PLAINS ALL AMERICAN PIPELINE LP — fact timeline

PLAINS ALL AMERICAN PIPELINE LP incurred credit facility of $2.7 billion with Bank of America, N.A., as Administrative Agent at Term SOFR, Base Rate, Canadian Term Rate or Canadian Prime Rate, plus an applica maturing June 12, 2031.

“as L/C Issuers; and the other Lenders party thereto (as amended, the “Hedged Inventory Facility”). The committed borrowing capacity under the Revolving Credit Agreement is $2.7 billion, up to $800 million of which is available for the issuance of letters of credit and up to $225 million of which is available for swing line loans. The committed amount may be”

PLAINS ALL AMERICAN PIPELINE LP terminated Hedged Inventory Facility (effective 2026-06-12).

“On June 12, 2026, in conjunction with the closing of the Revolving Credit Agreement, the Partnership, PCLP and PMLP, as applicable, repaid in full and terminated all outstanding obligations under (i) the Existing Revolving Credit Agreement and (ii) the Hedged Inventory Facility.”

PLAINS ALL AMERICAN PIPELINE LP terminated Existing Revolving Credit Agreement (effective 2026-06-12).

“On June 12, 2026, in conjunction with the closing of the Revolving Credit Agreement, the Partnership, PCLP and PMLP, as applicable, repaid in full and terminated all outstanding obligations under (i) the Existing Revolving Credit Agreement and (ii) the Hedged Inventory Facility.”

PLAINS ALL AMERICAN PIPELINE LP entered into Revolving Credit Agreement with Bank of America, N.A., as Administrative Agent and Swing Line Lender; Bank of America, N.A., PNC Bank, National Association and Wells Fargo Bank, National Association, as L/C Issuers; and the other Lenders party thereto valued at $2.7 billion (effective 2026-06-12).

“On June 12, 2026, Plains All American Pipeline, L.P. (the "Partnership") entered into an unsecured Credit Agreement (the "Revolving Credit Agreement"), among the Partnership, Plains Marketing, L.P., a Texas limited partnership ("PMLP"), and Plains Canada Liquid Pipelines ULC, a British Columbia unlimited liability company ("PCLP"), as Borrowers; certain subsidiaries of the Partnership from time to time party thereto, as Designated Borrowers; Bank of America, N.A., as Administrative Agent and Swing Line Lender; Bank of America, N.A., PNC Bank, National Association and Wells Fargo Bank, National Association, as L/C Issuers; and the other Lenders party thereto”

Russ Montgomery was appointed as Vice President, Accounting and Chief Accounting Officer at PLAINS ALL AMERICAN PIPELINE LP.

“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.”

Chris Herbold departed as Senior Vice President, Finance and Chief Accounting Officer at PLAINS ALL AMERICAN PIPELINE LP.

“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.”

PLAINS ALL AMERICAN PIPELINE LP shareholders approved Advisory approval of 2025 named executive officer compensation at the 2026-05-20 meeting.

“3. Unitholders (other than Plains AAP, L.P.) voted to instruct PAA to vote the PAGP Class C shares that it owns at the PAGP annual meeting on the approval, on a non-binding advisory basis, of our 2025 named executive officer compensation as follows: Percentage of Votes Cast For Against Abstained FOR* Broker Non-Votes 188,931,812 121,666,547 1,474,133 60.5% 129,903,521”

PLAINS ALL AMERICAN PIPELINE LP shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm at the 2026-05-20 meeting.

“2. Unitholders (other than Plains AAP, L.P.) voted to instruct PAA to vote the PAGP Class C shares that it owns at the PAGP annual meeting on the ratification of the appointment of PricewaterhouseCoopers LLP as PAGP’s and PAA’s independent registered public accounting firm for the fiscal year ending December 31, 2026 as follows: Percentage of Votes Cast For Against Abstained FOR* Broker Non-Votes 437,632,921 3,758,542 584,550 99.0% -0-”

PLAINS ALL AMERICAN PIPELINE LP shareholders approved Election of four Class I directors at the 2026-05-20 meeting.

“1. Unitholders (other than Plains AAP, L.P.) voted to instruct PAA to vote the PAGP Class C shares that it owns at the PAGP annual meeting on the election of four Class I directors to serve on the board of directors of PAA GP Holdings LLC until the 2029 annual meeting as follows: Percentage of Votes Cast Nominees For Withheld FOR* Broker Non-Votes 1. Willie Chiang 305,596,109 6,476,382 97.9% 129,903,522 2. Ellen DeSanctis 306,878,470 5,194,021 98.3% 129,903,522 3. Alexandra Pruner 304,958,788 7,113,703 97.7% 129,903,522 4. Larry Ziemba 306,095,853 5,976,638 98.1% 129,903,522”

Cynthia B. Taylor was appointed as independent Class III director at PLAINS ALL AMERICAN PIPELINE LP.

“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.”

PLAINS ALL AMERICAN PIPELINE LP terminated Term Loan Agreement with PNC Bank, National Association and the other lenders party thereto valued at $1.1 billion (effective 2026-05-12).

“On November 26, 2025, PAA entered into a term loan agreement (the “Term Loan Agreement”) by and among PAA, as borrower, PNC Bank, National Association, as administrative agent, and the other lenders party thereto (collectively, the “Lenders”).”

PLAINS ALL AMERICAN PIPELINE LP completed a disposition involving Keyera Corp. for approximately CAD $5.13 billion (approximately USD $3.76 billion) (closed 2026-05-12).

“of a definitive Share Purchase Agreement dated as of June 17, 2025 (as amended to date, the “SPA”). Pursuant to the SPA, Seller received cash consideration of approximately CAD $5.13 billion (approximately USD $3.76 billion), subject to certain post-closing adjustments as defined in the SPA. Net proceeds from the sale of approximately $3.3 billion, after taxes and”

PLAINS ALL AMERICAN PIPELINE LP reported first-quarter 2026 results: net income Net income attributable to PAA of $152 million, EPS $0.14. Guidance raised.

“PAGP) today reported first-quarter 2026 results and raised full-year 2026 Adjusted EBITDA Guidance. First-Quarter 2026 Results • First-quarter Net income attributable to PAA of $152 million and Net cash provided by operating activities of $418 million • Delivered first-quarter Adjusted EBITDA attributable to PAA of $730 million • Pro forma leverage ratio of 4.1x at”

PLAINS ALL AMERICAN PIPELINE LP incurred term loan of $1.1 billion with PNC Bank, National Association at Term SOFR or the Base Rate, in each case, plus an applicable rate maturing the two-year anniversary of the closing date.

“as borrower, PNC Bank, National Association, as administrative agent, and the other lenders party thereto (collectively, the “Lenders”). The Term Loan Agreement provides for a $1.1 billion senior unsecured term loan (the “Term Loan”) to be funded on or prior to December 2, 2025. The Term Loan will mature on the two-year anniversary of the closing date. PAA may at”

PLAINS ALL AMERICAN PIPELINE LP incurred revolving credit of $125.0 million revolving credit facility with Goldman Sachs Bank USA, as administrative and collateral agent at Alternate Base Rate or Term SOFR, in each case, plus an applicable margin maturing 2029.

“The EPIC Credit Agreement provides for a $1.2 billion term loan (the "EPIC Term Loan") and a $125.0 million revolving credit facility (the "EPIC Revolver").”

PLAINS ALL AMERICAN PIPELINE LP incurred credit facility of $1.2 billion term loan with Goldman Sachs Bank USA, as administrative and collateral agent at Alternate Base Rate or Term SOFR, in each case, plus an applicable margin maturing October 15, 2031.

“The EPIC Credit Agreement provides for a $1.2 billion term loan (the "EPIC Term Loan") and a $125.0 million revolving credit facility (the "EPIC Revolver").”

PLAINS ALL AMERICAN PIPELINE LP completed an acquisition involving a subsidiary of Ares Management LLC for approximately $1.33 billion, inclusive of approximately $500 million of debt under the EPIC Term Loan, plus potential earnout of up to approximately $157 millio (closed 2025-11-01).

“Effective November 1, 2025, in a separate transaction from the EPIC 55% Transaction, Buyer also completed the purchase of the remaining 45% equity interest in EPIC Crude Holdings and the remaining 45% of the membership interests in EPIC GP from a subsidiary of Ares Management LLC (the “Ares Seller”) pursuant to that certain definitive Equity Purchase Agreement (the “EPA”) among Buyer and the Ares Seller, for a purchase price of approximately $1.33 billion, inclusive of approximately $500 million of debt under the EPIC Term Loan (as defined below) (the “EPIC 45% Transaction,” and, together with the EPIC 55% Transaction, the “Transactions”).”

PLAINS ALL AMERICAN PIPELINE LP completed an acquisition involving subsidiaries of Diamondback Energy, Inc. and Kinetik Holdings Inc. for approximately $1.57 billion, inclusive of approximately $600 million of debt under the EPIC Term Loan, plus potential earnout of approximately $193 million (closed 2025-10-31).

“On October 31, 2025, pursuant to that certain definitive Purchase and Sale Agreement (the “PSA”) entered into on August 30, 2025 by and among a wholly-owned subsidiary (the “Buyer”) of Plains All American Pipeline, L.P. (“PAA” or the “Registrant”), and subsidiaries of Diamondback Energy, Inc. and Kinetik Holdings Inc. (collectively, the “Sellers”), Buyer completed the purchase from Sellers of an aggregate 55% non-operated equity interest in EPIC Crude Holdings, LP (“EPIC Crude Holdings”), the entity that owns and operates the EPIC Crude Oil Pipeline (the “EPIC Pipeline”), and an aggregate 55% of the membership interests in EPIC Crude Holdings GP, LLC (“EPIC GP”), the general partner of EPIC Crude Holdings, for a purchase price of approximately $1.57 billion, inclusive of approximately $600 million of debt under the EPIC Term Loan (as defined below) (the “EPIC 55% Transaction”).”

Willie Chiang changed role as President at PLAINS ALL AMERICAN PIPELINE LP.

“Willie Chiang, Chairman of the Board and CEO, will assume the additional role of President effective upon the retirement of Mr. Pefanis.”

Harry Pefanis retired as President at PLAINS ALL AMERICAN PIPELINE LP.

“Harry Pefanis will retire as President of Plains All American Pipeline, L.P. and Plains GP Holdings, L.P. effective June 1, 2025.”

PLAINS ALL AMERICAN PIPELINE LP reported First-Quarter 2024 results: net income Net income attributable to PAA of $266 million, EPS Diluted net income per common unit $0.29. Guidance reaffirmed.

“Plains All American Reports First-Quarter 2024 Results Provides Update on Permian Long-Haul Contracting & Announces Bolt-on Acquisitions Houston, TX – May 3, 2024 – Plains All American Pipeline, L.P. (Nasdaq: PAA ) and Plains GP Holdings (Nasdaq: PAGP ) today reported first-quarter 2024 results and reaffirmed full-year 2024 Adjusted EBITDA guidance.”

PLAINS ALL AMERICAN PIPELINE LP updated its full-year 2024 guidance (reaffirmed).

“Reaffirming leverage ratio target range of 3.25x - 3.75x reflecting commitment to balance sheet strength and flexibility”

PLAINS ALL AMERICAN PIPELINE LP reported twelve months ended December 31, 2023 results: net income 1.23 billion.

“Full-year 2023 Net income attributable to PAA of $312 million and $1.23 billion, respectively”

PLAINS ALL AMERICAN PIPELINE LP reported three months ended December 31, 2023 results: net income 312 million.

“Fourth-quarter and full-year 2023 Net income attributable to PAA of $312 million and $1.23 billion, respectively”

PLAINS ALL AMERICAN PIPELINE LP reported third-quarter 2023 results: net income $203 million. Guidance raised.

“Plains All American Reports Third-Quarter 2023 Results & Raises 2023 Guidance”

PLAINS ALL AMERICAN PIPELINE LP: Revised definition of 'Permitted Transfer' in AAP LP Agreement to allow KAFU to transfer Partnership Group Interests to its limited partners under certain conditions (effective 2023-08-17).

“to one or more of its limited partners, provided that any such transfer, when considered together with contemporaneous transfers by KAFU of any portion of its Partnership Group Interests to affiliates of such limited partner, involves an aggregate of no less than 125,000 Partnership Group Interests.”

PLAINS ALL AMERICAN PIPELINE LP updated its full-year 2023 guidance (reaffirmed).

“Maintaining 2023 investment and maintenance capital guidance of $325 million and $195 million respectively”

PLAINS ALL AMERICAN PIPELINE LP reported second-quarter 2023 results: net income Net income attributable to PAA of $293 million, EPS $0.32 per diluted share.

“Plains All American Reports Second-Quarter 2023 Results and Provides Updated 2023 Guidance”

PLAINS ALL AMERICAN PIPELINE LP shareholders approved Approval, on a non-binding advisory basis, of our 2022 named executive officer compensation at the 2023-05-24 meeting.

“3. Unitholders (other than Plains AAP, L.P.) voted to instruct PAA to vote the PAGP Class C shares that it owns at the PAGP annual meeting on the approval, on a non-binding advisory basis, of our 2022 named executive officer compensation as follows: For Against Abstained Percentage of Votes Cast FOR* Broker Non-Votes 305,972,882 3,281,877 2,163,481 98.3% 118,539,575”

PLAINS ALL AMERICAN PIPELINE LP shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as PAGP’s and PAA’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-24 meeting.

“2. Unitholders (other than Plains AAP, L.P.) voted to instruct PAA to vote the PAGP Class C shares that it owns at the PAGP annual meeting on the ratification of the appointment of PricewaterhouseCoopers LLP as PAGP’s and PAA’s independent registered public accounting firm for the fiscal year ending December 31, 2023 as follows: For Against Abstained Percentage of Votes Cast FOR* Broker Non-Votes 423,410,208 5,114,650 1,432,957 98.5% -0-”

PLAINS ALL AMERICAN PIPELINE LP shareholders approved Election of four Class I directors to serve on the board of directors of PAA GP Holdings LLC until the 2026 annual meeting at the 2023-05-24 meeting.

“1. Unitholders (other than Plains AAP, L.P.) voted to instruct PAA to vote the PAGP Class C shares that it owns at the PAGP annual meeting on the election of four Class I directors to serve on the board of directors of PAA GP Holdings LLC until the 2026 annual meeting as follows: Nominees For Withheld Percentage of Votes Cast FOR* Broker Non-Votes 1. Willie Chiang 309,138,731 2,279,510 99.3% 118,539,574 2. Ellen DeSanctis 309,854,944 1,563,297 99.5% 118,539,574 3. Alexandra Pruner 302,878,188 8,540,053 97.3% 118,539,574 4. Larry Ziemba 308,458,841 2,959,400 99.1% 118,539,574”

PLAINS ALL AMERICAN PIPELINE LP reported Three Months Ended March 31, 2023 results: net income $ 422, EPS $ 0.52. Guidance reaffirmed.

“Three Months Ended March 31, % GAAP Results 2023 2022 Change Net income attributable to PAA $ 422 $ 187 126 % Diluted net income per common unit $ 0.52 $ 0.19 174 %”

PLAINS ALL AMERICAN PIPELINE LP reported fourth-quarter and full-year 2022 results: net income $263 million and $1.04 billion, respectively.

“Plains All American Reports Fourth-Quarter and Full-Year 2022 Results”

PLAINS ALL AMERICAN PIPELINE LP reported third-quarter 2022 results: net income $384 million, EPS $0.48. Guidance raised.

“Plains All American Reports Third-Quarter 2022 Results, Increases 2022 Guidance and Announces Multi-Year Capital Allocation Framework Houston, TX – November 2, 2022 – Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported third-quarter 2022 results and provided the following highlights and increase to 2022 guidance: • Third-quarter Net income attributable to PAA of $384 million”

Ellen R. DeSanctis was appointed as independent member of the Board at PLAINS ALL AMERICAN PIPELINE LP.

“appointed, effective August 15, 2022, Ellen R. DeSanctis as an independent member of the Board”

Kevin McCarthy was appointed as Director at PLAINS ALL AMERICAN PIPELINE LP.

“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.”