PAA Stock Recent News

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Plains All American Pipeline, L.P. (NASDAQ:PAA ) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Blake Fernandez - Vice President, Investor Relations Willie Chiang - Chairman and CEO Al Swanson - Executive Vice President and CFO Jeremy Goebel - Executive Vice President and CCO Conference Call Participants Michael Blum - Wells Fargo Spiro Dounis - Citi Keith Stanley - Wolfe Research Sunil Sibal - Seaport Global Zack Van Everen - TPH & Company Naomi Marfatia - UBS Neal Dingmann - Truist Securities Jeremy Tonet - JPMorgan Securities John Mackay - Goldman Sachs Theresa Chen - Barclays Operator Thank you for standing by.

Plains All American's (PAA) first-quarter earnings remain flat year over year, while revenues decrease. Total costs and expenses reduce during the same period.

If you've been keeping up with the news lately, you know tensions in the Middle East have been escalating significantly. While they've calmed down for the moment, as long as conflict continues raging in the region, it's only a matter of time before the next major flare-up.

In the past 3 years, Plains All American has significantly outperformed its benchmarks and peers in the midstream energy/MLP market. This creates concern around PAA's valuation and further upside potential. Also, the massive hit in the early pandemic period could theoretically question the strength of PAA's financial and cash generation profile.

In the latest trading session, Plains All American Pipeline (PAA) closed at $18.56, marking a +1.48% move from the previous day.

Zacks.com users have recently been watching Plains All American (PAA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

PAA's dividends are important for investors betting on the long-term value of its assets in a changing energy landscape. PAA has made strategic changes to become a more stable company, including cutting debt and focusing on smaller pipeline projects. PAA's leverage has decreased, and its credit rating outlook has improved, indicating a potential for a rating upgrade in the future.

In the latest trading session, Plains All American Pipeline (PAA) closed at $17.07, marking a -0.52% move from the previous day.

Plains All American (PAA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.