Plains All American Pipeline (PAA) Q2 FY26 earnings call

Plains All American Pipeline delivered strong Q2 FY26 results, driven by robust crude oil segment performance and strategic asset optimization. The company successfully executed on key initiatives, including the sale of its Canadian NGL business and capturing Cactus II synergies. Management increased growth capital for high-return projects and raised its Permian production forecast, positioning the company for significant momentum into 2027 while maintaining a flexible balance sheet and commitment to shareholder returns.