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Plains All American sees FY23 adjusted EBITDA $2.45B-$2.55B
The Fly

Plains All American sees FY23 adjusted EBITDA $2.45B-$2.55B

Expects full-year 2023 Adjusted EBITDA attributable to PAA of $2.45 – $2.55 billion and year-end 2023 leverage of +/- 3.5x. Expects to generate approximately $1.60 billion of Free Cash Flow in 2023, underpinning multi-year return of capital to equity holders and absolute debt reduction. Remains focused on disciplined capital investments, anticipating full-year 2023 Investment and Maintenance Capital of $325 million and $195 million, net to PAA. The company also increased the annualized common distribution by $0.20 to $1.07 per unit in January 2023 to be paid in February.

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