed, effective August 15, 2022, Ellen R. DeSanctis as an independent member of the Board
The Board also approved the appointment of Kevin McCarthy, Kayne Anderson’s previously designated director to the Board, to serve as a Director until the Plains GP Holdings, L.P. (“PAGP”) Annual Meeting of Shareholders to be held in May 2022, and the nomination of Mr. McCarthy to stand for election at such Annual Meeting.
Max materiality 0.95 · Median 0.55 · Most common event earnings