PAA Q4 adj. EBITDA $659M beats; FY 2022 net income $1.04B; 2023 guidance $2.45-2.55B adj. EBITDA

PLAINS ALL AMERICAN PIPELINE LP

Q4 net income $263M ($0.30 diluted EPS); adjusted net income $286M ($0.33 diluted adj. EPS).
Full-year 2022 adj. EBITDA attributable to PAA $2.51B, up 14% YoY; FCF $1.61B.
Increased annualized distribution by $0.20 to $1.07/unit; repurchased $74M of common units in 2022.
2023 guidance: adj. EBITDA $2.45-2.55B, year-end leverage ~3.5x, investment capex $325M, maintenance capex $195M.
CEO cites strong execution, Permian asset positioning, and focus on shareholder returns via distribution growth and accretive investments.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PLAINS ALL AMERICAN PIPELINE LP reported fourth-quarter and full-year 2022 results: net income $263 million and $1.04 billion, respectively.

Period: fourth-quarter and full-year 2022
Net income: $263 million and $1.04 billion, respectively
Result: reported results

Exact text from the filing

Plains All American Reports Fourth-Quarter and Full-Year 2022 Results

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

PLAINS ALL AMERICAN PIPELINE LP filing history →

Source: SEC EDGAR

accession 0001070423-23-000003

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