Earnings ·
Plains All American Pipeline reported second-quarter 2026 net income of $1.83 billion, driven by a $1.6 billion gain…
PAAPUPlains All American Pipeline LP
Plains All American Pipeline reported second-quarter 2026 net income of $1.83 billion, driven by a $1.6 billion gain from the May divestiture of its Canadian NGL business to Keyera Corp. Adjusted EBITDA attributable to PAA reached $738 million, while pro forma leverage decreased to 3.3x following approximately $2.9 billion in debt reduction. The company paid a quarterly cash distribution of $0.4175 per unit and raised its 2026 organic growth capital guidance to $400–$450 million. Plains All American Pipeline operates as a midstream energy company, primarily owning and operating crude oil pipelines and storage facilities in the United States.