Plains All American Partners Reports Q3 2026 Earnings with Increased Adjusted EBITDA
Plains All American Partners (PAA) reported a strong third quarter for 2026, highlighted by an adjusted EBITDA of $711 million, representing a 6% year-over-year increase. This growth was primarily driven by contributions from the Cactus III pipeline system and increased volumes in the Permian Basin. The company also noted significant improvements in cash flow metrics, with adjusted free cash flow rising to $458 million compared to $303 million in the prior year period. Strategic expansion remains a core focus, evidenced by the $585 million acquisition of Silver Creek assets in the Powder River Basin and a new 10-year agreement securing 270,000 acres in the Midland Basin. Management provided full-year adjusted EBITDA guidance between $2.83 billion and $2.93 billion, signaling confidence in meeting or slightly exceeding the midpoint of $2.88 billion.
Topics: Acquisitions EBITDA Guidance Permian Basin Production