Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional "buying low and selling high" strategies, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum if their valuations exceed future growth potential, leading to potential losses for investors [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Plains GP Holdings (PAGP) Analysis - Plains GP Holdings (PAGP) has shown a four-week price change of 4.6%, indicating growing investor interest [4] - Over the past 12 weeks, PAGP's stock has gained 8.7%, with a beta of 1.58, suggesting it moves 58% more than the market [5] - PAGP has a Momentum Score of A, indicating a favorable time to invest based on its momentum characteristics [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to PAGP's Zacks Rank 2 (Buy), as increased analyst interest typically drives stock prices higher [7] - PAGP is currently trading at a Price-to-Sales ratio of 0.08, suggesting it is undervalued at 8 cents for each dollar of sales, providing significant upside potential [7] Group 4: Additional Investment Opportunities - Besides PAGP, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Group 1 - Plains GP Holdings (PAGP) shares increased by 6.1% to close at $19.93, following a notable trading volume compared to typical sessions, contrasting with a 1.6% loss over the past four weeks [1] - The surge in shares is attributed to sustained demand for Plains GP's midstream services, supported by a favorable crude price environment and expected rising demand for crude products in the U.S. [2] - Plains GP has announced three new acquisitions, enhancing its presence in key crude-producing regions such as the Permian, Eagle Ford, and Mid-Con basins, which is a significant growth driver for the company [2] Group 2 - The company is expected to report quarterly earnings of $0.28 per share, reflecting a year-over-year increase of 3.7%, with revenues projected at $13.16 billion, also up 3.7% from the previous year [3] - The consensus EPS estimate for Plains GP has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [4] - Plains GP is part of the Zacks Oil and Gas - Production and Pipelines industry, with a current Zacks Rank of 3 (Hold) [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________ FORM 10-Q ________________________________________________________________________________________________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

Plains GP Holdings, L.P. Class A Shares (NASDAQ:PAGP) 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 D ...

Financial Performance - Reported net income attributable to Plains All American of $220 million for Q3 2024, an 8% increase from $203 million in Q3 2023[2] - Adjusted EBITDA attributable to Plains All American was $659 million for Q3 2024, remaining stable compared to $662 million in Q3 2023[2] - Revenues for the three months ended September 30, 2024, increased to $12,743 million, up 5.6% from $12,071 million in the same period of 2023[13] - Operating income rose to $347 million for the three months ended September 30, 2024, compared to $234 million in the prior year, reflecting a 48.3% increase[13] - Net income for the three months ended September 30, 2024, was $312 million, compared to $279 million for the same period in 2023, representing an increase of 11.8%[20] - For the nine months ended September 30, 2024, revenues were $37,671 million, up from $36,014 million in the same period of 2023, marking a growth of 4.6%[33] - Operating income for the nine months ended September 30, 2024, was $1,090 million, consistent with the previous year's figure of $1,085 million[33] - Net income attributable to PAGP for the nine months ended September 30, 2024, was $736 million, compared to $918 million for the same period in 2023, indicating a decrease of 19.8%[33] Cash Flow and Liquidity - Net cash provided by operating activities was $692 million in Q3 2024, compared to $85 million in Q3 2023[2] - Adjusted Free Cash Flow for 2024 is anticipated to be approximately $1.45 billion, excluding changes in Assets & Liabilities[1] - Adjusted Free Cash Flow for the three months ended September 30, 2024, was $401 million, compared to a negative $386 million in the same period of 2023[23] - Cash and cash equivalents increased to $640 million as of September 30, 2024, from $450 million at the end of 2023[14] - The company reported a net cash used in financing activities of $330 million for the nine months ended September 30, 2024, a decrease from $1,409 million in the same period of 2023, indicating improved cash management[16] Segment Performance - The Crude Oil Segment Adjusted EBITDA increased by 4% to $577 million in Q3 2024, driven by higher tariff volumes and contributions from acquisitions[3] - The NGL Segment Adjusted EBITDA decreased by 26% to $73 million in Q3 2024, primarily due to lower weighted average frac spreads[4] - Revenues for Crude Oil segment reached $12,444 million for the three months ended September 30, 2024, up from $11,934 million in the same period of 2023, indicating a year-over-year increase of approximately 4.3%[26] - Adjusted EBITDA for the crude oil segment was $1,707 million for the nine months ended September 30, 2024, compared to $1,600 million for the same period in 2023, reflecting a growth of 6.7%[29] Capital Expenditures and Investments - Total investment capital expenditures for the nine months ended September 30, 2024, were $232 million, up from $221 million in the same period of 2023, indicating an increase of approximately 5%[17] - Maintenance capital expenditures for the nine months ended September 30, 2024, were $135 million, compared to $107 million for the same period in 2023, indicating a 26.2% increase[27] - Maintenance capital expenditures for the three months ended September 30, 2024, were $69 million, compared to $60 million in the same period of 2023, indicating a rise of 15%[20] Debt and Leverage - Plains All American exited Q3 2024 with a leverage ratio of 3.0x, below the target range of 3.25x – 3.75x[1] - The company reported a total debt of $7,977 million as of September 30, 2024, up from $7,751 million at the end of 2023[14] - Long-term debt-to-total book capitalization ratio was 41% as of September 30, 2024, consistent with the ratio from December 31, 2023[14] Market and Economic Outlook - The company faces risks including fluctuations in crude oil prices, which could significantly impact its operational margins and commercial opportunities[36] - Future outlook includes potential impacts from economic conditions, supply chain issues, and regulatory changes affecting the energy sector[36] - The company is focused on maintaining its competitive position amidst market pressures and potential declines in crude oil demand[37] Credit Rating and Financial Stability - Moody's upgraded Plains All American's credit rating from Baa3 to Baa2 with a stable outlook, reflecting improved financial stability[1]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. 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 ke ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________ FORM 10-Q ________________________________________________________________________________________________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE A ...

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 ...

Plains GP Holdings, L.P. Class A Shares (NASDAQ:PAGP) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Blake Fernandez - Vice President, Investment Relations Willie Chiang - Chairman and CEO Al Swanson - Executive Vice President and CFO Jeremy Goebel - Chief Commercial Officer Chris Chandler - Chief Operating Officer Conference Call Participants Tristan Richardson - Scotiabank Michael Blum - Wells Fargo Jeremy Tonet - JPMorgan Securities Manav Gupta - UBS Keith Stanley - Wolf ...

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 ...