The latest update is out from Plains All American ( (PAA) ).
Plains All American reported its fourth-quarter and full-year 2024 financial results on February 7, 2025, showcasing a net income of $772 million for the year despite a $225 million charge related to insurance proceeds and non-cash charges. The company successfully closed several acquisitions totaling $670 million and announced a 20% increase in annual distribution for 2025. Plains forecasts an Adjusted EBITDA of $2.80 – $2.95 billion for 2025, with plans to maintain a leverage ratio within its target range, benefiting from strong cash flow and disciplined capital investments.
More about Plains All American
Plains All American Pipeline, L.P. and Plains GP Holdings operate in the energy sector, primarily focusing on the transportation, storage, and marketing of crude oil, natural gas liquids, and other petroleum-based products.
YTD Price Performance: 19.32%
Average Trading Volume: 4,041,871
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.08B
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