Plains GP Holdings, L.P. Announces Quarterly Cash Distributions for the Fourth Quarter of 2014, Payable on February 13, 2015
January 08, 2015 at 07:33 pm IST
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Plains GP Holdings, L.P. announced quarterly cash distributions with respect to the fourth quarter of 2014. PAGP increased its quarterly cash distribution to $0.203 per Class A share ($0.812 per Class A share on an annualized basis) on all of its outstanding Class A shares. This distribution represents an increase of 6.4% over the quarterly distribution of $0.19075 per Class A share ($0.763 per Class A share on an annualized basis) paid in November 2014.
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. 
