Plains All American Pipeline Acquires 55% Interest in EPIC Crude Holdings for $1.57 Billion

Plains All American Pipeline is acquiring a 55% interest in EPIC Crude Holdings for $1.57 billion, including $600 million of debt. The EPIC Pipeline provides crude oil takeaway from the Permian and Eagle Ford basins to the Gulf Coast market. The transaction is expected to be immediately accretive to distributable cash flow and provide mid-teens unlevered returns. Plains' existing integrated Permian and Eagle Ford assets complement the acquisition, enhancing market access and customer offerings.

Title: Plains All American Pipeline Acquires 55% Interest in EPIC Crude Holdings for $1.57 Billion

Houston, Sept. 02, 2025 — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, "Plains") have announced a significant acquisition, entering into a definitive agreement to acquire a 55% non-operated interest in EPIC Crude Holdings, LP ("EPIC Crude Holdings") for approximately $1.57 billion, inclusive of $600 million in debt [1].

The acquisition includes a potential $193 million earnout payment if an expansion of the EPIC Pipeline to a capacity of at least 900,000 barrels per day is formally sanctioned before year-end 2027. The transaction is expected to be immediately accretive to distributable cash flow, with synergistic opportunities anticipated to result in mid-teens unlevered returns [1].

The EPIC Pipeline provides long-haul crude oil takeaway from the Permian and Eagle Ford basins to the Gulf Coast market at Corpus Christi. EPIC Crude Holdings' assets include approximately 800 miles of long-haul pipelines, an operating capacity of over 600,000 barrels per day with low-cost expansion capabilities, and approximately 7 million barrels of operational storage [1].

Willie Chiang, Chairman, CEO, and President of Plains, expressed excitement about the partnership: "We are excited to work with the EPIC Management team. This transaction strengthens our position as the premier crude oil midstream provider, complements our asset footprint, and enhances our customer offering. The combination of our stake in EPIC Crude Holdings coupled with our existing integrated Permian and Eagle Ford assets enhances our commitment to offering a high level of connectivity and flexibility for our customers" [1].

The transaction is expected to be completed by early 2026, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 [1].

Forward-looking statements in the release include potential risks and uncertainties, such as changes in economic conditions, declines in commodity prices, third-party constraints, legal constraints, and regulatory approval delays [1].

References:
[1] Plains All American Pipeline, L.P. (2025). Plains to Acquire 55% Interest in EPIC Crude Holdings, LP. Retrieved from https://www.stocktitan.net/news/PAA/plains-to-acquire-55-interest-in-epic-crude-holdings-b04al2bbncbg.html