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Plains GP Holdings, L.P. reports news tied to its ownership interests in Plains All American Pipeline, a North American midstream energy and logistics partnership. PAGP holds an indirect, non-economic controlling general partner interest and an indirect limited partner interest in PAA, whose assets support crude oil, natural gas liquids and natural gas transportation, gathering, storage and terminalling in the United States and Canada.
Recurring updates include earnings timing, cash distributions on PAGP Class A securities, PAA partnership distributions, and corporate developments affecting midstream assets, financing and capital allocation.
Malta Inc., a leader in long-duration energy storage (LDES), has appointed Alexandra Pruner as Board Chair, marking a significant milestone as the only LDES company with women in both CEO and Board Chair roles. Pruner, a veteran in energy and finance, aims to accelerate Malta's commercial deployments in a sector witnessing rapid growth due to rising energy storage demands. Under her leadership, Malta's board will consist of a majority of women, reinforcing its commitment to diversity and effective energy solutions.
Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) will release their Q4 and full-year 2020 earnings after market close on February 9, 2021. A joint webcast will take place on the same day at 5:30 p.m. ET. Key topics to discuss include PAA's financial performance, capitalization, and operating guidance. The presentation and audio replay will be available on their website. PAA is a leading midstream energy company handling over 6 million barrels per day of crude oil and NGL.
Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) announced their quarterly distributions for Q4 2020. PAA's cash distribution remains at $0.18 per common unit ($0.72 annualized), mirroring November 2020 levels. Similarly, PAGP maintains a distribution of $0.18 per Class A share ($0.72 annualized). PAA also declared a quarterly cash distribution of $0.525 for its Series A Preferred Units, totaling $2.10 annually. Distributions are payable on February 12, 2021, to record holders as of January 29, 2021, with PAGP's distribution potentially classified as a non-taxable return of capital.