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Plains All American raises 2026 EBITDA guidance after strong Q1 results and NGL divestiture progress

Company Fundamentals
08 May 2026
GlobeNewsWire
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Bullish
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Plains All American Pipeline reported Q1 2026 net income of $152 million and adjusted EBITDA of $730 million, reflecting solid operational performance. The company raised its 2026 adjusted EBITDA guidance midpoint by $130 million to $2.88 billion, citing a strong oil market and extended ownership of Canadian NGL assets until May 2026. The pending sale of its Canadian NGL business is expected to close in May, transitioning Plains to a focused crude oil midstream provider. Management remains committed to financial discipline, capital returns, and key initiatives including synergies from recent acquisitions.

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