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Investing.com - UBS maintained its Buy rating and $25.00 price target on Plains All American (NASDAQ:PAA) following the company’s second-quarter earnings report. According to InvestingPro analysis, the stock appears undervalued at its current price of $18.05, with an attractive dividend yield of 8.51%.
Plains All American reported second-quarter EBITDA of $672 million, exceeding UBS’s estimate of $669.4 million and consensus expectations of $670.5 million. The company’s last twelve months EBITDA stands at $2.66 billion, supporting its $12.68 billion market capitalization.
The company exited the quarter with a leverage ratio of 3.3x, which falls toward the lower end of its target range of 3.25x to 3.75x, and reiterated its 2025 EBITDA guidance of $2.80 billion to $2.95 billion.
Plains All American continues its strategy of growing EBITDA through bolt-on acquisitions, including its July 22, 2025, purchase of an additional 20% interest in BridgeTex Pipeline Company, LLC, which increased PAA’s total interest to 40%.
Year-to-date, the company has spent $795 million on bolt-on deals that have a high return threshold of 13-15%, a strategy UBS views "very favorably."
In other recent news, Plains All American reported its second-quarter 2025 results, highlighting a steady financial performance with an adjusted EBITDA of $672 million. The company is focusing on strategic shifts, including the sale of its NGL business and increasing capital expenditure for growth projects. This aligns with its emphasis on creating unitholder value and maintaining a constructive outlook on the oil market. Stifel has reiterated its Buy rating for Plains All American, maintaining a price target of $23.00. The firm noted that the quarterly results were in line with their expectations. These developments reflect the company’s ongoing strategic adjustments and financial stability.
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