Plains All American forecasts 2026 adjusted EBITDA of $2.88 billion, plus or minus $50 million
PAA•Plains All American forecasts 2026 adjusted EBITDA of $2.88 billion, with a range of plus or minus $50 million. It projects $1.9 billion in distributable cash flow available to common unitholders and annual distributions of $1.67 per unit.
1. 2026 outlook
Plains All American forecasts 2026 adjusted EBITDA attributable to the partnership of $2.88 billion, with a range of plus or minus $50 million. Crude oil adjusted EBITDA is projected at $2.7 billion, up 16% year over year, including a full-year contribution from Cactus III.
2. Cash flow and spending
Distributable cash flow available to common unitholders is forecast at $1.9 billion, implying distribution coverage of approximately 160%. Capital spending net to Plains is expected to total approximately $600 million, including $425 million of investment spending.
3. Distribution plans
Annual distributions are projected at $1.67 per unit. Future annual increases are targeted at $0.15 until coverage reaches approximately 150%.
