Plains All American Sells Canadian NGL Business

An announcement from Plains All American ( (PAA) ) is now available.

On June 17, 2025, Plains All American Pipeline, L.P. announced a definitive agreement to sell its Canadian NGL business to Keyera Corp. for approximately C$5.15 billion. The transaction, expected to close in the first quarter of 2026, will allow Plains to focus on its crude oil operations in North America, enhancing its financial flexibility and free cash flow profile. The sale is anticipated to result in significant tax implications for PAA unitholders, with a special distribution planned to offset potential tax liabilities. The deal positions Plains as a premier pure play crude oil midstream entity, reducing its commodity exposure and working capital requirements.

The most recent analyst rating on (PAA) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Plains All American stock, see the PAA Stock Forecast page.

Spark’s Take on PAA Stock

According to Spark, TipRanks’ AI Analyst, PAA is a Neutral.

Plains All American’s stock is supported by strong financial performance and robust cash flow generation. Despite attractive dividend yield, the valuation is slightly high, and external uncertainties weigh on earnings prospects. Technical indicators suggest neutral momentum.

To see Spark’s full report on PAA stock, click here.

More about Plains All American

Plains All American Pipeline, L.P. (PAA) is a publicly traded master limited partnership that operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). The company owns a vast network of pipeline gathering and transportation systems, along with terminalling, storage, processing, fractionation, and other infrastructure assets in the United States and Canada. Plains GP Holdings (PAGP) owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA.

Average Trading Volume: 3,541,234

Technical Sentiment Signal: Buy

Current Market Cap: $12.56B

For a thorough assessment of PAA stock, go to TipRanks’ Stock Analysis page.