Plains All American buys remaining EPIC Crude Holdings stake, takes full ownership of Cactus III pipeline operator

Reuters2026/09/09 10:02

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Plains All American Pipeline bought 100% of EPIC Crude Holdings, taking over as operator of the Cactus III crude oil pipeline.
The deal closed in two steps: a 55% stake on Oct. 31, 2025, followed by the remaining 45% effective Nov. 1, 2025.
Seller group for the 55% included subsidiaries of Diamondback Energy and Kinetik Holdings; the 45% stake was acquired from an Ares Management subsidiary.
Pro forma results for 2025 included $1.9 billion of financing, adding $94 million of interest expense for the full year.
Pro forma net income attributable to Plains All American Pipeline fell to $975 million from $1.05 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plains All American Pipeline LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-105984), on September 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Plains All American buys remaining EPIC Crude Holdings stake, takes full ownership of Cactus III pipeline operator

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