Core Insights - Plains All American Pipeline, L.P. (NASDAQ:PAA) is recognized among the 15 stocks with the highest dividend yields for investment opportunities [1] - Scotiabank has reduced its price target for PAA from $20 to $19 while maintaining an Outperform rating, reflecting updates across its U.S. Midstream coverage [2] - The company's Q3 2025 results indicate a revenue decline of over 9% year-over-year, with reported revenue of $11.58 billion and net income of $441 million [3] - PAA is actively restructuring its portfolio, having acquired a 55% stake in EPIC Crude Holdings and selling its Canadian natural gas liquids assets to enhance cash-flow stability [4] Financial Performance - In Q3 2025, Plains All American Pipeline reported revenue of $11.58 billion, a decrease of more than 9% compared to the previous year [3] - The net income attributable to PAA for the same period was $441 million, with operating cash flow totaling $817 million [3] Strategic Moves - The company closed its acquisition of a 55% stake in EPIC Crude Holdings, which operates the EPIC Crude Oil Pipeline, on October 31 [4] - PAA is divesting its Canadian natural gas liquids assets to mitigate exposure to commodity price fluctuations and to strengthen cash-flow stability [4] - Management plans to reinvest the capital from asset sales into projects that promise more reliable earnings, supporting long-term distribution growth [4]