Plains All American Q3 2024 Earnings Report
Key Takeaways
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.
Reported net income attributable to PAA of $220 million and net cash provided by operating activities of $692 million.
Delivered solid Adjusted EBITDA attributable to PAA of $659 million.
Progressed efficient growth strategy with a small bolt-on acquisition of a Permian gathering system.
Exited the quarter with 3.0x leverage ratio, below target range of 3.25x – 3.75x.
Plains All American
Plains All American
Plains All American Revenue by Segment
Forward Guidance
Company expects 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income