Plains All American Boosts 2026 EBITDA Guidance to $2.88B, Permian Volumes Flat
PAA•Plains All American raised FY2026 EBITDA guidance midpoint to $2.88 billion on stronger crude markets with stabilized fee-based operations and reduced trading exposure, while Permian volumes remained flat or declined. The partnership’s 2025 Schedule K-3 is now available online for unitholders needing international tax details.
1. EBITDA Guidance Increase
Plains All American raised its FY2026 EBITDA guidance midpoint to $2.88 billion, reflecting stronger crude market conditions and a stabilized fee-based earnings base. The modest sensitivity to oil price changes highlights a shift from opportunistic trading toward consistent fee income.
2. Operations and Volume Trends
Fee-based operations now account for the majority of earnings, significantly reducing reliance on volatile trading exposure. Permian pipeline volumes were flat or declined across most segments as upstream producers maintained production discipline despite elevated oil prices and geopolitical disruptions.
3. Schedule K-3 Tax Form Availability
The partnership’s 2025 Schedule K-3, detailing international tax relevance items, is now available online at taxpackagesupport.com/plainsallamerican. Unitholders requiring the form can download it directly or request an electronic copy via the toll-free support line.
