Plains All American Earnings Reports

Plains All American Pipeline (PAA) reported a significant decline in net income for Q4 2024 due to non-cash charges and insurance-related write-offs. Despite this, the company delivered strong Adjusted EBITDA and cash flow, exceeding guidance. Revenue declined slightly year-over-year.

Plains All American Pipeline reported a net income attributable to PAA of $220 million and Adjusted EBITDA attributable to PAA of $659 million for the third quarter of 2024. The company is expecting to be toward the high-end of the guidance range for full-year 2024 Adjusted EBITDA attributable to PAA of $2.725 - $2.775 billion and expects 2024 Adjusted Free Cash Flow to be approximately $1.45 billion.

Plains All American Pipeline, L.P. reported strong second-quarter 2024 results, exceeding expectations in both the Crude Oil and NGL segments. The company is increasing its annual EBITDA guidance for 2024.