Plains GP posts FY 2025 net income attributable to PAGP of USD 260 million up 152%

Reuters02-28
Plains GP posts FY 2025 net income attributable to PAGP of USD 260 million up 152%

Plains GP Holdings $(PAGP)$ reported FY 2025 net income of USD 1.7 billion, up 58.0%, including income from continuing operations of USD 1.3 billion (+55.0%) and income from discontinued operations of USD 383 million (+66.0%). Net income attributable to shareholders was USD 260 million, up 152%. Product sales revenues were USD 42.5 billion (-10.0%) and services revenues were USD 1.8 billion (+4.0%). Interest expense, net was USD 467 million (-22.0%). Adjusted EBITDA was USD 3.4 billion (+1.0%), and Adjusted EBITDA attributable to PAA was USD 2.8 billion (+2.0%). Basic net income per Class A share was USD 1.31 (+152%), and diluted net income per Class A share was USD 1.30 (+155%). Net cash provided by operating activities from continuing operations was approximately USD 2.9 billion. PAA entered into a definitive agreement to sell its Canadian NGL business to Keyera, a transaction expected to close around the end of Q1 2026; PAA expects net proceeds of approximately USD 3.2 billion (after taxes, expenses and a potential special one-time distribution subject to board approval) and said proceeds would be used to reduce leverage. PAGP also highlighted higher pipeline volumes and tariff escalations supporting services revenues, while noting certain Permian long-haul pipeline contract rates reset to market in 2025. As of December 31, 2025, PAGP reported total liquidity of USD 2.0 billion, including USD 329 million of cash and cash equivalents.

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: 0001581990-26-000012), on February 27, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment