PAA - Earnings announcements

HOUSTON, May 08, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ: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 millionDelivered first-quarter Adjusted EBITDA attributable to PAA of $730 millionPro forma leverage ratio of 4.1x at quarter-end; expect to return toward the midpoint of the target range of 3.25 to 3.75x following closing of the NGL divestiture and migrating toward lower-end of the range by year-endPaid a quarterly cash distributi

HOUSTON, April 06, 2026 (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 first quarter of 2026 and also announced timing of first quarter 2026 earnings. First Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on May 15, 2026, to holders of the respective securities at the close of business on May 1, 2026: PAA Common Units – $0.4175 per Common Unit ($1.67 per unit on an annualized basis), which is unchanged from the distribution paid in February 2026.PAGP Class A Shares – $0.4175 per Clas

HOUSTON, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported fourth-quarter and full-year 2025 results, announced 2026 guidance and provided the following highlights: Fourth Quarter and Full-Year 2025 Results Fourth-quarter and full-year 2025 Net income attributable to PAA of $342 million and $1.435 billion, respectively, and 2025 Net cash provided by operating activities of $785 million and $2.94 billion, respectivelyDelivered fourth-quarter and full-year 2025 Adjusted EBITDA attributable to PAA of $738 million and $2.833 billion, respectivelyPro forma leverage ratio of 3.9x at year-end 2025; expect to ret

HOUSTON, Jan. 05, 2026 (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 fourth quarter of 2025 and also announced timing of fourth quarter 2025 earnings. Fourth Quarter Distribution DeclarationPAA and PAGP announced the following quarterly cash distributions, each of which will be payable on February 13, 2026, to holders of the respective securities at the close of business on January 30, 2026: PAA Common Units – $0.4175 per Common Unit ($1.67 per unit on an annualized basis), which represents a $0.0375 increase from the distribution paid in November 2025 ($0.15 per u

HOUSTON, Oct. 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 third quarter of 2025 and also announced timing of third quarter 2025 earnings. Third Quarter Distribution DeclarationPAA and PAGP announced the following quarterly cash distributions, each of which will be payable on November 14, 2025 to holders of the respective securities at the close of business on October 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 August 2025.PAGP Class A Shares – $0.38 per Clas

HOUSTON, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported solid second-quarter 2025 results and provided the following highlights: Second-Quarter Results Reported net income attributable to PAA of $210 million and net cash provided by operating activities of $694 millionDelivered Adjusted EBITDA attributable to PAA of $672 millionExited the quarter with 3.3x leverage ratio, toward the low-end of our target range of 3.25x - 3.75x Highlights and Recent Announcements Executed agreements to divest substantially all of our NGL business for total cash consideration of approximately $5.15 billion CAD ($3.75

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 DeclarationPAA 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 Sh

HOUSTON, May 09, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported first-quarter 2025 results and provided the following highlights: First-Quarter Results Reported net income attributable to PAA of $443 million and net cash provided by operating activities of $639 millionDelivered Adjusted EBITDA attributable to PAA of $754 millionExited the quarter with 3.3x leverage ratio, toward the low end of our target range of 3.25x - 3.75x (includes previously announced and closed transactions)Paid a quarterly cash distribution of $0.38 per unit ($1.52 per unit annualized), representing a current distribution yield

HOUSTON, April 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 first quarter of 2025 and also announced timing of first quarter 2025 earnings. First Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on May 15, 2025 to holders of the respective securities at the close of business on May 1, 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 February 2025.PAGP Class A Shares – $0.38 per Class A Sh

HOUSTON, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported fourth-quarter and full-year 2024 results, announced 2025 guidance and provided the following highlights: 2024 Results Fourth-quarter and full-year 2024 Net income attributable to PAA of $36 million and $772 million, respectively, and 2024 Net cash provided by operating activities of $726 million and $2.49 billion, respectivelyDelivered strong fourth-quarter and full-year 2024 Adjusted EBITDA attributable to PAA above the top-end of guidance with $729 million and $2.78 billion, respectivelyGenerated full-year 2024 Adjusted Free Cash Flow (excl

HOUSTON, Jan. 07, 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 fourth quarter of 2024 and also announced timing of fourth quarter 2024 earnings. Fourth Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which represents a $0.0625 increase from the distribution paid in November 2024 ($0.25 per unit increase, or 20%, on an annualized basis).PAGP Class A Shares – $0.38 per Class A Share ($1.52 per Class A Share on an annualized basi

HOUSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported third-quarter 2024 results. Third-Quarter Results Reported net income attributable to PAA of $220 million and net cash provided by operating activities of $692 millionDelivered solid Adjusted EBITDA attributable to PAA of $659 millionProgressed our efficient growth strategy with a small bolt-on acquisition of a Permian gathering systemExited the quarter with 3.0x leverage ratio, below our target range of 3.25x – 3.75xReceived Moody's upgrade from Baa3 to Baa2 with stable outlook; now mid-BBB at all three credit rating agenciesResolved remainin

HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the third quarter of 2024 and also announced timing of third quarter 2024 earnings. Third Quarter Distribution Declaration  PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in August 2024.PAGP Class A Shares – $0.3175 per Class A Share ($1.27 per Class A Share on an annualized basis), which is unchanged from the distribution paid in August 2024.PAA Series

HOUSTON, July 03, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the second quarter of 2024 and also announced timing of second quarter 2024 earnings. Second Quarter Distribution Declaration  PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in May 2024.PAGP Class A Shares – $0.3175 per Class A Share ($1.27 per Class A Share on an annualized basis), which is unchanged from the distribution paid in May 2024.PAA Series A

Provides Update on Permian Long-Haul Contracting & Announces Bolt-on Acquisitions HOUSTON, May 03, 2024 (GLOBE NEWSWIRE) -- 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 also provided updates on Permian long-haul contracting and announced two bolt-on acquisitions. First-Quarter Results Reported Net income attributable to PAA of $266 million and Net cash provided by operating activities of $419 millionDelivered Adjusted EBITDA attributable to PAA of $718 million; on-track to meet full-year guidance of $2.625 - $2.725 billionGenerated Adjusted Fre

HOUSTON, April 04, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the first quarter of 2024 and also announced timing of first quarter 2024 earnings. First Quarter Distribution Declaration  PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on May 15, 2024 to holders of the respective securities at the close of business on May 1, 2024: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in February 2024.PAGP Class A Shares – $0.3175 per Class

HOUSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2023 and also announced timing of fourth quarter 2023 earnings. Fourth Quarter Distribution Declaration  PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on February 14, 2024 to holders of the respective securities at the close of business on January 31, 2024: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which represents a $0.05 increase from the distribution paid in November 2023 ($0.20

HOUSTON, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported third-quarter 2023 results and provided updated 2023 guidance as highlighted below. Plains also provided additional information regarding its multi-year capital allocation framework and announced two bolt-on acquisitions in the Permian Basin. Third-Quarter Results Reported Net income attributable to PAA of $203 million and Net cash provided by operating activities of $85 million.Delivered strong results with Adjusted EBITDA attributable to PAA of $662 million. 2023 Guidance Update Raising guidance for full-year 2023 Adjusted EBITDA attr

HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release third-quarter 2023 earnings before market open on Friday, November 3, 2023 and will hold a joint webcast on the same day as follows: What: Third-quarter 2023 earnings webcast When: Friday, November 3, 2023 10:00 a.m. ET; 9:00 a.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/m7siujui How: Live over the internet – log on at either of the addresses above The slide presentation accompanying the conference call materials will be posted prior to the call at www.plains.com under the "Investor Relations" sections of the

HOUSTON, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported second-quarter 2023 results and provided updated 2023 guidance as highlighted below. Plains also announced a bolt-on acquisition in the Permian and provided updates regarding its NGL segment. Second-Quarter Results Reported Net income attributable to PAA of $293 million & Net cash provided by operating activities of $888 million.Delivered strong results with Adjusted EBITDA attributable to PAA of $597 million. Permian Bolt-on Acquisition A subsidiary of Plains Oryx Permian Basin LLC acquired Diamondback Energy's 43% interest in OMOG JV LLC for

HOUSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release second-quarter 2023 earnings before market open on Friday, August 4, 2023 and will hold a joint webcast on the same day as follows: What: Second-quarter 2023 earnings webcast When: Friday, August 4, 2023 10:00 a.m. ET; 9:00 a.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/w4wbvvbs How: Live over the internet – log on at either of the addresses above The slide presentation accompanying the conference call materials will be posted prior to the call at www.plains.com under the "Investor Relations" section

HOUSTON, May 05, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported first-quarter 2023 results and reaffirmed 2023 guidance as highlighted below: First-Quarter Results Reported Net income attributable to PAA of $422 million and Net cash provided by operating activities of $743 millionDelivered strong Adjusted EBITDA attributable to PAA of $715 million Generated Free Cash Flow of $823 million, including approximately $284 million of asset sales Reduced total debt by approximately $450 millionIncreased annualized common distribution by $0.20 to $1.07 per unit (~23% increase, paid in February) Reaffirmed 2023 Guidan

HOUSTON, April 06, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release first-quarter 2023 earnings before market open on Friday, May 5, 2023 and will hold a joint webcast on the same day as follows: What: First-quarter 2023 earnings webcast When: Friday, May 5, 2023 10:00 a.m. ET; 9:00 a.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/fm5sgxph How: Live over the internet – log on at either of the addresses above Specific items we intend to address on the call include: PAA's first-quarter 2023 performance;Capitalization and liquidity; and2023 Financial guidance The slide presentat

HOUSTON, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release fourth-quarter and full-year 2022 earnings after market close on Wednesday, February 8, 2023 and will hold a joint webcast on the same day as follows: What: Fourth-quarter and Full-Year 2022 earnings webcast When: Wednesday, February 8, 2023 5:30 p.m. ET; 4:30 p.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/igr8sbqe How: Live over the internet – log on at either of the addresses above Specific items we intend to address on the call include: PAA's fourth-quarter and full-year 2022 performance;Capita

HOUSTON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- 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 and Net cash provided by operating activities of $941 million Delivered strong third-quarter Adjusted EBITDA attributable to PAA of $623 million Increased guidance for full-year 2022 Adjusted EBITDA attributable to PAA by $75 million to +/- $2.450 billion, representing a $250 million increase compared to initial February 2022 guidance as a result of increased Permian tariff volumes, higher co

HOUSTON, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release third-quarter 2022 earnings after market close on Wednesday, November 2, 2022 and will hold a joint webcast on the same day as follows: What: Third-quarter 2022 earnings webcast When: Wednesday, November 2, 2022 5:30 p.m. ET; 4:30 p.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/u9gkztmh How: Live over the internet – log on at either of the addresses above Specific items we intend to address on the call include: PAA's third-quarter 2022 performance;Capitalization and liquidity; andFinancial and oper

HOUSTON, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported second-quarter 2022 results and provided the following updates: Second-quarter Net income attributable to PAA of $203 million and Net cash provided by operating activities of $792 millionSecond-quarter Adjusted EBITDA attributable to PAA of $615 million and increased guidance for full-year 2022 Adjusted EBITDA attributable to PAA by $100 million to +/- $2.375 billionExpect further deleveraging to achieve mid-point (4.0x) of targeted leverage range by year-end 2022 (previously expected year-end leverage of 4.25x)Increased 2022 Asset Sales target to

HOUSTON, July 07, 2022 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release second-quarter 2022 earnings after market close on Wednesday, August 3, 2022 and will hold a joint webcast on the same day as follows: What: Second-quarter 2022 earnings webcast When: Wednesday, August 3, 2022 5:30 p.m. ET; 4:30 p.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/5ttt3v92 How: Live over the internet – log on at either of the addresses above Specific items we intend to address on the call include: PAA's second-quarter 2022 performance;Capitalization and liquidity; andFinancial and opera

HOUSTON, April 05, 2022 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release first-quarter 2022 earnings after market close on Wednesday, May 4, 2022 and will hold a joint webcast on the same day as follows: What: First-quarter 2022 earnings webcast When: Wednesday, May 4, 2022 5:00 p.m. ET; 4:00 p.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/hq8d7unf How: Live over the internet – log on at either of the addresses above Specific items we intend to address on the call include: PAA's first-quarter 2022 performance;Capitalization and liquidity; andFinancial and operating guidance The s

HOUSTON, Feb. 09, 2022 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported fourth-quarter and full-year 2021 results and provided the following updates: Summary Highlights Reported fourth-quarter and full-year 2021 Net income attributable to PAA of $450 million and $593 million, respectively, and 2021 Net cash provided by operating activities of $635 million and $1,996 million, respectivelyReported fourth-quarter and full-year 2021 Adjusted EBITDA attributable to PAA of $564 million and $2,196 million, respectivelyGenerated full-year 2021 Free Cash Flow after Distributions, including $875 million of net asset sales proc

HOUSTON, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release fourth-quarter and full-year 2021 earnings after market close on Wednesday, February 9, 2022 and will hold a joint webcast on the same day as follows: What: Fourth-quarter and Full-Year 2021 earnings webcast When: Wednesday, February 9, 2022 5:00 p.m. ET; 4:00 p.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/69xonydi How: Live over the internet – log on at either of the addresses above Specific items we intend to address on the call include: PAA's fourth-quarter and full-year 2021 performance;Capitalization and

HOUSTON, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported third-quarter 2021 results and provided the following updates: Successfully completed formation of Plains Oryx Permian Basin strategic joint venture (closed October 5th); cashless transaction, debt-free entity, near-term free cash flow accretive to Plains and Oryx, with targeted JV synergies of $50–$100 million or more Reported a net loss for the period of $59 million, including the non-cash impact of an approximately $220 million asset impairment charge Reported third-quarter Adjusted EBITDA of $519 million and maintained full-year 2021 Adjusted E

HOUSTON, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release third-quarter 2021 earnings after market close on Tuesday, November 2, 2021 and will hold a joint webcast on the same day as follows: What: Third-quarter 2021 earnings webcast When: Tuesday, November 2, 2021 5:00 p.m. ET; 4:00 p.m. CT Where: www.plainsallamerican.com or https://edge.media-server.com/mmc/p/mharyy4f How: Live over the internet – log on at either of the addresses above Specific items we intend to address on the call include: PAA's third-quarter 2021 performance;Capitalization and liquidity; andFinancial and operating

HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported second-quarter 2021 results and provided various other updates. Completed the sale of Plains' natural gas storage assets (transaction announced June 8th and closed August 2nd) resulting in net sales proceeds of approximately $850 million, a corresponding non-cash impairment charge of approximately $475 million, and a net loss for the second-quarter of $220 million Reported second-quarter Adjusted EBITDA of $579 million, increased full-year 2021 Adjusted EBITDA guidance by $25 million to +/- $2.175 billion, and reduced 2021 investment capital guidan