eastunder
4 년 전
BRIEF-Plains All American Pipeline And Plains Gp Holdings Report Third-Quarter 2020 Results
4:24 PM ET, 11/02/2020 - Reuters
Nov 2 (Reuters) - Plains All American Pipeline LP:
* PLAINS ALL AMERICAN PIPELINE AND PLAINS GP HOLDINGS REPORT THIRD-QUARTER 2020 RESULTS
* PLAINS ALL AMERICAN PIPELINE LP QTRLY PLAINS ALL AMERICAN PIPELINE NET INCOME PER COMMON UNIT $0.13
* PLAINS ALL AMERICAN PIPELINE LP - QTRLY PLAINS ALL AMERICAN PIPELINE ADJUSTED NET INCOME PER COMMON UNIT $0.46
* PLAINS ALL AMERICAN PIPELINE LP - SEES 2020 PLAINS ALL AMERICAN PIPELINE AVERAGE DAILY VOLUMES FOR TRANSPORTATION OF ABOUT 6,380
* PLAINS ALL AMERICAN PIPELINE LP QTRLY PLAINS ALL AMERICAN PIPELINE, L.P. AND SUBSIDIARIES REVENUE $5,833 MILLION VERSUS $7,886 MILLION
* PLAINS ALL AMERICAN PIPELINE LP SAYS INCREASED FULL-YEAR 2020 ADJUSTED EBITDA GUIDANCE TO +/- $2.585 BILLION
* PLAINS ALL AMERICAN PIPELINE LP - PROVIDED PRELIMINARY ESTIMATE FOR 2021 ADJUSTED EBITDA OF +/- $2.2 BILLION Source text for Eikon: Further company coverage:
eastunder
4 년 전
Plains All American Pipeline and Plains GP Holdings Q3 Results Beat Projections, Launches $500 Million Buyback Program
6:14 AM ET, 11/03/2020 - MT Newswires
06:14 AM EST, 11/03/2020 (MT Newswires) -- Plains All American Pipeline, L.P (PAA) and Plains GP Holdings (PAGP) said Monday that it booked Q3 adjusted EPS of $0.46 compared with $0.52 in the previous year period.
Analysts surveyed by Capital IQ were expecting adjusted EPS of $0.32.
Revenue amounted to $5.83 billion, which is down from $7.89 billion a year ago. Wall Street was looking for revenue of $5.64 billion.
Both companies expect a 3% increase to the 2020 adjusted EBITDA guidance to $2.59 billion. For the 2021 year, adjusted EBITDA of $2.2 billion is expected as well as free cash flow after distributions of approximately $300 million, or $900 million or more when including the benefit of proceeds from additional asset sales anticipated next year.
The company also announced that the board has approved a $500 million common equity repurchase program.
Price: 6.50, Change: +0.25, Percent Change: +4.00
eastunder
4 년 전
--Analyst Actions: TD Securities Adjusts Plains All American Pipeline's Price Target to $13 From $17, Keeps at Buy
9:56 AM ET, 11/03/2020 - MT Newswires
09:56 AM EST, 11/03/2020 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 6.76, Change: +0.26, Percent Change: +4.00
stargazer123
5 년 전
When the stock's price was at the high's insiders started selling
5/28/2019
Emg Investment, Llc Insider Sell 8,179,284 $23.10 $188,941,460.40
8/14/2019
Chris Herbold VP Sell 23,337 $21.38 $498,945.06
As the price cratered, but then started slowing down, insiders started buying, and none were selling anymore
2/26/2020
Harry N Pefanis Insider Buy 30,000 $14.16 $424,800.00
3/12/2020
Harry N Pefanis Insider Buy 20,000 $6.96 $139,200.00
3/13/2020
Jeremy L Goebel EVP Buy 3,000 $6.66 $19,980.00
3/16/2020
Willie Cw Chiang CEO Buy 45,400 $5.45 $247,430.00
Doesn't seem like they are expecting a dividend cut
On the NY Mercantile today, the price of the oil contract went up over $4
Crude Oil May 20 cotract
NY Mercantile - Currency in USD
$24.93 + $4.62 (+22.75%)
11 March:
Bank of America downgraded Plains All American Pipeline (NYSE:PAA) from a "buy" to a "neutral" because of falling oil prices and lowered their price target from $23 to $10, but did not indicate a possible dividend cut.
16 Mar:
Plains All American Pipeline (NYSE:PAA) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Monday, The Fly reports. They currently have a $5.00 target price on the pipeline company’s stock.
Plains All American Pipeline, L.P. (PAA) closed up today
NYSE - Currency in USD
$5.20 + $0.10 + (1.96%)
And has been climbing in after hours trading
$5.29 + $0.09 + (1.73%)
After hours: 4:32PM EDT
whytestocks
5 년 전
News: $PAA These 3 Value Stocks Are Absurdly Cheap Right Now
During the shopping season, everyone's on the hunt for a bargain. Value investors should keep an eye out, too, for companies that are trading at serious discounts. But just like in shopping, it pays to be wary of what's on the clearance rack: it could be damaged, outdated, or just...not worth bu...
Got this from PAA - These 3 Value Stocks Are Absurdly Cheap Right Now
eFinanceMarkets
7 년 전
$PAA U.S. WTI crude oil surpasses $65/bbl for the first time since December 2014 before pulling back slightly, after data showed the 10th straight weekly drop in U.S. crude stockpiles.
WTI reached a high of $65.42/bbl, with its discount to Brent narrowing to $5/bbl vs. ~$6.50 at the beginning of the year; Brent also hits a new three-year high, climbing to $70.43/bbl.
The 1.07M-barrel U.S. drawdown was led by a 3.15M-barrel drop at the Cushing, Okla., storage hub, with traders citing a ramp-up in volumes on Plains All American's (PAA +0.4%) 200K bbl/day Diamond pipeline from Cushing to Memphis, Tenn.
Cushing stocks have fallen by more than 12M barrels over the past four weeks to 39.24M barrels and are now 40% lower than a year ago.
Timothy Smith
9 년 전
Plains All American Pipeline (NYSE:PAA) -1.5% AH, following a 13.2% plunge in today's regular session, as it fell short of expectations for both Q4 earnings and revenues.
PAA reports Q4 adjusted EBITDA of $563M, down 5% Y/Y, while FY 2015 adjusted EBITDA was $2.17B; in November, the company had forecast a range with a midpoint of $595M in Q4 EBITDA and $2.2B in full-year EBITDA.
Timothy Smith
9 년 전
Plains All American Pipeline (PAA +0.2%), responsible for an oil spill that blackened California beaches, kept shoddy records on emergency training and how it would protect pristine coastline in the event of a break, federal regulators said Friday.
Among its findings, the Pipeline and Hazardous Materials Safety Administration said PAA failed to properly document pressure tests on tanks and failed to keep adequate records on how it would prevent spills in sensitive environmental areas, or respond if one did occur.
The cause of the California pipeline break is still under investigation, and prosecutors are considering possible charges.
iheartweimers
9 년 전
Yes, I know. Funny thing about that is that the pps remained
unchanged. I sold out when the news of the spill hit the TV
news and watched the pps climb $2 a share and stay there
for a couple days while the PR's were pumped out daily by
the PAA investor relations office. Various analysts pointed
out that the shut down pipeline contributed only a tiny
fraction of the PAA bottom line, and even considering the
cleanup cost and a hefty fine from CA (disregarding completely
any responsibility the state had to permit and inspect, by the
way) that could be expected, the company was in good shape.
So I doubled the position I originally held, as I loved the
dividend. I admit I bought back too soon, as now I am down
a few bucks. If it goes down more, I will add more. Word is
that this spill really didn't do much damage. Nasty secret
in CA is that oil bubbles to the surface sometimes when the
constantly moving earth plates grind and open up seams
in the ocean floor. The Hollywood faux environmentalists
can't seem to stop it no matter how many carbons they put
in the air from their private jets as they travel to protest.
Go PAA.
Timothy Smith
10 년 전
Oil from a ruptured pipeline near Santa Barbara, Calif., leaked into the Pacific Ocean earlier today, spreading into a four-mile-long slick and fouling an area beach.
The cause and exact amount of the spill are unknown, but it could reach more than 500 barrels (~21K gallons), according to the Governor’s Office of Emergency Services.
The pipeline, owned by Plains All American Pipeline (NYSE:PAA), has been shut off.
catdaddyrt
10 년 전
Plains All American Pipeline, L.P. and Plains GP Holdings Increase Distributions
Print
Alert
Plains All American Pipeline (NYSE:PAA)
Intraday Stock Chart
Today : Thursday 8 January 2015
Click Here for more Plains All American Pipeline Charts.
Plains All American Pipeline, L.P. (NYSE:PAA) and Plains GP Holdings (NYSE:PAGP) today announced their quarterly cash distributions with respect to the fourth quarter of 2014. The distributions will be payable on February 13, 2015 to holders of record of each security at the close of business on January 30, 2015.
PAA increased its quarterly cash distribution to $0.675 per limited partner unit ($2.70 per unit on an annualized basis), which represents an increase of 9.8% over the quarterly distribution of $0.615 per unit ($2.46 per unit on an annualized basis) paid in February 2014 and an increase of 2.3% over the quarterly distribution of $0.66 per unit ($2.64 per unit on an annualized basis) paid in November 2014. Once the February distribution is paid, PAA will have increased its quarterly distribution to limited partners in 41 out of the past 43 quarters and consecutively in each of the past 22 quarters.
PAGP increased its quarterly cash distribution to $0.203 per Class A share ($0.812 per Class A share on an annualized basis) on all of its outstanding Class A shares. This distribution represents an increase of 27% over the non-prorated quarterly distribution of $0.15979 per Class A share ($0.63914 per Class A share on an annualized basis) for February 2014 and an increase of 6.4% over the quarterly distribution of $0.19075 per Class A share ($0.763 per Class A share on an annualized basis) paid in November 2014.
Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides 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 3.9 million barrels per day of crude oil and NGL on its pipelines. PAA is headquartered in Houston, Texas.
Plains GP Holdings is a publicly traded entity that owns an interest in the general partner and incentive distribution rights of Plains All American Pipeline, L.P., one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas.
Timothy Smith
12 년 전
Plains All American (PAA) is engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and NGL.
The company operates 18,000 miles of pipelines and gathering systems transporting active crude oil, NGL and refined products, has 20 million barrels of storage capacity, 70 trucks and 424 trailers, 83 transport and storage barges and 46 transport tugs through its interest in Settoon Towing.
The company currently has 93 billion cubic feet of natural gas storage capacity, fractionation facility (260,000 bbl/day), natural gas processing (8 Bcf), and 4,200 railcars.
The company has made acquisitions of US$9.3 billion worth since 2001-2012 with the primary focus to establish/expand footprint in existing or new core areas.
The company also has plans to invest US$4.1 billion in areas of recent and anticipated crude oil production growth including Canada and United States (Bakken, Rockies, Southern Texas/Eagle Ford, and Permian Basin).
The company intends to further enhance its flexibility by continuing to expand its rail assets and related staff to accommodate the growth.
eastunder
12 년 전
Plains All American Pipeline Increases Limited Partner Distribution; Raises 2013 Distribution Growth Target and Comments on 2013 Financial Guidance
HOUSTON--(BUSINESS WIRE)--
Plains All American Pipeline, L.P. (NYSE: PAA) today announced a quarterly cash distribution of $0.5625 per unit ($2.25 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on February 14, 2013, to holders of record of such units at the close of business on February 1, 2013. As of this distribution, PAA will have increased its quarterly distribution to limited partners in 33 out of the past 35 quarters and consecutively in each of the past 14 quarters.
“We are pleased to announce a distribution increase of 9.8% over the distribution paid in February 2012 and 3.7% over the distribution paid in November 2012,” said Greg L. Armstrong, Chairman and CEO. “As a result of continued strong financial results, extended visibility for organic growth, recent acquisitions and very solid distribution coverage we are increasing the range of our targeted distribution growth for 2013 to 9% to 10%. This compares to the preliminary 2013 target range of 7% to 8% discussed during our third quarter earnings conference call in November 2012.”
Concurrent with its fourth-quarter and full-year 2012 earnings announcement in early February, the Partnership expects to increase the midpoint of its 2013 guidance for adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”) by approximately 5% over the $1.925 billion preliminary adjusted EBITDA midpoint guidance provided in early November 2012. Based on the midpoint measures of targeted distribution growth and adjusted EBITDA guidance, management expects distribution coverage for 2013 to be approximately 120%.
eastunder
12 년 전
12/13 regarding Crude Rail Terminals
Plains All American Pipeline Completes Acquisition of Crude Rail Terminals from U.S. Development Group
Dividend Yield: 7.3% HOUSTON--(BUSINESS WIRE)-- Plains All American Pipeline, L.P. (NYSE:PAA) today announced that it has closed the previously announced $500 million acquisition of four operating crude rail terminals, one terminal under development and various contractual arrangements from U.S. Development Group.
PAA has posted a presentation that contains additional information regarding the company’s network of crude oil and NGL rail assets on the Partnership Presentations tab of the Investor Relations section of its website: http://ir.paalp.com/Presentations.
Plains All American Pipeline, L.P. is a publicly traded master limited partnership engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. Through its general partner interest and majority equity ownership position in PAA Natural Gas Storage, L.P. (NYSE: PNG), PAA owns and operates natural gas storage facilities. PAA is headquartered in Houston, Texas.
Plains All American Pipeline, L.P.Investors:Roy I. Lamoreaux, 713/646-4222 – 800/564-3036Director, Investor RelationsorMedia:Brad Leone, 713/646-4196Manager, Communications
Source: Plains All American Pipeline, L.P.
eastunder
12 년 전
12/13 More: Plains All American buys oil assets for $125M
Plain All American buys Chesapeake crude oil and condensate gathering assets for about $125M
Associated Press – Thu, Dec 13, 2012 11:55 AM EST.. .
http://finance.yahoo.com/news/plains-american-buys-oil-assets-165559335.html
HOUSTON (AP) -- Plains All American Pipeline LP said Thursday that it bought some crude oil and condensate gathering assets located in the Eagle Ford oil and gas formation in South Texas from Chesapeake Energy Corp. for about $125 million.
The Houston-based pipeline operator said the assets include about 40 miles of crude oil and condensate gathering pipelines with a throughput capacity of about 50,000 barrels per day, 150,000 barrels of existing crude oil and condensate storage capacity, 300,000 barrels of storage capacity under construction and a truck unloading terminal.
Plains said they will connect with its existing crude oil and condensate gathering systems.
The company also said Thursday that it closed on its $500 million acquisition of four rail terminals used to store and transfer crude oil.
The terminals were bought from U.S. Development Group, a privately held company that owns crude oil, petrochemical and ethanol terminal and storage centers across the U.S. and Canada. The deal also includes one terminal under development and various contractual arrangements, Plains said.
Plains owns a network of about 18,000 miles of liquids pipelines across the country. By owning the terminals, the company will also have more control over the oil it moves and will avoid storage costs at rented terminals.
In midday trading, Plains shares fell 61 cents to $44.56, while Chesapeake shares fell 21 cents to $16.75.