Plains All American Q4 adj EBITDA $659M; 2023 guidance $2.45-2.55B; distribution raised

PLAINS GP HOLDINGS LP

Q4 2022 net income $263M ($0.30/unit); full-year net income $1.04B ($1.19/unit).
Adjusted EBITDA attributable to PAA: Q4 $659M (17% YoY), FY $2.51B (14% YoY).
2023 guidance: Adjusted EBITDA $2.45-2.55B; free cash flow ~$1.6B; year-end leverage ~3.5x.
Increased annualized distribution by $0.20 to $1.07/unit (paid Feb 2023); repurchased $74M units in 2022.
Generated FY 2022 free cash flow $1.61B; repaid $774M debt; year-end leverage 3.7x.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PLAINS GP HOLDINGS LP reported twelve months ended December 31, 2022 results: net income $1,037 million, EPS $1.19. Guidance initiated.

Period: twelve months ended December 31, 2022
Net income: $1,037 million
EPS: $1.19
Guidance: initiated
Result: reported results

Exact text from the filing

Plains All American Reports Fourth-Quarter and Full-Year 2022 Results; Announces 2023 Guidance

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PLAINS GP HOLDINGS LP reported three months ended December 31, 2022 results: net income $263 million, EPS $0.30.

Period: three months ended December 31, 2022
Net income: $263 million
EPS: $0.30
Result: reported results

Exact text from the filing

Plains All American Reports Fourth-Quarter and Full-Year 2022 Results; Announces 2023 Guidance

View on SEC.gov

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

PLAINS GP HOLDINGS LP filing history →

Source: SEC EDGAR

accession 0001581990-23-000002

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