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Plains All American Pipeline (PAA) Earnings Transcript
Yahoo Finance· 2025-11-06 09:24
And on Monday this week, we signed and closed the acquisition of the remaining 45% operating interest in EPIC Crude Holdings from a portfolio company of Ares private equity funds for approximately $1.3 billion, inclusive of approximately $500 million of debt. As part of the 45% transaction, Plains has also agreed to a potential earn-out payment of up to $157 million tied to the sanctioning of potential expansions of the pipeline system by year-end 2028.Al Swanson: As discussed on our previous calls, the NGL ...