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 2024 and also announced timing of fourth quarter 2024 earnings.

Fourth Quarter Distribution Declaration

PAA and PAGP announced the following quarterly cash distributions:

• PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which represents a $0.0625 increase from the distribution paid in November 2024 ($0.25 per unit increase, or 20%, on an annualized basis).
• PAGP Class A Shares – $0.38 per Class A Share ($1.52 per Class A Share on an annualized basis), which also represents a $0.0625 increase from the distribution paid in November 2024 ($0.25 per share increase, or 20%, 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).
• PAA Series B Preferred Units – $22.73 per Series B Preferred Unit (based on the applicable quarterly floating rate).

The distributions on the PAA Common Units, PAGP Class A Shares and PAA Series A Preferred Units are payable on February 14, 2025, to holders of each respective security as of January 31, 2025. The distribution on the PAA Series B Preferred Units is payable on February 18, 2025, to holders of such security as of February 3, 2025.

Plains GP Holdings