Plains All American Pipeline, L.P. and Plains GP Holdings Increase Distributions
April 07 2015 - 9:08AM
Business Wire
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 HoldingsRyan
Smith, (866) 809-1291Director, Investor Relations
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