Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions

Company reports on upcoming earnings release and distribution payments for Q1 2026

Apr. 6, 2026 at 9:58pm

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A highly detailed, cinematic close-up image of heavy, industrial machinery and pipes in shades of silver, grey, and black, representing the complex financial infrastructure of a major energy company.An extreme close-up of the intricate machinery and pipework that powers a major energy infrastructure company, symbolizing the complex financial and operational systems driving its quarterly distributions.Houston Today

Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings (PAGP) have announced their quarterly cash distributions for the first quarter of 2026, as well as the timing of their Q1 2026 earnings release and conference call. The distributions will be payable on May 15, 2026 to holders of record as of May 1, 2026.

Why it matters

As a major midstream energy infrastructure and logistics company, PAA and PAGP's quarterly distributions and financial performance are closely watched by investors and analysts as indicators of the broader energy market. The company's ability to maintain stable distributions during this period is an important signal of its operational and financial health.

The details

PAA announced a quarterly distribution of $0.4175 per common unit ($1.67 annualized), unchanged from the prior quarter. PAGP also declared a $0.4175 per Class A share distribution ($1.67 annualized). PAA's Series A preferred units will receive $0.61524 per unit, while the Series B preferred units will get $19.84 per unit. The company noted that due to a pending asset sale, a portion of the PAGP Class A distribution may be taxable as a dividend rather than a return of capital.

  • The distributions will be payable on May 15, 2026 to holders of record as of May 1, 2026.
  • PAA and PAGP will release their Q1 2026 earnings before market open on Friday, May 8, 2026.
  • A conference call to discuss the earnings will be held at 9:00 am CT (10 am ET) on May 8, 2026.

The players

Plains All American Pipeline, L.P.

A publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids.

Plains GP Holdings

A publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA.

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What’s next

After the transaction closes and quarterly distributions are paid throughout 2026, Plains will publish Form 8937, Report of Organizational Actions Affecting Basis of Securities to clarify the expected portion of the PAGP Class A distribution that will be taxed as a dividend.

The takeaway

Despite market volatility, PAA and PAGP have maintained stable quarterly distributions, signaling the company's operational resilience and ability to navigate the current energy landscape. Investors will be closely watching the upcoming earnings release and conference call for further insights into the company's financial performance and outlook.