Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Third Quarter 2026 Earnings

Plains will publish Form 8937 after quarterly payments to clarify the expected portion of the distribution taxed as a dividend.

Rhea-AI Summary

Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) declared unchanged quarterly distributions payable November 13, 2026.

For the third quarter of 2026, PAA common units and PAGP Class A shares will each receive $0.4175, or $1.67 annualized, unchanged from August 2026. Holders of record at the close of business October 30, 2026, qualify.

Following the NGL asset sale closing, PAGP said it may report positive current earnings and profits for Tax Year 2026, making part of its distribution taxable as a dividend. It does not estimate a material change to its previous forecast for when routine distributions become taxable dividends or PAGP becomes a taxpaying entity.

Both companies will release third-quarter earnings before market open November 6, 2026, followed by an analyst and investor call at 9:00 a.m. CT.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.PAGP distributions may be partly taxable as dividends for Tax Year 2026 following the NGL asset sale closing.
• Minor point. Forward-looking: it has not happened yet and may not happen.PAGP Class A distributions exceeding a shareholder’s tax basis should be taxable as capital gains.

News Explained

Plains says it will publish Form 8937 after distribution payment to clarify the expected portion of PAGP’s distribution treated as a dividend; any cash amount above a holder’s tax basis should be taxable as a capital gain.

Key Figures

PAA quarterly distribution: $0.4175 per common unit PAGP quarterly distribution: $0.4175 per Class A Share Distribution payment date: November 13, 2026 +1 more

PAA quarterly distribution

$0.4175 per common unit

Third quarter 2026; unchanged from August 2026

PAGP quarterly distribution

$0.4175 per Class A Share

Third quarter 2026; unchanged from August 2026

Distribution payment date

November 13, 2026

For holders of record at the close of business on October 30, 2026

Third-quarter earnings release

November 6, 2026

Before market open

Key Terms

form 8937, return of capital, qualified notice

3 terms

form 8937 regulatory

"Plains will publish Form 8937, Report of Organizational Actions Affecting Basis"

Form 8937 is a U.S. Internal Revenue Service disclosure companies file to explain how a corporate action—like a merger, spin-off, or stock split—changes the tax cost (tax basis) of an investor’s shares. It matters because that tax cost determines how much profit or loss you report when you sell, so the form is like an instruction sheet showing how to split or adjust the original purchase price for tax reporting.

return of capital financial

"routine PAGP distributions will shift from being a return of capital"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

qualified notice regulatory

"A Qualified Notice under Treasury Regulation Section 1.1446"

A qualified notice is a formal communication that meets the specific wording, timing and delivery rules set out in a contract, corporate policy or law so it is legally effective. Think of it like a certified letter that ticks every checkbox required by an agreement. Investors care because only a qualified notice can trigger rights or changes — such as deadlines, payments, defaults or board actions — and thus can materially affect a company’s obligations and share value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, Oct. 01, 2026 (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 third quarter of 2026 and also announced timing of third quarter 2026 earnings.

Third Quarter Distribution Declaration

PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on November 13, 2026, to holders of the respective securities at the close of business on October 30, 2026:

• PAA Common Units – $0.4175 per Common Unit ($1.67 per unit on an annualized basis), which is unchanged from the distribution paid in August 2026.
• PAGP Class A Shares – $0.4175 per Class A Share ($1.67 per Class A Share on an annualized basis), which is unchanged from the distribution paid in August 2026.
  
  

Although equity holders should consult their own tax advisor regarding their particular circumstances, following the close of the NGL asset sale, it is possible that PAGP will report positive current earnings and profits for the Tax Year 2026, making part of its Class A Share cash distribution taxable as a dividend. The transaction is not estimated to result in a material change in the previous forecast regarding when routine PAGP distributions will shift from being a return of capital to being taxed as dividends or when PAGP will become a taxpaying entity. Following payment of quarterly distributions, Plains will publish Form 8937, Report of Organizational Actions Affecting Basis of Securities to clarify the expected portion of the quarterly distribution that will be taxed as a dividend. In addition, to the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as a capital gain. A Qualified Notice under Treasury Regulation Section 1.1446 with respect to the PAA Common Unit distribution will be posted on the Plains website under “Investor Relations – Unit Information.”  

Third Quarter 2026 Earnings Timing

PAA and PAGP also announced that they will release third quarter 2026 earnings before market open on Friday, November 6, 2026. 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 primarily for crude oil. PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada.

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 Fernandez
Ross Hovde
PlainsIR@plains.com
(866) 809-1291

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much are the PAA and PAGP third-quarter 2026 distributions, and when are they paid?

PAA common units and PAGP Class A shares will each receive $0.4175 on November 13, 2026. The distributions are payable to holders at the close of business October 30, 2026, and are unchanged from the distributions paid in August 2026.

How can PAGP shareholders determine the tax treatment of their quarterly distributions?

Plains will publish Form 8937 after quarterly distributions are paid to clarify the expected portion taxed as a dividend. Any cash distribution exceeding a Class A shareholder’s tax basis should be taxable as a capital gain. Equity holders should consult their own tax advisor about their circumstances.