Plains All American Pipeline L.P. (PAA) Expects Q2 EBITDA to Exceed Mid-Point Guidance

Plains All American Pipeline, L.P. (NYSE: PAA) today announced that it expects adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") for the second quarter of 2014 to exceed the mid-point of its quarterly guidance by approximately 8 to 10%. This expected level of performance is driven by continued strong fundamentals and favorable market conditions.

On May 7, 2014, PAA furnished a Form 8-K providing midpoint adjusted EBITDA guidance of $455 million for the second quarter of 2014 based on a guidance range of $430 million to $480 million. The Partnership's updated outlook does not incorporate potential adjustments associated with equity compensation expense due to variations in PAA's unit price or the Partnership’s outlook for future distribution levels.

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