Plains GP Q2 2026: Net income surges 2215% to $463M on $1.6B Canadian NGL sale gain

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  Net income available to common unitholders surged 2215% to $463M vs $20M prior year. Operating income rose a more modest 68% to $397M, indicating the net income spike came from the one-time divestiture gain rather than operational improvement.

  MD&A: Net Income & Notes: Canadian NGL Divestiture verify on EDGAR →
• high

  Revenue climbed 66.3% to $17.7B. Crude oil pipeline tariff volumes increased 10% YoY to 10,318 thousand barrels per day, with Permian Basin volumes up 12% to 7,910 thousand barrels per day.

  MD&A: Revenue & Volumes verify on EDGAR →
• high

  Liquidity increased to ~$3.7B from $2.7B prior year, with cash rising to $1.1B from $460M.

  MD&A: Debt Repayment & Liquidity verify on EDGAR →