NASDAQ$PAAPU
Plains All American Pipeline LP · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported strong second-quarter results and raised full-year 2024 Adjusted EBITDA guidance.
Plains All American Pipeline, L.P. reported strong second-quarter 2024 results, exceeding expectations in both the Crude Oil and NGL segments. The company is increasing its annual EBITDA guidance for 2024.
- Reported net income attributable to PAA of $250 million and net cash provided by operating activities of $653 million.
- Delivered Adjusted EBITDA attributable to PAA of $674 million.
- Generated Adjusted Free Cash Flow of $421 million (excluding changes in Assets & Liabilities; including bolt-on acquisition capital).
- Successfully priced public offering of $650 million of unsecured senior notes at 5.7% due 2034.
Headline financials
Revenue & EPS history
Plains All American · Revenue · Quarterly
$12.9B
Forward guidance
Raising the mid-point of guidance for full-year 2024 Adjusted EBITDA attributable to PAA by $75 million to a new range of $2.725 - $2.775 billion. Reiterating full-year 2024 Adjusted Free Cash Flow guidance of $1.55 billion (excluding changes in Assets & Liabilities; including bolt-on acquisition capital)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q2 2024
-1.1%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+3.6%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+6.2%
Q1 2016
Best reaction
-22.4%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | -1.0% | +2.3% | |
| Q4 2025 | +0.0% | -0.8% | +10.9% | |
| Q3 2025 | -0.5% | +1.5% | +8.1% | |
| Q2 2025 | -0.1% | -0.4% | -3.6% | |
| Q1 2025 | -2.9% | +2.8% | +2.8% | |
| Q4 2024 | -3.0% | -3.2% | -3.2% | |
| Q3 2024 | -2.6% | -4.9% | +2.1% | |
| Q2 2024 | -5.6% | -4.1% | -0.4% | |
| Q1 2024 | +2.2% | +2.6% | -1.3% | |
| Q4 2023 | +2.7% | +1.9% | +8.9% | |
| Q3 2023 | -0.3% | -3.8% | -0.1% | |
| Q2 2023 | +2.4% | +2.2% | +5.0% | |
| Q1 2023 | +3.3% | +3.4% | +9.7% | |
| Q4 2022 | -0.6% | +2.0% | +1.5% | |
| Q3 2022 | +1.6% | +2.9% | +0.1% | |
| Q2 2022 | +1.3% | +2.2% | +8.9% | |
| Q1 2022 | +2.0% | -3.1% | +10.4% | |
| Q4 2021 | -9.4% | — | — | |
| Q3 2021 | -0.5% | — | — | |
| Q2 2021 | -2.2% | — | — | |
| Q1 2021 | -1.0% | — | — | |
| Q4 2020 | -9.5% | — | — | |
| Q3 2020 | +5.1% | — | — | |
| Q2 2020 | -2.7% | — | — | |
| Q1 2020 | -7.0% | — | — | |
| Q4 2019 | +2.5% | — | — | |
| Q3 2019 | -1.8% | — | — | |
| Q2 2019 | -0.7% | — | — | |
| Q1 2019 | +1.6% | — | — | |
| Q4 2018 | +0.8% | — | — | |
| Q3 2018 | +1.5% | — | — | |
| Q2 2018 | +3.4% | — | — | |
| Q1 2018 | -0.6% | — | — | |
| Q4 2017 | +5.5% | — | — | |
| Q3 2017 | +6.1% | — | — | |
| Q2 2017 | -20.7% | — | — | |
| Q1 2017 | -5.1% | — | — | |
| Q4 2016 | -2.7% | — | — | |
| Q3 2016 | -5.5% | — | — | |
| Q2 2016 | +2.4% | — | — | |
| Q1 2016 | +6.2% | — | — | |
| Q4 2015 | -22.4% | — | — | |
| Q3 2015 | -7.1% | — | — | |
| Q2 2015 | -12.5% | — | — | |
| Q1 2015 | -1.5% | — | — | |
| Q4 2014 | +1.5% | — | — | |
| Q3 2014 | +0.5% | — | — | |
| Q2 2014 | +1.9% | — | — | |
| Q1 2014 | -0.6% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q3 2013 | -1.0% | — | — | |
| Q2 2013 | +1.8% | — | — | |
| Q1 2013 | +0.3% | — | — | |
| Q4 2012 | +0.7% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q1 2012 | -1.9% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q3 2011 | +3.0% | — | — | |
| Q2 2011 | -5.2% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2010 | +2.1% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q1 2010 | +5.8% | — | — |
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