Highest-materiality recent filing
Plains completes sale of Canadian NGL business to Keyera for ~$3.3B net proceeds
Sale closed May 12, 2026; cash consideration ~CAD $5.13B (~USD $3.76B); net proceeds ~$3.3B.
Net income attributable to PAA of $152M, down 66% from $443M in Q1 2025; diluted EPS $0.14 vs $0.49.
Plains All American Q4 2025 net income $342M; adj. EBITDA $738M; distribution increased 10%
Q4 2025 net income attributable to PAA $342M vs $36M YoY; full-year $1.435B vs $772M.
PAGP completes acquisition of 100% of EPIC Crude Holdings, now operates EPIC Pipeline
Purchased 55% from Diamondback/Kinetik (Oct 31) and 45% from Ares (Nov 1) for full ownership.
PAA terminates $1.2B EPIC credit, repays $1.1B; enters new $1.1B term loan
On Dec 1, 2025, PAA terminated the EPIC Credit Agreement and repaid $1.1B outstanding on the EPIC Term Loan.
Plains GP completes acquisition of 100% of EPIC Pipeline for ~$2.9B
Acquired 55% from Diamondback/Kinetik for $1.57B and 45% from Ares for $1.33B, total consideration ~$2.9B.
Plains Q3 net income $441M; acquires 100% of EPIC crude pipeline for ~$1.33B
Net income $441M ($0.55 diluted EPS); adjusted EBITDA attributable to PAA $669M.
$700M 4.700% Senior Notes due 2031 and $550M 5.600% Senior Notes due 2036 issued by PAA and PAA Finance Corp.
Plains to acquire 55% stake in EPIC Crude Holdings for ~$1.57B
Base purchase price ~$1.57B, including ~$600M debt; earnout of $193M if pipeline expansion to 900k bpd sanctioned by 2027.
Plains GP extends CEO award expiration to 2030, grants special retention awards to two executives
CEO Willie Chiang's 2018 Promotional Grant extended from Oct 2025 to Oct 2030; 500,000 phantom units unchanged.
Plains GP Q2 net income $210M (PAA), NGL sale to Keyera for $3.75B
Net income attributable to PAA $210M ($0.21/unit), down 16% YoY; adjusted EBITDA $672M flat.
Plains All American sells Canadian NGL business to Keyera for ~$3.75B USD
Cash consideration of C$5.15B (~$3.75B USD); expected close Q1 2026 subject to regulatory approvals.
Plains GP Q1 net income $443M, up 67% YoY; distribution raised 20% to $0.38/unit
Net income attributable to PAA $443M, up 67% YoY; diluted EPS $0.49 vs $0.29.
Plains All American Q4 net income $36M; 2025 EBITDA guidance $2.80-2.95B
Q4 2024 net income $36M, down 88% YoY; full-year $772M vs $1.23B in 2023.
PAA completes $1B offering of 5.950% Senior Notes due 2035
Issued $1 billion aggregate principal amount of 5.950% Senior Notes due June 15, 2035 via public offering.
Acquired Ironwood Midstream (Eagle Ford gathering) from EnCap Flatrock for ~$475M; expected close Q1 2025.
Plains All American Q3 net income $220M, Adj EBITDA $659M; guides toward FY high-end
Q3 net income $220M, up 8% YoY; diluted EPS $0.22 GAAP, adjusted $0.37.
Plains GP Holdings subsidiaries amend two credit agreements, extend maturities to 2029 and 2027
Plains All American Pipeline and Plains Midstream Canada extended their revolving credit facility maturity from August 18, 2028 to August 17, 2029.
Plains GP Q2 net income $250M, raises FY 2024 EBITDA guidance to $2.75B midpoint
Net income $250M ($0.26 diluted EPS), down 15% YoY from $293M ($0.32).
Plains GP subsidiary PAA issues $650M of 5.700% Senior Notes due 2034
Issuers: Plains All American Pipeline, L.P. and PAA Finance Corp. issue $650M principal of 5.700% Senior Notes due 2034.
Plains All American Q1 Adj. EBITDA $718M, raises distribution 19%, bolt-on acquisitions $110M
Q1 net income $266M, Adj. EBITDA attributable to PAA $718M; on track to full-year guidance $2.625-2.725B.
Plains GP reports Q4 net income $312M, Adj. EBITDA $737M; guides 2024 Adj. EBITDA $2.625-2.725B
Q4 2023 net income attributable to PAA $312M (+19% YoY); diluted EPS $0.35 GAAP, $0.42 adjusted.
Plains All American Q3 Adj EBITDA $662M, raises FY23 guidance, plans 19% distribution hike
Q3 Net income $203M ($0.20 diluted EPS); Adj EBITDA attributable to PAA $662M vs $623M YoY.
Plains All American Q2 net income $293M; raises 2023 EBITDA to high-end; Permian bolt-on
Q2 net income attributable to PAA $293M ($0.32/unit), up 44% YoY; adjusted EBITDA $597M.
Plains reports Q1 net income $422M, reaffirms 2023 guidance
Net income of $422M ($0.52 diluted EPS), up 126% YoY; Adj. EBITDA attributable to PAA $715M.
Plains All American Q4 adj EBITDA $659M; 2023 guidance $2.45-2.55B; distribution raised
Q4 2022 net income $263M ($0.30/unit); full-year net income $1.04B ($1.19/unit).
Plains All American Q3 net income $384M, raises FY22 EBITDA guide to $2.45B, boosts distribution
Q3 net income attributable to PAA $384M vs ($59M) loss a year ago; adjusted EBITDA $623M.
Plains GP Q2 net income $203M; raises FY22 Adj. EBITDA guidance to ~$2.375B
Net income attributable to PAA of $203M, vs loss of $220M in Q2 2021; diluted EPS $0.22.
effective September 1, 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.
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.
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.
Harry Pefanis will retire as President of Plains All American Pipeline, L.P. and Plains GP Holdings, L.P. effective June 1, 2025.
Willie Chiang, Chairman of the Board and CEO, will assume the additional role of President effective upon the retirement of Mr. Pefanis.
On July 26, 2022, the board of directors (the “Board”) of Plains GP Holdings, L.P.’s (“PAGP” or the “Registrant”) general partner, PAA GP Holdings LLC (the “Company”), appointed, effective August 15, 2022, Ellen R. DeSanctis as an independent member of the Board serving in Class I.
Max materiality 0.95 · Median 0.60 · Most common event earnings