Plains All American Pipeline Reports Q3 Adjusted EBITDA of $669 Million, Sets New Capital Allocation Priority

Plains All American Pipeline (PAA) reported Q3 adjusted EBITDA of $669 million. The company is executing a multiyear strategy to become a premier North American pure-play crude midstream company. PAA recently acquired a 55% non-operated interest in EPIC Crude Pipeline and a 45% operating interest for $1.3 billion. The acquisitions strengthen PAA's crude-focused portfolio with a more stable cash flow stream.