Last $48.84 USD
Change Today -0.96 / -1.93%
Volume 1.0M
PAA On Other Exchanges
Symbol
Exchange
New York
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As of 3:40 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

plains all amer pipeline lp (PAA) Snapshot

Open
$49.81
Previous Close
$49.80
Day High
$50.12
Day Low
$48.10
52 Week High
09/9/14 - $61.09
52 Week Low
12/16/14 - $43.61
Market Cap
18.2B
Average Volume 10 Days
1.5M
EPS TTM
$2.27
Shares Outstanding
372.0M
EX-Date
01/28/15
P/E TM
21.5x
Dividend
$2.70
Dividend Yield
5.34%
Current Stock Chart for PLAINS ALL AMER PIPELINE LP (PAA)

plains all amer pipeline lp (PAA) Details

Plains All American Pipeline, L.P., together with its subsidiaries, is engaged in transporting, storing, terminalling, and marketing crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges. As of December 31, 2013, this segment owned and leased 16,900 miles of active crude oil, and NGL and gathering systems; 24 million barrels of active and above-ground tank capacity; 744 trailers; and 130 transport and storage barges, as well as 62 transport tugs. The Facilities segment provides storage, terminalling, and throughput services for crude oil, refined products, and NGL and natural gas; and NGL fractionation and isomerization, and natural gas and condensate processing services. As of December 31, 2013, this segment owned and operated approximately 74 million barrels of crude oil and refined products storage capacity; 23 million barrels of NGL storage capacity; 97 billion cubic feet of natural gas storage working capacity; 17 billion cubic feet of base gas; 11 natural gas processing plants; 1 condensate stabilization facility; 7 fractionation plants; 24 crude oil and NGL rail terminals; and 1,250 miles of active pipelines. The Supply and Logistics segment purchases crude oil at the wellhead, pipeline, and terminal and rail facilities; cargos at their load port and various other locations in transit; NGL from producers, refiners, processors, and other marketers. This segment also stores inventory and NGL; resells or exchanges crude oil and NGL; and transports crude oil and NGL on trucks, barges, railcars, pipelines, and ocean-going vessels. As of December 31, 2013, this segment owned 843 trucks and 982 trailers, and 7,400 crude oil and NGL railcars. The company was founded in 1998 and is headquartered in Houston, Texas.

4,900 Employees
Last Reported Date: 02/28/14
Founded in 1998

plains all amer pipeline lp (PAA) Top Compensated Officers

Chairman of Plains All American GP LLC and Ch...
Total Annual Compensation: $4.8M
President of Plains All American GP LLC and C...
Total Annual Compensation: $4.6M
Chief Financial Officer of Plains All America...
Total Annual Compensation: $2.1M
President of Plains Midstream Canada of Plain...
Total Annual Compensation: $4.2M
Compensation as of Fiscal Year 2013.

plains all amer pipeline lp (PAA) Key Developments

Sandell Asset Management In Talks to Sell SemGroup Corporation

Sandell Asset Management Corp. released a letter to the Board of Directors of the Company requesting that the Board review strategic alternatives including the exploration of the sale of SemGroup Corporation. Tom Sandell, Chief Executive Officer of Sandell, said, “Although we believe management and the Board of SemGroup have been respectable stewards of the Company over the past few years, we simply believe that in this environment the best outcome for shareholders is for the Company to sell itself. As long time investors in the North American energy infrastructure industry and SEMG’s shares, we firmly believe there are a number of potential acquirers for the entire company at significant premiums to current trading levels given its highly valued asset base and pipeline of exciting growth opportunities.” Basket of potential acquirers includes Magellan Midstream Partners LP (NYSE:MMP), Plains All American Pipeline, L.P. (NYSE:PAA), Spectra Energy Corp. (NYSE:SE), Enterprise Products Partners L.P. (NYSE:EPD), Kinder Morgan Financial Corp. and SemGroup Corporation (NYSE:SEMG).

Plains All American Pipeline, L.P. Enters into a New $1.0 Billion 364-Day Credit Facility

Plains All American Pipeline, L.P. announced that it has entered into a new $1.0 billion 364-day credit facility to provide additional liquidity. The facility closed on January 16, 2015, and pursuant to its terms, Plains All American has up to 364 days to draw on the facility and repay any loans thereunder. This facility increased the Partnership's committed liquidity on a pro forma basis from approximately $2.6 billion to $3.6 billion as of December 31, 2014. Bank of America, N.A. served as Administrative Agent. Merrill Lynch, Pierce, Fenner & Smith served as a Joint Lead Arranger, and was joined by Citigroup Global Markets Inc.; DNB Markets Inc.; J.P. Morgan Securities LLC; Mizuho Bank Ltd.; and Wells Fargo Securities, LLC as Joint Lead Arrangers.

Plains All American Pipeline, L.P. Announces Quarterly Cash Distributions for the Fourth Quarter of 2014, Payable on February 13, 2015

Plains All American Pipeline, L.P. announced their quarterly cash distributions with respect to the fourth quarter of 2014. The distributions will be payable on February 13, 2015 to holders of record of each security at the close of business on January 30, 2015. PAA increased its quarterly cash distribution to $0.675 per limited partner unit ($2.70 per unit on an annualized basis), an increase of 2.3% over the quarterly distribution of $0.66 per unit ($2.64 per unit on an annualized basis) paid in November 2014.

 

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Industry Analysis

PAA

Industry Average

Valuation PAA Industry Range
Price/Earnings 21.8x
Price/Sales 0.4x
Price/Book 2.4x
Price/Cash Flow 15.2x
TEV/Sales 0.2x
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