Plains lifts 2026 growth capex outlook to USD 400 million-450 million net to PAA

Plains GP Holdings LP Class A

Plains GP Holdings LP Class A

PAGP

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  • Plains GP Holdings raised 2026 growth capital spending guidance to USD 400 million-USD 450 million net to PAA from about USD 350 million.
  • Maintenance capital outlook unchanged at about USD 185 million net to PAA.
  • Higher budget tied to growth projects in Permian long-haul, Canadian gathering, Permian gathering; broader Permian spending targets New Mexico Delaware volumes.
  • Projects expected to deliver high returns, adding to EBITDA in 2027.
  • Plains cited improved oil macro conditions, tighter global balances; highlighted roughly 1,200,000 barrels a day of crude purchases, export connectivity.


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