Plains GP Q2 net income $250M, raises FY 2024 EBITDA guidance to $2.75B midpoint

PLAINS GP HOLDINGS LP

Net income $250M ($0.26 diluted EPS), down 15% YoY from $293M ($0.32).
Adjusted EBITDA attributable to PAA $674M (+13% YoY); FY 2024 guidance raised to $2.725-2.775B.
Dividend declared $0.3175/unit, up 19% YoY from $0.2675.
Priced $650M unsecured senior notes at 5.7% due 2034.
Adjusted Free Cash Flow $421M (excl. A&L changes, incl. bolt-on acquisition capital).

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