Plains All American Pipeline (PAA) shares ended the last trading session 6.2% higher at $18.73. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's no gain, no loss over the past four weeks.Plains All American Pipeline’s systematic investments to expand operations, joint ventures, ample liquidity, debt reduction, strong presence in the Permian Basin and non-core asset divestiture will drive its performance.Recently, th ...

Core Viewpoint - Plains All American Pipeline is enhancing its income stream through strategic acquisitions and increased distributions, positioning itself as an attractive option for income-seeking investors [1][11]. Group 1: Distribution and Financial Performance - The MLP currently offers a distribution yield over 7%, significantly higher than the S&P 500's 1.2% [1]. - The company plans to increase its distribution by 20% this year, supported by recent deals that enhance cash flow [1][2]. - The MLP has improved its leverage ratio by 22% since 2021, with earnings growing at an 8% compound annual rate over the past three years [6][7]. Group 2: Acquisitions and Growth Strategy - Plains All American Pipeline is making three acquisitions totaling $670 million to enhance its crude oil footprint in key regions [2][9]. - The acquisitions include Ironwood Midstream Energy for $475 million, Medallion Midstream's Delaware Basin business for $160 million, and the remaining 50% interest in Midway Pipeline for $90 million [9]. - The company plans to invest $300 million to $400 million annually in high-return organic expansion projects [12]. Group 3: Future Outlook and Capital Management - The MLP aims for annual distribution growth of $0.15 per unit until it reaches its targeted payout ratio, with expectations to exceed this by boosting payouts by $0.25 per unit this year [8]. - The company has about $2.6 billion of preferred units that could be repurchased or refinanced, reducing future cash distributions [12]. - Continued growth drivers include organic expansion, streamlined operations, and further accretive acquisitions [10][12].

Plains All American Pipeline (PAA) announced three bolt-on acquisitions for an aggregate cash consideration of nearly $670 million, the purchase of nearly 18% of its outstanding PAA Series A Preferred Units and a 20% increase in its annualized distribution rate.The firm’s board of directors has approved an increase in its quarterly distribution (payable in February 2025), for both PAA common units and Plains Group (PAGP) Class A shares, from 31.75 cents per unit to 38 cents. On an annualized basis, the dist ...

HOUSTON, Jan. 07, 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 fourth quarter of 2024 and also announced timing of fourth quarter 2024 earnings. Fourth Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which represents a $0.0625 increase from the di ...

HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) announced today three bolt-on acquisitions for an aggregate cash consideration of approximately $670 million net to Plains, the purchase of approximately 18% of its outstanding PAA Series A Preferred Units and a 20% increase in its annualized distribution rate. Bolt-on Acquisitions Plains signed a definitive agreement to acquire Ironwood Midstream Energy ...

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Plains All American Pipeline, L.P. (NASDAQ: PAA ) reported mixed results in Q3 ’24 with a $340mm revenue miss and an earnings beat by $0.06/unit. Management guided to the top end of their range for adjustedMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Services ...

On Friday, November 8, 2024, crude oil and liquids-focused midstream master limited partnership Plains All American Pipeline, L.P. (NASDAQ: PAA ) announced its third-quarter 2024 earnings results. At first glance, these results were mixed, as Plains All American Pipeline missedAt Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribing, you will get access to our best ideas earlier than they a ...