Welcome to our dedicated page for Plains All Amer news (Ticker: PAA), a resource for investors and traders seeking the latest updates and insights on Plains All Amer stock.
Plains All American Pipeline, L.P. operates as a publicly traded master limited partnership focused on midstream energy infrastructure and logistics for crude oil and natural gas liquids. Its network includes pipeline gathering and transportation systems, terminals, storage, processing, fractionation and related assets serving producing basins, transportation corridors, market hubs and export outlets in the United States and Canada.
Recurring PAA news covers operating and financial results, quarterly cash distributions on common and preferred units, capital-structure updates, material agreements and portfolio actions. Company updates also include developments tied to crude oil systems such as EPIC/Cactus III, NGL infrastructure, credit and debt financing activity, and coordination with Plains GP Holdings on distribution and earnings announcements.
Plains All American Pipeline (Nasdaq:PAA) and Plains GP Holdings completed the sale of Plains Midstream Canada, which held most of PAA’s Canadian NGL business, to Keyera.
The deal generated about $3.3 billion in net cash, to be used mainly for debt repayment, and is expected to move leverage toward the middle of Plains’ 3.25–3.75x target range.
Plains All American Pipeline (Nasdaq:PAA) and Plains GP Holdings (Nasdaq:PAGP) appointed Cynthia B. Taylor as an independent Class III director of PAA GP Holdings.
She will serve on the Compensation and Health, Safety, Environmental and Sustainability committees and brings 30+ years of energy-sector and public company leadership experience.
Plains All American (Nasdaq: PAA) reported Q1 2026 results and raised full‑year guidance. Q1 net income attributable to PAA was $152 million; Q1 Adjusted EBITDA attributable to PAA was $730 million. Pro forma leverage was 4.1x at quarter‑end. The company increased the midpoint of 2026 Adjusted EBITDA guidance by $130 million to $2.880 billion ± $75 million and raised full‑year Adjusted Free Cash Flow guidance to approximately $1.85 billion (excluding certain items). The pending Canadian NGL divestiture is expected to close in May 2026 and has been classified as discontinued operations.
Plains All American Pipeline (Nasdaq: PAA) and Plains GP Holdings provided an update on the planned sale of their Canadian NGL business to Keyera Corp.
PAA and affiliates received a filing from the Canadian Competition Bureau challenging the transaction; the filing does not legally block closing. Keyera and PAA intend to close the deal in May 2026. Completion will make Plains a pure play crude oil midstream company with integrated Canada-to-Gulf Coast assets.
Plains All American Pipeline (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) declared quarterly cash distributions for Q1 2026 payable May 15, 2026, to holders of record May 1, 2026. PAA and PAGP distributions are $0.4175 per common/unit; PAA Series A is $0.61524; Series B quarterly floating distribution is $19.84.
The companies warned part of PAGP’s 2026 distributions may be taxable as dividends due to a pending NGL assets sale and said Form 8937 will clarify tax treatment. Q1 2026 earnings release is scheduled pre-market May 8, 2026, with a 9:00 a.m. CT earnings call.
Plains All American Pipeline (Nasdaq: PAA) and Plains GP Holdings provided an updated timing for the sale of their Canadian NGL business to Keyera Corp, now expected to close in May 2026.
The transaction is progressing through regulatory review by the Competition Bureau; Plains and Keyera are conducting integration planning to support a smooth transition. Completion would refocus Plains into a pure play crude oil midstream company with integrated assets from Canada to the U.S. Gulf Coast.
Plains All American (Nasdaq: PAA) reported fourth-quarter 2025 net income attributable to PAA of $342 million and full-year 2025 net income of $1.435 billion. Net cash provided by operating activities was $785 million in Q4 and $2.94 billion for 2025. Adjusted EBITDA attributable to PAA totaled $738 million in Q4 and $2.833 billion for 2025.
The company expects 2026 Adjusted EBITDA midpoint of $2.75 billion (+/− $75 million), announced a $0.15 per unit annualized distribution increase (10%), and noted a pro forma leverage ratio of 3.9x with an anticipated NGL divestiture closing in Q1 2026.
Plains All American Pipeline (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced quarterly cash distributions for Q4 2025 payable Feb 13, 2026 (PAA common units and PAGP Class A shares) to holders of record Jan 30, 2026.
PAA common units and PAGP Class A shares: $0.4175 per unit ($1.67 annualized), a $0.0375 increase versus November 2025 (10% annualized). PAA Series A preferred: $0.61524 quarterly (~$2.46 annualized). PAA Series B preferred: $21.02 quarterly (floating rate), payable Feb 17, 2026, record Feb 2, 2026.
The companies said PAGP expects part of 2026 distributions to be taxable as dividends due to a pending NGL assets sale. Q4 2025 earnings will be released before market open on Feb 6, 2026, followed by a 9:00 a.m. CT conference call and webcast.
Plains All American (Nasdaq: PAA) priced a public offering of $750 million aggregate principal amount of senior notes on Nov 10, 2025, composed of $300 million 4.70% notes due 2031 and $450 million 5.60% notes due 2036.
The 2031 Notes priced at 99.872% of face and the 2036 Notes at 100.518%. These are additional issuances to September 8, 2025 notes. The offering is expected to close on Nov 14, 2025. Net proceeds are estimated at ≈$747.2 million for general partnership purposes, including repayment of indebtedness, intra-group lending, capital expenditures, and working capital.
Plains All American (Nasdaq: PAA) reported Q3 2025 net income of $441M and Adjusted EBITDA attributable to PAA of $669M, exiting the quarter with a 3.3x leverage ratio. Management raised $1.25B of senior unsecured notes in September. Plains completed acquisitions to own 100% of EPIC, paying approximately $1.33B (including ~$500M debt) plus a potential earnout up to $157M; company expects mid‑teens returns and a ~10x 2026 EBITDA multiple for EPIC.
Plains forecasts full‑year 2025 Adjusted EBITDA of $2.84–$2.89B, including ~$40M from EPIC, and expects the Canadian NGL sale to close in Q1 2026.