Highest-materiality recent filing
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 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 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 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.
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.
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).
Full-year 2024 Adjusted EBITDA attributable to PAA $2.78B, above guidance; 2025 outlook $2.80-2.95B.
Three bolt-on acquisitions for ~$670M net: Ironwood Midstream ($475M, closes Q1 2025), Medallion Midstream ($105M net), Midway Pipeline ($90M).
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 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 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).
Q3 2023 Net income attributable to PAA $203M (down 47% YoY); diluted EPS $0.20 (down 58%).
Net income $293M (+44% YoY); Adj. EBITDA $597M (-3%); Free Cash Flow $650M.
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%).
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 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 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.
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