Plains GP Holdings LP
PAGP
ISIN US72651A2078 / Valor 34444301
Plains GP Holdings LP
UMushroom community rating:
About company
Plains GP Holdings LP is a publicly traded entity that holds a non-economic controlling general partner interest in Plains All American Pipeline (PAA), one of the largest energy infrastructure and logistics companies in North America. PAA owns and operates midstream energy infrastructure, including pipeline transportation, terminalling, storage, and gathering assets for crude oil, natural gas liquids, and natural gas in key producing basins and transportation corridors in the United States and Canada. With an extensive network of assets, Plains plays a crucial role in the movement of energy supplies in North America, handling over 7 million barrels per day on average. Since its IPO in 1998, Plains has grown to become one of the largest independent midstream energy companies in the region.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (07.08.2024):
Net Income
Plains GP Holdings LP reported a net income attributable to PAA of $250 million for the second quarter of 2024. This represents a decrease of 15% compared to the same period in 2023, where the net income was $293 million.
Adjusted EBITDA
The company delivered an Adjusted EBITDA attributable to PAA of $674 million in the second quarter of 2024. This is a 13% increase from the $597 million reported in the second quarter of 2023.
Free Cash Flow
Plains GP Holdings LP generated an Adjusted Free Cash Flow of $421 million in the second quarter of 2024, excluding changes in assets and liabilities. This is a decrease of 19% compared to the $519 million generated in the same quarter of the previous year.
Dividends
The distribution per common unit declared for the second quarter of 2024 was $0.3175, reflecting a 19% increase from the $0.2675 declared in the second quarter of 2023.
2024 Guidance
Plains GP Holdings LP raised the mid-point of its guidance for full-year 2024 Adjusted EBITDA attributable to PAA by $75 million, setting a new range of $2.725 to $2.775 billion. The company also reiterated its full-year 2024 Adjusted Free Cash Flow guidance of $1.55 billion.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3667 M
Market cap (USD)
191,931
Daily traded volume (Shares)
18.58 / 18.24
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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