Plains GP Holdings to sell NGL assets

Plains GP Holdings expects to generate net income and profits for Tax Year 2026 from the sale. The distribution made in respect of the Class A Share may be treated as taxable dividends. Plains will release its fourth-quarter 2025 earnings on February 6, 2026. Form 8937 will need to be published after the closing of the transaction. Part of the cash distribution will be treated as a return of capital and not as taxable dividends. Quotes: "In connection with the pending sale of NGL assets, Plains GP Holdings stated that the Company will generate net income and profits for Tax Year 2026.", "As such, the distribution made in respect of the Class A Share may be treated as taxable dividends, resulting in the potential to pay taxes upon this portion of the distribution.", "Plains will release its fourth-quarter 2025 earnings on February 6, 2026.", "Additionally, the fact that Plains will need to publish Form 8937 after the closing of the transaction implies that there may be changes in Plains’ financial configuration that will impact various aspects of the Company’s distribution payments during 2026.", "Furthermore, the mere acknowledgement that part of the cash distribution will be treated as a return of capital and not as taxable dividends adds additional importance to long-term investors who track the ability of the Company to sustainably deliver cash-flow and the consequences of the sale of assets ."