Andrew John O'Donnell

Gabriel Moreen

John Mackay

Manav Gupta

Michael Blum

Sunil Sibal

Theresa Chen

Vrathan Reddy

- Plains All American Pipeline, L.P. (PAA), a subsidiary of Plains GP Holdings, L.P. (PAGP), has entered into a definitive agreement to acquire a **55% non-operated interest in EPIC Crude Holdings, LP**.  **[1581990_0001104659-25-086021_tm2524782d1_ex99-1.htm:0]** **[1581990_0001104659-25-086021_tm2524782d1_8k.htm:1]** 
- The transaction is valued at approximately **$1.57 billion**, inclusive of approximately **$600 million of debt**, with a potential **$193 million earnout payment**.  **[1581990_0001104659-25-086021_tm2524782d1_ex99-1.htm:0]** **[1581990_0001104659-25-086021_tm2524782d1_8k.htm:1]** 
- The acquisition is expected to be **immediately accretive to distributable cash flow** and is anticipated to close in the **first quarter of 2026**.  **[1581990_0001104659-25-086021_tm2524782d1_ex99-1.htm:0]** **[1581990_0001104659-25-086021_tm2524782d1_8k.htm:1]** **[1581990_0001104659-25-086021_tm2524782d1_ex99-1.htm:1]** 
- EPIC Crude Holdings owns the EPIC Crude Oil Pipeline, which includes approximately **800 miles of long-haul pipelines**, operating capacity of over **600,000 barrels per day**, **7 million barrels of operational storage**, and over **200,000 barrels per day of export capacity**.  **[1581990_0001104659-25-086021_tm2524782d1_ex99-1.htm:0]** **[1581990_0001104659-25-086021_tm2524782d1_8k.htm:1]**

PLAINS GP HOLDINGS (PAGP)