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. operates as a publicly traded master limited partnership focused on midstream energy infrastructure and logistics for crude oil and natural gas liquids. Its network includes pipeline gathering and transportation systems, terminals, storage, processing, fractionation and related assets serving producing basins, transportation corridors, market hubs and export outlets in the United States and Canada.
Recurring PAA news covers operating and financial results, quarterly cash distributions on common and preferred units, capital-structure updates, material agreements and portfolio actions. Company updates also include developments tied to crude oil systems such as EPIC/Cactus III, NGL infrastructure, credit and debt financing activity, and coordination with Plains GP Holdings on distribution and earnings announcements.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.