Plains All American Pipeline

Plains All American Pipeline LP engages in the provision of logistics services and owns midstream energy infrastructure. It operates through the following business segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment includes transporting crude oil and natural gas liquids (NGL) on pipelines, gathering systems, and trucks. The Facilities segment offers storage, terminalling, and throughput services primarily for crude oil and NGL, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. The Supply and Logistics segment is involved in the sale of gathered and bulk-purchased crude oil, as well as the sale of NGL volumes. The company was founded in 1998 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Plains All American Pipeline (PAA) excels in Q4 earnings, eyes growth opportunities

Plains All American Pipeline (PAA) reported robust financial performance, exceeding expectations in key segments and announcing a distribution increase.
The company's strengths lie in its attractive asset base, financial discipline, and operational resilience, with opportunities seen in growth initiatives and strategic investments.
Challenges include market impacts, credit rating maintenance, and balancing financial assumptions, all of which require careful management.
Overall, PAA's focus on capital discipline, debt reduction, and value creation through strategic actions positions it well for future growth and stability.

Plains All American Pipeline reports robust earnings and growth strategies

Plains All American Pipeline (PAA) demonstrates strong financial performance and strategic focus on growth and stability. While facing challenges in customer contracts and M&A impacts, the company is well-positioned to capitalize on NGL opportunities and energy transition initiatives.

Plains All American Pipeline reports strong Q2 results and strategic acquisitions

Plains All American Pipeline (PAA) showcased robust performance, strategic acquisitions, and disciplined financial management in Q2 2023.
While facing challenges like weather impacts and supply agreement expirations, PAA aims to capitalize on opportunities for growth and efficiency.
Maintaining a focus on fee-based earnings, capital discipline, and shareholder value, PAA navigates market complexities with a prudent approach.

Plains All American Pipeline excels in Q3, eyes growth opportunities

Plains All American Pipeline demonstrates strong financial performance and strategic foresight, positioning for sustainable growth and shareholder value creation.
While facing challenges such as volatility in frac spread and increased maintenance capital budget, the company's prudent financial management and operational efficiency are key strengths.
Opportunities lie in leveraging growth prospects in the crude oil business, annualized distribution increases, and strategic acquisitions to drive future success.

Plains All American Pipeline (PAA) surpasses expectations, eyes growth opportunities

Plains All American Pipeline (PAA) delivered strong financial performance, enhanced balance sheet, and outlined key focus areas for 2024. Despite challenges from geopolitical factors and segment headwinds, PAA remains focused on growth and value creation.

Plains All American Pipeline posts strong Q1 results and eyes growth opportunities amidst challenges

Plains All American Pipeline (PAA) delivers robust Q1 results, reaffirms 2024 outlook, and focuses on capital discipline.
Strategic acquisitions, contract extensions, and Permian growth plans drive optimism amidst market challenges.
Maintaining financial flexibility, generating free cash flow, and prudent capital allocation key to sustained growth.
Addressing operational challenges while seizing growth opportunities positions PAA for long-term success.

Plains All American Pipeline (PAA) beats Q2 expectations and boosts full-year guidance

Plains All American Pipeline (PAA) reported robust Q2 results, exceeding expectations and raising full-year guidance. The company's focus on disciplined strategies, operational strength, and cash flow discipline underpin its performance. While challenges like market volatility persist, PAA's opportunities lie in further acquisitions and optimizing its cash flow profile for sustainable growth.

Plains All American Pipeline excels in Q3, resolves lawsuits

Plains All American Pipeline is on track to meet or exceed financial targets for 2024, driven by strong operational performance.
Despite legal challenges, the company's focus on efficient growth, financial flexibility, and capital allocation strengths position it well for the future.
Resolving legal issues and capitalizing on growth opportunities in the Permian region are key priorities for Plains.
Investors can find confidence in Plains' improved credit rating, stable outlook, and commitment to value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Plains All American Pipeline LP engages in the operation of midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, and natural gas. It operates through the Crude Oil and Natural Gas Liquids (NGL) segments. The Crude Oil segment refers to the pipeline transportation, terminalling, storage, and gathering assets. The NGL segment produces basins and transportation corridors. The company was founded by Greg L. Armstrong in 1998 and is headquartered in Houston, TX.

Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa Barbara, a filing showed on Tuesday.

Plains All American agrees to pay about $73 mln to settle California oil spill lawsuit

Plains All American Pipeline's Q3 2024 results were mixed, missing revenue expectations but beating non-GAAP earnings, leading to a 3.91% decline in unit price. Despite the revenue miss, gross profit remained stable, with a 3.03% decline from Q2 2024 but a significant increase from Q3 2023. The company is seeing growth from its subsidiaries but weakness in other business segments.

Plains All American Pipeline: Results Were Okay, Company Should Be A Nice Income Source

Plains All American Pipeline maintains a stable market share and competitive advantage in crude oil transportation, but faces revenue volatility due to fluctuating oil prices. The company's profitability is low, with average gross and net margins of 7.5% and 1.59%, primarily due to its focus on crude oil transportation. Despite high debt levels, Plains All American Pipeline shows slightly stronger FCF margins than competitors, attributed to lower capex spending.

Plains All American Pipeline: Risky Fixed Income Play

Plains All American Pipeline, L.P. Common Units (NASDAQ:PAA ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Blake Fernandez - Vice President, Investor Relations Willie Chiang - Chairman and Chief Executive Officer Al Swanson - Executive Vice President and Chief Financial Officer Jeremy Goebel - Executive Vice President and Chief Commercial Officer Chris Chandler - Executive Vice President and Chief Operating Officer Conference Call Participants Michael Blum - Wells Fargo Spiro Dounis - Citi Jeremy Tonet - JPMorgan Securities Neel Mitra - Bank of America AJ O'Donnell - TPH Manav Gupta - UBS John Mackay - Goldman Sachs Neal Dingmann - Truist Securities Operator Hello, and welcome to PAA and PAGP Third Quarter 2024 Earnings Call.

Plains All American Pipeline, L.P. Common Units (PAA) Q3 2024 Earnings Call Transcript

PAA's third-quarter earnings and revenues beat estimates. The company's 2024 adjusted EBITDA outlook remains unchanged.

Plains All American Q3 Earnings Top Estimates, Sales Rise Y/Y

HOUSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported third-quarter 2024 results.

Plains All American Reports Third-Quarter 2024 Results

Alexandria Real Estate Equities

Kinder Morgan

Williams

Stock market irrationality creates opportunities for value investors. In this article, I present 2 quality bargain stocks trading well below their 52-week highs. Alexandria Real Estate offers a 4.5% yield, strong tenant demand, and strategic life sciences properties, supported by robust financials and growth potential. Plains All American provides a 7.4% distribution yield, diversified pipeline network, and solid financials with potential for market-beating returns.

My 2 Top Conviction Bargains, Up To 7% Yield

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.

Financials For Plains All American Pipeline Remain Strong

Agree Realty

Blackstone Secured Lending Fund

Capital Southwest

Enbridge

Enterprise Products Partners

Main Street Capital

Realty Income Corp

Schwab US Dividend Equity ETF

STAG Industrial

Achieving the first $100,000 is crucial for portfolio diversification and accessing material reinvestment opportunities. If the objective is to build a massive snowball from durable income investments, there are only a few asset classes that tick the necessary boxes. In this article, I explain how I would allocate $100,000 among MLPs, BDCs, equity REITs, and SCHD.

Invest $100,000 For Durable Income Without Losing Sleep At Night

Antero Midstream Partners

CrossAmerica Partners

Cheniere Energy Partners

Delek Logistics Partners

DT Midstream

EnLink Midstream

Energy Transfer LP Unit

Genesis Energy

Global Partners

Hess Midstream Partners

Kinetik Holdings

Martin Midstream Partners

MPLX

ONEOK

Plains GP Hlds

Pembina Pipeline

Targa Resources

TC Energy

Ultrapar Participacoes S.A.

Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of a quality matrix with factors including valuation, profitability, growth, leverage, yield, and yield coverage. Based on this review, I recommend those investors who are interested in midstream energy first consider the five highest quality midstreams: HESM, WES, EPD, ET, and KNTK.

Midstream Energy - Relative Quality

Western Gas Partners

On September 30, 2024, ALPS Advisors Inc., a prominent asset management firm, made a significant addition to its investment portfolio by acquiring 2,773,743 shares of EnLink Midstream LLC (ENLC, Financial). This transaction increased the firm's total holdings in ENLC to 46,191,145 shares, marking a substantial investment move.

ALPS Advisors Inc. Expands Stake in EnLink Midstream LLC

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 Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Third Quarter 2024 Earnings

Alerian MLP ETF

Vanguard Real Estate ETF

Energy Select Sector SPDR Fund

Utilities Select Sector SPDR Fund

There is a leading blue-chip that has been a serial underperformer over the past half decade. However, it has a very strong balance sheet, a sky-high yield that is well covered, and it continues to grow its payout year after year. I discuss this opportunity and share why the more it underperforms, the more I buy it.

The More It Underperforms, The More I Buy

Chevron

Chevron has the balance sheet to weather energy industry cycles while continuing to pay investors well. Plains All American generates steady fee-based income as oil flows through its critical infrastructure network.

Oil Prices Are Down. Here Are 3 Energy Stocks That Can Prosper No Matter Where Prices Go Next.

Global X SuperDividend US ETF

My ideal stock has four specific qualities. There is one sector where these qualities still exist in abundance. I share some of the most attractive opportunities in the space and why this opportunity may not last much longer.

Buy These Blue-Chip High-Yield Growth Stocks Before It Is Too Late

Midstream players secure additional cashflows from their huge backlog of growth projects, which brightens the outlook for the Zacks Oil and Gas - Pipeline MLP industry. Some of the frontrunners in the industry are Enterprise (EPD), Energy Transfer (ET), and Plains All American Pipeline (PAA).

3 Oil & Gas Pipeline Stocks to Watch From a Prospering Industry

Current high interest rates provide an opportunity for retirement investors to secure defensive and meaningful dividend yields before rates potentially decline. Main Street Capital offers a robust 8.4% dividend yield, supported by strong credit metrics, diversified portfolios, and a conservative leverage profile. Plains All American Pipeline provides a 7.3% yield, backed by stable cash flows, healthy CapEx, and substantial dividend coverage, with potential for future increases.

2 Big Dividends That Are Worthy Of Your Retirement Portfolio

Hercules Capital

Recent market volatility has created attractive buying opportunities in high-yield stocks like Hercules Capital and Plains All American. HTGC offers a 10.4% total dividend yield, driven by a low-cost structure, strong portfolio performance, and robust operating fundamentals. PAA provides a very well-covered 7.3% distribution yield, supported by growing volumes, strong liquidity, and disciplined capital allocation.

Market Jitters, Dividend Winners: 2 High-Yields To Buy Now

ENB and PAA/PAGP are leading midstream businesses with attractive yields and strong balance sheets. ENB has a better long-term track record than PAA/PAGP, but PAA/PAGP has outperformed ENB recently. We compare them side-by-side and explain why we think only one of these is a Buy right now.

Plains All American Pipeline Vs. Enbridge: Only One Is A Buy

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.

Plains All American: Flat Share Price But Improved Business, It Is Still A Buy

Brookfield Renewable Partners

In this article, I highlight two undervalued dividend stocks that may be good places for new money. Brookfield Renewable Partners offers strong growth and value with diversified renewable assets and steady revenue streams. Plains All American is a hidden strong performer with a large pipeline network, disciplined cost management, and well-covered distribution yield.

I'm Putting New Money To Work On These 6-7% Yields

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.

Plains All American: 7.3% Yield And 190% Dividend Coverage

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.

Here's Why Plains All American (PAA) Is a Great 'Buy the Bottom' Stock Now

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced that the company's 2023 Sustainability Report Update is now available and can be accessed on the company's website at plains.com/sustainability. The update is also accessible directly at this link.

Plains All American Releases 2023 Sustainability Report

Plains All American Pipeline, L.P. (NASDAQ:PAA ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Blake Fernandez - Vice President, Investor Relations Willie Chiang - Chairman and CEO Al Swanson - Executive Vice President and CFO Jeremy Goebel - Executive Vice President and CCO Chris Chandler - Executive Vice President and COO Conference Call Participants Tristan Richardson - Scotiabank Michael Blum - Wells Fargo Jeremy Tonet - JPMorgan Securities Manav Gupta - UBS Keith Stanley - Wolfe Research Spiro Dounis - Citi Neel Mitra - Bank of America AJ O'Donnell - TPH Sunil Sibal - Seaport Global Neal Dingmann - Truist Securities John Mackay - Goldman Sachs Operator Good day and thank you for standing by.

News for Plains All American Pipeline Stock (PAA)