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

Rhea-AI Summary

Plains All American Pipeline (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced quarterly cash distributions for 3Q2025 and the timing of 3Q2025 earnings.

• PAA common units: $0.38 per unit ($1.52 annualized), payable Nov 14, 2025; record date Oct 31, 2025.
• PAGP Class A shares: $0.38 per share ($1.52 annualized), payable Nov 14, 2025; record date Oct 31, 2025.
• PAA Series A preferred: $0.61524 per unit (≈$2.46 annualized).
• PAA Series B preferred: $21.93 for the quarter (floating rate), payable Nov 17, 2025; record date Nov 3, 2025.

Qualified notices under Treas. Reg. §1.1446 and tax characterization details for PAGP distributions will be posted on plains.com. 3Q2025 earnings release: before market open Nov 5, 2025; conference call 9:00 a.m. CT (10:00 a.m. ET) with live webcast on the company's investor site.

Positive

• PAA common distribution of $0.38 payable Nov 14, 2025
• PAGP Class A distribution of $0.38 payable Nov 14, 2025
• PAA Series A preferred distribution of $0.61524
• PAA Series B preferred quarterly payment of $21.93 payable Nov 17, 2025
• 3Q2025 earnings release scheduled before open on Nov 5, 2025 with call at 9:00 a.m. CT

Negative

• None.

Insights

Capital Markets Analyst

Quarterly distributions unchanged; earnings release and conference call scheduled for Nov 5, 2025.

Plains All American Pipeline and Plains GP Holdings declared quarterly cash distributions payable in November 2025: PAA Common Units $0.38 and PAGP Class A Shares $0.38 (each $1.52 annualized), unchanged from the prior payout.

The release also specifies preferred-unit amounts: PAA Series A Preferred $0.61524 per unit (≈$2.46 annualized) and a floating-rate PAA Series B quarterly distribution of $21.93 per unit, payable Nov 17, 2025.

Management will report Q3 2025 earnings before market open on Nov 5, 2025 and host a conference call at 9:00 a.m. CT. The PAGP distribution is described as generally a non-taxable return of capital to the extent of tax basis; excess may be taxable as capital gain. Qualified notices under Treasury Regulation Section 1.1446 will be posted on the company website.

HOUSTON, Oct. 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 third quarter of 2025 and also announced timing of third quarter 2025 earnings.

Third Quarter Distribution Declaration
PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on November 14, 2025 to holders of the respective securities at the close of business on October 31, 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 August 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 August 2025.
• 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 $21.93 per Series B Unit (based on the applicable quarterly floating rate), which will be payable on November 17, 2025 to holders of record at the close of business on November 3, 2025.

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.”

Third Quarter 2025 Earnings Timing
PAA and PAGP also announced that they will release third quarter 2025 earnings before market open on Wednesday, November 5, 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 over nine 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 Fernandez
Ross Hovde
PlainsIR@plains.com
(866) 809-1291

FAQ

What distribution did PAA announce for the third quarter of 2025?

PAA declared a $0.38 quarterly distribution per common unit, payable Nov 14, 2025; record date Oct 31, 2025.

How much is PAGP's 3Q2025 distribution and is it taxable?

PAGP declared $0.38 per Class A share; it's expected to be a non-taxable return of capital to the extent of tax basis.

When will PAA and PAGP release third quarter 2025 earnings and how can investors listen?

Earnings release before market open on Nov 5, 2025; conference call at 9:00 a.m. CT with live webcast on plains.com.

What are the PAA preferred unit payments announced for 3Q2025?

Series A: $0.61524 per unit (≈$2.46 annualized). Series B: $21.93 for the quarter (floating rate), payable Nov 17, 2025.

What record dates apply to PAA and PAGP distributions for 3Q2025?

PAA common and PAGP Class A: record date Oct 31, 2025. PAA Series B: record date Nov 3, 2025.