Welcome to our dedicated page for Plains All Amer SEC filings (Ticker: PAA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Plains All American Pipeline, L.P. (PAA) SEC filings page on Stock Titan provides access to the partnership’s regulatory documents as filed with the U.S. Securities and Exchange Commission. As a Nasdaq-listed master limited partnership in the pipeline transportation of crude oil industry, PAA uses SEC filings to disclose information about its midstream energy infrastructure operations, financing activities, acquisitions and governance. These documents are especially relevant for investors analyzing how PAA manages its crude oil and NGL logistics network, capital structure and risk profile.
Among the key filings are Current Reports on Form 8-K, where Plains reports material events. Recent 8-K filings describe public offerings and issuances of senior unsecured notes, including 4.700% Senior Notes due 2031 and 5.600% Senior Notes due 2036 issued under an indenture that contains covenants on matters such as sale and leaseback transactions, incurrence of liens, mergers and asset transfers, and includes customary events of default. Other 8-Ks detail PAA’s entry into and completion of definitive purchase and sale agreements to acquire 100% of the equity interests in EPIC Crude Holdings, LP, the owner and operator of the EPIC Crude Oil Pipeline, and related credit arrangements such as the EPIC Credit Agreement with a term loan and revolving credit facility secured by substantially all assets of EPIC Crude Holdings and its subsidiaries.
Filings also address executive compensation and retention arrangements. For example, an 8-K outlines modifications to a promotional phantom unit grant for the CEO, extending the expiration date and tying vesting to distributable cash flow per common unit thresholds, as well as special retention phantom unit grants for other senior executives with specified vesting schedules and distribution equivalent rights. Additional 8-Ks furnish earnings press releases for quarterly results, which include discussions of GAAP and non-GAAP measures such as Adjusted EBITDA, Adjusted EBITDA attributable to PAA, Implied Distributable Cash Flow and Adjusted Free Cash Flow.
On Stock Titan, these SEC filings are updated in near real time from EDGAR and can be paired with AI-powered summaries that explain the main points of each document in straightforward language. Users can quickly see which filings relate to new debt issuance, major acquisitions or dispositions, credit facilities, or changes in executive compensation, and can explore details of covenants, leverage metrics and non-GAAP reconciliations without reading every page. This makes it easier to understand how PAA’s regulatory disclosures reflect its strategy as a midstream crude oil and NGL partnership.
Plains All American Pipeline (PAA) furnished a press release announcing its third‑quarter 2025 results. The release is attached as Exhibit 99.1 to an 8‑K under Items 2.02 and 7.01.
The company states this information is provided under General Instruction B.2, meaning it is furnished, not filed, is not subject to Section 18 liabilities, and is not incorporated by reference into Securities Act or Exchange Act filings.
Plains All American Pipeline LP has a large passive holder disclosed on a Schedule 13G/A: Alerian MLP ETF (advised by ALPS Advisors, Inc.) reports beneficial ownership of 76,066,823 common units, representing
Plains All American Pipeline, L.P. disclosed entry into a material definitive agreement concerning notes and an indenture that defines specific events of default and cross-default thresholds. The filing lists typical events that would allow acceleration or other remedies, including payment defaults on interest or principal, failures to meet indenture obligations after notice and grace periods, and bankruptcy or insolvency events. It also specifies a cross-default threshold for other indebtedness of the partnership and its subsidiaries at
Plains All American Pipeline, L.P. (PAA) is offering two series of senior unsecured notes due 2031 and 2036 to raise unspecified aggregate proceeds. The prospectus supplement discloses two material corporate transactions: a proposed sale of Plains Midstream Canada to Keyera for approximately C$5.15 billion (the Canadian NGL Divestiture), expected to close in Q1 2026 subject to adjustments and approvals, and a definitive agreement to acquire a 55% non-operated interest in EPIC Crude Holdings for approximately $1.57 billion (including ~$600 million of debt) with a potential $193 million earnout tied to capacity expansion.
The offering proceeds are intended to redeem the 4.65% Senior Notes due October 15, 2025 (≈ $1.0 billion outstanding) and to fund a portion of the EPIC Acquisition; interim liquidity sources include $462 million of commercial paper outstanding and $2.2 billion available credit capacity. Key commercial terms for the new notes (aggregate amounts, coupon rates, interest payment dates and issue dates) are redacted in this preliminary supplement. The notes will be senior unsecured, pari passu with existing senior debt, not listed, and subject to customary covenants, optional redemption provisions and defeasance mechanics.
Plains All American Pipeline, L.P. agreed to buy a 55% non-operated interest in EPIC Crude Holdings, LP, which owns and runs the EPIC Crude Oil Pipeline. The base purchase price is about $1.57 billion, including roughly $600 million of debt, and is subject to customary adjustments.
The buyer also agreed to a potential earnout of approximately $193 million if an expansion of the pipeline to at least 900,000 barrels per day is formally sanctioned before the end of 2027. EPIC Crude Holdings’ system includes about 800 miles of long-haul pipelines from the Permian and Eagle Ford basins to Corpus Christi, over 600,000 barrels per day of operating capacity, around 7 million barrels of storage, and more than 200,000 barrels per day of export capacity. Closing is expected in the first quarter of 2026, subject to regulatory and other customary conditions.
Plains All American Pipeline insider filing: Chris Herbold, Senior Vice President Finance & Chief Accounting Officer, reported multiple transactions on 08/14/2025. The Form 4 shows a grant of 32,750 phantom units under the company long-term incentive plan that convert one-for-one into common units upon vesting and include distribution-equivalent rights. Tranche vesting conditions tie part of the award to total shareholder return versus peers and part to cumulative distributable cash flow per unit over a three-year performance period ending 6/30/2028. The filing also records an acquisition of 65,796 common unitssale of 23,284 common units241,073 common units
Jeremy L. Goebel, Executive Vice President & Chief Commercial Officer of Plains All American Pipeline, L.P. (PAA), reported multiple transactions and long-term incentive grants on 08/14/2025. He recorded a direct holding of 227,864 common units after an acquisition coded M and reported a prior direct holding line showing 138,199 units. He disposed of 89,665 common units at $17.78. He also reports indirect beneficial ownership of 518,936 common units held through a family limited partnership. In addition, Mr. Goebel received several phantom unit awards under the Long-Term Incentive Plan: 227,864 phantom units (distribution-equivalent rights), 144,900 performance-based phantom units with three-year TSR and DCF/CUE vesting tests, and a special retention award of 545,550 phantom units vesting by August 2030 with staged DER payouts.
Plains All American Pipeline, L.P. reporting person Chris R. Chandler, EVP & COO, shows a mix of grants and a sale on 08/14/2025. The filing reports a disposition of 89,665 common units at $17.78, leaving 493,904 units held direct. On the same date Chandler received 227,864 phantom units (long-term incentive) and additional phantom unit awards totaling 472,250 units that convert one-for-one to common units upon vesting. Vesting schedules and performance conditions apply, with final vesting dates tied to August 2028 distribution dates. The form was signed by an attorney-in-fact on 08/18/2025.
Willie C.W. Chiang, Chairman & CEO and director of Plains All American Pipeline, L.P. (PAA), reported multiple transactions on 08/14/2025. He acquired 561,055 common-unit-equivalent phantom units under the Long-Term Incentive Plan and had 561,055 phantom units deemed cancelled in a related adjustment. He disposed of 220,776 common units at $17.78 each and, following the transactions, reported beneficial ownership of 1,186,791 common units. The phantom units convert 1:1 to common units upon vesting and include distribution equivalent rights payable in cash. Several phantom-unit tranches have vesting schedules tied to service, PAA total shareholder return versus peers, and cumulative distributable cash flow per unit targets, with certain expiration and DER payment terms.
Plains All American Pipeline, L.P. (PAA) Form 4: Al Swanson, EVP & CFO, reported transactions on 08/14/2025. He received 176,731 phantom units under the long-term incentive plan and acquired an equivalent number of common-unit deliverable rights; these carry distribution-equivalent rights payable in cash. He disposed of 69,544 common units at $17.78 and reported total beneficial ownership of 671,445 common units before the $17.78 sale left him with 601,901 common units. The phantom units vest in three tranches with performance and service conditions through August 2028.