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PLAINS ALL AMERICAN PIPELINE, L.P.

(PAA)
  Report
Delayed Nasdaq  -  04:00 2022-12-02 pm EST
12.24 USD   +0.16%
12/02Truist Securities Adjusts Price Target on Plains All American Pipeline, L.P to $15 From $14, Maintains Buy Rating
MT
11/21JPMorgan Downgrades Plains All American Pipeline to Neutral Rating From Overweight, Adjusts Price Target to $14 From $15
MT
11/21Waiting for a trend to emerge
MS
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Plains Midstream Canada Pursuing Fort Saskatchewan Facility Expansion

08/16/2022 | 04:17pm EST

CALGARY, Alberta, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Plains Midstream Canada, a subsidiary of Plains All American (Nasdaq: PAA & PAGP) (“Plains”), announced today it is exploring the expansion of its Fort Saskatchewan facility with strategic partners. The expansion would leverage existing infrastructure and add 50,000 barrels per day of C3+ fractionation capacity, while maintaining the flexibility to deliver a propane/butane mix to Plains’ fractionation facility in Sarnia, Ont.

“With our integrated asset base, we are well positioned to provide competitive and capital-efficient solutions that align with customer needs and our long-term strategy,” says Michelle Podavin, Senior Vice President, NGL Commercial Assets, Plains Midstream Canada. “Plains is excited to develop this expansion project to meet the growing needs of our customers for reliable, responsibly produced energy across North America.”

Forward-looking Statements
This press release contains certain forward-looking information that involves certain risks and uncertainties that could cause actual results or outcomes to differ materially from results or outcomes anticipated in the forward-looking statements. These risks and uncertainties are discussed in PAA's and PAGP's filings with the Securities and Exchange Commission.

About Plains
Plains All American (Nasdaq: PAA) is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). Plains owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation, and other infrastructure assets, serving key producing basins, transportation corridors, and major market hubs and export outlets in the United States and Canada. On average, Plains handles more than seven million barrels per day of crude oil and NGL.

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

Plains All American and Plains GP Holdings are headquartered in Houston, Texas, and its Canadian operations are managed by Plains Midstream Canada, which is based in Calgary, Alberta. For more information, please visit www.plains.com.

For more information:

Commercial
Brad Kroeker
Managing Director, NGL Assets
(403) 450-1242
                              Media
Leanna Josue
Sr. Manager, Communications
(866) 754-7422
   

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Source: Plains All American Pipeline, L.P.

2022 GlobeNewswire, Inc., source Press Releases

All news about PLAINS ALL AMERICAN PIPELINE, L.P.
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Analyst Recommendations on PLAINS ALL AMERICAN PIPELINE, L.P.
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Financials (USD)
Sales 2022 59 789 M - -
Net income 2022 928 M - -
Net Debt 2022 8 895 M - -
P/E ratio 2022 9,70x
Yield 2022 7,26%
Capitalization 8 548 M 8 548 M -
EV / Sales 2022 0,29x
EV / Sales 2023 0,28x
Nbr of Employees 4 100
Free-Float 58,8%
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Technical analysis trends PLAINS ALL AMERICAN PIPELINE, L.P.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 12,24 $
Average target price 15,11 $
Spread / Average Target 23,5%
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
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