Highest-materiality recent filing
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.
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.
Max materiality 0.95 · Median 0.55 · Most common event earnings