Solid Third Quarter Adjusted EBITDA
Reported third quarter adjusted EBITDA attributable to Plains of $669 million, reflecting strong performance and strategic execution.
Strategic Acquisition of EPIC Crude Pipeline
Completed the acquisition of 100% of the EPIC Crude pipeline, expected to generate a mid-teens unlevered return with 2026 adjusted EBITDA multiple anticipated at approximately 10x.
NGL Assets Divestiture Progress
The sale of NGL assets is on schedule to close by the end of Q1 2026, expected to enhance crude focus and provide a more stable cash flow stream.
Announced Distribution Growth
Continued commitment to increasing distributions by $0.15 annually until reaching targeted coverage, demonstrating focus on returning cash to unitholders.