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Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of First Quarter 2025 Earnings

1. PAA declares $0.38 distribution per unit, unchanged from February 2025. 2. PAGP also announces $0.38 distribution per Class A share, unchanged from February. 3. Quarterly cash distributions payable on May 15, 2025, after May 1 cutoff. 4. First quarter 2025 earnings announcement is scheduled for May 9, 2025. 5. PAA maintains extensive midstream energy infrastructure throughout the U.S. and Canada.

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FAQ

Why Neutral?

The distribution maintains previous levels, indicating stability but no growth potential. Historically, unchanged distributions may lead to a neutral market response.

How important is it?

The stability in distributions signals financial health, though no growth indicates limited excitement. Investors might revisit positions depending on the earnings report.

Why Short Term?

The upcoming earnings report could lead to immediate price volatility based on results. Market reactions to such announcements often occur in the short term.

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PAGPXOMCVXKMI
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 Share ($1.52 per Class A Share on an annualized basis), which is unchanged from the distribution paid in February 2025.PAA Series A Preferred Units – $0.61524 per Series A Preferred Unit (approximately $2.46 per unit on an annualized basis).PAA Series B Preferred Units - $21.49 per Series B Preferred Unit (based on the applicable quarterly floating rate). Although equity holders should consult their own tax advisor regarding their particular circumstances, the PAGP cash distribution per Class A Share is expected to be a non-taxable return of capital to the extent of a Class A Shareholder’s tax basis in each PAGP Class A Share and a reduction in such tax basis. In addition, to the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as a capital gain. Qualified Notices under Treasury Regulation Section 1.1446 with respect to the PAA Common Unit distribution and PAA Series B Preferred Unit distribution will be posted on the Plains website under “Investor Relations – Unit Information.” First Quarter 2025 Earnings Timing PAA and PAGP also announced that they will release first quarter 2025 earnings before market open on Friday, May 9, 2025. Following the announcement, PAA and PAGP will host a conference call at 9:00 a.m. CT (10 a.m. ET) with analysts and investors to discuss earnings. The call will be webcast live on the internet and may be accessed through the "Investors Relations” section of the website at www.plains.com. An audio replay will be available on the website after the call. About Plains PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. On average, PAA handles approximately eight million barrels per day of crude oil and NGL.  PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America.  PAA and PAGP are headquartered in Houston, Texas. More information is available at www.plains.com. Investor Relations Contacts: Blake FernandezMichael GladsteinPlainsIR@plains.com(866) 809-1291

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