Plains All American Pipeline, L.P. (PAA) reported second-quarter 2024 adjusted earnings of 31 cents per unit, which missed the Zacks Consensus Estimate of 33 cents by 6.1%. However, the bottom line improved 24% from 25 cents in the year-ago quarter. The company reported GAAP earnings of 26 cents per unit compared with 32 cents in the year-ago period. Total Revenues Net sales of $12.93 billion beat the Zacks Consensus Estimate of $12.91 billion by 0.2%. The top line also increased 11.5% from the year-ago qua ...

2Q24 Earnings Call August 2, 2024 Forward-Looking Statements & Non-GAAP Financial Measures Disclosure 2 This presentation contains forward-looking statements, including, in particular, statements about the performance, plans, strategies and objectives for future operations of Plains All American Pipeline, L.P. ("PAA") and Plains GP Holdings, L.P. ("PAGP"). These forward-looking statements are based on PAA's current views with respect to future events, based on what we believe to be reasonable assumptions. P ...

Exhibit 99.1 - more - Plains All American Reports Second-Quarter 2024 Results & Raises 2024 Guidance Houston, TX – August 2, 2024 – 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. Second-Quarter Results • Reported net income attributable to PAA of $250 million and net cash provided by operating activities of $653 million • Delivered Adjusted EBITDA attributable to PAA ...

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. Second-Quarter Results Reported net income attributable to PAA of $250 million and net cash provided by operating activities of $653 million Delivered Adjusted EBITDA attributable to PAA of $674 million Generated Adjusted Free Cash Flow of $421 million (excluding changes in Assets ...

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. Second-Quarter Results Reported net income attributable to PAA of $250 million and net cash provided by operating activities of $653 million Delivered Adjusted EBITDA attributable to PAA of $674 million Generated Adjusted Free Cash Flow of $421 million (excluding changes in Asset ...

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 ...

It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. There are several stocks that currently pass through the screen and Plains All American ...

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]

Plains All American Pipeline (NASDAQ:PAA) posted earnings some weeks ago, giving investors a strange and confusing conference. Management clearly sandbagged the 2024 estimates and spent a lot of effort discussing 2026. They seemed focused on painting a self-portrait of steady results without disclosing solid reasons. Maybe we missed the message. We write often on Plains with its pronounced exposure in key crude production locations. Our last article, written in February, Plains All American Pipeline's Units ...