Plains GP Holdings Announces Cash Distribution, Payable on February 14, 2019
January 09, 2019 at 02:47 am IST
Share
Plains GP Holdings announced quarterly cash distribution of $0.30 per Class A share ($1.20 per Class A share on an annualized basis), which is unchanged from the distribution paid in November 2018. Each of these distributions will be payable on February 14, 2019 to holders of record of each security at the close of business on January 31, 2019.
Plains GP Holdings, L.P. is a limited partnership. The Company owns and operates critical midstream infrastructure systems that connect various producing regions to key demand centers and export terminals. The Company operates through two segments: Crude Oil and Natural Gas Liquids (NGL). The Crude Oil segment operations generally consist of gathering and transporting crude oil using pipelines, gathering systems, trucks and at times on barges or railcars, in addition to providing terminalling, storage and other related services utilizing its integrated assets across the United States and Canada. The NGL segment operations involve natural gas processing and NGL fractionation, storage, transportation and terminalling. The NGL segment is engaged in providing gathering, fractionation, storage, and/or terminalling services to third-party customers for a fee, extracting NGL mix from the gas stream processed at its Empress straddle plant facility as well as acquiring NGL mix.
PLAINS GP HOLDINGS, L.P. 
