Plains All American Pipeline, L.P. (NYSE: PAA)
and Plains GP Holdings (NYSE: PAGP)
today announced their quarterly cash distributions with respect to the
first quarter of 2015. The distributions will be payable on May 15, 2015
to holders of record of each security at the close of business on May 1,
2015.
PAA
increased its quarterly cash distribution to $0.685 per limited partner
unit ($2.74 per unit on an annualized basis), which represents an
increase of 8.7% over the quarterly distribution of $0.63 per unit
($2.52 per unit on an annualized basis) paid in May 2014 and an increase
of 1.5% over the quarterly distribution of $0.675 per unit ($2.70 per
unit on an annualized basis) paid in February 2015. Once the May 2015
distribution is paid, PAA will have increased its quarterly distribution
to limited partners in 42 out of the past 44 quarters and consecutively
in each of the past 23 quarters.
PAGP
increased its quarterly cash distribution to $0.222 per Class A share
($0.888 per Class A share on an annualized basis), which represents an
increase of 30.2% over the quarterly distribution of $0.17055 per Class
A share ($0.6822 per Class A share on an annualized basis) paid in May
2014 and an increase of 9.4% over the quarterly distribution of $0.203
per Class A share ($0.812 per Class A share on an annualized basis) paid
in February 2015.
Plains All American Pipeline, L.P. is a publicly traded master limited
partnership that owns and operates midstream energy infrastructure and
provides logistics services for crude oil, natural gas liquids ("NGL"),
natural gas and refined products. PAA owns an extensive network of
pipeline transportation, terminalling, storage and gathering assets in
key crude oil and NGL producing basins and transportation corridors and
at major market hubs in the United States and Canada. On average, PAA
handles over 4.1 million barrels per day of crude oil and NGL on its
pipelines. PAA is headquartered in Houston, Texas.
Plains GP Holdings is a publicly traded entity that owns an interest in
the general partner and incentive distribution rights of Plains All
American Pipeline, L.P., one of the largest energy infrastructure and
logistics companies in North America. PAGP is headquartered in Houston,
Texas.
Plains All American Pipeline, L.P. and Plains GP Holdings
Ryan
Smith, (866) 809-1291
Director, Investor Relations
