Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced today their quarterly distributions with respect to the fourth quarter of 2025 and also announced timing of fourth quarter 2025 earnings.

Fourth Quarter Distribution Declaration
PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on February 13, 2026, to holders of the respective securities at the close of business on January 30, 2026:

• PAA Common Units – $0.4175 per Common Unit ($1.67 per unit on an annualized basis), which represents a $0.0375 increase from the distribution paid in November 2025 ($0.15 per unit increase, or 10%, on an annualized basis).
• PAGP Class A Shares – $0.4175 per Class A Share ($1.67 per Class A Share on an annualized basis), which represents a $0.0375 increase from the distribution paid in November 2025 ($0.15 per unit increase, or 10%, on an annualized basis).
• PAA Series A Preferred Units – $0.61524 per Series A Preferred Unit (approximately $2.46 per unit on an annualized basis).

For its Series B Preferred Units, PAA announced a quarterly distribution of $21.02 per Series B Unit (based on the applicable quarterly floating rate), which will be payable on February 17, 2026, to holders of record at the close of business on February 2, 2026.

Plains GP Holdings