PAA Q1 2026 Earnings Call Highlights Adjusted EBITDA, Guidance Raise
Plains All American Pipeline (PAA) reported strong first-quarter adjusted EBITDA of $730 million and raised its full-year guidance to a midpoint of $2.88 billion in 2026 due to outperformance from the NGL segment and Cactus III optimization. The company also expects significant free cash flow and net proceeds from an upcoming asset sale, which will be used for debt reduction.
Tickers: $PAA
Topics: adjusted_ebitda divestiture_proceeds free_cash_flow guidance_increase