Plains All American: 7% Yield, Strong Distribution Growth, Cheap

Summary Plains All American is a leading crude oil midstream platform, delivering robust Q2’26 results and 10% year-over-year adjusted EBITDA growth. PAA’s acquisition of Silver Creek Midstream’s Powder River Basin assets for $585 million in cash strengthens its downstream capabilities and supports its acquisition-driven growth strategy. The company’s distribution increased ~10% in January 2026, with strong coverage at 1.68x, outpacing MLP peers. PAA trades at a forward EV/EBITDA of ~10.6x, appears undervalued, and is viewed as having double-digit upside. sarkophoto/iStock via Getty Images Plains All American Pipeline, L.P. Common Units ( PAA ) is a leading North American energy infrastructure company focused on the transportation of crude oil. Plains All American posted strong Q2’26 financial results, with decent distribution coverage, and the This article was written by The Asian Investor 33.21K Followers Follow I am interested in a lot of technology and AI stocks like Google, Nvidia, AMD, Tesla and Amazon. Analyst’s Disclosure: I/we have a beneficial long position in the shares of PAA, EPD, ET, MPLX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.