Plains GP FY26 Q2 net income attributable to PAGP more than doubled to $389 million; revenue rises 69% to $17.22 billion
Reuters2026/08/10 10:04Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Plains GP swings to Q2 net income of $389 million, lifted by $1.65 billion from discontinued operations tied to the Canadian NGL Business sale.
- Income from continuing operations falls 22% to $166 million, while income tax expense from continuing operations widens to $209 million.
- Revenue climbs 69% to $17.69 billion on higher crude oil sales volumes and commodity prices.
- Adjusted EBITDA (non-GAAP) rises 8% to $879 million, reflecting contributions from the Cactus III pipeline acquisition.
- June 30 liquidity totals $3.73 billion; PAA replaced its credit facilities with a $2.7 billion senior unsecured revolving credit facility maturing June 2031.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plains GP Holdings LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001581990-26-000025), on August 10, 2026, and is solely responsible for the information contained therein.
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