Plains All American Pipeline Enhances Financial Flexibility with NGL Divestiture and Strong Q2 Earnings

Plains All American Pipeline, L.P. (PAA) has improved its financial flexibility with a strong second quarter and the divestiture of its NGL business to Keyera for $3.75 billion. The transaction is expected to close in Q1 2026. PAA's adjusted EBITDA for Q2 was $672 million, driven by high performance in the crude oil segment. The company's stock has seen a slight 0.57% increase in weekly performance following the earnings release.