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Plains All American (PAA)
NASDAQ:PAA
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 07, 2025
|% Change Since: 2.30%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong performance in 2024, strategic acquisitions, and increased capital returns, despite challenges such as impairments, insurance claim setbacks, and potential tariff impacts. The company is well-positioned for future growth and maintains a constructive outlook on the energy market.Company Guidance
During the call, Plains All American Pipeline provided guidance for 2025, highlighting several key metrics and financial expectations. The company projected an adjusted EBITDA range of $2.8 billion to $2.95 billion, indicating a year-over-year growth of approximately 3% at the midpoint. They anticipate Permian crude production to increase by 200,000 to 300,000 barrels per day, reaching approximately 6.7 million barrels per day by the end of 2025. The company plans to invest around $400 million in growth capital and $240 million in maintenance capital, while aiming to generate approximately $1.15 billion in adjusted free cash flow. Additionally, Plains announced a 20% increase in quarterly distribution, raising it by $0.25 per unit on an annualized basis, resulting in a yield of about 7.5%. The guidance reflects Plains' strategy of focusing on efficient growth, capital discipline, and increasing returns to unitholders.Exceeding Guidance and Strong EBITDA Performance
Adjusted EBITDA of $729 million for Q4 and $2.78 billion for the full year 2024, exceeding initial guidance by $105 million.
2025 Growth Projections
Provided EBITDA guidance of $2.8 billion to $2.95 billion for 2025, indicating approximately 3% growth year over year.
Strategic Acquisitions
Completed acquisitions of Ironwood Midstream Energy and the remaining 50% interest in Midway Pipeline, expanding asset base in Eagle Ford and Delaware Basin.
Increased Capital Returns
Announced a 20% increase in quarterly distribution, bringing the annual distribution to $1.52 per unit, representing a yield of approximately 7.5%.
Permian Basin Growth
Expected growth of 200,000 to 300,000 barrels per day by year-end 2025, with basin volumes reaching 6.7 million barrels per day.
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PAA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PAA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 07, 2025 | $20.01 | $19.40 | -3.05% |
| Nov 08, 2024 | $17.46 | $16.97 | -2.81% |
| Aug 02, 2024 | $17.34 | $16.78 | -3.23% |
| May 03, 2024 | $16.31 | $16.56 | +1.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Plains All American (PAA) report earnings?
Plains All American (PAA) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Plains All American (PAA) earnings time?
Plains All American (PAA) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PAA EPS forecast?
PAA EPS forecast for the fiscal quarter 2025 (Q1) is 0.44.
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