• Plains All American Pipeline posted first-quarter net income attributable to PAA of $152 million, down 66%, as diluted net income per common unit fell 71% to $0.14.
• Net cash provided by operating activities dropped 35% to $418 million, while adjusted EBITDA attributable to PAA slipped 3% to $730 million.
• Quarterly cash distribution rose 10% to $0.4175 per unit, implying an annualized $1.67 per unit.
• Midpoint of full-year 2026 adjusted EBITDA guidance was raised by $130 million to $2.88 billion, reflecting a strong oil macro environment and NGL contribution into May 2026.
• Closing of Canadian NGL business divestiture to Keyera is expected in May 2026, marking a shift toward a pure-play crude oil midstream provider.

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 08, 2026, and is solely responsible for the information contained therein.