Financials For Plains All American Pipeline Remain Strong

Patient Tech Investor
3.99K Followers
(10min)

Summary

  • Plains All American Pipeline reported positive results, including a $75 million EBITDA increase and favorable spreads on unhedged C3+ products.
  • Growth is expected from Bolt-On acquisitions and crude volume increases, though significant growth in crude production is uncertain.
  • Management plans to refinance $1.7 billion in debt by 2026.
  • We expect a $0.15 distribution increase next year, supported by $400 million in excess cash, maintaining our buy rating.

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Covering Plains All American Pipeline (NASDAQ:PAA) seems a must for those interested in world and U.S. oil markets. The company includes easy to understand summary details, difficult to find elsewhere, of overall fossil fuel-based inventories, uses and other elements important to

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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