Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
18 November 1998Website:
http://www.plainsallamerican.comNext earnings report:
02 August 2024Last dividends:
30 April 2024Next dividends:
N/APrice
after hours | 11 min agoAnalysts recommendations
Institutional Ownership
PAA Latest News
HOUSTON, July 03, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced their quarterly distributions with respect to the second quarter of 2024 and also announced timing of second quarter 2024 earnings.
First quarter adjusted EBITDA net PAA was $718 million. The company reaffirmed adjusted EBITDA guidance ranged between $2.625 billion to $2.725 billion for 2024. Acquired additional 10% in Saddlehorn Pipeline Company, LLC and Mid-Con terminal asset for $110 million, expected to enhance position in Rockies and Mid-Con.
HOUSTON, June 17, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NYSE: PAA) today announced that it and PAA Finance Corp., a wholly-owned subsidiary of PAA, as co-issuer, have priced an underwritten public offering (the “Offering”) of $650 million aggregate principal amount of 5.700% senior unsecured notes (the “Notes”) due 2034 at a price to the public of 99.953% of their face value. The Offering is expected to close on June 27, 2024, subject to the satisfaction of customary closing conditions.
Plains All American (PAA) reports flat first-quarter earnings compared to the previous year, with a decrease in revenues. However, total costs and expenses also decrease during this time.
Plains All American Pipeline, L.P. (NASDAQ:PAA) held its Q1 2024 Earnings Conference Call on May 3, 2024 at 10:00 AM ET. The call included company representatives such as Vice President of Investor Relations Blake Fernandez, Chairman and CEO Willie Chiang, Executive Vice President and CFO Al Swanson, and Executive Vice President and CCO Jeremy Goebel. Various analysts from Wells Fargo, Citi, Wolfe Research, Seaport Global, TPH & Company, UBS, Truist Securities, JPMorgan Securities, Goldman Sachs, and Barclays also participated in the call. The operator thanked everyone for joining the call.
In the latest trading session, Plains All American Pipeline (PAA) closed at $18.56, marking a +1.48% move from the previous day.
Zacks.com users have recently been watching Plains All American (PAA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
PAA's dividends are important for investors betting on the long-term value of its assets in a changing energy landscape. PAA has made strategic changes to become a more stable company, including cutting debt and focusing on smaller pipeline projects. PAA's leverage has decreased, and its credit rating outlook has improved, indicating a potential for a rating upgrade in the future.
In the latest trading session, Plains All American Pipeline (PAA) closed at $17.07, marking a -0.52% move from the previous day.
Plains All American (PAA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
What type of business is Plains All American Pipeline LP?
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminalling, storage, and other facilities-related services, as well as merchant activities. As of December 31, 2021, this segment owned and leased 18,300 miles of active crude oil transportation pipelines and gathering systems, as well as an additional 110 miles of pipelines that supports crude oil storage and terminalling facilities; 74 million barrels of commercial crude oil storage capacity; 38 million barrels of active, above-ground tank capacity; four marine facilities; a condensate processing facility; seven crude oil rail terminals and 2,100 crude oil railcars; and 640 trucks and 1,275 trailers. The Natural Gas Liquids segment engages in the natural gas processing, NGL fractionation, storage, transportation, and terminalling activities. As of December 31, 2021, this segment owned and operated four natural gas processing plants; nine fractionation plants; 28 million barrels of NGL storage capacity; approximately 1,620 miles of active NGL transportation pipelines, as well as an additional 55 miles of pipeline that supports NGL storage facilities; 16 NGL rail terminals and approximately 3,900 NGL rail cars; and approximately 220 trailers. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.
What sector is Plains All American Pipeline LP in?
Plains All American Pipeline LP is in the Energy sector
What industry is Plains All American Pipeline LP in?
Plains All American Pipeline LP is in the Oil & Gas Midstream industry
What country is Plains All American Pipeline LP from?
Plains All American Pipeline LP is headquartered in United States
When did Plains All American Pipeline LP go public?
Plains All American Pipeline LP initial public offering (IPO) was on 18 November 1998
What is Plains All American Pipeline LP website?
https://www.plainsallamerican.com
Is Plains All American Pipeline LP in the S&P 500?
No, Plains All American Pipeline LP is not included in the S&P 500 index
Is Plains All American Pipeline LP in the NASDAQ 100?
No, Plains All American Pipeline LP is not included in the NASDAQ 100 index
Is Plains All American Pipeline LP in the Dow Jones?
No, Plains All American Pipeline LP is not included in the Dow Jones index
When does Plains All American Pipeline LP report earnings?
The next expected earnings date for Plains All American Pipeline LP is 02 August 2024