Plains All American Pipeline, L.P. (PAA) reported third-quarter 2024 adjusted earnings of 37 cents per unit, which surpassed the Zacks Consensus Estimate of 31 cents by 19.4%. The bottom line also improved 5.7% from 35 cents in the year-ago quarter.The company reported GAAP earnings of 22 cents per unit compared with 20 cents in the year-ago period.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.PAA’s Total Revenues Net sales of $12.74 billion beat the Zacks Consensus Estimate of $1 ...

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. Third-Quarter Results Reported net income attributable to PAA of $220 million and net cash provided by operating activities of $692 millionDelivered solid Adjusted EBITDA attributable to PAA of $659 millionProgressed our efficient growth strategy with a small bolt-on acquisition of a Permian gathering systemExited the quarter with 3.0x l ...

Covering Plains All American Pipeline (NASDAQ: PAA ) seems a must for those interested in world and U.S. oil markets. The company includes easy to understand summary details, difficult to find elsewhere, of overall fossil fuel-based inventories, uses and other elements important to I have been an investor for several decades enduring the 87 crash, 2000 crash, and 08 crash. I do use trading systems developed with TradeStation. I have enjoyed the rewards from both buy and hold and trading. My professional exp ...

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. Third Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid ...

Core Viewpoint - Plains All American Pipeline, L.P. and Plains GP Holdings reported strong second-quarter 2024 results, raising their full-year 2024 Adjusted EBITDA guidance, reflecting resilience in their business model and market adaptability [1][2]. Financial Performance - Reported net income attributable to PAA was $250 million for Q2 2024, down 15% from $293 million in Q2 2023 [3]. - Adjusted EBITDA attributable to PAA for Q2 2024 was $674 million, an increase of 13% from $597 million in Q2 2023 [4][38]. - Adjusted Free Cash Flow for Q2 2024 was $421 million, excluding changes in assets and liabilities [2][4]. Guidance Update - The mid-point of guidance for full-year 2024 Adjusted EBITDA attributable to PAA was raised by $75 million to a new range of $2.725 - $2.775 billion [2]. - Full-year 2024 Adjusted Free Cash Flow guidance remains at $1.55 billion [2]. Segment Performance - Crude Oil Segment Adjusted EBITDA increased by 9% in Q2 2024 compared to Q2 2023, driven by higher tariff volumes and contributions from acquisitions [8]. - NGL Segment Adjusted EBITDA saw a significant increase of 52% in Q2 2024 compared to the same period in 2023, attributed to improved margins and recovery from prior year turnarounds [9]. Capital Structure - The company successfully priced a public offering of $650 million of unsecured senior notes at 5.7% due in 2034 [2]. - Total assets as of June 30, 2024, were $27.453 billion, with total liabilities at $13.875 billion [26]. Cash Flow and Distributions - Net cash provided by operating activities for Q2 2024 was $653 million, a decrease of 26% from $888 million in Q2 2023 [3][31]. - The distribution per common unit declared for the period was $0.3175, up 19% from $0.2675 in Q2 2023 [3].

Core Insights - Plains All American Pipeline, L.P. and Plains GP Holdings reported strong second-quarter 2024 results and raised full-year 2024 Adjusted EBITDA guidance [1][2]. Financial Performance - Reported net income attributable to PAA was $250 million for Q2 2024, down 15% from $293 million in Q2 2023 [3][11]. - Net cash provided by operating activities was $653 million, a decrease of 26% from $888 million in Q2 2023 [3][30]. - Adjusted EBITDA attributable to PAA reached $674 million, reflecting a 13% increase from $597 million in Q2 2023 [2][37]. - Adjusted Free Cash Flow was $421 million, excluding changes in Assets & Liabilities [2][8]. Guidance Update - The mid-point of guidance for full-year 2024 Adjusted EBITDA attributable to PAA was raised by $75 million to a new range of $2.725 - $2.775 billion [2][12]. - Full-year 2024 Adjusted Free Cash Flow guidance remains at $1.55 billion [2]. Segment Performance - Crude Oil Segment Adjusted EBITDA increased by 9% to $576 million in Q2 2024, driven by higher tariff volumes and tariff escalations [11][12]. - NGL Segment Adjusted EBITDA surged by 52% to $94 million, primarily due to improved margins from iso-to-normal butane spread benefits [12][11]. Capital Structure - Successfully priced a public offering of $650 million of unsecured senior notes at 5.7% due 2034 [2]. - Total debt as of June 30, 2024, was $7.976 billion, with a long-term debt-to-total book capitalization ratio of 41% [26][25]. Distribution Information - Distribution per common unit declared for the period was $0.3175, a 19% increase from $0.2675 in Q2 2023 [3][2].

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. One company value investors might notice is Plains All American Pipeline (PAA) . PAA is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. Finally, investors should note that PAA has a P/CF ratio of 6.08. This figure highlights ...

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What's Driving the Outperformance? Plains All American may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself. Have you been paying attention to shares of Plains All American Pipeline (PAA) ? Shares have been on the move with the stock up 12.2% over the past month. The stock hit a new 52-week high of $19.04 in the previous session. Plains All American Pi ...

Company Overview - Plains All American Pipeline, L.P. (PAA) is a publicly traded master limited partnership that operates midstream energy infrastructure and logistics services for crude oil and natural gas liquids (NGL) [5] - The company owns an extensive network of pipeline gathering and transportation systems, along with terminalling, storage, processing, fractionation, and other infrastructure assets serving key producing basins, transportation corridors, and major market hubs in the United States and Canada [5] - On average, PAA handles approximately 8 million barrels per day of crude oil and NGL [5] Corporate Structure - Plains All American Pipeline, L.P. (PAA) is associated with Plains All American GP LLC (PAGP), which owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA [2] Location - PAA and PAGP are headquartered in Houston, Texas [3]