Pipeline company to pay more than $60 million for 2015 oil spill near Santa Barbara [Los Angeles Times (CA)]
Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests (PAA)
Last plains all american pipeline, l.p. - common units representing limited partner interests earnings: 2/4 04:16 pm
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Source: Los Angeles Times
A pipeline company has agreed to pay more than $60 million, and change its operations, to settle litigation arising from an oil spill that gushed from one of its lines in 2015, north of Refugio State Beach near Santa Barbara, the U.S. Department of Justice said Friday. The spill dumped roughly 2,934 barrel of crude oil along the Gaviota coast and killed or coated a large number of sea birds and marine mammals, hundreds of which washed ashore in the weeks after the spill. According to a DOJ news release, the Plains Pipeline spill was caused by the Texas company’s failure to address external corrosion and have proper procedures place in its control room. In addition, the environmental damage was “further exacerbated by Plains’ failure to respond properly to the release,” the DOJ said. Under the settlement, Plains All American Pipeline L.P. and Plains Pipeline L.P. has agreed to modify its operations to prevent further spills, and pay $24 million in penalties; $22.325 million in natural
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News
- Plains All American Pipeline, L.P. (NYSE: PAA) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Plains All American Pipeline, L.P. (NYSE: PAA) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Plains All American Pipeline, L.P. (NYSE: PAA) had its price target raised by analysts at Stifel Nicolaus from $18.00 to $22.00. They now have a "buy" rating on the stock.MarketBeat
- Plains All American Pipeline, L.P. (NYSE: PAA) had its price target raised by analysts at UBS Group AG from $21.00 to $22.00. They now have a "buy" rating on the stock.MarketBeat
- Plains All American Pipeline, L.P. (NYSE: PAA) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $14.50 to $16.00. They now have a "sell" rating on the stock.MarketBeat
PAA
Earnings
- 2/9/24 - Beat
PAA
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEF
- 2/29/24 - Form 10-K
- PAA's page on the SEC website