PAA Stock Overview

At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.

Plains All American (PAA) might be an excellent option for investors interested in stocks that have shown strong growth lately but are still priced fairly. It is one of the stocks that passed our 'Fast-Paced Momentum at a Bargain' test.

Plains had a successful operational quarter and is likely to reach the upper limit of its adjusted EBITDA guidance for 2024, which is between $2.725 billion and $2.775 billion. They expect to generate $1.45 billion in adjusted free cash flow for 2024, with $1.15 billion set aside for common and preferred distributions. The growth in Permian volumes is progressing well, with improved efficiencies balancing out the decrease in horizontal rig counts, and the Fort Saskatchewan project is on track for completion in 2025.

HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) has announced that it, along with its fully owned subsidiary PAA Finance Corp., will issue $1 billion in senior unsecured notes with a 5.950% interest rate, maturing in 2035. The notes are being offered to the public at 99.761% of their face value. The offering is anticipated to finalize on January 15, 2025, pending the usual closing requirements.

Plains All American (PAA) saw an increase in its share price during the last trading session, with higher-than-normal trading volume. However, the recent changes in earnings estimates for the stock do not indicate that this upward trend will continue in the future.

Plains All American Pipeline (PAA 6.24%) provides investors with a strong income opportunity. The master limited partnership (MLP) has a distribution yield of more than 7%, significantly higher than the S&P 500's 1.2% dividend yield.

PAA has announced additional acquisitions that will help speed up its growth plan. These new assets are of high quality and are located near its current operations. This move is expected to enhance its overall business.

SAN ANTONIO--(BUSINESS WIRE)--EnCap Flatrock Midstream (“EFM”) has announced that it has signed two agreements to sell Ironwood Midstream Energy Partners II, LLC (“Ironwood II”) and all of its Plains Series A Preferred Units to Plains All American, L.P. (NYSE: PAA) for more than $800 million in cash. The deals are anticipated to be finalized in the first quarter of 2025, pending standard closing conditions, including regulatory approvals.

HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) have shared their quarterly distributions for the fourth quarter of 2024. They also provided information about when they will release their earnings for that quarter.