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Stock impact report

A Meaningful Discussion About Plains All American Pipeline's Solid Earnings [Seeking Alpha]

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 Check Earnings Report
US:NYSE Investor Relations: plainsallamerican.com/investor-relations
Company Research Source: Seeking Alpha
Management unexpectedly raised the distribution by $0.20 instead of the expected $0.15. Leverage dropped to 3.4 within the lowered target range of 3.25-3.75. Plains All American Pipeline ( NASDAQ: PAA ) announced the day before earnings an intention to raise the quarterly distribution by $0.05 instead of the $0.038 it had signaled in past calls. At earnings, the company announced completing two bolt-on acquisitions during the September quarter adding to the cash flow. In past articles , the focus had been on cash flows. With this one, we continue in that direction. The company's business is solid and growing modestly, both organically and through acquisitions. In Plains All American Pipeline's Improved Cash Generation Continued , But May Be At Risk, we highlighted risks in the Permian Basin. The risks played out negatively as forecasted during the last two quarters, yet EBITDA grew in spite. Building solid structures with solid walls is still essential for safety and reward. So, Show less Read more
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