Plains All American Pipeline sells natural gas liquids business, stock value increases almost 4%.

From Yahoo Finance: 2025-06-18 17:55:00

Plains All American Pipeline (NASDAQ: PAA) saw a nearly 4% increase in stock value after announcing the sale of its natural gas liquids business to Keyera for approximately $3.79 billion. The deal is expected to close in the first quarter of 2026 pending regulatory approval.

The sale will result in a special distribution payment of around $0.35 per unit to shareholders, totaling approximately $3 billion in proceeds for Plains. Keyera will acquire Plains’ Canadian NGL assets, while Plains will retain its U.S. assets.

Plains CEO Willie Chiang called the deal with Keyera a “win-win transaction,” providing Plains with capital and allowing it to focus more on its crude oil segment. Investors seem to agree with the move, which will streamline operations and refocus the company.

The Motley Fool Stock Advisor team did not include Plains All American Pipeline in its list of the 10 best stocks for investors to buy now. The team’s top picks have historically outperformed the market significantly, with a total average return of 992% compared to the S&P 500’s 172%.

Read more: Why Plains All American Pipeline Stock Was a Winner on Wednesday