Plains All American Pipeline, L.P. Announces the Quarterly Cash Distributions on Common and Preferred Units for the Fourth Quarter of 2019, payable on February 14, 2020
January 08, 2020 at 02:00 pm
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Plains All American Pipeline, L.P. announced the quarterly distributions for the fourth quarter of 2019. The company announced a quarterly cash distribution of $0.36 per common unit ($1.44 per unit on an annualized basis), which is unchanged from the distribution paid in November 2019.
With respect to the company's Series A Preferred Units, the company announced a quarterly cash distribution of $0.525 per Series A Preferred Unit, or $2.10 on an annualized basis. Each of these distributions will be payable on February 14, 2020 to holders of record of each security at the close of
business on January 31, 2020.
Plains All American Pipeline, L.P. is a midstream service provider in North America. The Company owns a network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and natural gas liquids (NGL) producing basins (including the Permian Basin) and transportation corridors and at major market hubs in the United States and Canada. It has two segments: Crude Oil and Natural Gas Liquids (NGL). Its Crude Oil segment operations generally consist of gathering and transporting crude oil using pipelines, gathering systems, trucks and at times on barges or railcars, in addition to providing terminalling, storage and other facilities-related services utilizing its integrated assets across the United States and Canada. Its NGL segment operations involve natural gas processing and NGL fractionation, storage, transportation and terminalling. NGL segment is involved in gathering, fractionation, storage, and/or terminalling services to third-party customers.
Plains All American Pipeline, L.P. Announces the Quarterly Cash Distributions on Common and Preferred Units for the Fourth Quarter of 2019, payable on February 14, 2020
PLAINS ALL AMERICAN PIPELINE, L.P. 
