Plains All American Pipeline has raised its 2025 capital spending guidance to between $400 million and $450 million, up from a previous estimate of $350 million, as it pursues multiple growth projects across its Permian long-haul, Canadian gathering, and Permian gathering businesses. The company affirmed its commitment to these projects on June 15, while maintenance capital is expected to remain at $185 million. The increased spending aims to capitalize on strong demand for North American hydrocarbons amid tightening global crude oil supply, with a portion directed toward expanding the Permian system to accommodate additional gathering volumes in the New Mexico Delaware Basin. Plains All American Pipeline expects the projects to generate higher returns and contribute to its EBITDA profile in 2027.
Plains All American Pipeline LPCompany raised 2025 capital spending guidance, indicating investment in growth projects expected to generate higher returns and boost EBITDA.