Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

PLAINS ALL AMERICAN PIPELINE, L.P.

(PAA)
  Report
Delayed Nasdaq  -  04:00:01 2023-02-01 pm EST
12.51 USD   +0.40%
02/01Mizuho Securities Adjusts Price Target on Plains All American Pipeline, L.P to $17 From $15, Maintains Buy Rating
MT
01/30PLAINS ALL AMERICAN PIPELINE, L.P. : Ex-dividend day for
FA
01/10Plains All American Pipeline and Plains GP Holdings Announce Reflects Distribution Increase for Common Equity Holders
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Plains All American Pipeline L P : Cushing Terminal to Become Delivery Point for the Benchmark WTI Crude Oil Futures Contract

10/19/2021 | 07:30am EST

HOUSTON - Plains All American (Nasdaq: PAA & PAGP) ('Plains') today announced that CME Group (Nasdaq: CME) ('CME') will add Plains' Cushing Terminal as a delivery point to the NYMEX WTI Crude Oil Futures contract, offering market participants an additional outlet to utilize the delivery mechanism of the world's most liquid crude oil futures benchmark.

The change will take effect November 8th, 2021 for the February 2022 contract month, pending regulatory review.

Plains made its initial investment at Cushing, Oklahoma in the early 1990s and today is one of the largest operators at the Cushing hub. Cushing, Oklahoma is one of the leading crude oil market hubs in North America, and Plains appreciates CME's recognition of Plains as one of the key liquidity points at the Cushing hub.

Plains' Cushing Terminal profile: 27.2 million barrels of storage capacity

23 pipeline connections (11 inbound and 12 outbound)

15 third-party terminal connections

Approximately 4.0 million barrels per day of average daily volume

About Plains

PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), and natural gas. PAA owns an extensive network of pipeline transportation, terminalling, storage, and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles more than 5 million barrels per day of crude oil and NGL in its Transportation segment.

PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America.

Contact:

Brett Magill

Tel: (866) 809-1291

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
CME GROUP INC. -0.63% 175.54 Delayed Quote.4.39%
PLAINS ALL AMERICAN PIPELINE, L.P. 0.40% 12.51 Delayed Quote.6.38%
All news about PLAINS ALL AMERICAN PIPELINE, L.P.
02/01Mizuho Securities Adjusts Price Target on Plains All American Pipeline, L.P to $17 From..
MT
01/30PLAINS ALL AMERICAN PIPELINE, L.P. : Ex-dividend day ..
FA
01/10Plains All American Pipeline and Plains GP Holdings Announce Reflects Distribution Incr..
AQ
01/09Plains All American Pipeline and Plains GP Holdings Announce Timing of Fourth-Quarter a..
GL
01/09Plains All American Pipeline and Plains GP Holdings Announce Distributions
GL
01/09Plains All American Pipeline and Plains GP Holdings Announce Distributions
GL
01/09Plains All American Pipeline, L.P. Announces Quarterly Cash Distribution, Payable on Fe..
CI
01/05Plains All American Announces Officer Appointments, Blake Fernandez joins Plains as Vic..
AQ
01/04Plains All AmericanáAnnounces Officer Appointments
GL
2022Sector Update: Energy Stocks Trim Thursday Losses in Afternoon Trade
MT
More news
Analyst Recommendations on PLAINS ALL AMERICAN PIPELINE, L.P.
More recommendations
Financials (USD)
Sales 2022 59 751 M - -
Net income 2022 940 M - -
Net Debt 2022 8 786 M - -
P/E ratio 2022 9,73x
Yield 2022 7,14%
Capitalization 8 736 M 8 736 M -
EV / Sales 2022 0,29x
EV / Sales 2023 0,28x
Nbr of Employees 4 100
Free-Float 58,8%
Chart PLAINS ALL AMERICAN PIPELINE, L.P.
Duration : Period :
Plains All American Pipeline, L.P. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PLAINS ALL AMERICAN PIPELINE, L.P.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 12,51 $
Average target price 15,05 $
Spread / Average Target 20,3%
EPS Revisions
Managers and Directors
Willie C. W. Chiang Chairman & Chief Executive Officer
Harry N. Pefanis President & Non-Independent Director
Alan P. Swanson Chief Financial Officer & Executive Vice President
Alfred A. Lindseth Senior VP-Technology, Process & Risk Management
Chris R. Chandler Chief Operating Officer & Executive VP
Sector and Competitors
1st jan.Capi. (M$)
PLAINS ALL AMERICAN PIPELINE, L.P.6.38%8 736
ENBRIDGE INC.2.27%82 266
ENTERPRISE PRODUCTS PARTNERS L.P.6.14%55 869
KINDER MORGAN, INC.1.60%41 291
TC ENERGY CORPORATION0.24%41 108
WILLIAMS COMPANIES-2.01%38 816