Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
18 November 1998Website:
http://www.plains.comNext earnings report:
08 November 2024Last dividends:
31 October 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:22:23 GMTAnalysts recommendations
Institutional Ownership
PAA Latest News
Plains All American Pipeline reported positive results, including a $75 million EBITDA increase and favorable spreads on unhedged C3+ products. Growth is expected from Bolt-On acquisitions and crude volume increases, though significant growth in crude production is uncertain. Management plans to refinance $1.7 billion in debt by 2026.
HOUSTON, Oct. 02, 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 third quarter of 2024 and also announced timing of third quarter 2024 earnings.
Plains All American has delivered a strong quarter yet again. Apart from healthy EBITDA dynamics, PAA raised the guidance, initiated some steps in the M&A field, and signed an attractive long-term agreement in NGL's segment. Despite these improvements and more favorable interest rate outlook, the share price has remained relatively flat since my previous article.
PAA offers a 7.3% distribution yield with strong coverage ratio and steady growth potential. The company has diversified assets, strong balance sheet, and strategic shift towards fee-based business. PAA's recent performance, acquisition strategy, and valuation make it a compelling choice for conservative investors.
After losing some value lately, a hammer chart pattern has been formed for Plains All American (PAA), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported strong second-quarter 2024 results and raised full-year 2024 Adjusted EBITDA guidance.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Plains All American (PAA) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Plains All American (PAA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
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.
What type of business is Plains All American Pipeline LP?
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars. This segment provides terminaling, storage, and other facilities-related services, as well as merchant activities. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminaling. This segment also includes ethane, propane, normal butane, iso-butane, and natural gasoline derived from natural gas production and processing activities, as well as crude oil refining processes. Its NGL components are used for various applications, such as heating, engine, and industrial fuels. 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.plains.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 was Plains All American Pipeline LP the previous earnings report?
No data
When does Plains All American Pipeline LP earnings report?
The next expected earnings date for Plains All American Pipeline LP is 08 November 2024