Plains All American Pipeline and Plains GP Holdings Announce Completion of Canadian NGL Divestiture
Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests (PAA)
Last plains all american pipeline, l.p. - common units representing limited partner interests earnings: 2/4 04:16 pm
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US:NYSE Investor Relations:
plainsallamerican.com/investor-relations
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Source: GlobeNewswire
HOUSTON, May 12, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) completed the previously announced sale of all of the issued and outstanding shares of Plains Midstream Canada ULC, the PAA subsidiary that owns substantially all of PAA’s natural gas liquids (NGL) business (the “Canadian NGL Business”) to Keyera Corp., an Alberta Corporation (“Keyera”), pursuant to the terms of a definitive Share Purchase Agreement dated as of June 17, 2025 (the “SPA”). Net cash proceeds from the sale were approximately $3.3 billion (net of purchase price adjustments, taxes and other related costs) and will be used to repay certain outstanding indebtedness and for other general partnership purposes. Post closing, Plains expects its leverage ratio to trend toward the middle of its targeted range of 3.25 to 3.75x. As previously disclosed, Plains does not anticipate paying a special distribution following the closin
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PAA
Earnings
- 5/8/26 - Miss
PAA
Sec Filings
- 6/2/26 - Form 8-K
- 5/22/26 - Form 8-K
- 5/20/26 - Form 3
- PAA's page on the SEC website