HOUSTON, May 09, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported first-quarter 2025 results and provided the following highlights: First-Quarter Results Reported net income attributable to PAA of $443 million and net cash provided by operating activities of $639 millionDelivered Adjusted EBITDA attributable to PAA of $754 millionExited the quarter with 3.3x leverage ratio, toward the low end of our target range of 3.25x - 3.75x ( ...

Plains All American Pipeline, L.P. PAA will release earnings results for the first quarter, before the opening bell on Friday, May 9.Analysts expect the Houston, Texas-based company to report quarterly earnings at 45 cents per share, up from 41 cents per share in the year-ago period. Plains All American Pipeline projects to report quarterly revenue at $14 billion, compared to $11.99 billion a year earlier, according to data from Benzinga Pro.On March 26, Plains All American Pipeline announced that Harry Pef ...

Plains All American Pipeline, L.P. (PAA) is expected to report an improvement in its top and bottom line when it reports first-quarter 2025 results on May 9, before the market opens. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The Zacks Consensus Estimate for PAA’s first-quarter revenues is pegged at $13.12 billion, indicating a 9.35% increase from the year-ago reported figure.The consensus estimate for earnings is pegged at 43 cents per unit. The Zacks Consensus Estimate for PAA’s ...

Units of Plains All American Pipeline LP (PAA) have rallied 7.8% in the past six months compared with the Zacks Oil and Gas – Production Pipeline - MLB industry’s growth of 3.4%. PAA’s units have also outperformed the S&P 500 and the Zacks Oil-Energy sector in the same time frame.Another operator in the same space, Energy Transfer (ET) , also outperformed the industry, sector, and S&P 500 in the same time frame.The firm, after completing its multi-year expansion plan, maintains disciplined capital spending ...

The midstream sector of the oil and gas industry plays a pivotal role in connecting upstream production with downstream refining and distribution. It involves the transportation, storage, and wholesale marketing of crude oil, natural gas, and natural gas liquids (NGLs). Midstream companies manage extensive pipeline networks, storage facilities, and processing plants to ensure the efficient and secure movement of hydrocarbons from production sites to end-users.This Midstream sector is known for its capital-i ...

Core Viewpoint - Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings (PAGP) announced their quarterly distributions for Q1 2025 and the timing for their earnings release [1][2][3]. Distribution Declaration - PAA Common Units will have a cash distribution of $0.38 per unit, unchanged from February 2025, equating to an annualized rate of $1.52 per unit [6]. - PAGP Class A Shares will also have a cash distribution of $0.38 per share, unchanged from February 2025, with an annualized rate of $1.52 per share [6]. - PAA Series A Preferred Units will distribute $0.61524 per unit, approximately $2.46 on an annualized basis [6]. - PAA Series B Preferred Units will distribute $21.49 per unit, based on the applicable quarterly floating rate [6]. Earnings Timing - PAA and PAGP will release their Q1 2025 earnings before market open on May 9, 2025 [3]. - A conference call for analysts and investors will be held at 9:00 a.m. CT (10 a.m. ET) to discuss the earnings, which will be webcast live [3]. Company Overview - PAA operates midstream energy infrastructure and logistics services for crude oil and natural gas liquids (NGL), handling approximately eight million barrels per day [4]. - PAGP holds an indirect, non-economic controlling general partner interest in PAA and is one of the largest energy infrastructure and logistics companies in North America [5].

HOUSTON, April 02, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced today their quarterly distributions with respect to the first quarter of 2025 and also announced timing of first quarter 2025 earnings. First Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on May 15, 2025 to holders of the respective securities at the close of business on May 1, 2025: PA ...

Last year, I flagged Plains All American (NASDAQ: PAA ) ( PAGP ) as a standout in the oil and gas midstream space. At the time, I said it was one of those stocks people tend toBashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's degree in Finance from the Queen Mary University of London and a Bachelor's degree in Economics from Middlesex Un ...

Crude oil prices have slumped about 15% over the past year. That has pushed West Texas Intermediate (WTI), the primary U.S. oil price benchmark, below $70 a barrel. That decline will weigh on the oil-fueled cash flows of many energy companies. But the real show of strength is the dividend, which has been increased every year for 42 consecutive years. That's an incredible streak given the inherent volatility of energy prices. And a strong balance sheet isn't just supportive of the dividend, it also gives Exx ...

HOUSTON, March 26, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced today that Harry Pefanis will retire as President of Plains effective June 1, 2025. Willie Chiang, Chairman of the Board and CEO, will assume the role of President effective upon the retirement of Mr. Pefanis. In addition, Plains announced updates to the lead director position and certain committee assignments for its Board of Directors that will also be effective June 1 ...