Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, trucks, and on barges or railcars. This segment provides terminaling, storage, and other related services, as well as merchant activities. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminaling. This segment also includes ethane, propane, normal butane, iso-butane, and natural gasoline derived from natural gas production and processing activities, as well as crude oil refining processes. Its NGL components are used for various applications, such as heating, engine, and industrial fuels. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.
Midstream Powerhouse | Plains All American Pipeline's strategic positioning in the Permian Basin and strong financial flexibility set the stage for potential growth and increased shareholder returns |
Financial Resilience | Explore PAA's robust financial health, with a 7.11% dividend yield and $2.17 billion in free cash flow, despite revised guidance and market challenges |
Operational Efficiency | Learn how PAA maintains its Permian production outlook through efficiency gains, offsetting lower rig counts and demonstrating adaptability in a competitive market |
Future Prospects | Delve into PAA's growth strategies, including potential acquisitions and expansion projects, with analyst price targets around $19 reflecting positive market sentiment |