Plains All American Pipeline Provides 2025 Unaudited Pro Forma Financials

What Happened

• Plains All American Pipeline, L.P. (PAA) filed an 8-K on September 9, 2026 disclosing an unaudited pro forma condensed statement of combined operations for the year ended December 31, 2025.
• The pro forma statement gives effect to certain Transactions as if they had been consummated on January 1, 2025. The pro forma statement and accompanying notes are provided as Exhibit 99.1 to the filing.

Key Details

• Filing date: September 9, 2026 (Form 8-K; Items 2.02 and 8.01 reported).
• Period covered: year ended December 31, 2025.
• Pro forma assumption: Transactions treated as if completed on January 1, 2025.
• Exhibit 99.1 contains the unaudited pro forma condensed statement of combined operations and the related notes (pro forma financial information).

Why It Matters

• For investors, the pro forma financials show how PAA’s operations and reported results would look after the Transactions—useful for assessing potential impacts on revenue, earnings and financial condition.
• These figures are unaudited and pro forma (not historical GAAP results); the assumptions and notes in Exhibit 99.1 are important for understanding adjustments and limitations. Investors should review the exhibit to evaluate how the Transactions affect PAA’s financial profile.