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Plains GP Holdings LP (PAGP)
:PAGP
RESEARCH TOOLSreports
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.41Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 07, 2025
|% Change Since: 3.41%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with the company exceeding its 2024 guidance and setting growth expectations for 2025. Acquisitions and increased distributions reflect strategic growth and shareholder value focus. However, challenges such as noncash impairments and a significant insurance claim write-off were noted, along with expected tariff resets on key pipelines.Company Guidance
During the PAA and PAGP Fourth Quarter 2024 Earnings Call, the company provided detailed guidance for 2025, highlighting several key metrics. PAA reported a strong adjusted EBITDA of $729 million for Q4 2024 and $2.78 billion for the year, surpassing their initial guidance by approximately 4%. For 2025, the company projected adjusted EBITDA of $2.8 billion to $2.95 billion, indicating a 3% growth year-over-year at the midpoint. Plains expects Permian crude production to increase by 200,000 to 300,000 barrels per day, reaching about 6.7 million barrels per day by the end of 2025. The company also announced a 20% increase in the quarterly distribution, leading to an annual distribution of $1.52 per unit, representing a yield of approximately 7.5%. Additionally, Plains plans to invest around $400 million in growth capital and $240 million in maintenance capital for 2025.Exceeded 2024 Guidance
Plains reported adjusted EBITDA attributable to Plains of $729 million for Q4 and $2.78 billion for the full year, exceeding their initial 2024 guidance by approximately $105 million or 4%.
Positive Outlook for 2025
The company provided adjusted EBITDA guidance for 2025 of $2.8 billion to $2.95 billion, representing approximately 3% growth year-over-year at the midpoint of the guidance range.
Successful Acquisitions
Completed acquisitions including Ironwood Midstream Energy and the remaining 50% interest in Midway Pipeline, which are expected to expand and enhance the asset base.
Increased Distribution
Announced a 20% increase in the quarterly distribution, bringing the annual distribution to $1.52 per unit, representing a yield of approximately 7.5%.
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PAGP 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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PAGP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 07, 2025 | $21.12 | $20.73 | -1.85% |
| Nov 08, 2024 | $18.50 | $17.96 | -2.92% |
| Aug 02, 2024 | $18.33 | $17.76 | -3.11% |
| May 03, 2024 | $17.15 | $17.47 | +1.87% |
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 GP Holdings LP (PAGP) report earnings?
Plains GP Holdings LP (PAGP) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Plains GP Holdings LP (PAGP) earnings time?
Plains GP Holdings LP (PAGP) 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 PAGP EPS forecast?
PAGP EPS forecast for the fiscal quarter 2025 (Q1) is 0.41.
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