Solid First Quarter Performance
Reported an adjusted EBITDA attributable to Plains of $754 million for the first quarter.
NGL Segment Resilience
Approximately 80% of estimated C3+ Spec products sales are hedged for 2025, insulating from lower commodity prices.
Successful Bolt-on Transactions
Acquired the remaining 50% equity in the Cheyenne Pipeline and Black Knight Midstream, part of $1.3 billion deployed into bolt-on acquisitions over several years.
Fractionation Capacity Expansion
30,000 barrel a day fractionation bottleneck project at Fort Sask placed into service, supported by long-term customer commitments.
Strong Cash Flow Generation
Expected adjusted free cash flow of about $1.1 billion for the year, excluding changes in assets and liabilities.