Plains All American Pipeline Reaffirms Guidance
Plains All American Pipeline (NASDAQ:PAA) reported adjusted EBITDA of $672 million for Q2 2025 and reaffirmed its full-year 2025 EBITDA guidance of $2.8 billion to $2.95 billion. The company announced in June 2025 the approximately $3.75 billion sale of its Canadian NGL business to Keyera, an expanded 40% stake in the BridgeTex Pipeline, and updated its 2025 growth capital expenditure guidance to $475 million.
Insights below cover the impact of its asset divestiture, capital redeployment plans, and operational trends.
The $3.75 billion divestiture of the Canadian Natural Gas Liquids (NGL) business substantially reduces Plains All American Pipeline's commodity exposure and repositions the portfolio almost entirely around its core U.S. crude oil midstream assets. The reclassification of most of the NGL segment to discontinued operations signals a decisive exit from the Canadian NGL market, creating a simplified operating model and providing approximately $3 billion in anticipated net proceeds for capital deployment.
Source Fool.com
