Citigroup initiated coverage on Plains GP with a new price target
$PAGP
Natural Gas Distribution
Energy
Citigroup initiated coverage of Plains GP with a rating of Buy and set a new price target of $14.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $22.00 | Peer Perform → Outperform | Wolfe Research |
| 12/18/2024 | $22.00 → $20.00 | Overweight → Equal Weight | Wells Fargo |
| 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 |
HOUSTON, May 09, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported first-quarter 2025 results and provided the following highlights: First-Quarter Results Reported net income attributable to PAA of $443 million and net cash provided by operating activities of $639 millionDelivered Adjusted EBITDA attributable to PAA of $754 millionExited the quarter with 3.3x leverage ratio, toward the low end of our target range of 3.25x - 3.75x (includes previously announced and closed transactions)Paid a quarterly cash distribution of $0.38 per unit ($1.52 per unit annualized), representing a current distribution yield
HOUSTON, April 02, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced today their quarterly distributions with respect to the first quarter of 2025 and also announced timing of first quarter 2025 earnings. First Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on May 15, 2025 to holders of the respective securities at the close of business on May 1, 2025: PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which is unchanged from the distribution paid in February 2025.PAGP Class A Shares – $0.38 per Class A Sh
HOUSTON, March 26, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced today that Harry Pefanis will retire as President of Plains effective June 1, 2025. Willie Chiang, Chairman of the Board and CEO, will assume the role of President effective upon the retirement of Mr. Pefanis. In addition, Plains announced updates to the lead director position and certain committee assignments for its Board of Directors that will also be effective June 1, 2025. In line with Plains' long-term succession plan, Mr. Pefanis will retire as President after 27+ years of service to the company he co-founded. Including his time with Plains prio
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
4 - PLAINS GP HOLDINGS LP (0001581990) (Reporting)
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
SC 13G/A - PLAINS GP HOLDINGS LP (0001581990) (Subject)
SC 13G/A - PLAINS GP HOLDINGS LP (0001581990) (Subject)
SC 13G/A - PLAINS GP HOLDINGS LP (0001581990) (Subject)
SCHEDULE 13G/A - PLAINS GP HOLDINGS LP (0001581990) (Subject)
10-Q - PLAINS GP HOLDINGS LP (0001581990) (Filer)
8-K - PLAINS GP HOLDINGS LP (0001581990) (Filer)
4 - PLAINS GP HOLDINGS LP (0001581990) (Issuer)
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
Wolfe Research upgraded Plains GP from Peer Perform to Outperform and set a new price target of $22.00
Wells Fargo downgraded Plains GP from Overweight to Equal Weight and set a new price target of $20.00 from $22.00 previously
Morgan Stanley downgraded Plains GP from Overweight to Equal-Weight and set a new price target of $19.00 from $22.00 previously
HOUSTON, May 09, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported first-quarter 2025 results and provided the following highlights: First-Quarter Results Reported net income attributable to PAA of $443 million and net cash provided by operating activities of $639 millionDelivered Adjusted EBITDA attributable to PAA of $754 millionExited the quarter with 3.3x leverage ratio, toward the low end of our target range of 3.25x - 3.75x (includes previously announced and closed transactions)Paid a quarterly cash distribution of $0.38 per unit ($1.52 per unit annualized), representing a current distribution yield
HOUSTON, April 02, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) announced today their quarterly distributions with respect to the first quarter of 2025 and also announced timing of first quarter 2025 earnings. First Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on May 15, 2025 to holders of the respective securities at the close of business on May 1, 2025: PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which is unchanged from the distribution paid in February 2025.PAGP Class A Shares – $0.38 per Class A Sh
HOUSTON, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported fourth-quarter and full-year 2024 results, announced 2025 guidance and provided the following highlights: 2024 Results Fourth-quarter and full-year 2024 Net income attributable to PAA of $36 million and $772 million, respectively, and 2024 Net cash provided by operating activities of $726 million and $2.49 billion, respectivelyDelivered strong fourth-quarter and full-year 2024 Adjusted EBITDA attributable to PAA above the top-end of guidance with $729 million and $2.78 billion, respectivelyGenerated full-year 2024 Adjusted Free Cash Flow (excl