• Plains All American Pipeline completed sale of Plains Midstream Canada, unit holding substantially all of its Canadian NGL business, to Keyera under a June 17, 2025 share purchase agreement.
• Net cash proceeds totaled about USD 3.3 billion, net of purchase price adjustments, taxes, and related costs.
• Proceeds earmarked for debt repayment and general partnership purposes, with leverage expected to move toward midpoint of 3.25x to 3.75x target range.
• Plains expects no special distribution tied to closing, citing tax impact mitigation from bonus depreciation linked to Cactus III acquisition.

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 All American Pipeline LP published the original content used to generate this news brief on May 12, 2026, and is solely responsible for the information contained therein.