Plains All American Pipeline updates on NGL divestiture to Keyera Corp

Summary

Plains All American Pipeline and Plains GP Holdings expect to complete the divestiture of their Canadian NGL business to Keyera Corp in May 2026. The Canadian Competition Bureau has filed a challenge to the transaction, but it does not prevent the closing. This divestiture will transition Plains to a pure play crude oil midstream company.

Recent Coverage

• Plains All American Pipeline, L.P. and Plains GP Holdings Announce Appointment of New Board Member

  GlobeNewswire - Energy • May 11

• Plains All American Pipeline and Plains GP Holdings Provide Update on the NGL Sale Process

  GlobeNewswire - Energy • May 5

• Plains All American Pipeline and Plains GP Holdings Provide Update on the NGL Sale Process

  BOE Report • May 5