Description

Plains GP Holdings: Strategic Capital Allocation & Bolt-On Acquisitions As A Strategic Growth Enabler! 

Plains All American Pipeline, L.P. (PAGP) provided insights into its financial and operational performance in the third quarter of 2024. The company reported a robust operational quarter, with expectations to hit the upper range of its adjusted EBITDA guidance for the year, between $2.725 billion and $2.775 billion. This positive outlook is fueled by strong performance across several key areas. Key positives from the results include healthy volume growth in the Permian Basin despite a lower[1]than-expected horizontal rig count. This is attributed to increased efficiencies in production, demonstrating a competent management of assets in a challenging environment. Likewise, the NGL business segment is poised for future growth, with the Fort Saskatchewan Fractionation expansion project on track. Additionally, PAGP has been active in bolstering its portfolio through strategic bolt-on acquisitions, such as the recent purchase of the Fivestones Permian gathering system.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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