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Plains All American posts 19% EBITDA growth, boosts 2026 outlook with strong Permian and Gulf Coast demand

Company Fundamentals
17 Aug 2026
Seeking Alpha
View Source
Bullish
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Plains All American (PAA) reported a 19% year-over-year increase in crude oil adjusted EBITDA for Q2 2026, driven by integration of Cactus III, acquisitions, and higher volumes. Management expects 15% full-year EBITDA growth and is increasing capital spending on new projects that should enhance EBITDA in 2027. Despite a valuation of 5.7x cash flow, PAA offers a 7% yield, a strong balance sheet, and a credible growth path, making it an attractive midstream investment. The company benefits from rising Permian production and Gulf Coast export demand, supporting robust income and returns.

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