Plains GP Holdings, L.P. owns and operates midstream energy infrastructure in the United States and Canada. It operates through three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment engages in the transportation of crude oil and natural gas liquids (NGLs) on pipelines, gathering systems, and trucks. As of December 31, 2020, this segment owned and leased assets comprising 18,370 miles of crude oil and NGL pipelines and gathering systems; 35 million barrels of above-ground tank capacity; and 815 trailers. The Facilities segment engages in the provision of storage, terminalling, and throughput services primarily for crude oil, NGLs, and natural gas; NGL fractionation and isomerization services; and natural gas and condensate processing services. As of December 31, 2020, this segment owned and operated approximately 75 million barrels of crude oil storage capacity; 28 million barrels of NGL storage capacity; 68 billion cubic feet (Bcf) of natural gas storage capacity; 26 Bcf of base gas; 5 natural gas processing plants; a condensate processing facility; 8 fractionation plants; 22 crude oil and NGL rail terminals; 5 marine facilities; and 330 miles of pipelines. The Supply and Logistics segment engages in the purchase, logistics, and resale of crude oil and NGL. As of December 31, 2020, this segment owned 16 million barrels of crude oil and NGL linefill; 4 million barrels of crude oil and NGL linefill in pipelines owned by third parties and other inventory; 680 trucks and 840 trailers; and 6,000 crude oil and NGL railcars. The company offers logistics services to producers, refiners, and other customers. PAA GP Holdings LLC operates as a general partner of the company. Plains GP Holdings, L.P. was founded in 2013 and is headquartered in Houston, Texas.
IPO Year: 2013
Exchange: NYSE
Website: plainsallamerican.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $22.00 → $19.00 | Overweight → Equal-Weight | Morgan Stanley |
| 4/8/2024 | $23.00 | Sector Outperform | Scotiabank |
| 10/6/2023 | $13.50 | Sell | Goldman |
| 9/25/2023 | $15.00 | Equal Weight → Underweight | Barclays |
| 9/6/2023 | $14.00 → $15.50 | Buy → Neutral | Citigroup |
| 4/21/2023 | $16.00 → $17.00 | Outperform → Strong Buy | Raymond James |
| 12/9/2022 | $14.00 | Buy | Citigroup |
| 11/21/2022 | $15.00 → $14.00 | Overweight → Neutral | JP Morgan |
| 8/15/2022 | $16.00 | Hold → Buy | Stifel |
| 8/1/2022 | $13.00 | Neutral → Buy | Seaport Research Partners |
4 - PLAINS GP HOLDINGS LP (0001581990) (Reporting)
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
4 - PLAINS GP HOLDINGS LP (0001581990) (Reporting)
HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the third quarter of 2024 and also announced timing of third quarter 2024 earnings. Third Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in August 2024.PAGP Class A Shares – $0.3175 per Class A Share ($1.27 per Class A Share on an annualized basis), which is unchanged from the distribution paid in August 2024.PAA Series
HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced that the company's 2023 Sustainability Report Update is now available and can be accessed on the company's website at plains.com/sustainability. The update is also accessible directly at this link. About Plains PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other in
HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported strong second-quarter 2024 results and raised full-year 2024 Adjusted EBITDA guidance. Second-Quarter Results Reported net income attributable to PAA of $250 million and net cash provided by operating activities of $653 millionDelivered Adjusted EBITDA attributable to PAA of $674 millionGenerated Adjusted Free Cash Flow of $421 million (excluding changes in Assets & Liabilities; including bolt-on acquisition capital)Successfully priced public offering of $650 million of unsecured senior notes at 5.7% due 2034 2024 Guidance Update Raising the mid
HOUSTON, July 03, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the second quarter of 2024 and also announced timing of second quarter 2024 earnings. Second Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in May 2024.PAGP Class A Shares – $0.3175 per Class A Share ($1.27 per Class A Share on an annualized basis), which is unchanged from the distribution paid in May 2024.PAA Series A
Provides Update on Permian Long-Haul Contracting & Announces Bolt-on Acquisitions HOUSTON, May 03, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported first-quarter 2024 results and reaffirmed full-year 2024 Adjusted EBITDA guidance. Plains also provided updates on Permian long-haul contracting and announced two bolt-on acquisitions. First-Quarter Results Reported Net income attributable to PAA of $266 million and Net cash provided by operating activities of $419 millionDelivered Adjusted EBITDA attributable to PAA of $718 million; on-track to meet full-year guidance of $2.625 - $2.725 billionGenerated Adjusted Fre
HOUSTON, April 04, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the first quarter of 2024 and also announced timing of first quarter 2024 earnings. First Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on May 15, 2024 to holders of the respective securities at the close of business on May 1, 2024: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in February 2024.PAGP Class A Shares – $0.3175 per Class
HOUSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2023 and also announced timing of fourth quarter 2023 earnings. Fourth Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on February 14, 2024 to holders of the respective securities at the close of business on January 31, 2024: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which represents a $0.05 increase from the distribution paid in November 2023 ($0.20
HOUSTON, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported third-quarter 2023 results and provided updated 2023 guidance as highlighted below. Plains also provided additional information regarding its multi-year capital allocation framework and announced two bolt-on acquisitions in the Permian Basin. Third-Quarter Results Reported Net income attributable to PAA of $203 million and Net cash provided by operating activities of $85 million.Delivered strong results with Adjusted EBITDA attributable to PAA of $662 million. 2023 Guidance Update Raising guidance for full-year 2023 Adjusted EBITDA attr
HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the third quarter of 2023. PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on November 14, 2023 to holders of the respective securities at the close of business on October 31, 2023: PAA Common Units – $0.2675 per Common Unit ($1.07 per unit on an annualized basis), which is unchanged from the distribution paid in August 2023.PAGP Class A Shares – $0.2675 per Class A Share ($1.07 per Class A Share on an annualized basis), which is unchanged from the dist
HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release third-quarter 2023 earnings before market open on Friday, November 3, 2023 and will hold a joint webcast on the same day as follows: What: Third-quarter 2023 earnings webcast When: Friday, November 3, 2023 10:00 a.m. ET; 9:00 a.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/m7siujui How: Live over the internet – log on at either of the addresses above The slide presentation accompanying the conference call materials will be posted prior to the call at www.plains.com under the "Investor Relations" sections of the
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HOUSTON, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced the appointment of Blake Fernandez as Vice President, Investor Relations. Roy Lamoreaux, who served previously as Vice President, Investor Relations, Communications and Government Relations has assumed the role of Vice President, Communications, Sustainability and Public Affairs. Fernandez and Lamoreaux report to Chris Herbold, Sr. VP Finance and Chief Accounting Officer, who in addition to overseeing these functions and all Accounting activities, also has responsibility for Equity Capital Markets, Tax and Commodity Risk Management. "Blake brings
HOUSTON, April 04, 2022 (GLOBE NEWSWIRE) -- Plains All American -- In association with the company's succession planning efforts, Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced the promotion of Neil Lyons to Senior Vice President, Commercial for its Canadian operations and the appointment of Will Abney as Vice President Mergers, Acquisitions and Strategic Planning. "We are pleased for Neil to assume increasing commercial responsibilities at Plains and for Will to join the organization," stated Willie Chiang, Chairman and CEO of Plains All American. "Neil is an integral member of our Canadian leadership team. The experience, expertise a
FREYR Battery (NYSE:FREY) ("FREYR"), a developer of clean, next-generation battery cell production capacity, today announced the appointment of Oscar Brown to the position of Group Chief Financial Officer ("CFO") at FREYR Battery. As CFO, Brown will report to FREYR's Chief Executive Officer, Tom Einar Jensen, and will be responsible for financial planning, performance, reporting, and capital markets engagement across the organization. He will assume his new position at FREYR effective immediately. "We are delighted to welcome Oscar to the FREYR executive leadership team. As we prepare to execute our strategic plan to establish clean battery production at giga scale in Norway, the U.S. and
HOUSTON, March 01, 2021 (GLOBE NEWSWIRE) -- In connection with the company’s long-term succession plans, Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced that effective today, its Board of Directors has approved the appointment of Jeremy Goebel to an expanded role of Executive Vice President and Chief Commercial Officer. “We are pleased to announce Jeremy’s expanded role as EVP & Chief Commercial Officer,” stated Willie Chiang, Chairman and CEO of Plains. “Jeremy has played a critical leadership role in strategic planning, fundamental and commercial analysis, acquisitions and divestitures, and developing long-term strategic customer relati
Ratings for Plains GP Holdings (NASDAQ:PAGP) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 1 1 1 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 1 1 1 1 3M Ago 0 1 0 0 0 Analysts have recently evaluated Plains GP Holdings and provided 12-month price targets. The average target is $20.0, accompanied by a high estimate of $23.00 and a low estimate of $16.00. Marking an incre
Morgan Stanley analyst Robert Kad maintains Plains GP Holdings (NASDAQ:PAGP) with a Overweight and raises the price target from $19 to $20.
Plains GP Holdings (NASDAQ:PAGP) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 2 1 1 Last 30D 0 1 0 0 0 1M Ago 2 1 1 1 1 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Plains GP Holdings, presenting an average target of $19.69, a high estimate of $23.00, and a low estimate of $16.00. Markin
Wells Fargo analyst Michael Blum maintains Plains GP Holdings (NASDAQ:PAGP) with a Overweight and raises the price target from $19 to $20.
Citigroup analyst Spiro Dounis maintains Plains GP Holdings (NASDAQ:PAGP) with a Neutral and raises the price target from $17.5 to $18.
Plains GP Holdings (NASDAQ:PAGP) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.34 by 38.24 percent. This is a 40 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $11.995 billion which missed the analyst consensus estimate of $12.791 billion by 6.23 percent. This is a 2.80 percent decrease over sales of $12.341 billion the same period last year.
Stifel analyst Selman Akyol maintains Plains GP Holdings (NASDAQ:PAGP) with a Buy and raises the price target from $18 to $22.
UBS analyst Shneur Gershuni maintains Plains GP Holdings (NASDAQ:PAGP) with a Buy and raises the price target from $22 to $23.
In the preceding three months, 4 analysts have released ratings for Plains GP Holdings (NASDAQ:PAGP), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 1 1 1 Last 30D 0 0 0 1 1 1M Ago 0 1 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $18.62, a high estimate of $23.00, and a low estimate of $16.00. This upward tr
Barclays analyst Theresa Chen maintains Plains GP Holdings (NASDAQ:PAGP) with a Underweight and raises the price target from $16 to $18.
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
Morgan Stanley downgraded Plains GP from Overweight to Equal-Weight and set a new price target of $19.00 from $22.00 previously
Scotiabank resumed coverage of Plains GP with a rating of Sector Outperform and set a new price target of $23.00
Goldman resumed coverage of Plains GP with a rating of Sell and set a new price target of $13.50
Barclays downgraded Plains GP from Equal Weight to Underweight and set a new price target of $15.00
Citigroup downgraded Plains GP from Buy to Neutral and set a new price target of $15.50 from $14.00 previously
Raymond James upgraded Plains GP from Outperform to Strong Buy and set a new price target of $17.00 from $16.00 previously
Citigroup initiated coverage of Plains GP with a rating of Buy and set a new price target of $14.00
JP Morgan downgraded Plains GP from Overweight to Neutral and set a new price target of $14.00 from $15.00 previously
Stifel upgraded Plains GP from Hold to Buy and set a new price target of $16.00
Seaport Research Partners upgraded Plains GP from Neutral to Buy and set a new price target of $13.00
HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the third quarter of 2024 and also announced timing of third quarter 2024 earnings. Third Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in August 2024.PAGP Class A Shares – $0.3175 per Class A Share ($1.27 per Class A Share on an annualized basis), which is unchanged from the distribution paid in August 2024.PAA Series
HOUSTON, July 03, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the second quarter of 2024 and also announced timing of second quarter 2024 earnings. Second Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in May 2024.PAGP Class A Shares – $0.3175 per Class A Share ($1.27 per Class A Share on an annualized basis), which is unchanged from the distribution paid in May 2024.PAA Series A
Provides Update on Permian Long-Haul Contracting & Announces Bolt-on Acquisitions HOUSTON, May 03, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported first-quarter 2024 results and reaffirmed full-year 2024 Adjusted EBITDA guidance. Plains also provided updates on Permian long-haul contracting and announced two bolt-on acquisitions. First-Quarter Results Reported Net income attributable to PAA of $266 million and Net cash provided by operating activities of $419 millionDelivered Adjusted EBITDA attributable to PAA of $718 million; on-track to meet full-year guidance of $2.625 - $2.725 billionGenerated Adjusted Fre
HOUSTON, April 04, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the first quarter of 2024 and also announced timing of first quarter 2024 earnings. First Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on May 15, 2024 to holders of the respective securities at the close of business on May 1, 2024: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in February 2024.PAGP Class A Shares – $0.3175 per Class
HOUSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2023 and also announced timing of fourth quarter 2023 earnings. Fourth Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on February 14, 2024 to holders of the respective securities at the close of business on January 31, 2024: PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which represents a $0.05 increase from the distribution paid in November 2023 ($0.20
HOUSTON, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported third-quarter 2023 results and provided updated 2023 guidance as highlighted below. Plains also provided additional information regarding its multi-year capital allocation framework and announced two bolt-on acquisitions in the Permian Basin. Third-Quarter Results Reported Net income attributable to PAA of $203 million and Net cash provided by operating activities of $85 million.Delivered strong results with Adjusted EBITDA attributable to PAA of $662 million. 2023 Guidance Update Raising guidance for full-year 2023 Adjusted EBITDA attr
HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release third-quarter 2023 earnings before market open on Friday, November 3, 2023 and will hold a joint webcast on the same day as follows: What: Third-quarter 2023 earnings webcast When: Friday, November 3, 2023 10:00 a.m. ET; 9:00 a.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/m7siujui How: Live over the internet – log on at either of the addresses above The slide presentation accompanying the conference call materials will be posted prior to the call at www.plains.com under the "Investor Relations" sections of the
HOUSTON, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported second-quarter 2023 results and provided updated 2023 guidance as highlighted below. Plains also announced a bolt-on acquisition in the Permian and provided updates regarding its NGL segment. Second-Quarter Results Reported Net income attributable to PAA of $293 million & Net cash provided by operating activities of $888 million.Delivered strong results with Adjusted EBITDA attributable to PAA of $597 million. Permian Bolt-on Acquisition A subsidiary of Plains Oryx Permian Basin LLC acquired Diamondback Energy's 43% interest in OMOG JV LLC for
HOUSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced they will release second-quarter 2023 earnings before market open on Friday, August 4, 2023 and will hold a joint webcast on the same day as follows: What: Second-quarter 2023 earnings webcast When: Friday, August 4, 2023 10:00 a.m. ET; 9:00 a.m. CT Where: www.plains.com or https://edge.media-server.com/mmc/p/w4wbvvbs How: Live over the internet – log on at either of the addresses above The slide presentation accompanying the conference call materials will be posted prior to the call at www.plains.com under the "Investor Relations" section
HOUSTON, May 05, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported first-quarter 2023 results and reaffirmed 2023 guidance as highlighted below: First-Quarter Results Reported Net income attributable to PAA of $422 million and Net cash provided by operating activities of $743 millionDelivered strong Adjusted EBITDA attributable to PAA of $715 million Generated Free Cash Flow of $823 million, including approximately $284 million of asset sales Reduced total debt by approximately $450 millionIncreased annualized common distribution by $0.20 to $1.07 per unit (~23% increase, paid in February) Reaffirmed 2023 Guidan