Plains GP reports Q4 net income $312M, Adj. EBITDA $737M; guides 2024 Adj. EBITDA $2.625-2.725B

PLAINS GP HOLDINGS LP

Q4 2023 net income attributable to PAA $312M (+19% YoY); diluted EPS $0.35 GAAP, $0.42 adjusted.
Full-year Adj. EBITDA attributable to PAA $2.711B above guidance; 2024 guidance $2.625-2.725B.
Board approved 19% distribution increase to $1.27/unit annualized, payable from Feb 2024.
2024 expected Adj. FCF (excl. changes in A&L) $1.65B; after distributions ~$500M.
Year-end leverage 3.1x; 2024 capital plan: investment $375M, maintenance $230M net to PAA.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PLAINS GP HOLDINGS LP updated its full-year 2024 guidance (initiated).

Period: full-year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Expect full-year 2024 Adjusted EBITDA attributable to PAA of $2.625 - $2.725 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PLAINS GP HOLDINGS LP reported twelve months ended December 31, 2023 results: net income $1,230 million, EPS $1.40. Guidance reaffirmed.

Period: twelve months ended December 31, 2023
Net income: $1,230 million
EPS: $1.40
Guidance: reaffirmed
Result: reported results

Exact text from the filing

full-year 2023 Net income attributable to PAA of $312 million and $1.23 billion, respectively

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

PLAINS GP HOLDINGS LP filing history →

Source: SEC EDGAR

accession 0001581990-24-000003

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