Plains All American Q2 FY26 net income attributable to PAA swings to profit of $1.83 billion; revenue rises to $17.69 billion
Reuters2026/08/07 11:32- Plains All American posts Q2 net income attributable to PAA of $1.83 billion, boosted by an about $1.6 billion gain on the Canadian NGL divestiture.
- Adjusted EBITDA attributable to PAA rises 10% to $738 million from a year earlier.
- Net cash provided by operating activities climbs 38% to $956 million; quarterly cash distribution increases 10% to $0.4175 per unit.
- Pro forma leverage ratio ends the quarter at 3.3x after about $2.9 billion of debt reduction funded by divestiture proceeds.
- 2026 organic growth capital guidance raised to $400 million-$450 million, including a 75 Mbbl/d Cactus III expansion; maintenance capital guidance cut by $10 million to $175 million.
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