Index to Financial Statements UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-14569 PLAINS ALL AMERICAN PIPELINE, L.P. (Exact name of registrant as specified in its charter) Delaware 76-0582150 (State or other jurisdi ...

财务数据和关键指标变化 - 公司2023年第四季度和全年调整后EBITDA分别为7.37亿美元和27.1亿美元,全年结果超过初始指引中值约2.1亿美元或8% [7][8] - 公司2023年末杠杆率降至3.1倍,下调长期杠杆率目标区间至3.25-3.75倍 [8] - 公司2024年预计调整后EBITDA为26.25-27.25亿美元,较2023年有所增长 [12][19] 各条业务线数据和关键指标变化 - 原油业务预计2024年有所增长,主要受益于Permian产量和管道运输量增加以及近期收购资产的贡献 [12][19] - NGL业务预计2024年有所下降,主要受到裂解价差下降的影响 [12][19] 各个市场数据和关键指标变化 - Permian原油产量预计2024年增加20-30万桶/日,其中特拉华盆地占主要部分 [13][30] - 公司Permian管道系统拥有440多万英亩长期承诺产能,有助于为客户提供从井口到需求中心的中游解决方案 [13] - 公司预计2024年Permian管道系统运输量增加27.5万桶/日 [14][30] 公司战略和发展方向及行业竞争 - 公司持续关注提高资产回报、资本纪律和明确的资本配置框架,重点提高对股东的资本回报 [11] - 公司正在优化NGL业务,包括出售加拿大分馏设施权益以及在Fort Sask进行30,000桶/日的扩能项目 [15] - 公司认为行业正处于周期转折点,未来将有更多资产整合和并购机会 [40][41] 管理层对经营环境和未来前景的评论 - 管理层认为,尽管存在地缘政治动荡等不确定性,但公司目前和未来都处于有利位置,能够为股东创造价值 [23][24] - 管理层表示,公司资产灵活,能够适应不同的市场环境和流向变化,捕捉各种价值创造机会 [96][97] 问答环节重要的提问和回答 问题1 **Michael Blum 提问** 询问2024年Permian产量和管道运输量增长的关系 [29][30] **Willie Chiang 和 Jeremy Goebel 回答** Permian产量增长由两部分组成:收购资产带来的15万桶/日和基础业务增长12.5万桶/日;管道运输量增长与德拉瓦盆地活跃钻机数量增加相匹配 [30][31] 问题2 **Brian Reynolds 提问** 询问公司是否有机会在德拉瓦盆地获得更多管道运输份额 [35][36] **Jeremy Goebel 回答** 德拉瓦盆地活跃钻机数量较米德兰多,是产量增长的主要驱动因素;公司在该区域的市场份额较高,因此受益更多 [36][37] 问题3 **Keith Stanley 提问** 询问Cactus管道再续约的进展和公司的策略 [43][44][46][47] **Jeremy Goebel 和 Willie Chiang 回答** 公司正在与客户进行建设性对话,正常商业谈判过程;公司希望与出口商等第三方签订中长期合同,同时保留一定的市场机会 [44][46][47][48]

Plains All American Pipeline, L.P. (PAA) reported fourth-quarter 2023 adjusted earnings of 42 cents per unit, which surpassed the Zacks Consensus Estimate of 37 cents by 13.5%. The bottom line improved 27.3% from the year-ago quarter’s level of 33 cents. The company reported GAAP earnings of 35 cents per unit compared with 30 cents in the year-ago period. Full-year 2023 adjusted earnings were $1.42 per share, up 13% from the previous year’s reported figure of $1.26. Total Revenues Net sales of $12.7 billion ...

For the quarter ended December 2023, Plains All American Pipeline (PAA) reported revenue of $12.7 billion, down 2% over the same period last year. EPS came in at $0.42, compared to $0.33 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $17.48 billion, representing a surprise of -27.37%. The company delivered an EPS surprise of +10.53%, with the consensus EPS estimate being $0.38. While investors closely watch year-over-year changes in headline numbers -- revenue and ...

HOUSTON, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today reported fourth-quarter and full-year 2023 results, announced 2024 guidance and provided the following highlights: 2023 Highlights Fourth-quarter and full-year 2023 Net income attributable to PAA of $312 million and $1.23 billion, respectively, and 2023 Net cash provided by operating activities of $1.01 billion and $2.73 billion, respectively Delivered strong fourth-quarter a ...

Investors are always looking for stocks that are poised to beat at earnings season and Plains All American Pipeline, L.P. (PAA) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Plains All American is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information po ...

Plains All American Pipeline L.P (PAA) is scheduled to release fourth-quarter 2023 earnings on Feb 9 before market open. The firm delivered a positive earnings surprise of 45.83% in the last quarter. Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors at Play PAA’s fourth-quarter earnings are expected to have benefited from contributions coming from the acquired assets of Rattler Midstream's Southern Delaware Basin crude gathering system and LM Energy’s Touch ...

In the latest market close, Plains All American Pipeline (PAA) reached $15.30, with a +0.2% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.32% for the day. At the same time, the Dow lost 0.71%, and the tech-heavy Nasdaq lost 0.2%. Heading into today, shares of the oil and gas transportation and storage company had lost 0.78% over the past month, outpacing the Oils-Energy sector's loss of 2.12% and lagging the S&P 500's gain of 4.59% in that time. Analysts ...

The latest trading session saw Plains All American Pipeline (PAA) ending at $16.20, denoting a -0.61% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%. Heading into today, shares of the oil and gas transportation and storage company had gained 7.59% over the past month, outpacing the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5% in that time. The upcoming earnings rel ...

HOUSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2023 and also announced timing of fourth quarter 2023 earnings. Fourth Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on February 14, 2024 to holders of the respective securities at the close of business on January 31 ...