PAA - Plains All American Pipeline, L.P.

NYSE - NYSE Delayed Price. Currency in USD
24.62
-0.02 (-0.08%)
At close: 4:03PM EDT
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Previous Close 24.64
Open 24.69
Bid 20.29 x 800
Ask 24.62 x 1000
Day's Range 24.46 - 24.82
52 Week Range 19.34 - 27.70
Volume 1,301,948
Avg. Volume 1,742,358
Market Cap 17.88B
Beta (3Y Monthly) 1.03
PE Ratio (TTM) 6.98
EPS (TTM) 3.53
Earnings Date Aug 6, 2019
Forward Dividend & Yield 1.44 (5.85%)
Ex-Dividend Date 2019-07-30
1y Target Est 27.95
Trade prices are not sourced from all markets
  • The Battle for Barrels of Oil Flowing From the North Intensifies
    Motley Fool 6 days ago

    The Battle for Barrels of Oil Flowing From the North Intensifies

    Plains All American Pipeline is the latest midstream company working on a solution to improve the flow of oil from northern production basins.

  • Plains All American' Open Season for Western Corridor System
    Zacks 7 days ago

    Plains All American' Open Season for Western Corridor System

    Plains All American (PAA) plans to expand Western Corridor Pipeline System's capacity by an additional 70,000 barrels per day.

  • Business Wire 8 days ago

    Plains All American Announces Open Season on Western Corridor Pipeline System

    An affiliate of Plains All American Pipeline (NYSE: PAA) today announced a binding open season for long-term commitments for light crude oil transportation service on its Western Corridor Pipeline System (the “System”). Prior to participating in the open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation. For a form of confidentiality agreement and additional information regarding the transportation service, please contact Greg Starling at gstarling@paalp.com.

  • Phillips 66 Starts Red Oak Pipeline Supplemental Open Season
    Zacks 8 days ago

    Phillips 66 Starts Red Oak Pipeline Supplemental Open Season

    Phillips 66 (PSX) expects the Red Oak Pipeline project to start operation in the March quarter of 2021.

  • 3 Oil Stocks to Buy, Whatever Oil Prices Do
    InvestorPlace 11 days ago

    3 Oil Stocks to Buy, Whatever Oil Prices Do

    Oil stocks have looked more lively recently. U.S. crude oil is up 25.85% year to date, with West Texas Intermediate (WTI) recently trading around $57.15 a barrel. That comes as the Organization of Petroleum Exporting Countries (plus non-members including Russia) holds one of its regular meetings at its headquarters in Vienna, Austria. It has committed to extending the agreed cutbacks in production of 1.2 million barrels per day (MBPD).And then we have various conflicts in the Middle East, which makes U.S. (particularly Texan) and North American production that much more important to global oil supplies. WTI is also moving in sync with Brent Crude spot prices, which recently traded at $63.27 a barrel, as shown in the graph below:InvestorPlace - Stock Market News, Stock Advice & Trading TipsWTI Spot (CL1) vs Brent Spot (CO1) (Source: Bloomberg)Now, this is really good for oil exploration and production (E&P) companies. But for a more defensive means of investing in oil -- whether it be rallies higher or subsides -- I recommend that we go to the midstream pipelines.Pipelines have less exposure to the ups and downs in the price of oil. However, they do benefit from demand -- the higher the demand, the more oil that flows through the pipes. * 10 Stocks That Should Be Every Young Investor's First Choice I'm seeing further evidence that that's exactly what we should see for a while, given the market conditions. Put 'Er There PartnerNow, the stocks that I'm recommending aren't just common stocks but partnerships as passthrough securities. Passthroughs get their name from how they pass on their dividends to shareholders. Investors get their cut of the majority of the operating profits directly passed through to them in the form of checks or credits in their brokerage accounts. These checks do not get taxed at the company level thanks to Ronald Reagan and his signing of the Tax Reform Act of 1986.With those checks, unit holders also get a cut of all of the tax deductions and credits, including depreciation, depletion and other bits that effectively shields much of the checks from current-year income tax liabilities.This makes these checks even more valuable on an after-tax basis.But there are a couple of drawbacks and one additional benefit.The first drawback is that for each bit of each check that gets a tax benefit, the unitholder's cost basis in the units gets reduced. So, if and when the unit holder sells the units, then they will pay capital gains taxes if the units are priced higher than the adjusted cost basis.And the second drawback is that unit holders need to hold their units in a taxable account and not an IRA. This is also because of the Tax Reform Act of 1986. Because unit holder income isn't taxed regularly like stock in a regular company, the act sets up a particular rule.If tax-shielded investments such as passthroughs are held in an IRA and the net taxable dividends in an account exceeds $1,000 in a specific tax year, then that income would become taxable under the IRS Unrelated Business Taxable Income (UBTI) rules. So, to avoid having non-taxable dividend checks from passthrough units becoming taxable, it's best to have them held in regular taxable accounts.But there is one additional benefit to these oil stocks. If you don't sell your units before your death, then your estate will inherit your units and the cost basis gets reset to the then-current value. That means your beneficiaries will not owe one dime in income taxes on the units. (Of course, there's still the death tax, but that's another matter.) In Oil Stocks, The Pipes are CallingPipeline units are very attractive generators of dividend checks.Passthrough pipeline units were widely sold off after the Tax Cut & Jobs Act (TCJA), as some feared that the attraction of lower general corporate tax rates would draw institutional investors away.But for us individual investors, the tax-shielded dividends remain very attractive because the TCJA did nothing to reverse the great parts of Reagan's 1986 tax deal.Pipeline Partners Pounce! (Source: Bloomberg)Folks are now catching on to this. As a result, the market for pipeline units has been climbing since last December, as you can see in the Alerian Infrastructure Total Return Index above. Oil Stocks to Buy: Plains GP Holdings (PAGP)Right now, if you want to focus on the crude pipes, buy first into units of Plains GP Holdings (NYSE:PAGP).Plains owns general partnership (GP) interests in Plains All American Pipelines (NYSE:PAA), which has oil gathering and storage facilities as well as pipeline and other transportation structures around North America. The transportation unit moves nearly 5 million barrels per day of crude and natural gas liquidsIts customers are a who's who in the oil market, including Marathon Petroleum (NYSE:MPC), ExxonMobil (NYSE:XOM), Phillips 66 (NYSE:PSX) and others.Revenues are up over the past year by some 29.9%, and while operating margins are a little thin at 6.7%, remember that the company moves a lot of petroleum.Plains GP Holdings (PAGP, Source: Bloomberg)The company has little debt compared to its vast assets and pays out the majority of its profits, as it must under tax law, to unit holders. The dividend check payouts yield 5.7%, and all of the unit checks payouts are completely shielded. Oil Stocks to Buy: Magellan Midstream Partners (MMP)The next units to buy into are in Magellan Midstream Partners (NYSE:MMP). Magellan runs a massive network of assets to store, transport and distribute petroleum and related products. These range from crude oil to refined products. It has a network of 12,000 miles of pipe and 50 terminals to gather and transport its contracted liquids. And for storage, it has the ability to store 85 million barrels of petroleum liquids.The company's up- and downstream customers include Shell (NYSE:RDS.A, NYSE:RDS.B), Kinder Morgan (NYSE:KMI) and Marathon Petroleum.It is well structured to transport domestic products as well as to provide marine transport access for imported and exported petroleum -- ever more important with the U.S. now being the largest producing nation on the planet.Revenues are up over the trailing year by 12.7%. And for its crude oil businesses, revenues continue to surge on average by 14.2% over the past three years alone. Operating margins are very high -- particularly for a midstream company -- at 36.5%, which drives an impressive return on shareholder's equity of 56%.It has ample cash on hand and debts are a bit more than some of its peers at 55.1% of assets, but with ample cashflows and margins it's not too big a worry. The quarterly dividend distribution is running at $1.005 for a current yield over 6% and is projected to be raised again this year. The MMP stock dividend has risen for the past five years alone at an average annual rate of 11.47%.Magellan Midstream Partners LP (Source: Bloomberg)It is a bit more expensive, with a price-to-book ratio sitting at 5.6x. But the underlying actual book value is up nicely from last year. And so far for 2019, shareholders have enjoyed a return of 16%. Oil Stocks to Buy: Enterprise Product Partners LP (EPD)And the third units to buy into are in Enterprise Product Partners LP (NYSE:EPD). Enterprise Product Partners is a Limited Partnership, with unit holders having interests in four businesses.The first is the crude oil pipelines, which bring in about 30% of revenue from 5,400 miles of pipe as well as storage facilities and marine terminals and also has an oil market company.At its core is the strategic Seaway Pipeline that connects the U.S. oil hub in Cushing, Oklahoma, with the markets in Texas and beyond.Second is the natural gas liquids business, with processing plants, pipelines and storage facilities. It generates about 45% of revenues for unit holders.Third is the refined products and chemicals business. It processes petroleum chemicals and transports the goods to a host of manufacturers and refiners. It generates about 15% of revenue for unit holders.Fourth are the natural gas pipelines, with 19,000 miles of pipe in the core gas markets of Texas and Louisiana.Enterprise Product Partners LP (Source: Bloomberg)Revenues are up over the past year by 24.9%. And margins are great at 13.5%. Like the other partnerships, debt is low compared to its assets at a level of 46.2%.Units are priced a bit more at 2.6x the net book value of the partnership's assets, and the unit holder's dividend yield sits around 6%.Now that I've presented some of my favorite stocks in the petroleum industry, perhaps you might like to see more of my market research and recommendations for further safe growth and bigger reliable income. For more - look at my Profitable Investing. Click here to learn more.Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post 3 Oil Stocks to Buy, Whatever Oil Prices Do appeared first on InvestorPlace.

  • PR Newswire 11 days ago

    Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index

    DALLAS , July 5, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® MLP High Income Index (the "Index") as part ...

  • Business Wire 13 days ago

    Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of Second-Quarter 2019 Earnings

    Plains All American Pipeline, L.P. and Plains GP Holdings announced they will release second-quarter 2019 earnings after market close on Tuesday, August 6,

  • Business Wire 13 days ago

    Plains All American Pipeline, L.P. and Plains GP Holdings Announce Distributions

    Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced their quarterly distributions with respect to the second quarter of 2019. PAA announced a quarterly cash distribution of $0.36 per common unit ($1.44 per unit on an annualized basis), which is unchanged from the distribution paid in May 2019. PAGP announced a corresponding quarterly cash distribution of $0.36 per Class A share ($1.44 per Class A share on an annualized basis), which is unchanged from the distribution paid in May 2019.

  • PR Newswire 15 days ago

    Saddlehorn Pipeline to Expand and Add New Ft. Laramie Origin, Launches Open Season

    TULSA, Okla. , July 1, 2019 /PRNewswire/ -- Saddlehorn Pipeline Company, LLC ("Saddlehorn") announced today a capital-efficient expansion of the Saddlehorn pipeline and a new Ft. Laramie, Wyoming ...

  • 3 Dividend Stocks I'd Never Buy
    Motley Fool 17 days ago

    3 Dividend Stocks I'd Never Buy

    When you're considering a dividend stock, don't get caught up in the future, because the past can be just as telling.

  • Reuters 20 days ago

    Flint Hills explores sale of Texas crude export terminal

    U.S. oil refiner Flint Hills Resources is exploring the sale of its crude export terminal near Corpus Christi, Texas, and has hired JP Morgan Chase to market the assets, the company said on Wednesday. Flint Hills, a unit of closely held Koch Industries Inc, may sell all the operation or seek a partner for the Ingleside, Texas, terminal. "We want to understand how the market values the asset and whether there is an opportunity to utilize the terminal better than we are today," spokesman Andy Saenz said.

  • Moody's 20 days ago

    CVR Refining, LLC -- Moody's affirms CVR Refining's notes at B1 with stable outlook

    Moody's Investors Service, ("Moody's") affirmed CVR Refining, LLC's (CVR) Ba3 Corporate Family Rating (CFR), Ba3-PD probability of default rating and the B1 rating on its senior unsecured guaranteed notes. The Speculative Grade Liquidity Rating was upgraded to SGL-1 from SGL-2. "The affirmation of CVR's Ba3 Corporate Family Rating reflects its strong management, good operating results and a track record of varying distributions with cash flow," said Elena Nadtotchi, Moody's Senior Credit Officer.

  • Is Magellan Mulling to Sell Stake in Longhorn Pipeline?
    Zacks 20 days ago

    Is Magellan Mulling to Sell Stake in Longhorn Pipeline?

    The divestment of a stake in the Longhorn pipeline could fetch Magellan Midstream Partners (MMP) as much as $2 billion and help the firm to reduce debt.

  • MoneyShow 20 days ago

    Plaehn's Pipeline Picks for Rising Yields

    Next week we start a new quarter; income focused investors can look forward to a new round of dividend announcements and payments, suggests Tim Plaehn, income expert and editor of The Dividend Hunter.

  • 3 Stocks to Play the January Effect
    Investopedia 21 days ago

    3 Stocks to Play the January Effect

    The 2018 January Effect could lift a variety of 2017 underperformers in the energy, REIT and telecommunications sectors.

  • McDermott Outperformed Peers for Second Week in a Row
    Market Realist 29 days ago

    McDermott Outperformed Peers for Second Week in a Row

    Last week, MDR outperformed the energy sector for the second consecutive week. On June 5, MDR announced, “CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas Development.”

  • Outlook for Oil & Gas Pipeline MLP Industry Looks Bright
    Zacks last month

    Outlook for Oil & Gas Pipeline MLP Industry Looks Bright

    Outlook for Oil & Gas Pipeline MLP Industry Looks Bright

  • Is Plains All American Pipeline (PAA) a Great Value Stock Right Now?
    Zacks last month

    Is Plains All American Pipeline (PAA) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Buy These 5 Low Leverage Stocks As Stock Market Gets Lift
    Zacks last month

    Buy These 5 Low Leverage Stocks As Stock Market Gets Lift

    Debt carries the burden of repayment with additional interest in the future. So prudent investors should avoid companies with large debt loads

  • Pipeline projects bringing North Dakota oil to Corpus Christi
    American City Business Journals last month

    Pipeline projects bringing North Dakota oil to Corpus Christi

    A pair of proposed pipelines will give the Port of Corpus Christi access to oil from Oklahoma and North Dakota for the first time. Houston-based Phillips 66 (NYSE: PSX) announced Monday that it plans to build one pipeline to move crude oil from the North Dakota's Bakken Shale oil fields to Cushing, Oklahoma, and one that will move the product from Cushing to Corpus and other ports along the Gulf Coast. Phillips is partnering with Bridger Pipeline LLC to build the Bakken-to-Cushing line and with Plains All American Pipeline (NYSE: PAA) for the Cushing-to-Gulf Coast line.

  • Phillips 66 forms JVs to build 2 billion-dollar pipelines
    American City Business Journals last month

    Phillips 66 forms JVs to build 2 billion-dollar pipelines

    Houston-based Phillips 66 (NYSE: PSX) is moving forward with two previously proposed pipeline projects costing more than $1 billion each and has formed joint ventures to build them.

  • 3 Top Oil Stocks to Buy Right Now
    Motley Fool last month

    3 Top Oil Stocks to Buy Right Now

    Investing in one of these could pay big dividends.

  • Zacks.com featured highlights include: Israel Chemicals, Plains All American Pipeline, Legg Mason, NXP Semiconductors and OFG
    Zacks last month

    Zacks.com featured highlights include: Israel Chemicals, Plains All American Pipeline, Legg Mason, NXP Semiconductors and OFG

    Zacks.com featured highlights include: Israel Chemicals, Plains All American Pipeline, Legg Mason, NXP Semiconductors and OFG

  • Business Wire last month

    Plains All American Announces Investor Day Webcast Details

    Plains All American Pipeline (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced they will webcast their 2019 Investor Day Meeting to be held on the afternoon of Tuesday, June 11, 2019. During the meeting, management will review Plains’ strategic and financial positioning and provide an overview of operational capabilities, key projects and commercial opportunities. Participating in Q&A By Email: If you are participating in the live webcast and would like to submit a question for consideration during the Q&A session, please email your question to InvestorRelations@paalp.com.

  • Why Is Plains All American (PAA) Down 3.9% Since Last Earnings Report?
    Zacks last month

    Why Is Plains All American (PAA) Down 3.9% Since Last Earnings Report?

    Plains All American (PAA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.