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Plains All American Pipeline LP - PAA STOCK NEWS

Welcome to our dedicated news page for Plains All American Pipeline LP (Ticker: PAA), a resource for investors and traders seeking the latest updates and insights on Plains All American Pipeline LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Plains All American Pipeline LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Plains All American Pipeline LP's position in the market.

News
Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of First-Quarter 2024 Earnings
Rhea-AI Summary
Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) have announced their quarterly distributions for the first quarter of 2024 and the timing of their first-quarter 2024 earnings. The distributions remain unchanged from the previous quarter, with PAA offering $0.3175 per Common Unit and PAGP providing $0.3175 per Class A Share. Additionally, PAA will release its first-quarter 2024 earnings on May 3, 2024, followed by a conference call with analysts and investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
earnings
-
News
Plains All American Reports Fourth-Quarter and Full-Year 2023 Results; Announces 2024 Guidance
Rhea-AI Summary
Plains All American Pipeline, L.P. and Plains GP Holdings reported strong fourth-quarter and full-year 2023 results, with net income of $1.23 billion for 2023, adjusted EBITDA of $2.71 billion, and operating cash flow of $2.73 billion. The companies increased distributions by 23% in 2023 and plan to further raise common distribution by 19% in 2024. They expect Adjusted EBITDA of $2.625 - $2.725 billion in 2024, emphasizing financial strength and disciplined capital investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
earnings
-
News
Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Fourth-Quarter 2023 Earnings
Rhea-AI Summary
Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced their quarterly distributions and the timing of fourth-quarter 2023 earnings. PAA increased its quarterly cash distribution by $0.05 per Common Unit, representing a 19% annualized increase. PAGP also increased its Class A Share distribution by $0.05, also a 19% annualized increase. PAA's Series A Preferred Units will receive $0.61524 per unit, and Series B Preferred Units will receive $24.92 per unit. PAA and PAGP will release Q4 2023 earnings on February 9, 2024, followed by a conference call with analysts and investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
earnings
News
Plains All American Reports Third-Quarter 2023 Results & Raises 2023 Guidance
Rhea-AI Summary
Plains All American Pipeline and Plains GP Holdings reported Q3 2023 results, raising guidance for full-year 2023 Adjusted EBITDA, and announcing two bolt-on acquisitions in the Permian Basin. Net income attributable to PAA was $203 million, and net cash provided by operating activities was $85 million. Adjusted EBITDA attributable to PAA was $662 million. The company is recommending a 19% increase in the annualized distribution rate for Q4 2023. The long-term leverage ratio target range is being lowered to 3.25x - 3.75x.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
earnings
-
News
Plains All American Pipeline and Plains GP Holdings Announce Timing of Third-Quarter 2023 Earnings
Rhea-AI Summary
Plains All American Pipeline and Plains GP Holdings to release Q3 2023 earnings on November 3, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
earnings
-
News
Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions
Rhea-AI Summary
Plains All American Pipeline and Plains GP Holdings announce quarterly distributions for Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
none
News
Plains All American Reports Second-Quarter 2023 Results and Provides Updated 2023 Guidance
Rhea-AI Summary
Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) reported Q2 2023 results, including net income of $293 million and net cash provided by operating activities of $888 million. The company announced a Permian bolt-on acquisition and NGL segment updates, including a $225 million acquisition and increased contract tenor. 2023 guidance includes expected high-end Adjusted EBITDA of $2.45 - $2.55 billion, with leverage <3.5x and $1.6 billion of free cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
earnings
-
News
Plains Publishes 2022 Sustainability Report
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
-
News
Plains All American’s 2022 Schedule K-3 Now Available
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.86%
Tags
none
News
Plains All American Pipeline and Plains GP Holdings Announce Timing of Second-Quarter 2023 Earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.86%
Tags
earnings
Stock PAA logo
Plains All American Pipeline LP

Nasdaq:PAA

PAA Rankings

#687 Ranked by Market Cap
N/A Ranked by Stock Gains
#392 Ranked by Dividends

PAA Stock Data

12.44B
462.48M
34%
41.9%
1.46%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
Link
United States
Houston

About PAA

plains all american pipeline, l.p. (nyse: paa) is a publicly traded master limited partnership that provides midstream energy infrastructure and logistics services for crude oil, natural gas liquids (“ngl”), natural gas and refined products. paa owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and ngl producing basins and transportation corridors and at major market hubs in the united states and canada. on average, paa handles over 4.5 million barrels per day of crude oil and ngl on its transportation assets. paa is headquartered in houston, texas. visit us at www.plainsallamerican.com for additional opportunities.