Examining Plains All American Pipeline's Financial Portrait

Patient Tech Investor
3.99K Followers
(9min)

Summary

  • First quarter adjusted EBITDA net PAA was $718 million.
  • The company reaffirmed adjusted EBITDA guidance ranged between $2.625 billion to $2.725 billion for 2024.
  • Acquired additional 10% in Saddlehorn Pipeline Company, LLC and Mid-Con terminal asset for $110 million, expected to enhance position in Rockies and Mid-Con.

painter"s workshop

Serafimal4ik/iStock via Getty Images

Plains All American Pipeline (NASDAQ:PAA) posted earnings some weeks ago, giving investors a strange and confusing conference. Management clearly sandbagged the 2024 estimates and spent a lot of effort discussing 2026. They seemed focused on painting a

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