Plains GP Touts Asset Sale in Q2 Results
Plains GP Holdings(NASDAQ:PAGP) reported second-quarter 2025 adjusted EBITDA of $672 million and announced a $3.75 billion divestiture of its NGL business to Keyera, with closing expected in 2026. Management reaffirmed full-year 2025 adjusted EBITDA guidance of $2.8 billion to $2.95 billion and highlighted increased financial flexibility for capital allocation. The following insights detail the quarter’s most significant strategic actions and their investment implications.
In June 2025, management announced the sale of nearly all Natural Gas Liquids (NGL) assets to Keyera for $3.75 billion, with net proceeds of approximately $3 billion after taxes and adjustments. This move follows prior portfolio optimization and aligns with the company’s historical 80%-85% crude oil operational focus.
This divestiture strengthens the balance sheet, increases cash flow durability, and positions Plains GP to redeploy capital into higher-return crude oil operations and targeted M
Source Fool.com
