Plains GP Holdings, L.P. Reports Third-Quarter 2026 Financial Results

Plains GP Holdings and Plains All American Pipeline reported third-quarter 2026 results, with PAA posting net income of $363 million and Adjusted EBITDA of $711 million. PAA’s pro forma leverage ratio was approximately 3.6x, following the issuance of $1.5 billion in Junior Subordinated notes and redemption of $2.3 billion in Series A and B Preferred Units. The company expanded its Permian JV gathering system by about 270,000 dedicated Midland Basin acres and completed its $585 million Silver Creek gathering-system acquisition on October 1. Management also reorganized operations into a single consolidated segment.