Welcome to our dedicated page for Plains All Amer news (Ticker: PAA), a resource for investors and traders seeking the latest updates and insights on Plains All Amer stock.
Plains All American Pipeline, L.P. (NYSE: PAA) delivers essential midstream energy infrastructure services through its North American network of pipelines, storage facilities, and logistics systems. This news hub provides investors and industry professionals with timely updates on PAA's operational developments, financial disclosures, and strategic initiatives.
Key resources include earnings reports detailing transportation volumes, announcements about pipeline capacity expansions, and updates on safety/environmental protocols. Track regulatory filings, partnership agreements with energy producers, and infrastructure investment plans that shape PAA's position in crude oil and natural gas liquids logistics.
Discover press releases covering tariff adjustments, terminal acquisitions, and maintenance schedules for critical assets. Our curated collection serves as your primary source for understanding PAA's role in maintaining energy supply chains while balancing operational efficiency with evolving market demands.
Bookmark this page for direct access to verified updates about storage capacity changes, dividend declarations, and leadership appointments. Check regularly for insights into how PAA navigates commodity price fluctuations and maintains its network across key basins like the Permian and Eagle Ford.
Plains All American Pipeline (PAA) has released its 2023 Sustainability Report Update. The report, published on August 6, 2024, is now available on the company's website at plains.com/sustainability. This update provides insights into PAA's ongoing commitment to sustainable practices and environmental stewardship.
The report likely covers key areas such as environmental performance, social responsibility, and governance initiatives. Investors and stakeholders can access this important document to gain a deeper understanding of PAA's sustainability efforts and progress over the past year. The release of this report demonstrates PAA's dedication to transparency and its focus on long-term sustainability goals in the energy sector.
Plains All American Pipeline reported second-quarter 2024 results, highlighting a net income of $250 million and net cash provided by operating activities of $653 million. Adjusted EBITDA attributable to PAA reached $674 million, and Adjusted Free Cash Flow was $421 million. The company successfully priced a $650 million public offering of unsecured senior notes at 5.7% due 2034.
For full-year 2024, PAA raised the mid-point of its Adjusted EBITDA guidance by $75 million to a new range of $2.725 - $2.775 billion and reiterated its Adjusted Free Cash Flow guidance of $1.55 billion.
Segment Adjusted EBITDA for Crude Oil increased by 9% to $576 million and NGL by 52% to $94 million compared to Q2 2023. However, net income and cash from operating activities were lower compared to last year.
Plains All American Pipeline (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) have announced their quarterly cash distributions for Q2 2024. The distributions are $0.3175 per Common Unit and Class A share, unchanged from the previous quarter, and $0.61524 per Series A Preferred Unit. PAA Series B Preferred Units will see a distribution of $24.77. Payments will be made on August 14-15, 2024, to holders on record as of July 31 and August 1, respectively.
Non-taxable returns of capital apply to PAGP Class A Shares up to the shareholder's tax basis, with excess distributions taxed as capital gains. Qualified Notices as per Treasury Regulation Section 1.1446 will be posted on the Plains website.
PAA and PAGP will release Q2 2024 earnings on August 2, 2024. They will host a conference call at 9:00 a.m. CT on the same day. The call will be webcast live and accessible via their website.
Plains All American Pipeline (Nasdaq: PAA) has released its 2023 Schedule K-3, which contains critical international tax information for unitholders. This schedule is mainly relevant for foreign unitholders, those claiming a foreign tax credit, and specific corporate and partnership unitholders. The document can be accessed online at www.taxpackagesupport.com/plainsallamerican. Unitholders who need an electronic copy can request one via a toll-free number. Plains All American operates extensive midstream energy infrastructure and logistics services for crude oil and NGL across the US and Canada, managing about 8 million barrels per day. For more details, visit www.plains.com.
Plains All American Pipeline (NYSE: PAA) has announced the pricing of a $650 million public offering of 5.700% senior unsecured notes due 2034. The notes were priced at 99.953% of their face value, and the offering is expected to close on June 27, 2024, subject to standard closing conditions.
The company plans to use the net proceeds of approximately $643.3 million to repay a portion of the $750 million outstanding principal of its 3.60% senior notes due 2024, and for general partnership purposes. The joint book-running managers for the offering are Citigroup Global Markets, MUFG Securities Americas, SMBC Nikko Securities America, and Truist Securities.
Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) reported Q1 2024 results, including net income of $266 million and Adjusted EBITDA of $718 million. They increased common distribution by 19% and acquired interests in Saddlehorn Pipeline Company & a Mid-Con terminal asset. Permian long-haul contracting updates extend contracts through 2028, with expected flat Adj. EBITDA in 2026. Overall, positive financial results and strategic acquisitions indicate a strong start to the year.
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