Plains All American Pipeline Declares Q2 Distributions Including $20.50 Series B, Schedules Aug. 7 Earnings
PAA•Plains All American Pipeline and Plains GP Holdings declared Q2 distributions of $0.4175 per common unit/Class A share, $0.61524 per Series A preferred and $20.50 per Series B unit, payable August 14 and 17. They will report Q2 earnings August 7 and issue Form 8937 outlining post-NGL sale taxable portions.
1. Distribution Details
Plains All American Pipeline and Plains GP Holdings announced Q2 2026 cash distributions: $0.4175 per common unit and Class A share (annualized $1.67), $0.61524 per Series A preferred unit (annualized ~$2.46) paid August 14 to holders of record July 31, and $20.50 per Series B preferred unit paid August 17 to holders of record August 3. All payouts match the prior quarter’s levels.
2. Tax Implications
Following the NGL asset sale, both entities may report positive earnings and profits for tax year 2026, making part of the Class A share distribution taxable as a dividend rather than return of capital. A Form 8937 filing will clarify the breakdown of dividend and non-dividend portions, and any excess over share basis will be treated as capital gain.
3. Earnings Release and Conference Call
Both companies will release second quarter 2026 results before market open on August 7 and host a conference call at 9:00 a.m. CT (10:00 a.m. ET) to discuss performance. The call will be webcast via the investor relations section of the Plains website, with an audio replay available afterward.
