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Last $34.93 USD
Change Today +0.11 / 0.32%
Volume 1.5M
As of 6:40 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

plains all amer pipeline lp (PAA) Snapshot

Open
$35.09
Previous Close
$34.82
Day High
$35.71
Day Low
$34.13
52 Week High
09/9/14 - $61.09
52 Week Low
08/24/15 - $30.06
Market Cap
13.9B
Average Volume 10 Days
2.3M
EPS TTM
$1.41
Shares Outstanding
397.7M
EX-Date
07/29/15
P/E TM
24.7x
Dividend
$2.78
Dividend Yield
7.77%
Current Stock Chart for PLAINS ALL AMER PIPELINE LP (PAA)

plains all amer pipeline lp (PAA) Details

Plains All American Pipeline, L.P., through with its subsidiaries, engages in the transportation, storage, terminalling, and marketing of 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, 2014, this segment owned and leased 17,800 miles of active crude oil, and NGL and gathering systems; 29 million barrels of active and above-ground tank capacity; 800 trailers; 149 transport and storage barges; and 72 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. This segment owned and operated approximately 73 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; 29 billion cubic feet of base gas; 11 natural gas processing plants; 1 condensate processing facility; 7 fractionation plants; 26 crude oil and NGL rail terminals; 6 marine facilities; and 1,100 miles of active pipelines. The Supply and Logistics segment purchases crude oil at the wellhead, pipeline, and terminal and rail facilities; purchases cargos at their load port and various locations in transit; purchases NGL; stores inventory, and NGL and natural gas; resells or exchanges crude oil and NGL; transports crude oil and NGL on trucks, barges, railcars, pipelines, and ocean-going vessels; and purchases and sells natural gas. This segment owned 990 trucks and 1,100 trailers; and 8,100 crude oil and NGL railcars. Plains All American Pipeline, L.P. was founded in 1998 and is headquartered in Houston, Texas.

5,300 Employees
Last Reported Date: 02/25/15
Founded in 1998

plains all amer pipeline lp (PAA) Top Compensated Officers

Chairman of Plains All American GP LLC and Ch...
Total Annual Compensation: $4.3M
President of Plains All American GP LLC and C...
Total Annual Compensation: $4.1M
Chief Financial Officer of Plains All America...
Total Annual Compensation: $1.9M
President of Plains Midstream Canada ULC - Pl...
Total Annual Compensation: $3.5M
Executive Vice President of Commercial Activi...
Total Annual Compensation: $4.4M
Compensation as of Fiscal Year 2014.

plains all amer pipeline lp (PAA) Key Developments

Plains All American Pipeline Seeks Acquisitions

Plains All American Pipeline, L.P. (NYSE:PAA) reported that it has completed an underwritten public offering of $1.0 billion aggregate principal amount of 4.65% senior unsecured notes due October 15, 2025, at a public offering price of 99.846% of the face amount of the notes with a yield to maturity of 4.668%. The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial paper program and for general partnership purposes. Amounts repaid under the Partnership's commercial paper program may be reborrowed, as necessary, to fund its ongoing expansion capital program or future acquisitions and investments, or for general partnership purposes.

Plains All American Seeks Acquisitions

Plains All American Pipeline, L.P. (NYSE:PAA) has commenced a public offering of senior notes. According to a company release, it intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial paper program and for general partnership purposes. Amounts repaid under the Partnership's commercial paper program may be reborrowed, as necessary, to fund its ongoing expansion capital program or future acquisitions and investments, or for general partnership purposes.

Bernstein Litowitz Berger &Grossmann LLP Files Securities Class Action against Plains All American Pipeline, L.P. and Plains GP Holdings, L.P

Bernstein Litowitz Berger &Grossmann LLP announced that it has filed a securities class action on behalf of the Jacksonville Police and Fire Pension Fund alleging claims under Section 10(b) and 20(a) under the Securities Exchange Act of 1934 on behalf of investors in the Common Units of Plains All American Pipeline, L.P. between February 27, 2013 and August 4, 2015, inclusive, and the Class A Shares of Plains GP Holdings, L.P. between October 16, 2013 and August 4, 2015, inclusive. The Complaint also alleges claims under Sections 11, 12 and 15 of the Securities Act of 1933 on behalf of all persons who purchased or otherwise acquired Plains Holdings Class A Shares pursuant and/or traceable to Plains Holdings' initial public offering conducted on or about October 16, 2013, as well as a registered public offering of Plains Holdings Class A Shares conducted on or about November 10, 2014. The action is captioned Jacksonville Police and Fire Pension Fund v. Plains All American Pipeline, L.P., No. 2:15-cv-06210 (C.D. Cal.). The Complaint alleges that during the Class Period, Plains, Plains Holdings and certain of its senior executives violated provisions of the Exchange Act by issuing false and misleading statements concerning the Company's pipeline monitoring, maintenance and spill response measures, as well as its compliance with federal regulations governing its pipeline operations. Among other things, Plains told investors and regulators that it was in compliance with regulations governing its pipeline operations, and that its Line 901 pipeline and operations off the coast of Santa Barbara, California were "state of the art" and therefore a spill was "extremely unlikely." The complaint also seeks remedies under the Securities Act against Plains Holdings, certain of its senior officers and directors, and certain underwriters of the IPO and November 2014 Offering for material misstatements and omissions contained in materials issued in connection with the Offerings.

 

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Industry Analysis

PAA

Industry Average

Valuation PAA Industry Range
Price/Earnings 23.9x
Price/Sales 0.4x
Price/Book 1.7x
Price/Cash Flow 14.3x
TEV/Sales 0.1x
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