Plains All American reports Q3 2026 results, raises distribution and reaffirms EBITDA guidance
Plains All American Pipeline posted third‑quarter 2026 net income of $363 million and adjusted EBITDA of $711 million. The company increased its quarterly cash distribution to $0.4175 per unit, a 10% rise, and completed the $585 million acquisition of the Silver Creek gathering system. It reaffirmed full‑year 2026 adjusted EBITDA guidance of $2.88 billion plus or minus $50 million and expects the recent balance‑sheet actions to add about $60 million of annual distributable cash flow.
Why it matters
The higher distribution and the $60 million cash‑flow accretion improve cash returns to unitholders, while the reaffirmed EBITDA guidance provides investors with a clear earnings outlook for the year.
Key facts
- 1Q3 2026 net income attributable to PAA was $363 million. stocktitan.net
- 2Quarterly cash distribution was $0.4175 per unit, a 10% increase from the prior year. stocktitan.net
- 3Adjusted EBITDA for the quarter totaled $711 million. stocktitan.net
- 4Revenue reached $15.17 billion, up 31% year‑over‑year. seekingalpha.com
- 5Full‑year 2026 adjusted EBITDA guidance is $2.88 billion ± $50 million. stocktitan.net
- 6The company acquired the Silver Creek (renamed Silver Spur) gathering system for approximately $585 million. stocktitan.net
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.