September 5, 2018 / 1:25 PM / 3 months ago

Plains All American to review cash distribution for possible increase in Q1 2019

Sept 5 (Reuters) - Plains All American Pipeline expects to review its quarterly cash distribution to investors and possibly increase the distribution as early as the first quarter of 2019, Chief Operating Officer Willie Chiang said at the Barclays CEO Energy-Power Conference on Wednesday.

The Houston pipeline operator will examine global market factors and aims to retain “a high level of both operating and financial flexibility,” Chiang said. An increased distribution in the first quarter of 2019 would be payable in May.

Reporting by Collin Eaton Editing by Chizu Nomiyama

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