Last $50.81 USD
Change Today +4.00 / 8.55%
Volume 3.6M
PAA On Other Exchanges
Symbol
Exchange
PAA is not on other exchanges.
As of 8:04 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

plains all amer pipeline lp (PAA) Snapshot

Open
$46.86
Previous Close
$46.81
Day High
$51.42
Day Low
$46.44
52 Week High
09/9/14 - $61.09
52 Week Low
12/16/14 - $43.61
Market Cap
18.9B
Average Volume 10 Days
2.3M
EPS TTM
$2.27
Shares Outstanding
372.0M
EX-Date
10/29/14
P/E TM
22.4x
Dividend
$2.64
Dividend Yield
5.02%
Current Stock Chart for PLAINS ALL AMER PIPELINE LP (PAA)

plains all amer pipeline lp (PAA) Details

Plains All American Pipeline, L.P., together with its subsidiaries, is engaged in transporting, storing, terminalling, and marketing crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges. As of December 31, 2013, this segment owned and leased 16,900 miles of active crude oil, and NGL and gathering systems; 24 million barrels of active and above-ground tank capacity; 744 trailers; and 130 transport and storage barges, as well as 62 transport tugs. The Facilities segment provides storage, terminalling, and throughput services for crude oil, refined products, and NGL and natural gas; and NGL fractionation and isomerization, and natural gas and condensate processing services. As of December 31, 2013, this segment owned and operated approximately 74 million barrels of crude oil and refined products storage capacity; 23 million barrels of NGL storage capacity; 97 billion cubic feet of natural gas storage working capacity; 17 billion cubic feet of base gas; 11 natural gas processing plants; 1 condensate stabilization facility; 7 fractionation plants; 24 crude oil and NGL rail terminals; and 1,250 miles of active pipelines. The Supply and Logistics segment purchases crude oil at the wellhead, pipeline, and terminal and rail facilities; cargos at their load port and various other locations in transit; NGL from producers, refiners, processors, and other marketers. This segment also stores inventory and NGL; resells or exchanges crude oil and NGL; and transports crude oil and NGL on trucks, barges, railcars, pipelines, and ocean-going vessels. As of December 31, 2013, this segment owned 843 trucks and 982 trailers, and 7,400 crude oil and NGL railcars. The company was founded in 1998 and is headquartered in Houston, Texas.

4,900 Employees
Last Reported Date: 02/28/14
Founded in 1998

plains all amer pipeline lp (PAA) Top Compensated Officers

Chairman of Plains All American GP LLC and Ch...
Total Annual Compensation: $4.8M
President of Plains All American GP LLC and C...
Total Annual Compensation: $4.6M
Chief Financial Officer of Plains All America...
Total Annual Compensation: $2.1M
President of Plains Midstream Canada of Plain...
Total Annual Compensation: $4.2M
Executive Vice President of Commercial Activi...
Total Annual Compensation: $5.5M
Compensation as of Fiscal Year 2013.

plains all amer pipeline lp (PAA) Key Developments

PAA Mulls Acquisitions

Plains All American Pipeline, L.P. (NYSE:PAA) is seeking acquisitions. PAA announced that it has completed underwritten public offering of two series of senior notes. $500 million aggregate principal amount of 2.60% senior unsecured notes due December 15, 2019, at a public offering price of 99.813% with a yield to maturity of 2.64%. $650 million aggregate principal amount of 4.90% senior unsecured notes due February 15, 2045 at public offering price of 99.876% of face amount with yield to maturity of 4.907%. Total net proceeds of the offering were approximately $1.138 billion. Plains intend to use the net proceeds to repay outstanding borrowings under its commercial paper program and for general partnership purposes. Amounts repaid under the Partnership's commercial paper program may be reborrowed, as necessary, to fund its ongoing expansion capital program or future acquisitions, or for general partnership purposes.

Plains All American Pipeline Announces Plans to Expand Cactus Pipeline Takeaway Capacity

Plains All American Pipeline, L.P. announced plans to provide additional pumps to increase the takeaway capacity of the Cactus Pipeline in response to higher regional production forecasts and shipper demand. Installation of booster stations along the pipeline, which runs from McCamey to Gardendale (La Salle County), Texas, will result in an increase in throughput from approximately 250,000 barrels per day (bpd) to approximately 330,000 bpd. This expansion, in conjunction with the previously announced Eagle Ford Joint Venture Pipeline expansion, will allow PAA to move increased production volumes from the Permian Basin to Corpus Christi and other delivery points along the system. The Cactus Pipeline is expected to be in service in April 2015; the expansion will be completed in the fourth quarter of 2015.

Plains All American Pipeline, L.P. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Year Ending December 31, 2014

Plains All American Pipeline, L.P. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income attributable to limited partners of $195 million or $0.52 per diluted share on revenues of $11,127 million compared with $133 million or $0.38 per diluted share on revenue of $10,703 million for the same period in the last year. The company reported operating income of $404 million compared to $296 million, income before tax of $344 million compared to $246 million, adjusted ebitda of $527 million compared to $480 million, adjusted limited partners' net income of $196 million or $0.53 per diluted share compared to $184 million or $0.53 per diluted share and net cash provided by operating activities of $315 million compared to $257 million for the last year. Maintenance capital expenditures totaled $56 million. For the nine months, the company reported net income attributable to limited partners of $630 million or $1.70 per diluted share on revenues of $34,005 million compared with $764 million or $2.22 per diluted share on revenue of $31,617 million for the same period in the last year. The company reported operating income of $1,261 million compared to $1,333 million, income before tax of $1,086 million compared to $1,153 million, adjusted ebitda of $1,606 million compared to $1,697 million, adjusted limited partners' net income of $617 million or $1.68 per diluted share compared to $802 million or $2.35 per diluted share and net cash provided by operating activities of $1,278 million compared to $1,594 million for the last year. The company provided earnings guidance for the fourth quarter and year ending December 31, 2014. For the quarter, the company expects net revenues (including equity earnings from unconsolidated entities) in the range of $978 - $1,018 million, depreciation and amortization expense in the range of $104 - $100 million, interest expense, net in the range of $93 - $89 million, net income to limited partners in the range of $171 - $232 million, diluted net income per limited partner unit in the range of $0.45 - $0.61, EBITDA in the range of $533 - $583 million, adjusted EBITDA in the range of $544 - $594 million, adjusted net income attributable to PAA in the range of $315 - $377 million and diluted adjusted net income per limited partner unit in the range of $0.48 - $0.64. For the year, the company expects net revenues (including equity earnings from unconsolidated entities) in the range of $3,940 - $3,980 million, depreciation and amortization expense in the range of $397 - $393 million, interest expense, net in the range of $339 - $335 million, net income to limited partners in the range of $801 - $862 million, diluted net income per limited partner unit in the range of $2.15 - $2.31, EBITDA in the range of $2,158 - $2,208 million, adjusted EBITDA in the range of $2,150 - $2,200 million, adjusted net income attributable to PAA in the range of $1,300 - $1,362 million and diluted adjusted net income per limited partner unit in the range of $2.16 - $2.32. Capital expenditures for 2014 to be in the range between $185 million and $205 million.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PAA:US $50.81 USD +4.00

PAA Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Apache Corp $60.20 USD +3.49
Endesa SA €15.84 EUR +0.385
Energy Transfer Equity LP $54.91 USD +4.44
Energy Transfer Partners LP $63.39 USD +1.93
Marathon Oil Corp $26.67 USD +1.36
View Industry Companies
 

Industry Analysis

PAA

Industry Average

Valuation PAA Industry Range
Price/Earnings 20.5x
Price/Sales 0.4x
Price/Book 2.2x
Price/Cash Flow 14.3x
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PLAINS ALL AMER PIPELINE LP, please visit www.paalp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.