Plains All American Pipeline and Plains GP Holdings Provide Updated Timing for Completion of Sale of NGL Business

Group 1 - Plains All American Pipeline and Plains GP Holdings are progressing with the divestiture of their Canadian NGL business to Keyera Corp, expecting to close the transaction in May 2026 [1][2] - The companies are actively engaged in regulatory processes and integration planning to ensure a smooth transition post-closing [2] - Upon completion of the NGL divestiture, Plains will become a pure play crude oil midstream company with integrated assets from Canada to the U.S. Gulf Coast [2] Group 2 - Plains All American Pipeline operates an extensive midstream energy infrastructure, handling approximately nine million barrels per day of crude oil and NGL [4] - The company provides logistics services and owns a network of pipeline gathering and transportation systems, along with storage and processing facilities [4] - Plains GP Holdings holds a controlling general partner interest in Plains All American Pipeline, making it one of the largest energy infrastructure and logistics companies in North America [5]