Plains All American Q2 FY26 net income attributable to PAA swings to profit of $1.83 billion; revenue rises to $17.69 billion

Reuters2026/08/07 11:32

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Plains All American posts Q2 net income attributable to PAA of $1.83 billion, boosted by an about $1.6 billion gain on the Canadian NGL divestiture.
Adjusted EBITDA attributable to PAA rises 10% to $738 million from a year earlier.
Net cash provided by operating activities climbs 38% to $956 million; quarterly cash distribution increases 10% to $0.4175 per unit.
Pro forma leverage ratio ends the quarter at 3.3x after about $2.9 billion of debt reduction funded by divestiture proceeds.
2026 organic growth capital guidance raised to $400 million-$450 million, including a 75 Mbbl/d Cactus III expansion; maintenance capital guidance cut by $10 million to $175 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plains All American Pipeline LP published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608070730PRIMZONEFULLFEED9805876) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Plains All American Q2 FY26 net income attributable to PAA swings to profit of $1.83 billion; revenue rises to $17.69 billion

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