Plains All American Pipeline and Plains GP Holdings Quarterly Distribution Updates
In a recent announcement, Plains All American Pipeline, L.P. (NASDAQ: PAA) and Plains GP Holdings (NASDAQ: PAGP) shared key details regarding their quarterly cash distributions for the second quarter of 2025 and provided important information about their upcoming earnings report.
Quarterly Distribution Declaration
Plains All American Pipeline and Plains GP Holdings revealed that the quarterly cash distributions will be executed on August 14, 2025, for holders of the relevant securities as of July 31, 2025:
PAA Common Units
PAA common units will receive a distribution of $0.38 per unit, maintaining an annualized rate of $1.52, which remains unchanged since May 2025.
PAGP Class A Shares
Similarly, the distribution for PAGP Class A Shares is also set at $0.38 per share, reflecting the same annualized rate of $1.52, consistent with the previous distribution in May 2025.
PAA Series A and B Preferred Units
Additionally, for the Series A Preferred Units, a distribution of $0.61524 per unit is designated, amounting to roughly $2.46 on an annual basis. For PAA's Series B Preferred Units, a quarterly distribution of $22.23 will be issued, based on the applicable floating rate, payable on August 15, 2025, to those recorded by August 1, 2025.
Tax Information for Holders
Equity holders are encouraged to consult their tax advisors to understand the implications of these distributions. Specifically, the cash distributions for PAGP Class A Shares are anticipated to be non-taxable returns of capital, corresponding to the shareholders’ tax basis in each Class A share. Any distributions exceeding a shareholder’s tax basis might be recognized as taxable capital gains. For further clarity, Qualified Notices regarding PAA Common Units and PAA Series B Preferred Units distributions will be available on the Plains website under the “Investor Relations” section.
Earnings Release Timing for the Second Quarter 2025
Plains All American Pipeline and Plains GP Holdings also announced that they will disclose their second-quarter 2025 earnings before the market opens on August 8, 2025. Following this announcement, a conference call will be conducted at 9:00 AM Central Time, or 10:00 AM Eastern Time, to engage with analysts and investors regarding the earnings results. This call will be accessible via webcast through the 'Investor Relations' segment of the Plains website, with an audio replay available afterward.
Overview of Plains All American
PAA is recognized as a publicly traded master limited partnership that oversees and operates midstream energy infrastructure while providing valuable logistics services for crude oil and natural gas liquids. The firm's extensive pipeline gathering and transportation systems, along with storage, processing, and fractionation facilities, service essential production basins and export routes across the U.S. and Canada. Annually, PAA manages around eight million barrels per day of both crude oil and natural gas liquids.
On the other hand, PAGP represents a publicly traded entity that possesses an indirect, non-economic controlling general partner interest in PAA and a limited partner interest in PAA, which is among the largest energy logistics and infrastructure enterprises in North America. Both companies maintain their headquarters in Houston, Texas, and further information can be found directly on their official website.
Contact Information for Investor Relations
For inquiries, individuals can reach out to Blake Fernandez or Michael Gladstein at Plains. They can be contacted via email at PlainsIR@plains.com or by phone at (866) 809-1291.
Frequently Asked Questions
What are the distribution amounts announced by PAA and PAGP?
PAA and PAGP announced a distribution of $0.38 for common units and Class A shares, with PAA’s Series A and B preferred units detailed amounts as well.
When will these distributions be made?
The distributions are scheduled for August 14, 2025, except for the Series B preferred units, payable on August 15, 2025.
What are the implications for tax on these distributions?
The distributions for PAGP's Class A Shares are expected to be non-taxable returns of capital, while amounts exceeding tax basis may result in capital gains.
How can investors find more information about the earnings report?
Investors can access details regarding the earnings release on August 8, 2025, via a conference call, accessible through the Investor Relations section on the Plains website.
Where are Plains All American and Plains GP Holdings headquartered?
Both companies are headquartered in Houston, Texas, providing extensive energy infrastructure and logistics services.
