Last €43.52 EUR
Change Today -0.54 / -1.22%
Volume 30.0
As of 2:08 AM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

plains all amer pipeline lp (PLM) Snapshot

Open
€43.33
Previous Close
€44.05
Day High
€44.10
Day Low
€43.30
52 Week High
10/1/14 - €47.12
52 Week Low
12/18/13 - €34.72
Market Cap
16.2B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
372.0M
EX-Date
10/29/14
P/E TM
--
Dividend
€2.57
Dividend Yield
4.38%
Current Stock Chart for PLAINS ALL AMER PIPELINE LP (PLM)

plains all amer pipeline lp (PLM) 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 (PLM) 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 (PLM) Key Developments

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.

Plains All American Pipeline, L.P. and Enterprise Products Partners L.P. Announce Eagle Ford Joint Venture Pipeline Expansions, New Terminal

Plains All American Pipeline, L.P. and Enterprise Products Partners L.P. announced that they are constructing a new condensate gathering system into their three rivers terminal and doubling the mainline capacity on the Eagle Ford Joint Venture (JV) Pipeline from Three Rivers to Corpus Christi. These expansions are supported by a long-term production commitment and are expected to be placed into service in the third quarter of 2015. The Eagle Ford JV Pipeline system is a 50/50 joint venture between Plains and Enterprise that delivers crude oil and condensate via pipeline from Gardendale in La Salle County, Texas to the Three Rivers and Corpus Christi refineries and to other markets via marine transport facilities at Corpus Christi. Furthermore, the pipeline supplies the Houston-area market through a connection to the Enterprise Crude Pipeline terminal at Lyssy in Wilson County, Texas. As part of the expansion, Plains and Enterprise will construct a new gathering system with approximately 55 miles of gathering and trunkline pipeline that will connect Karnes County and Live Oak County production areas to the Three Rivers terminal. The companies will also construct an additional 70 mile, 20-inch pipeline from Three Rivers to Corpus Christi as well as expand storage and pumping capacity at Three Rivers. Combined with the previously announced expansion, this project effectively loops the Eagle Ford JV Pipeline from Gardendale to Corpus Christi and increases the JV system capacity to over 600,000 barrels per day. The Eagle Ford JV Pipeline will be connected with the Cactus pipeline, which Plains is constructing from the Permian Basin at McCamey to the Eagle Ford JV Pipeline at Gardendale. Plains and Enterprise will also build a new terminal on the Corpus Christi ship channel to support the increased volumes to be shipped via pipeline to the region. The dock will have the capacity to handle a variety of ocean-going vessels and is planned to be in service by 2017.

Plains All American Pipeline, L.P. Announces Increase in Borrowing Capacity Under Commercial Paper Program

Effective on and as of October 20, 2014, the maximum aggregate borrowing capacity under the Plains All American Pipeline, L.P. (PAA) commercial paper program was increased from $1.5 billion to $3.0 billion. Notes issued under the commercial paper program by PAA or its indirect subsidiary, Plains Midstream Canada ULC (PMC), are backstopped by PAA’s senior unsecured revolving credit facility and senior secured hedged inventory facility; as such, any borrowings under the commercial paper program effectively reduce the available capacity under PAA’s credit facilities. The maturities of the commercial paper notes will vary, but may not exceed 397 days for commercial paper notes issued by PAA or 365 days for commercial paper notes issued by PMC. Proceeds from the issuance of the commercial paper notes will be used for general partnership purposes.

 

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PLM

Industry Average

Valuation PLM Industry Range
Price/Earnings 23.8x
Price/Sales 0.5x
Price/Book 2.6x
Price/Cash Flow 16.6x
TEV/Sales 0.3x
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