Plains All American Pipeline, L.P. and Plains GP Holdings Announce Distributions
All American Pipeline, L.P. (NYSE:PAA)
GP Holdings (NYSE:PAGP)
today announced their quarterly cash distributions with respect to the
fourth quarter of 2015. The distributions will be payable on February
12, 2016 to holders of record of each security at the close of business
on January 29, 2016.
announced a quarterly cash distribution of $0.70 per limited partner
unit ($2.80 per unit on an annualized basis), which is unchanged from
the quarterly distribution paid in November 2015.
announced a quarterly cash distribution of $0.231 per Class A share
($0.924 per Class A share on an annualized basis), which is unchanged
from the quarterly distribution paid in November 2015.
Plains All American Pipeline, L.P. is a publicly traded master limited
partnership that owns and operates midstream energy infrastructure and
provides logistics services for crude oil, natural gas liquids ("NGL"),
natural gas and refined products. PAA owns an extensive network of
pipeline transportation, terminalling, storage and gathering assets in
key crude oil and NGL producing basins and transportation corridors and
at major market hubs in the United States and Canada. On average, PAA
handles over 4.4 million barrels per day of crude oil and NGL in its
Transportation segment. PAA is headquartered in Houston, Texas.
Plains GP Holdings is a publicly traded entity that owns an interest in
the general partner and incentive distribution rights of Plains All
American Pipeline, L.P., one of the largest energy infrastructure and
logistics companies in North America. PAGP is headquartered in Houston,
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Copyright Business Wire 2016
Source: Business Wire
(January 12, 2016 - 8:37 AM EST)
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