Plains All American (PAA) Flexibility Enhances with NGL Divestiture and Strong Second Quarter

Plains All American Pipeline, L.P. (NASDAQ:PAA) is one of the 11 Best Energy Dividend Stocks to Invest in.

The company improves its financial flexibility with a strong quarter and the divestiture of NGL business.

Texas-based company, Plains All American Pipeline, L.P. (NASDAQ:PAA) is a publicly traded master limited partnership operating in the North American midstream energy sector. The company owns an extensive network of infrastructure to transport, store, and market crude oil and natural gas liquids (NGLs). From key producing basins to major market hubs, the company has assets throughout the U.S. and Canada.

On August 8, 2025, Plains All American Pipeline, L.P. (NASDAQ:PAA) released its second-quarter earnings results, highlighting an adjusted EBITDA of $672 million owing to high performance in the crude oil segment, which accounted for $580 million. Additionally, it also reported the sale of its NGL business to Keyera. The transaction, valued at $3.75 billion, anticipates a closure in the first quarter of 2026 and offers the company an improvement in financial flexibility.

While the stock’s performance during the month was down by -6.92%, the most recent weekly performance saw a slight 0.57% increase following the release of the Q2 earnings results. With a dividend yield of 8.63%, the company continues to gain the attention of the income-seeking investors.

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Disclosure: None. This article is originally published at Insider Monkey.