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Plains GP Holdings ( (PAGP) ) has issued an announcement.
On February 7, 2025, Plains GP Holdings reported its financial results for the fourth quarter and full year of 2024, highlighting a net income of $772 million for the year and adjusted EBITDA above guidance at $2.78 billion. The company also announced its 2025 guidance, expecting an adjusted EBITDA between $2.80 billion and $2.95 billion, alongside a 20% increase in annualized distribution per unit. Plains GP Holdings continues to focus on efficient growth initiatives, having completed significant acquisitions and maintaining a strong cash flow and financial flexibility, underscoring its commitment to delivering value to customers and unitholders.
More about Plains GP Holdings
Plains GP Holdings operates within the energy infrastructure industry, primarily focusing on the transportation and storage of crude oil and natural gas liquids. The company leverages its extensive asset base to provide services across the United States, aiming to optimize asset utilization and deliver value to stakeholders.
YTD Price Performance: 16.94%
Average Trading Volume: 1,702,894
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $16.32B
Find detailed analytics on PAGP stock on TipRanks’ Stock Analysis page.
