Welcome to Plains All American!
Plains All American Pipeline is engaged in the transportation, storage, terminalling and marketing of crude oil, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids ("NGL"). We own and operate a diversified portfolio of strategically located assets that play a vital role in the movement of U.S. and Canadian energy supplies. On average we handle over 3.5 million barrels per day of crude oil and NGL through our extensive network of assets located in key North American producing basins, major market hubs and transportation gateways. The company is headquartered in Houston.
Plains All American Pipeline, L.P. (NYSE: PAA)
Plains All American Pipeline, L.P is a publicly traded master limited partnership (“MLP”). As an MLP, PAA makes quarterly distributions of its available cash to its Unitholders. Since its initial public offering in 1998, PAA has increased its quarterly distribution by 167% to its current level (as of the November 2013 distribution) of $0.6000 per unit, or $2.40 per unit on an annualized basis. It is PAA's goal to increase its distribution to Unitholders over time through a combination of organic and acquisition-oriented growth. PAA has set a target to grow its distribution by approximately 10% from its November 2013 distribution through its November 2014 distribution. PAA's common units are traded on the New York Stock Exchange under the symbol "PAA." Investors in PAA receive a K-1.
Plains GP Holdings (NYSE: PAGP)
Plains GP Holdings owns PAA's general partner and incentive distribution rights ("IDRs"). Their IDRs entitle PAGP to receive increasing percentages of cash distributed by PAA. We completed our initial public offering in October 2013 and our shares are traded on the New York Stock Exchange under the symbol “PAGP.” Investors in PAGP receive a 1099, versus a K-1.