Plains
All American Pipeline, L.P. (NYSE: PAA)
and Plains
GP Holdings (NYSE: PAGP)
today announced their quarterly cash distributions with respect to the
second quarter of 2015. The distributions will be payable on August 14,
2015 to holders of record of each security at the close of business on
July 31, 2015.
PAA
increased its quarterly cash distribution to $0.695 per limited partner
unit ($2.78 per unit on an annualized basis), which represents an
increase of 7.8% over the quarterly distribution of $0.645 per unit
($2.58 per unit on an annualized basis) paid in August 2014 and an
increase of 1.5% over the quarterly distribution of $0.685 per unit
($2.74 per unit on an annualized basis) paid in May 2015. Once the
August 2015 distribution is paid, PAA will have increased its quarterly
distribution to limited partners in 43 out of the past 45 quarters and
consecutively in each of the past 24 quarters.
PAGP
increased its quarterly cash distribution to $0.227 per Class A share
($0.908 per Class A share on an annualized basis), which represents an
increase of 23.8% over the quarterly distribution of $0.1834 per Class A
share ($0.7336 per Class A share on an annualized basis) paid in August
2014 and an increase of 2.3% over the quarterly distribution of $0.222
per Class A share ($0.888 per Class A share on an annualized basis) paid
in May 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 4.2 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150707006518/en/
Plains All American Pipeline, L.P. and Plains GP Holdings
Ryan
Smith, (866) 809-1291
Director, Investor Relations
