• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Plains to Acquire 55% Interest in EPIC Crude Holdings, LP

    9/2/25 8:00:56 AM ET
    $PAA
    $PAGP
    Natural Gas Distribution
    Energy
    Natural Gas Distribution
    Energy
    Get the next $PAA alert in real time by email

    HOUSTON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) (collectively, "Plains") announced today that a wholly owned subsidiary has entered into a definitive agreement to acquire from subsidiaries of Diamondback Energy, Inc. and Kinetik Holdings Inc., a 55% non-operated interest in EPIC Crude Holdings, LP ("EPIC Crude Holdings"), the entity that owns and operates the EPIC Crude Oil Pipeline ("EPIC Pipeline"), in a transaction valued at approximately $1.57 billion, inclusive of approximately $600 million of debt. Additionally, Plains has agreed to a potential $193 million earnout payment should an expansion of the pipeline to a capacity of at least 900,000 barrels per day be formally sanctioned before year-end 2027. The transaction is expected to be immediately accretive to distributable cash flow with synergistic opportunities expected to result in mid-teens unlevered returns. The remaining 45% interest in EPIC Crude Holdings is owned by a portfolio company of Ares Management Corporation ("EPIC Management"), which also serves as operator.

    The EPIC Pipeline provides long-haul crude oil takeaway from the Permian and Eagle Ford basins to the Gulf Coast market at Corpus Christi. EPIC Crude Holdings' assets include:

    • Approximately 800 miles of long-haul pipelines, including the EPIC Pipeline
    • Operating capacity of over 600,000 barrels per day with low-cost expansion capabilities
    • Approximately 7 million barrels of operational storage
    • Over 200,000 barrels per day of export capacity



    Plains and EPIC Pipeline Combined Asset Map

    Transaction Highlights:

    • Ability to provide customers with additional upstream connectivity and enhanced downstream market connectivity and optionality
    • Enhances and expands Plains' existing Permian wellhead to water strategy
    • Synergy potential and Permian growth improves acquisition multiple over the next few years
    • System underpinned by long-term minimum volume commitments from high-quality customers
    • Expect pro forma leverage ratio to remain within target range (excluding NGL divestiture proceeds); strong balance sheet utilized to finance transaction with cash and debt
    • Expected to be immediately accretive to distributable cash flow, supporting additional return of capital opportunities

    "We are excited to work with the EPIC Management team. This transaction strengthens our position as the premier crude oil midstream provider, complements our asset footprint and enhances our customer offering. The combination of our stake in EPIC Crude Holdings coupled with our existing integrated Permian and Eagle Ford assets enhances our commitment to offering a high level of connectivity and flexibility for our customers. By further linking our Permian and Eagle Ford gathering systems to Corpus Christi, we are enhancing market access and ensuring our customers have reliable, cost-effective routes to multiple demand centers," said Willie Chiang, Chairman, CEO and President.

    "The combined assets will allow us to capture synergies through additional service offerings, and drive value via expanded scale and integration. Our financial flexibility enables us to finance the acquisition utilizing our balance sheet, while maintaining a pro-forma leverage ratio within our established leverage target range. Ultimately, our interest in EPIC Crude Holdings will not only benefit Plains and our partners but also our unit holders by creating further return of capital opportunities."

    The transaction is expected to be completed by early 2026, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

    Forward-Looking Statements

    Except for the historical information contained herein, the matters discussed in this release consist of forward-looking statements including, but not limited to, statements regarding the proposed acquisition of an interest in EPIC Crude Holdings and the terms, timing and anticipated operational, financial and strategic benefits thereof. There are a number of risks and uncertainties that could cause actual results or outcomes to differ materially from results or outcomes anticipated in the forward-looking statements. These risks and uncertainties include, among other things: changes in or disruptions to economic, market or business conditions; substantial declines in commodity prices or demand for crude oil; third-party constraints; legal constraints (including the impact of governmental regulations, orders or policies); unforeseen delays with respect to the receipt of regulatory approvals and completion of other closing conditions; and other factors and uncertainties inherent in transactions of the type discussed herein or in our business as discussed in PAA's and PAGP's filings with the Securities and Exchange Commission.

    About Plains 

    PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. On average, PAA handles approximately eight million barrels per day of crude oil and NGL.  

    PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America.  

    PAA and PAGP are headquartered in Houston, Texas. More information is available at www.plains.com. 

    Investor Relations Contacts: 

    Blake Fernandez

    Michael Gladstein 

    [email protected] 

    (866) 809-1291 

    A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/f1d33717-c88e-4467-8f8c-779a1107a238



    Primary Logo

    Get the next $PAA alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $PAA
    $PAGP

    CompanyDatePrice TargetRatingAnalyst
    Plains Group Holdings, L.P.
    $PAGP
    7/25/2025Outperform → Peer Perform
    Wolfe Research
    Plains All American Pipeline L.P.
    $PAA
    7/25/2025Outperform → Peer Perform
    Wolfe Research
    Plains Group Holdings, L.P.
    $PAGP
    1/10/2025$22.00Peer Perform → Outperform
    Wolfe Research
    Plains All American Pipeline L.P.
    $PAA
    1/10/2025$23.00Sector Outperform
    Scotiabank
    Plains All American Pipeline L.P.
    $PAA
    1/10/2025$22.00Peer Perform → Outperform
    Wolfe Research
    Plains Group Holdings, L.P.
    $PAGP
    12/18/2024$22.00 → $20.00Overweight → Equal Weight
    Wells Fargo
    Plains All American Pipeline L.P.
    $PAA
    12/18/2024$22.00 → $20.00Overweight → Equal Weight
    Wells Fargo
    Plains Group Holdings, L.P.
    $PAGP
    10/25/2024$22.00 → $19.00Overweight → Equal-Weight
    Morgan Stanley
    More analyst ratings

    $PAA
    $PAGP
    SEC Filings

    View All

    Plains Group Holdings, L.P. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Other Events, Financial Statements and Exhibits

    8-K - PLAINS GP HOLDINGS LP (0001581990) (Filer)

    9/8/25 4:54:21 PM ET
    $PAGP
    Natural Gas Distribution
    Energy

    Plains All American Pipeline L.P. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Other Events, Financial Statements and Exhibits

    8-K - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Filer)

    9/8/25 4:19:02 PM ET
    $PAA
    Natural Gas Distribution
    Energy

    SEC Form FWP filed by Plains All American Pipeline L.P.

    FWP - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Subject)

    9/3/25 5:30:15 PM ET
    $PAA
    Natural Gas Distribution
    Energy

    $PAA
    $PAGP
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Plains All American Announces Pricing of Public Offering of $1.25 Billion of Senior Notes

    HOUSTON, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) today announced that it and PAA Finance Corp., a wholly owned subsidiary of PAA, as co-issuer, have priced an underwritten public offering (the "Offering") of $1.25 billion aggregate principal amount of debt securities, consisting of $700 million aggregate principal amount of 4.70% senior unsecured notes due 2031 and $550 million aggregate principal amount of 5.60% senior unsecured notes due 2036, at a price to the public of 99.865% and 99.798% of their face value, respectively. The Offering is expected to close on September 8, 2025, subject to the satisfaction of customary closing conditions. PAA

    9/3/25 6:53:12 PM ET
    $PAA
    Natural Gas Distribution
    Energy

    Plains to Acquire 55% Interest in EPIC Crude Holdings, LP

    HOUSTON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) (collectively, "Plains") announced today that a wholly owned subsidiary has entered into a definitive agreement to acquire from subsidiaries of Diamondback Energy, Inc. and Kinetik Holdings Inc., a 55% non-operated interest in EPIC Crude Holdings, LP ("EPIC Crude Holdings"), the entity that owns and operates the EPIC Crude Oil Pipeline ("EPIC Pipeline"), in a transaction valued at approximately $1.57 billion, inclusive of approximately $600 million of debt. Additionally, Plains has agreed to a potential $193 million earnout payment should an expansion of the pipe

    9/2/25 8:00:56 AM ET
    $PAA
    $PAGP
    Natural Gas Distribution
    Energy

    Plains All American Reports Second-Quarter 2025 Results

    HOUSTON, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported solid second-quarter 2025 results and provided the following highlights: Second-Quarter Results Reported net income attributable to PAA of $210 million and net cash provided by operating activities of $694 millionDelivered Adjusted EBITDA attributable to PAA of $672 millionExited the quarter with 3.3x leverage ratio, toward the low-end of our target range of 3.25x - 3.75x Highlights and Recent Announcements Executed agreements to divest substantially all of our NGL business for total cash consideration of approximately $5.15 billion CAD ($3.75

    8/8/25 7:30:27 AM ET
    $PAA
    Natural Gas Distribution
    Energy

    $PAA
    $PAGP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Plains GP downgraded by Wolfe Research

    Wolfe Research downgraded Plains GP from Outperform to Peer Perform

    7/25/25 8:23:47 AM ET
    $PAGP
    Natural Gas Distribution
    Energy

    Plains All American downgraded by Wolfe Research

    Wolfe Research downgraded Plains All American from Outperform to Peer Perform

    7/25/25 8:23:06 AM ET
    $PAA
    Natural Gas Distribution
    Energy

    Plains GP upgraded by Wolfe Research with a new price target

    Wolfe Research upgraded Plains GP from Peer Perform to Outperform and set a new price target of $22.00

    1/10/25 8:37:31 AM ET
    $PAGP
    Natural Gas Distribution
    Energy

    $PAA
    $PAGP
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Sr. VP Finance & CAO Herbold Chris covered exercise/tax liability with 23,284 units of Common Units and converted options into 65,796 units of Common Units, increasing direct ownership by 21% to 241,073 units (SEC Form 4)

    4 - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Issuer)

    8/18/25 6:01:57 PM ET
    $PAA
    Natural Gas Distribution
    Energy

    EVP & CCO Goebel Jeremy L. converted options into 227,864 units of Common Units, covered exercise/tax liability with 89,665 units of Common Units, gifted 138,199 units of Common Units and received a gift of 138,199 units of Common Units (SEC Form 4)

    4 - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Issuer)

    8/18/25 5:59:43 PM ET
    $PAA
    Natural Gas Distribution
    Energy

    EVP & COO Chandler Chris R. covered exercise/tax liability with 89,665 units of Common Units and converted options into 227,864 units of Common Units, increasing direct ownership by 39% to 493,904 units (SEC Form 4)

    4 - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Issuer)

    8/18/25 5:57:12 PM ET
    $PAA
    Natural Gas Distribution
    Energy

    $PAA
    $PAGP
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Chiang Willie Cw bought $1,006,694 worth of Class A Shares (62,000 units at $16.24), increasing direct ownership by 24% to 318,704 units (SEC Form 4)

    4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)

    9/29/23 11:48:26 AM ET
    $PAGP
    Natural Gas Distribution
    Energy

    $PAA
    $PAGP
    Leadership Updates

    Live Leadership Updates

    View All

    Plains All American Announces Officer Appointments

    HOUSTON, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced the appointment of Blake Fernandez as Vice President, Investor Relations. Roy Lamoreaux, who served previously as Vice President, Investor Relations, Communications and Government Relations has assumed the role of Vice President, Communications, Sustainability and Public Affairs. Fernandez and Lamoreaux report to Chris Herbold, Sr. VP Finance and Chief Accounting Officer, who in addition to overseeing these functions and all Accounting activities, also has responsibility for Equity Capital Markets, Tax and Commodity Risk Management. "Blake brings

    1/4/23 4:15:00 PM ET
    $PAA
    $PAGP
    Natural Gas Distribution
    Energy

    Plains All American Pipeline, L.P. and Plains GP Holdings Announce Appointment of New Board Member

    HOUSTON, July 27, 2022 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced that Ellen R. DeSanctis has been appointed, effective August 15, 2022, as an independent member of the Board of Directors of PAA GP Holdings LLC ("GP Holdings") serving in Class I. She will also serve as a member of the Audit Committee and Health, Safety, Environmental and Sustainability Committee. The GP Holdings Board has responsibility for managing the business and affairs of PAA and PAGP. "We are pleased to welcome Ellen to our Board," said CEO Willie Chiang. "With over 40 years of experience in the upstream energy sector, Ellen has a wealth

    7/27/22 4:45:16 PM ET
    $PAA
    Natural Gas Distribution
    Energy

    Alexandra Pruner Joins Malta Inc.'s Female Team Leading Energy Transition

    Strategic Step to Catalyze Long-Duration Energy Storage Sector Malta Inc., a leading innovator of grid-scale, long-duration energy storage (LDES), announced today the appointment of energy and finance veteran Alexandra ("Alie") Pruner to the position of Board Chair. This appointment makes Malta Inc. the only LDES company with women serving at the highest leadership levels of CEO and Board Chair. Pruner joins Malta with a wealth of experience in both the energy and finance fields. She currently serves as an independent director on the boards of NRG Energy, Inc. (NYSE:NRG) and Plains All American (NASDAQ:PAA, PAGP))) and as the Board Chair of Encino Acquisition Partners. A founding partner

    4/20/22 12:32:00 PM ET
    $NRG
    $PAA
    Electric Utilities: Central
    Utilities
    Natural Gas Distribution
    Energy

    $PAA
    $PAGP
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13G/A filed by Plains All American Pipeline L.P.

    SC 13G/A - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Subject)

    11/13/24 9:25:00 AM ET
    $PAA
    Natural Gas Distribution
    Energy

    Amendment: SEC Form SC 13G/A filed by Plains Group Holdings, L.P.

    SC 13G/A - PLAINS GP HOLDINGS LP (0001581990) (Subject)

    8/2/24 11:02:50 AM ET
    $PAGP
    Natural Gas Distribution
    Energy

    SEC Form SC 13G/A filed by Plains Group Holdings, L.P. (Amendment)

    SC 13G/A - PLAINS GP HOLDINGS LP (0001581990) (Subject)

    2/14/24 2:01:32 PM ET
    $PAGP
    Natural Gas Distribution
    Energy

    $PAA
    $PAGP
    Financials

    Live finance-specific insights

    View All

    Plains All American Reports Second-Quarter 2025 Results

    HOUSTON, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported solid second-quarter 2025 results and provided the following highlights: Second-Quarter Results Reported net income attributable to PAA of $210 million and net cash provided by operating activities of $694 millionDelivered Adjusted EBITDA attributable to PAA of $672 millionExited the quarter with 3.3x leverage ratio, toward the low-end of our target range of 3.25x - 3.75x Highlights and Recent Announcements Executed agreements to divest substantially all of our NGL business for total cash consideration of approximately $5.15 billion CAD ($3.75

    8/8/25 7:30:27 AM ET
    $PAA
    Natural Gas Distribution
    Energy

    Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Second Quarter 2025 Earnings

    HOUSTON, July 02, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced today their quarterly distributions with respect to the second quarter of 2025 and also announced timing of second quarter 2025 earnings. Second Quarter Distribution DeclarationPAA and PAGP announced the following quarterly cash distributions, each of which will be payable on August 14, 2025 to holders of the respective securities at the close of business on July 31, 2025: PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which is unchanged from the distribution paid in May 2025.PAGP Class A Shares – $0.38 per Class A Sh

    7/2/25 5:00:04 PM ET
    $PAA
    $PAGP
    Natural Gas Distribution
    Energy

    Plains All American Executes Definitive Agreements for $3.75 Billion Sale of NGL Business to Keyera

    HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) (collectively, "Plains") announced today that it has executed definitive agreements with Keyera Corp. (TSX:KEY) ("Keyera") pursuant to which Plains will sell substantially all of its NGL business to Keyera for a total cash consideration of approximately $5.15 Billion CAD ($3.75 Billion USD). The transaction is expected to close in the first quarter of 2026, and is subject to customary closing conditions, including regulatory approvals. As a result of the transaction, Plains will divest its Canadian NGL business but will retain substantially all NGL assets in the

    6/17/25 4:15:57 PM ET
    $PAA
    $PAGP
    Natural Gas Distribution
    Energy