Plains GP Holdings Announces Cash Distribution for the Fourth Quarter of 2016, Payable on February 14, 2017
January 09, 2017 at 07:48 pm IST
Share
Plains GP Holdings announced a cash distribution of $0.55 per Class A share for the fourth quarter of 2016 which is unchanged from the quarterly distribution paid in November 2016 on a reverse split adjusted basis. The distributions will be payable on February 14, 2017 to holders of record of each security at the close of business on January 31, 2017.
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. 
