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Plains GP Holdings ( (PAGP) ) has issued an announcement.
On June 17, 2025, Plains All American Pipeline, L.P., a subsidiary of Plains GP Holdings, 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 retain its NGL assets in the U.S. and all crude oil assets in Canada. This strategic move positions Plains as a premier crude oil midstream entity, enhancing its financial flexibility and free cash flow profile while reducing commodity exposure and working capital requirements. The proceeds will support capital allocation strategies, including potential acquisitions and unit repurchases.
The most recent analyst rating on (PAGP) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Plains GP Holdings stock, see the PAGP Stock Forecast page.
Spark’s Take on PAGP Stock
According to Spark, TipRanks’ AI Analyst, PAGP is a Neutral.
The overall score reflects steady financial performance and strategic growth initiatives, but is moderated by high leverage and valuation concerns. Strong technical indicators and positive corporate events support a cautiously optimistic outlook, despite ongoing market volatility.
To see Spark’s full report on PAGP stock, click here.
More about Plains GP Holdings
Plains All American Pipeline, L.P. (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). It has an extensive network of pipeline gathering and transportation systems, along with terminalling, storage, processing, and fractionation assets in the United States and Canada. Plains GP Holdings (PAGP) is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA.
Average Trading Volume: 1,737,115
Technical Sentiment Signal: Buy
Current Market Cap: $14.37B
See more insights into PAGP stock on TipRanks’ Stock Analysis page.