Plains All American Pipeline and Plains GP Holdings Provide Updated Capital Spending Guidance for 2026

HOUSTON, June 15, 2026 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, "Plains”) are providing an update to capital spending guidance for 2026. Plains expects growth capital spending to increase from approximately $350 million to a range of $400 to $450 million net to PAA in 2026. Maintenance capital is expected to remain approximately $185 million net to PAA this year. The increased budget is underpinned by multiple growt