NGL Segment
Project information
As at 31 December 2025
Description
As at 31 December 2025
NGL storage and terminalling in the Southwestern U.S. plus an integrated Canadian NGL business spanning natural gas processing (straddle plants), NGL fractionation, storage, transportation and terminalling. U.S. NGL storage capacity is approximately 24 million barrels. The Canadian network includes the Empress straddle plants, the Fort Saskatchewan fractionation and storage complex, the Sarnia fractionation and storage facility, and the Co-Ed NGL gathering pipeline. Revenues derive from fee-based gathering, fractionation, storage and terminalling plus merchant activities. Pending divestiture: in June 2025 Plains entered a Share Purchase Agreement with Keyera Corp. to sell its Canadian NGL Business for approximately CAD$5.15 billion, expected to close in Q1 2026; the assets were still held at the December 31, 2025 reporting date.
Processing facilities
As at 31 December 2025
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