Type
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Public |
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Traded as | NYSE: PAA |
Industry | Oil and gas industry |
Founded | 1998 (1998) |
Headquarters | Houston, Texas, United States |
Key people
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Greg L. Armstrong (Chairman and CEO) |
Revenue |
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Operating income
|
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Net income
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Total assets |
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Parent | Plains GP Holdings |
Website | paalp.com |
Plains All American Pipeline (NYSE: PAA) is a publicly traded Master limited partnership in the oil pipeline transportation, marketing, and storage business in the United States, liquefied petroleum gas business in Canada, and natural gas storage business in Michigan and Louisiana. It owns about 37 million barrels (5,900,000 m³) of terminal and storage capacity and 15,000 miles (25,000 km) of crude oil pipelines.
Its parent company, Plains GP Holdings, L.P. NYSE: PAGP was formed as a holding company in 2013 to own and manage Plains American Pipeline. In 2014, Plains GP ranked 70 on the Fortune 500.
The company itself is headquartered in Three Allen Center in Downtown Houston, Texas; was traded in 1993; and grew through investment, originally in the Cushing Terminal in Cushing, Oklahoma and mostly acquisition, aimed at improving the transmission of oil to the Midwest. Plains Midstream Canada, an indirect subsidiary of Plains All American Pipeline, does business in 5 provinces in Canada and more than 40 U.S. states.
Major acquisitions include:
According to the EPA and U.S. Justice Department, Plains All-American Pipeline has had 11 serious crude oil spills in five states that included: Texas, Louisiana, Oklahoma, Kansas, and California. Between June 2004 and September 2007, more than 273,000 gallons of crude oil were discharged from various pipelines owned by Plains All-American Pipeline. According to the EPA, some of that oil ended up in rivers, lakes, and oceans. In 2010, the company reached a settlement with the EPA for a $3.25 million civil penalty for violating the Clean Water Act. The company also agreed to spend $41 million to upgrade more than 10,000 miles of crude oil pipelines.
One of the largest land-based oil spills in North America, the Little Buffalo oil spill occurred on April 29, 2011. The Rainbow Pipeline system, owned by Plains Midstream Canada, ruptured, spilling 28,000 barrels of oil in a fairly isolated stretch of boreal forest in northern Alberta, about four miles from the nearest homes in Little Buffalo, Alberta. It was reported to be the largest oil spill in Alberta in 36 years. It was also the second spill in Alberta within a two-week period that year. The local school was closed following the oil spill due to concerns about the effects of fumes.
Heavy rains in early June 2012 caused a leak on a Plains Midstream Canada 46-year-old pipeline at Jackson Creek, a tributary of the Red Deer River (Alberta) which spilled approximately 1,000-3,000 barrels (160,000-475,000 litres) of light sour crude into the Red Deer River.
In 2013, Alberta's Energy Resource Conservation Board (ERCB) issued a reprimand to Plains Mainstream for operational failures in connection with the oil spill. Plains Midstream Canada ULC was charged with three counts of violating environmental protection laws with possible fines of $1.5M if found guilty.
On May 19, 2015, a pipeline operated by Plains All American Pipeline ruptured north-west of Santa Barbara, California,. Within 24 hours, oil had polluted approximately nine miles of the Santa Barbara coast . The spill shut down the popular El Capitan Beach and Campground just prior to the beginning of the summer high season (Memorial Day weekend). Most recent estimates of the spill have risen to over 105,000 U.S. gallons (2,500 barrels). More than 20,000 U.S. gallons (480 barrels) of crude oil is estimated to have spilled into the ocean. The United States House Committee on Energy and Commerce opened an investigation into the oil spill on June 25, 2015 to gather information on maintenance of the line; corrosion management; and process of incident-reporting. According to federal regulations, companies are required to National Response Center and report the release of hazardous-material "at the earliest practicable moment." According to preliminary findings of the federal Pipeline and Hazardous Materials Safety Administration released in June, corrosion had worn a pipeline section to less than an inch thick. California Governor's Office of Emergency Services (CalOES) director Mark S. Ghilarducci testified at the state legislative hearing on June 25 that it appeared that Plains All American did not meet criteria for prompt notification. By June 2015 the cost of cleanup rose to USD$92 million. Santa Barbara County firefighters were among the first to discover the spill on May 18, 2015 and they "built a rim of rocks to prevent oil from running to the shoreline." The Coast Guard received the first call about the spill at 12:39 p.m. on May 18, 2015. The United States Environmental Protection Agency (EPA) and the U.S. Coast Guard formed the Unified Command to respond to the spill.
According to the California Department of Fish and Wildlife's Office of Spill Prevention and Response, OSPR crews were among the first responders of the crude oil spill. By June 22, 2015 they reported that,
"Of the estimated 101,000 gallons of crude discharged into the environment, some 21,000 gallons reached the Pacific Ocean. A Unified Command including OSPR leadership was established in Santa Barbara to coordinate cleanup and recovery operations. As of June 22, operations continue with the focus shifting from cleanup to environmental restoration.
OSPR uses social media including Twitter and Facebook via calspillwatch to report updates on oil spills.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-11-02 | Future report Set alerts | |
Q2 2022 | 2022-08-03 | 0.30 | 0.30 |
Q1 2022 | 2022-05-04 | 0.31 | 0.31 |
Q4 2021 | 2022-02-09 | 0.25 | 0.25 |
Q3 2021 | 2021-11-02 | 0.22 | 0.22 |
Q2 2021 | 2021-08-03 | 0.23 | 0.23 |
Q1 2021 | 2021-05-04 | 0.51 | 0.51 |
Q4 2020 | 2021-02-09 | -0.11 | -0.11 |
Q3 2020 | 2020-11-02 | 0.00 | 0.00 |
Q2 2020 | 2020-08-04 | 0.13 | 0.13 |
2016-06-14 | Initiated Coverage | SunTrust | Neutral | $30.00 |
2016-06-14 | Initiated Coverage | SunTrust Banks Inc. | Neutral | $30.00 |
2016-05-31 | Boost Price Target | RBC Capital | Sector Perform | $20.00 to $22.00 |
2016-05-31 | Boost Price Target | Royal Bank Of Canada | Sector Perform | $20.00 to $22.00 |
2016-05-29 | Reiterated Rating | JPMorgan Chase & Co. | Hold | |
2016-05-27 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $27.00 to $26.00 |
2016-05-26 | Reiterated Rating | Credit Suisse | Neutral | $26.00 |
2016-05-26 | Boost Price Target | Morgan Stanley | Equal Weight | $24.00 to $26.00 |
2016-05-26 | Reiterated Rating | Credit Suisse Group AG | Neutral | $26.00 |
2016-05-19 | Reiterated Rating | Goldman Sachs | Sell | $17.00 |
2016-05-19 | Reiterated Rating | Goldman Sachs Group Inc. | Sell | $17.00 |
2016-05-13 | Reiterated Rating | Credit Suisse | Neutral | |
2016-04-28 | Reiterated Rating | RBC Capital | Sector Perform | $19.00 to $20.00 |
2016-04-19 | Initiated Coverage | BMO Capital Markets | Market Perform | $25.00 |
2016-04-13 | Initiated Coverage | Barclays | Equal Weight | $23.00 |
2016-04-13 | Initiated Coverage | Barclays PLC | Equal Weight | $23.00 |
2016-04-08 | Lower Price Target | Wunderlich | Hold | $22.00 to $20.00 |
2016-04-01 | Initiated Coverage | Simmons | Neutral | $26.00 |
2016-04-01 | Initiated Coverage | Piper Jaffray | Neutral | |
2016-04-01 | Initiated Coverage | Piper Jaffray Cos. | Neutral | |
2016-03-22 | Lower Price Target | Jefferies Group | Buy | $32.00 to $28.00 |
2016-02-11 | Lower Price Target | Barclays | Equal Weight | $25.00 to $23.00 |
2016-02-11 | Reiterated Rating | RBC Capital | Sector Perform | $23.00 to $19.00 |
2016-02-10 | Lower Price Target | Credit Suisse | Neutral | $33.00 to $19.00 |
2016-02-09 | Downgrade | Bank of America | Buy to Neutral | $25.00 to $20.00 |
2016-02-09 | Downgrade | Bank of America Corp. | Buy to Neutral | $25.00 to $20.00 |
2016-02-08 | Downgrade | Robert W. Baird | Outperform to Underperform | $25.00 to $16.00 |
2016-01-20 | Upgrade | Morgan Stanley | Equal Weight to Overweight | |
2016-01-15 | Downgrade | RBC Capital | Outperform to Sector Perform | $36.00 to $23.00 |
2016-01-13 | Reiterated Rating | Oppenheimer | Market Perform | |
2016-01-13 | Downgrade | Capital One Financial Corp. | Overweight to Equal Weight | |
2016-01-13 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $43.00 to $28.00 |
2016-01-13 | Reiterated Rating | Oppenheimer Holdings Inc. | Market Perform | |
2016-01-11 | Downgrade | Barclays | Overweight to Equal Weight | $39.00 to $25.00 |
2016-01-04 | Downgrade | Raymond James | Outperform to Market Perform | |
2016-01-04 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | |
2015-12-21 | Lower Price Target | Credit Suisse | $38.00 to $33.00 | |
2015-12-21 | Downgrade | Oppenheimer | Outperform to Market Perform | |
2015-12-18 | Downgrade | Seaport Global Securities | Accumulate to Neutral | |
2015-12-14 | Reiterated Rating | Wunderlich | Hold | $22.00 |
2015-12-10 | Upgrade | Robert W. Baird | Neutral to Outperform | $33.00 to $25.00 |
2015-11-16 | Reiterated Rating | Deutsche Bank | Hold | $35.00 to $28.00 |
2015-11-16 | Lower Price Target | RBC Capital | Outperform | $44.00 to $36.00 |
2015-11-16 | Reiterated Rating | Deutsche Bank AG | Hold | $35.00 to $28.00 |
2015-11-05 | Lower Price Target | Oppenheimer | Outperform | $42.00 to $35.00 |
2015-11-05 | Downgrade | Stifel Nicolaus | Buy to Hold | |
2015-11-05 | Downgrade | Credit Suisse | Outperform to Neutral | $46.00 to $38.00 |
2015-10-20 | Lower Price Target | Deutsche Bank | Hold | $36.00 to $35.00 |
2015-09-16 | Initiated Coverage | Evercore ISI | Hold | $32.00 |
2015-09-11 | Downgrade | Goldman Sachs | Neutral to Sell | $36.00 to $33.00 |
2015-08-24 | Reiterated Rating | Scotiabank | Sector Outperform | $40.00 |
2015-08-24 | Initiated Coverage | Howard Weil | Sector Outperform | $40.00 |
2015-08-20 | Reiterated Rating | Jefferies Group | Buy | $42.00 |
2015-08-07 | Reiterated Rating | Citigroup Inc. | Buy | $55.00 to $40.00 |
2015-08-07 | Lower Price Target | Barclays | Overweight | $58.00 to $46.00 |
2015-08-06 | Lower Price Target | Credit Suisse | Outperform | $57.00 to $49.00 |
2015-08-06 | Downgrade | Deutsche Bank | Buy to Hold | $54.00 to $36.00 |
2015-08-06 | Reiterated Rating | Oppenheimer | Outperform | $42.00 to $49.00 |
2015-08-06 | Reiterated Rating | Stifel Nicolaus | Buy | $56.00 to $40.00 |
2015-08-06 | Downgrade | Goldman Sachs | Buy to Neutral | $58.00 to $36.00 |
2015-08-06 | Lower Price Target | RBC Capital | Outperform | $53.00 to $44.00 |
2015-08-06 | Downgrade | Robert W. Baird | Outperform to Neutral | $53.00 to $41.00 |
2015-08-06 | Downgrade | Wunderlich | Buy to Hold | $56.00 to $37.00 |
2015-06-18 | Lower Price Target | Jefferies Group | Buy | $54.00 |
2015-06-09 | Lower Price Target | RBC Capital | Outperform | $54.00 to $53.00 |
2015-06-08 | Lower Price Target | Raymond James | Outperform | $55.00 to $52.00 |
2015-05-23 | Reiterated Rating | Citigroup Inc. | Buy | $57.00 to $55.00 |
2015-05-19 | Initiated Coverage | Wunderlich | Buy | $60.00 to $56.00 |
2015-05-18 | Initiated Coverage | Deutsche Bank | Buy | $54.00 |
2015-05-12 | Reiterated Rating | Citigroup Inc. | Buy | $57.00 to $55.00 |
2015-05-10 | Reiterated Rating | Raymond James | Outperform | $57.00 to $55.00 |
2015-05-10 | Reiterated Rating | Credit Suisse | Outperform | $65.00 to $66.00 |
2015-05-07 | Lower Price Target | Stifel Nicolaus | Buy | $58.00 to $56.00 |
2015-05-07 | Lower Price Target | Barclays | Overweight | $60.00 to $58.00 |
2015-03-20 | Lower Price Target | Jefferies Group | Buy | $57.00 to $56.00 |
2015-02-09 | Lower Price Target | Barclays | Overweight | $61.00 to $60.00 |
2015-02-09 | Reiterated Rating | Citigroup Inc. | Buy | $66.00 to $57.00 |
2015-01-09 | Upgrade | Jefferies Group | Hold to Buy | $61.00 to $57.00 |
2014-12-19 | Lower Price Target | Barclays | Overweight | $63.00 to $61.00 |
2014-12-04 | Initiated Coverage | Capital One Financial Corp. | Overweight | |
2014-11-07 | Reiterated Rating | RBC Capital | Outperform | $64.00 to $65.00 |
2014-10-02 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $63.00 to $66.00 |
2014-08-22 | Reiterated Rating | Credit Suisse | Outperform | $66.00 |
2014-08-08 | Boost Price Target | Barclays | $62.00 to $63.00 | |
2014-08-08 | Boost Price Target | Credit Suisse | Outperform | $65.00 to $66.00 |
2014-07-23 | Reiterated Rating | Citigroup Inc. | Buy | $60.00 to $66.00 |
2014-07-23 | Boost Price Target | Oppenheimer | Outperform | $65.00 to $67.00 |
2014-06-09 | Boost Price Target | Wunderlich | Buy | $60.00 to $63.00 |
2014-06-03 | Initiated Coverage | Global Hunter Securities | Accumulate | $62.00 |
2014-06-03 | Boost Price Target | Jefferies Group | Hold | $59.00 to $60.00 |
2014-06-03 | Initiated Coverage | Seaport Global Securities | Accumulate | $62.00 |
2014-05-13 | Lower Price Target | Robert W. Baird | $62.00 to $61.00 | |
2014-05-09 | Boost Price Target | Credit Suisse | $62.00 to $65.00 | |
2014-04-17 | Boost Price Target | Jefferies Group | Hold | $58.00 to $59.00 |
2014-03-28 | Boost Price Target | Citigroup Inc. | $59.00 to $60.00 | |
2014-02-10 | Boost Price Target | Ladenburg Thalmann | Buy | $66.00 to $69.00 |
2013-12-23 | Initiated Coverage | Wunderlich | Buy | $60.00 |
2013-12-18 | Initiated Coverage | Citigroup Inc. | Buy | |
2013-12-17 | Downgrade | Deutsche Bank | Buy to Hold | $66.00 to $55.00 |
2013-11-25 | Upgrade | Clarkson Capital | Market Perform to Outperform | |
2013-11-25 | Initiated Coverage | Morgan Stanley | Equal Weight | $58.00 |
2013-11-25 | Initiated Coverage | Bank of America | Buy | $60.00 |
2013-11-25 | Initiated Coverage | Goldman Sachs | Buy | $63.00 |
2013-11-21 | Upgrade | Robert W. Baird | Neutral to Outperform | |
2013-11-06 | Lower Price Target | Credit Suisse | $64.00 to $62.00 | |
2013-10-24 | Initiated Coverage | Jefferies Group | Buy | $26.00 to $52.25 |
2013-06-25 | Upgrade | Ladenburg Thalmann | Neutral to Buy | |
2013-02-07 | Reiterated | Ladenburg Thalmann | Buy | $54.50 to $57 |
2016-06-14 | Initiated Coverage | SunTrust | Neutral | $30.00 |
2016-06-14 | Initiated Coverage | SunTrust Banks Inc. | Neutral | $30.00 |
2016-05-31 | Boost Price Target | RBC Capital | Sector Perform | $20.00 to $22.00 |
2016-05-31 | Boost Price Target | Royal Bank Of Canada | Sector Perform | $20.00 to $22.00 |
2016-05-29 | Reiterated Rating | JPMorgan Chase & Co. | Hold |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In PAA 264 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
ALPS ADVISORS INC | 56.14M |
Harvest Fund Advisors LLC | 34.48M |
Invesco Ltd. | 25.93M |
TORTOISE CAPITAL ADVISORS, L.L.C. | 21.87M |
GOLDMAN SACHS GROUP INC | 15.61M |
Blackstone Group L.P. | 12.77M |
BROOKFIELD INVESTMENT MANAGEMENT INC. | 11.83M |
MORGAN STANLEY | 9.47M |
KAYNE ANDERSON CAPITAL ADVISORS LP | 9.08M |
Mirae Asset Global Investments Co., Ltd. | 8.38M |
UBS Group AG | 7.79M |
BROOKFIELD ASSET MANAGEMENT INC. | 6.92M |
Atlantic Trust Group, LLC | 6.81M |
BANK OF AMERICA CORP /DE/ | 6.69M |
Center Coast Capital Advisors, LP | 6.67M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
PAA GP Holdings LLC | 76.95% (283896859) | PAA / |
Plains All American GP LLC | 7.63% (28155526) | PAA / |
RAYMOND JOHN T | 0.43% (1599616) | NGL / PAA / PAGP / TEP / |
ARMSTRONG GREG L Chairman of the Board & CEO | 0.41% (1522850) | NOV / PAA / PAGP / |
PEFANIS HARRY N President & COO | 0.20% (747532) | PAA / PAGP / |
KRAMER PHIL D Exec. Vice President | 0.11% (392521) | ESTE / PAA / PAGP / PDH / |
SINNOTT ROBERT V | 0.05% (189757) | CRC / PAA / PAGP / |
GORMAN MARK J Sr. VP-Operations & Bus. Devel | 0.05% (174654) | PAA / PAGP / |
McGee Richard K. VP, General Counsel & Sec. | 0.04% (143420) | PAA / PAGP / |
Swanson Al Executive VP & CFO | 0.04% (134332) | PAA / PAGP / |
GOYANES EVERARDO | 0.02% (88400) | PAA / PAGP / |
SYMONDS J TAFT | 0.02% (82225) | PAA / |
Rutherford John R Executive Vice President | 0.02% (72875) | PAA / PAGP / |
PETERSEN GARY R | 0.01% (53200) | EVEP / PAA / |
MOORE TIM Vice President & Corp. Sec. | 0.01% (36990) | PAA / |
Herbold Chris VP-Acctg & Chief Acctg Officer | 0.01% (34227) | PAA / PAGP / |
Temple Chris | 0.01% (31250) | CCO / PAA / PAGP / |