Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Second Quarter 2025 Earnings

Rhea-AI Summary

Plains All American Pipeline (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) have announced their quarterly distributions for Q2 2025. Both companies will maintain their quarterly distributions at $0.38 per unit/share ($1.52 annualized), payable on August 14, 2025, to holders of record as of July 31, 2025.

Additionally, PAA declared distributions for its preferred units: $0.61524 per Series A Preferred Unit and $22.23 per Series B Preferred Unit. The companies will release their Q2 2025 earnings before market open on Friday, August 8, 2025, followed by a conference call at 9:00 a.m. CT.

Positive

• Maintained stable quarterly distribution of $0.38 per unit/share
• Consistent distribution policy demonstrates financial stability

Negative

• None.

HOUSTON, July 02, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced today their quarterly distributions with respect to the second quarter of 2025 and also announced timing of second quarter 2025 earnings.

Second Quarter Distribution Declaration
PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on August 14, 2025 to holders of the respective securities at the close of business on July 31, 2025:

• PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which is unchanged from the distribution paid in May 2025.
• PAGP Class A Shares – $0.38 per Class A Share ($1.52 per Class A Share on an annualized basis), which is unchanged from the distribution paid in May 2025.
• PAA Series A Preferred Units – $0.61524 per Series A Preferred Unit (approximately $2.46 per unit on an annualized basis).
  

For its Series B Preferred Units, PAA announced a quarterly distribution of $22.23 per Series B Unit (based on the applicable quarterly floating rate), which will be payable on August 15, 2025 to holders of record at the close of business on August 1, 2025.

Although equity holders should consult their own tax advisor regarding their particular circumstances, the PAGP cash distribution per Class A Share is expected to be a non-taxable return of capital to the extent of a Class A Shareholder’s tax basis in each PAGP Class A Share and a reduction in such tax basis. In addition, to the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as a capital gain. Qualified Notices under Treasury Regulation Section 1.1446 with respect to the PAA Common Unit distribution and PAA Series B Preferred Unit distribution will be posted on the Plains website under “Investor Relations – Unit Information.”

Second Quarter 2025 Earnings Timing
PAA and PAGP also announced that they will release second quarter 2025 earnings before market open on Friday, August 8, 2025. Following the announcement, PAA and PAGP will host a conference call at 9:00 a.m. CT (10 a.m. ET) with analysts and investors to discuss earnings. The call will be webcast live on the internet and may be accessed through the "Investors Relations” section of the website at www.plains.com. An audio replay will be available on the website after the call.

About Plains
PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. On average, PAA handles approximately eight million barrels per day of crude oil and NGL. 

PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. 

PAA and PAGP are headquartered in Houston, Texas. More information is available at www.plains.com.

Investor Relations Contacts:
Blake Fernandez
Michael Gladstein
PlainsIR@plains.com
(866) 809-1291

FAQ

What is PAA's quarterly distribution for Q2 2025?

PAA's quarterly distribution is $0.38 per Common Unit ($1.52 annualized), unchanged from the previous quarter.

When will Plains All American (PAA) report Q2 2025 earnings?

PAA will release Q2 2025 earnings before market open on Friday, August 8, 2025, followed by a conference call at 9:00 a.m. CT.

What is the record date for PAA's Q2 2025 distribution?

The record date for PAA's Q2 2025 distribution is July 31, 2025, with payment scheduled for August 14, 2025.

What is the distribution amount for PAA's Series A and B Preferred Units?

PAA will distribute $0.61524 per Series A Preferred Unit and $22.23 per Series B Preferred Unit for Q2 2025.

Are PAGP's distributions expected to be taxable for Q2 2025?

PAGP's cash distribution is expected to be a non-taxable return of capital to the extent of a Class A Shareholder's tax basis, though shareholders should consult their tax advisors.