PAGP news

Plains All American Pipeline announced Dean Liollio as the new Executive Vice President and Chief Operating Officer, replacing Chris Chandler, who resigned. The appointment follows the change, reflecting a strategic leadership transition within the partnership.

Plains All American Pipeline and Plains GP Holdings announced the appointment of Dean Liollio as Executive Vice President and Chief Operating Officer, effective October 2, 2026, succeeding Chris Chandler. This change represents a key leadership update for the midstream energy partnership.

Plains GP Holdings completed the purchase of a non-operated equity interest in EPIC Crude Holdings, the operator of the Cactus III Pipeline. This acquisition is accounted for as a business combination.

Plains All American reported a second-quarter 2026 net income of $1.83 billion, driven primarily by a net gain from the divestiture of its Canadian NGL business, while leveraging down to 3.3x.

Plains All American reported record net earnings driven by a $1.6 billion gain from the sale of its Canadian NGL business, which was used to reduce leverage to 3.3x and raise organic growth capital. Market relevance: The transaction removes a non-core segment and accelerates the company's strategic …