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Plains GP Holdings' Reinvigorated 1099 Distribution Is Backed By Ample Cash Flow
PAGPPlains GP (PAGP) Seeking Alpha·2024-04-30 07:54

Energy Extraction On America's Plains Ramon Cliff/iStock Editorial via Getty Images It is not too late to initiate a position in Plains GP Holdings, L.P. Class A (NASDAQ:PAGP), despite doubling the return of the S&P 500 over the past year. This large, high-quality MLP has produced a trailing 12-month total return over 40% compared to the S&P 500's 22% as of the end of April. Future performance may not be as vigorous but, ample cash flow and management's commitment to future distribution growth, suggest PAGP ...