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Plains All American Narrows 2026 Adjusted EBITDA Outlook to $2.88 Billion

Management expects adjusted EBITDA at or slightly above the midpoint. Permian production growth is targeted at about 200,000 barrels per day.

A steel pipeline crosses dry scrubland in the morning light / TokenPost.ai
A steel pipeline crosses dry scrubland in the morning light / TokenPost.ai

Plains All American Pipeline, L.P. narrowed its 2026 adjusted EBITDA guidance to $2.88 billion, with a $50 million range on either side, and set a Permian production-growth target of about 200,000 barrels per day.

Plains expects full-year adjusted EBITDA at or slightly above the midpoint under current market conditions. The guidance centers on $2.88 billion, with a range of $2.83 billion to $2.93 billion.

The company announced the update Nov. 6 alongside its third-quarter results. Adjusted EBITDA attributable to PAA was $711 million for the quarter, detailed in an earlier report on the results.

Plains also said its coastal pipelines are close to 90% full, with possible brownfield expansions from 2028 into early 2029.

The timing of those expansions is difficult to predict.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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