Every 10-Q that Plains All Amer (PAA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PAA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PAA filings page.
Plains All American Pipeline, L.P. reported strong results for the quarter and six months ended June 30, 2026, driven by the divestiture of its Canadian NGL Business and solid crude oil operations. Net income was $1,925 million for the quarter and $2,156 million year-to-date, compared with $297 million and $813 million in the prior-year periods. Income from continuing operations was $276 million for the quarter and $608 million year-to-date, similar to 2025, while discontinued operations contributed $1,649 million and $1,548 million.
The sale of the Canadian NGL Business to Keyera closed May 12, 2026 for approximately CAD$5.328 billion (about $3.883 billion) in cash, generating a gain on sale of about $1.637 billion in the quarter. Proceeds were used in part to redeem $750 million of 4.50% senior notes due December 2026 and repay a $1.1 billion term loan, reducing total debt to $8.441 billion from $11.259 billion at year-end.
Operating cash flow was robust at $1,373 million for the first half, while cash and cash equivalents increased to $1,059 million. The company replaced its prior credit facilities with a new $2.7 billion senior unsecured revolving credit facility maturing in June 2031. Common unitholders received quarterly distributions of $0.4175 per unit, and preferred distributions continued as scheduled. Management highlights the divestiture as a strategic shift to focus on crude oil, with U.S. NGL assets retained.
Plains All American Pipeline, L.P. reports first‑quarter 2026 results with continued growth in its core crude oil business and ongoing exit from its Canadian NGL operations. Total revenues were $12.47 billion, up from $11.48 billion a year earlier, driven mainly by higher crude oil product sales. Income from continuing operations, net of tax, was $334 million versus $380 million in 2025, reflecting higher interest expense and lower equity earnings.
Including discontinued operations tied to the pending Canadian NGL sale, net income attributable to PAA fell to $152 million from $443 million, as discontinued operations swung to a $103 million loss from $136 million income. The Canadian NGL business, classified as held for sale, is being sold to Keyera for approximately CAD$5.15 billion (about $3.75 billion), with closing expected in May 2026.
Operating cash flow was $418 million, down from $639 million, after lower earnings and working capital shifts. Total assets were $31.64 billion and total debt $11.38 billion as of March 31, 2026. Common unitholders received quarterly cash distributions of $0.4175 per unit, with total common distributions of $295 million for the quarter.
Plains All American Pipeline (PAA) reported stronger results in its Q3 2025 10-Q. Total revenues were $11,578 million versus $12,456 million a year ago, while operating income rose to $484 million from $196 million as costs declined and asset sale gains lifted margins. Net income attributable to PAA increased to $441 million from $220 million. Basic and diluted net income per common unit was $0.55 (continuing operations $0.44; discontinued operations $0.11), up from $0.22.
PAA classified its Canadian NGL business as discontinued operations following a definitive agreement to sell it to Keyera for approximately CAD$5.15 billion (about $3.75 billion), with closing expected in the first quarter of 2026, subject to customary approvals. Year‑to‑date, cash from operations was $2,150 million, funding acquisitions ($865 million) and distributions. Debt totaled $9,449 million, reflecting new senior notes issued in January and September and the October 3, 2025 redemption of $1.0 billion notes due 2025. Common units outstanding were 705,497,770 as of October 31, 2025.
Plains All American Pipeline, L.P. reported lower consolidated revenues for the quarter as crude product sales declined versus prior-year periods while continuing to generate strong operating cash flow. Total revenues were $10,642 million for the three months ended June 30, 2025, down from $12,757 million a year earlier. Net income for the quarter was $297 million, with net income attributable to PAA of $210 million. For the six months, net income rose to $813 million compared with $681 million in 2024, and operating cash provided totaled $1,333 million.
PAA entered a definitive agreement to sell its Canadian NGL business to Keyera Corp. for approximately CAD$5.15 billion (about $3.75 billion), which the company classified as held for sale and presented as discontinued operations; income from discontinued operations was $70 million for the quarter and $206 million for the six months. Total assets were $27,155 million and total debt was $8,679 million at June 30, 2025. The company repurchased approximately 12.7 million Series A preferred units for ~$333 million and recorded certain derivative and foreign-exchange related items, including a $49 million loss on a deal-contingent forward currency instrument related to the pending Canadian NGL sale.