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Plains GP Holdings ( (PAGP) ) has issued an announcement.
Plains All American Pipeline reported robust third-quarter 2024 results, with net income of $220 million and adjusted EBITDA of $659 million, driven by their strategic growth initiatives, including a bolt-on acquisition. The company lowered its leverage ratio and received a credit rating upgrade from Moody’s, reflecting its strong financial position. With a positive outlook for the year, Plains expects to meet the high end of its full-year adjusted EBITDA guidance, while focusing on free cash flow generation, capital discipline, and investor returns.
For an in-depth examination of PAGP stock, go to TipRanks’ Stock Analysis page.
