Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Second Quarter 2026 Earnings
Rhea-AI Summary
Plains All American Pipeline (Nasdaq:PAA) and Plains GP Holdings (Nasdaq:PAGP) declared second quarter 2026 distributions and set earnings timing.
PAA and PAGP will pay $0.4175 per common unit/Class A share on August 14, 2026, and release Q2 2026 earnings on August 7, 2026.
Positive
- PAA common unit distribution set at $0.4175, unchanged from May 2026
- PAGP Class A Share distribution $0.4175, unchanged from May 2026
- PAA Series A Preferred Unit distribution $0.61524 (about $2.46 annualized)
- PAA Series B Preferred Unit distribution $20.50 per unit on August 17, 2026
- Clear schedule for Q2 2026 earnings release and analyst call on August 7, 2026
Negative
- Part of PAGP’s 2026 Class A Share distribution may be taxable as a dividend
- Cash distributions above a Class A Shareholder’s tax basis may be taxable as capital gains
News Market Reaction – PAA
In the Jul 7 session, PAA gained 1.84%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 06 | Quarterly distributions notice | Neutral | +1.9% | Announced Q1 2026 distributions and set date and call for earnings release. |
| Jan 05 | Quarterly distributions notice | Neutral | -1.3% | Declared Q4 2025 distributions, including a common/unit increase, and scheduled earnings. |
| Oct 02 | Quarterly distributions notice | Neutral | -0.8% | Outlined Q3 2025 distributions across unit classes and provided earnings timing details. |
| Jul 02 | Quarterly distributions notice | Neutral | +0.5% | Maintained Q2 2025 common and preferred distributions and scheduled earnings release and call. |
| May 09 | Earnings report | Positive | -3.0% | Reported strong Q1 2025 results with higher income and cash flow and declared distribution. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Similar quarterly distribution-and-earnings-timing releases have typically produced only modest single-day share-price moves.
Key Terms
earnings and profits financial
return of capital financial
capital gain financial
form 8937 regulatory
treasury regulation section 1.1446 regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, July 06, 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 second quarter of 2026 and also announced timing of second quarter 2026 earnings.
Second Quarter Distribution Declaration
PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on August 14, 2026, to holders of the respective securities at the close of business on July 31, 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 May 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 May 2026. - PAA Series A Preferred Units –
$0.61524 per Series A Preferred Unit (approximately$2.46 per unit on an annualized basis).
For its Series B Preferred Units, PAA announced a quarterly distribution of
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. 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.”
Second Quarter 2026 Earnings Timing
PAA and PAGP also announced that they will release second quarter 2026 earnings before market open on Friday, August 7, 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
