Plains All American Pipeline
PAA
Market cap $12.3B

17.47 USD

+0.29

1.69%

At close Nov 18, 4:00 PM EST

After hours

17.25

-0.22

1.26%

1 day

1.69%

5 days

1.45%

1 month

1.16%

3 months

-1.63%

6 months

-0.06%

Year to date

14.18%

1 year

12.49%

5 years

0.06%

10 years

-67.40%

About: Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Employees: 4,200

Energy Pipe Lines, Except Natural Gas

0

Funds holding %

of 6,735 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

60% more repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 77

30% more call options, than puts

Call options by funds: $106M | Put options by funds: $81.6M

21% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 28

2% more funds holding

Funds holding: 352 [Q2] → 358 (+6) [Q3]

1.6% less ownership

Funds ownership: 43.24% [Q2] → 41.64% (-1.6%) [Q3]

6% less capital invested

Capital invested by funds: $5.42B [Q2] → $5.07B (-$346M) [Q3]

36% less funds holding in top 10

Funds holding in top 10: 14 [Q2] → 9 (-5) [Q3]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$19

9%

upside

Avg. target

$19

9%

upside

High target

$19

9%

upside

3 analyst ratings

0 positive

0%

3 neutral

100%

0 negative

0%

RBC Capital Elvira Scotto 86% 1-year accuracy 24 / 28 met price target	9%upside $19	Sector Perform Reiterated	15 Nov 2024
Morgan Stanley Robert Kad 82% 1-year accuracy 9 / 11 met price target	9%upside $19	Equal-Weight Downgraded	25 Oct 2024
RBC Capital Elvira Scotto 86% 1-year accuracy 24 / 28 met price target	9%upside $19	Sector Perform Reiterated	4 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about PAA published over the past 30 days

Plains All American Pipeline Aims For Fee-Based Growth

Plains All American Pipeline, L.P. reported mixed Q3 '24 results with a revenue miss but an earnings beat, and guided to the top end of their adjusted EBITDA range for eFY24. Strength in Permian assets and enhanced oil recovery techniques are expected to drive capital efficiency and operational resilience, supporting a lower capital outlay. Plains All American's disciplined bolt-on acquisitions and the Fort Saskatchewan fractionation project are poised to enhance fee-based cash flow and overall financial stability.

Plains All American Pipeline Aims For Fee-Based Growth

Plains All American agrees to pay about $73 mln to settle California oil spill lawsuit

Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa Barbara, a filing showed on Tuesday.

Plains All American agrees to pay about $73 mln to settle California oil spill lawsuit

Plains All American Pipeline: Results Were Okay, Company Should Be A Nice Income Source

Plains All American Pipeline's Q3 2024 results were mixed, missing revenue expectations but beating non-GAAP earnings, leading to a 3.91% decline in unit price. Despite the revenue miss, gross profit remained stable, with a 3.03% decline from Q2 2024 but a significant increase from Q3 2023. The company is seeing growth from its subsidiaries but weakness in other business segments.

Plains All American Pipeline: Results Were Okay, Company Should Be A Nice Income Source

Plains All American Pipeline: Risky Fixed Income Play

Plains All American Pipeline maintains a stable market share and competitive advantage in crude oil transportation, but faces revenue volatility due to fluctuating oil prices. The company's profitability is low, with average gross and net margins of 7.5% and 1.59%, primarily due to its focus on crude oil transportation. Despite high debt levels, Plains All American Pipeline shows slightly stronger FCF margins than competitors, attributed to lower capex spending.

Plains All American Pipeline: Risky Fixed Income Play

Plains All American Pipeline, L.P. Common Units (PAA) Q3 2024 Earnings Call Transcript

Plains All American Pipeline, L.P. Common Units (NASDAQ:PAA ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Blake Fernandez - Vice President, Investor Relations Willie Chiang - Chairman and Chief Executive Officer Al Swanson - Executive Vice President and Chief Financial Officer Jeremy Goebel - Executive Vice President and Chief Commercial Officer Chris Chandler - Executive Vice President and Chief Operating Officer Conference Call Participants Michael Blum - Wells Fargo Spiro Dounis - Citi Jeremy Tonet - JPMorgan Securities Neel Mitra - Bank of America AJ O'Donnell - TPH Manav Gupta - UBS John Mackay - Goldman Sachs Neal Dingmann - Truist Securities Operator Hello, and welcome to PAA and PAGP Third Quarter 2024 Earnings Call.

Plains All American Pipeline, L.P. Common Units (PAA) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Plains All American Q3 Earnings Top Estimates, Sales Rise Y/Y

PAA's third-quarter earnings and revenues beat estimates. The company's 2024 adjusted EBITDA outlook remains unchanged.

Plains All American Q3 Earnings Top Estimates, Sales Rise Y/Y

Plains All American Reports Third-Quarter 2024 Results

HOUSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported third-quarter 2024 results.

Plains All American Reports Third-Quarter 2024 Results

My 2 Top Conviction Bargains, Up To 7% Yield

Stock market irrationality creates opportunities for value investors. In this article, I present 2 quality bargain stocks trading well below their 52-week highs. Alexandria Real Estate offers a 4.5% yield, strong tenant demand, and strategic life sciences properties, supported by robust financials and growth potential. Plains All American provides a 7.4% distribution yield, diversified pipeline network, and solid financials with potential for market-beating returns.

My 2 Top Conviction Bargains, Up To 7% Yield

Financials For Plains All American Pipeline Remain Strong

Plains All American Pipeline reported positive results, including a $75 million EBITDA increase and favorable spreads on unhedged C3+ products. Growth is expected from Bolt-On acquisitions and crude volume increases, though significant growth in crude production is uncertain. Management plans to refinance $1.7 billion in debt by 2026.

Financials For Plains All American Pipeline Remain Strong

Invest $100,000 For Durable Income Without Losing Sleep At Night

Achieving the first $100,000 is crucial for portfolio diversification and accessing material reinvestment opportunities. If the objective is to build a massive snowball from durable income investments, there are only a few asset classes that tick the necessary boxes. In this article, I explain how I would allocate $100,000 among MLPs, BDCs, equity REITs, and SCHD.

Invest $100,000 For Durable Income Without Losing Sleep At Night

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