Mergers & Acquisitions ·
Plains All American Pipeline reports pro forma net income of $975M after acquiring full ownership of EPIC Crude
PAAPlains All American Pipeline LP
Plains All American Pipeline, L.P. filed a current report to provide unaudited pro forma financial results reflecting the acquisition of EPIC Crude Holdings, LP. The company completed the purchase of a 55% non-operated equity interest in October 2025 and acquired the remaining 45% effective November 1, 2025, resulting in full ownership of the Cactus III Pipeline operator. Pro forma net income attributable to PAA for the year ended December 31, 2025, was $975 million, compared to historical PAA net income of $1,052 million. The pro forma statement includes $47 million in incremental depreciation and $55 million in amortization expense, along with $94 million in interest expense related to $1,901 million in financing. Plains All American Pipeline, L.P. operates in the midstream energy sector, owning and operating pipelines for crude oil and natural gas.