Plains All American Q3 net income attributable to PAA falls 18% to $363 million
PAA•Plains All American Pipeline reported third-quarter net income attributable to PAA of $363 million, down 18%, while revenue rose 31% to $15.17 billion and operating cash flow fell 18% to $669 million. It also closed a gathering-system acquisition for about $585 million and is expanding a Permian JV system backed by 10-year agreements.
1. Quarterly results and projects
Plains All American Pipeline reported third-quarter 2026 net income attributable to PAA of $363 million, down 18% year over year; revenue increased 31% to $15.17 billion, while net cash provided by operating activities declined 18% to $669 million. The company closed its acquisition of the Silver Creek gathering system in the Powder River Basin on October 1 for approximately $585 million and is expanding its Permian JV gathering system, supported by approximately 270,000 dedicated Midland Basin acres under 10-year agreements.
