Earnings Alerts

Plains All American Pipeline, L.P. (PAA) Earnings Surpass Estimates with Strong 4Q Results

By February 9, 2024 No Comments
  • Plains All American’s 4Q adjusted earnings per unit beat estimates, coming in at 42c versus the previous year’s 33c and an estimated 37c.
  • The company’s adjusted Ebitda was $737 million, showing a 12% increase year-on-year and beating the $674.7 million estimate.
  • Revenue for Plains All American was $12.70 billion, down 2% from the previous year, matching the estimate of $12.7 billion.
  • Distributable cash flow per unit was 68c.
  • The total distributable cash flow was $543 million, a 15% increase from the previous year and surpassing the $434.2 million estimate.
  • The company attributes its better-than-expected results to strong execution in 2023, which also allowed them to make faster progress on their long-term goals and objectives.
  • There are currently 10 buy ratings, 9 hold ratings, and 3 sell ratings for Plains All American.

Plains All American Pipeline, L.P. on Smartkarma

Smartkarma, an independent investment research network, has recently seen analyst coverage of Plains All American Pipeline, L.P. from Baptista Research. The report, titled “Plains All American Pipeline: Initiation of Coverage – The Strategy Behind Their Unstoppable Growth in Crude and NGL Sectors! – Major Drivers“, provides insights on the company’s growth in the crude and natural gas liquids sectors. The report also includes a fundamental analysis of the company’s historical financial statements.

The report from Baptista Research highlights Plains All American Pipeline’s increase in guidance range’s top limit, which represents a significant growth of $50 million to $100 million. The report, authored by Baptista Research, leans towards a bullish sentiment on the company’s future prospects. This is the first report on Plains All American Pipeline from Baptista Research, adding to the growing coverage of the company on Smartkarma.


A look at Plains All American Pipeline, L.P. Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Plains All American Pipeline, L.P. is a company that transports and stores crude oil across several states. According to the Smartkarma Smart Scores, the company has a positive long-term outlook. The company scores a 4 out of 5 for value, indicating that it is a good investment for its current price. It also scores a perfect 5 out of 5 for its dividend, which means it is expected to pay out a steady and reliable dividend to its shareholders. In terms of growth, Plains All American Pipeline, L.P. scores a 4 out of 5, showing that it is expected to continue growing in the future. However, the company’s resilience and momentum scores are slightly lower at 3 out of 5, indicating some potential risks and challenges.

Overall, Plains All American Pipeline, L.P. is a strong company with a promising future. It is involved in intrastate crude oil transportation and storage, as well as gathering and marketing activities. The company owns and operates a large pipeline and an oil gathering system, which are key assets in the oil industry. With high scores in value, dividend, and growth, it is a company that investors should keep an eye on. However, as with any business, there are potential risks and challenges that may affect its resilience and momentum. Nonetheless, Plains All American Pipeline, L.P. is a company with a solid foundation and a positive outlook for the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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