Plains All American and Plains GP Holdings Declare Q2 2025 Distributions and Set Earnings Release Schedule
Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) have announced their quarterly cash distributions for the second quarter of 2025. Alongside this financial update, the companies also shared the timing of their second quarter earnings release and investor call.
Second Quarter 2025 Distributions
The Boards of Directors of PAA and PAGP have authorized the following cash distributions for the second quarter of 2025. These distributions are scheduled to be paid on August 14, 2025, to unitholders and shareholders of record as of the close of business on July 31, 2025.
- PAA Common Units: $0.38 per unit, representing an annualized distribution of $1.52. This amount remains consistent with the previous quarterly distribution paid in May 2025.
- PAGP Class A Shares: $0.38 per share, also reflecting an annualized payout of $1.52 and unchanged from the May 2025 distribution.
- PAA Series A Preferred Units: $0.61524 per unit, which translates to an annualized distribution of approximately $2.46.
Additionally, Plains announced that the Series B Preferred Units of PAA will receive a quarterly cash distribution of $22.23 per unit, based on the applicable quarterly floating rate. This distribution will be paid on August 15, 2025, to unitholders of record as of the close of business on August 1, 2025.
Tax Treatment of Distributions
Regarding the PAGP Class A Share distribution, the company noted that, in most cases, this distribution is expected to be treated as a non-taxable return of capital to the extent of a shareholder’s tax basis in each Class A share. However, any distribution amount exceeding a shareholder’s tax basis would be considered a capital gain for tax purposes.
PAA has also stated that Qualified Notices related to Treasury Regulation Section 1.1446 for the PAA Common Unit and Series B Preferred Unit distributions will be posted on the Plains website. These can be found under the “Investor Relations – Unit Information” section at www.plains.com.
As always, investors are encouraged to consult their personal tax advisors to understand the full implications of these distributions on their individual tax situations.
Earnings Announcement and Investor Call
In conjunction with the distribution news, PAA and PAGP also confirmed the date and time for the release of their second quarter 2025 financial results. The companies will issue their earnings announcement before the market opens on Friday, August 8, 2025.
Following the release, management will host a live conference call with investors and analysts at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) on the same day. The call will include a discussion of the quarterly performance, strategic developments, and financial outlook.
The conference call will be webcast live and accessible through the “Investor Relations” section of the Plains website at www.plains.com. For those unable to attend the live session, an audio replay will be available online shortly after the call concludes.
Continued Focus on Financial Stability and Transparency
Plains All American Pipeline and Plains GP Holdings continue to demonstrate financial discipline and a commitment to consistent returns to investors. By maintaining steady distributions quarter over quarter and providing timely, transparent communication regarding financial performance and outlook, both entities aim to reinforce investor confidence and long-term shareholder value.
As the energy sector continues to navigate macroeconomic challenges and evolving market dynamics, Plains’ infrastructure assets and stable cash flow generation remain central to its strategy. Investors and analysts will be watching closely for insights during the upcoming earnings call, particularly related to commodity markets, capital allocation, and potential growth opportunities across North America’s midstream oil and gas infrastructure.
