Plains GP Holdings Q2 2026 Earnings Call: Complete Transcript

Plains GP Holdings (NASDAQ: PAGP ) held its second-quarter earnings conference call on Friday. Below is the complete transcript from the call. This content is powered APIs. For comprehensive financial data and transcripts, visit The full earnings call is available at Summary Plains GP Holdings reported Q2 2026 adjusted EBITDA of $738 million, aligning with their full-year EBITDA guidance of $2.88 billion. The company closed the sale of its Canadian NGL business, reducing leverage to 3.3 times, and plans to realize $50 million in efficiencies by year-end 2026. Growth capital spending for 2026 increased to $400-$450 million, focusing on quick-hit projects in the Permian and Canadian gathering systems. Permian production growth is expected to be 100,000 to 200,000 barrels a day in 2026, with strong momentum anti...