Scotiabank resumed coverage on Plains All American with a new price target
$PAA
Natural Gas Distribution
Energy
Scotiabank resumed coverage of Plains All American with a rating of Sector Outperform and set a new price target of $23.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $23.00 | Sector Outperform | Scotiabank |
| 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 |
| 10/17/2024 | $18.00 | Neutral | BofA Securities |
| 4/8/2024 | $23.00 | Sector Outperform | Scotiabank |
| 10/6/2023 | $13.50 | Sell | Goldman |
| 9/25/2023 | $15.00 | Equal Weight → Underweight | Barclays |
8-K - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Filer)
FWP - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Subject)
8-K - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Filer)
HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) today announced that it and PAA Finance Corp., a wholly owned subsidiary of PAA, as co-issuer, have priced an underwritten public offering (the "Offering") of $1 billion aggregate principal amount of 5.950% senior unsecured notes due 2035 at a price to the public of 99.761% of their face value. The Offering is expected to close on January 15, 2025, subject to the satisfaction of customary closing conditions. PAA intends to use the net proceeds of approximately $988.1 million from the Offering to (i) fund the acquisition of all of the membership interests in Ironwood Midstream Energy Partners II, LLC
Transactions net combined cash proceeds to EFM of over $800 million EnCap Flatrock Midstream ("EFM") today announced the execution of two separate definitive agreements to sell Ironwood Midstream Energy Partners II, LLC ("Ironwood II" or the "Company") and all EFM-owned and outstanding Plains Series A Preferred Units to Plains All American, L.P. (NYSE:PAA) for over $800 million in cash. The transactions are expected to close in the first quarter of 2025, subject to customary closing conditions, including regulatory approvals. "This is an exciting time for the midstream industry, and we're grateful for the opportunity to monetize our midstream investments and unlock value for our investo
HOUSTON, Jan. 07, 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 fourth quarter of 2024 and also announced timing of fourth quarter 2024 earnings. Fourth Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which represents a $0.0625 increase from the distribution paid in November 2024 ($0.25 per unit increase, or 20%, on an annualized basis).PAGP Class A Shares – $0.38 per Class A Share ($1.52 per Class A Share on an annualized basi
4 - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Issuer)
4 - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Issuer)
4 - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Issuer)
Scotiabank resumed coverage of Plains All American with a rating of Sector Outperform and set a new price target of $23.00
Wolfe Research upgraded Plains All American from Peer Perform to Outperform and set a new price target of $22.00
Wells Fargo downgraded Plains All American from Overweight to Equal Weight and set a new price target of $20.00 from $22.00 previously
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, July 27, 2022 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced that Ellen R. DeSanctis has been appointed, effective August 15, 2022, as an independent member of the Board of Directors of PAA GP Holdings LLC ("GP Holdings") serving in Class I. She will also serve as a member of the Audit Committee and Health, Safety, Environmental and Sustainability Committee. The GP Holdings Board has responsibility for managing the business and affairs of PAA and PAGP. "We are pleased to welcome Ellen to our Board," said CEO Willie Chiang. "With over 40 years of experience in the upstream energy sector, Ellen has a wealth
Strategic Step to Catalyze Long-Duration Energy Storage Sector Malta Inc., a leading innovator of grid-scale, long-duration energy storage (LDES), announced today the appointment of energy and finance veteran Alexandra ("Alie") Pruner to the position of Board Chair. This appointment makes Malta Inc. the only LDES company with women serving at the highest leadership levels of CEO and Board Chair. Pruner joins Malta with a wealth of experience in both the energy and finance fields. She currently serves as an independent director on the boards of NRG Energy, Inc. (NYSE:NRG) and Plains All American (NASDAQ:PAA, PAGP))) and as the Board Chair of Encino Acquisition Partners. A founding partner
SC 13G/A - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Subject)
SC 13G/A - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Subject)
SC 13G/A - PLAINS ALL AMERICAN PIPELINE LP (0001070423) (Subject)
HOUSTON, Jan. 07, 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 fourth quarter of 2024 and also announced timing of fourth quarter 2024 earnings. Fourth Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions: PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which represents a $0.0625 increase from the distribution paid in November 2024 ($0.25 per unit increase, or 20%, on an annualized basis).PAGP Class A Shares – $0.38 per Class A Share ($1.52 per Class A Share on an annualized basi
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. Third-Quarter Results Reported net income attributable to PAA of $220 million and net cash provided by operating activities of $692 millionDelivered solid Adjusted EBITDA attributable to PAA of $659 millionProgressed our efficient growth strategy with a small bolt-on acquisition of a Permian gathering systemExited the quarter with 3.0x leverage ratio, below our target range of 3.25x – 3.75xReceived Moody's upgrade from Baa3 to Baa2 with stable outlook; now mid-BBB at all three credit rating agenciesResolved remainin
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