Plains All American Pipeline (PAA) Proxy Filing summary
Event summary combining transcript, slides, and related documents.
Proxy Filing summary
1 Dec, 2025Executive summary
Annual meeting scheduled for May 21, 2025, at 10:00 AM CDT in Houston, Texas.
Shareholders are encouraged to vote online, by phone, or in person, with a deadline of May 20, 2025, for electronic voting.
Proxy materials are available online, with options to request paper or email copies by May 7, 2025.
Voting matters and shareholder proposals
Election of four directors: Victor Burk, Kevin McCarthy, Harry Pefanis, and Gary Petersen, with board recommendation to vote FOR all nominees.
Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2025, recommended FOR by the board.
Advisory vote to approve 2024 named executive officer compensation, with board recommendation FOR.
Other business may be addressed as appropriate during the meeting or any adjournment.
Board of directors and corporate governance
Four director nominees are presented for election at the annual meeting.
Latest events from Plains All American Pipeline
- Efficient growth, robust cash flow, and tax-advantaged distributions drive strong returns.PAA
Investor presentation16 Mar 2026 - $28B enterprise value, 8% yield, and robust growth from Permian and bolt-on deals.PAA
Investor presentation25 Feb 2026 - 2026 guidance targets $2.75B Adjusted EBITDA, higher distributions, and major cost savings.PAA
Q4 20256 Feb 2026 - Q2 Adjusted EBITDA up 13% to $674M; 2024 guidance raised on strong segment growth.PAA
Q2 20242 Feb 2026 - Q3 2025 saw $669M EBITDA, EPIC pipeline acquisition, and a $3.75B NGL sale pending.PAA
Q3 202528 Jan 2026 - Q3 2024 Adjusted EBITDA hit $659M, net income rose 8%, and leverage improved to 3.0x.PAA
Q3 202415 Jan 2026 - 2024 adjusted EBITDA beat guidance; 2025 outlook strong with higher distributions and low leverage.PAA
Q4 20248 Jan 2026 - Shelf registration enables up to $1.1B in flexible securities offerings for growth and capital needs.PAA
Registration Filing16 Dec 2025 - 2024 saw strong financial results, enhanced governance, and robust pay-for-performance alignment.PAA
Proxy Filing1 Dec 2025