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AI brief of an SEC Form 8-K · PLAINS ALL AMERICAN PIPELINE LP (PAA)

Plains All American Q3 profit falls 18% to $363 million; adjusted EBITDA up 6%

Mixed Impact 3 of 5 earnings

Plains All American reported third-quarter 2026 results on November 6, 2026. Revenue and adjusted EBITDA attributable to PAA rose, but net income attributable to PAA fell 18% and the per-unit result turned to a loss of $(0.06), which the company tied in part to a $358 million impact from repurchasing Series A preferred units. Management said it is on track to meet full-year 2026 adjusted EBITDA guidance of $2.880 billion, plus or minus $50 million.

Key points

  • Net income attributable to PAA was $363 million versus $441 million a year earlier; diluted net income/(loss) per common unit was $(0.06) versus $0.55.
  • Revenues were $15.173 billion versus $11.578 billion, and adjusted EBITDA attributable to PAA was $711 million, up 6%.
  • Full-year 2026 adjusted EBITDA attributable to PAA guidance of $2.880 billion plus or minus $50 million was reaffirmed as on track.
  • Distribution declared was $0.4175 per unit, up 10% from $0.3800 a year earlier.

The filing

CompanyPLAINS ALL AMERICAN PIPELINE LP (PAA)
Form8-K, current report
Filed with the SECNov 6, 2026, 8:38 AM ET
Accession number0001070423-26-000055

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 7:05 AM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.