Plains
All American Pipeline, L.P. (NYSE: PAA)
and Plains
GP Holdings (NYSE: PAGP)
today announced their quarterly cash distributions with respect to the
third quarter of 2015. The distributions will be payable on November 13,
2015 to holders of record of each security at the close of business on
October 30, 2015.
PAA
increased its quarterly cash distribution to $0.700 per limited partner
unit ($2.80 per unit on an annualized basis), which represents an
increase of 6.1% over the quarterly distribution of $0.660 per unit
($2.64 per unit on an annualized basis) paid in November 2014 and an
increase of 0.7% over the quarterly distribution of $0.695 per unit
($2.78 per unit on an annualized basis) paid in August 2015. Once the
November 2015 distribution is paid, PAA will have increased its
quarterly distribution to limited partners in 44 out of the past 46
quarters and consecutively in each of the past 25 quarters.
PAGP
increased its quarterly cash distribution to $0.231 per Class A share
($0.924 per Class A share on an annualized basis), which represents an
increase of 21.1% over the quarterly distribution of $0.19075 per Class
A share ($0.763 per Class A share on an annualized basis) paid in
November 2014 and an increase of 1.8% over the quarterly distribution of
$0.227 per Class A share ($0.908 per Class A share on an annualized
basis) paid in August 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 approximately 4.3 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/20151007005803/en/
Plains All American Pipeline, L.P. and Plains GP Holdings
Ryan
Smith, (866) 809-1291
Director, Investor Relations
