PAA Intrinsic Stock Value – PLAINS ALL AMERICAN PIPELINE Releases Financial Report for 2nd Quarter of FY2023
August 21, 2023
🌥️Earnings Overview
On August 4 2023, PLAINS ALL AMERICAN PIPELINE ($NASDAQ:PAA) released their financial report for the second quarter of FY2023. Total revenue was USD 11602.0 million, a decrease of 29.1% year-on-year. Net income was USD 293.0 million, a rise of 44.3% from the same quarter in the previous year.
Share Price
The report showed a positive outlook for the company, as stock prices opened at $14.8 and closed at $14.9, up 1.4% from the previous closing price of $14.7. These figures show that despite the current economic climate, PLAINS ALL AMERICAN PIPELINE is still managing to remain profitable and is continuing to pay dividends to its shareholders. The company’s stock price is likely to remain stable in the coming weeks as investors remain confident in its long-term performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PAA. More…
| Total Revenues | Net Income | Net Margin |
| 51.23k | 1.13k | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PAA. More…
| Operations | Investing | Financing |
| 2.91k | -409 | -1.84k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PAA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 26.9k | 13.3k | 14.86 |
Key Ratios Snapshot
Some of the financial key ratios for PAA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.5% | 4.1% | 4.3% |
| FCF Margin | ROE | ROA |
| 5.2% | 13.2% | 5.1% |
Analysis – PAA Intrinsic Stock Value
GoodWhale has analyzed the fundamentals of PLAINS ALL AMERICAN PIPELINE, and we have arrived at an intrinsic value of approximately $13.6 using our proprietary Valuation Line. This means that the current price of $14.9 is a fair price, but it is slightly overvalued by 9.2%. Of course, our calculation is only one of many valuation methods and investors should always do their own due diligence before making any investment decisions. More…
Peers
Plains All American Pipeline LP, Plains GP Holdings LP, MPLX LP, and Valero Energy Corp are all leading companies in the oil and gas industry. They are all engaged in the transportation, storage, and marketing of crude oil and refined petroleum products. These companies have a significant impact on the global energy market.
– Plains GP Holdings LP ($NASDAQ:PAGP)
Plains GP Holdings LP is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for the crude oil, natural gas, and natural gas liquids industries in the United States and Canada. The company’s market cap is $2.37B as of 2022 and its ROE is 79.65%. The company is headquartered in Houston, Texas.
– MPLX LP ($NYSE:MPLX)
MPLX LP is a publicly traded master limited partnership that owns and operates a diversified portfolio of midstream energy assets. The company’s assets include crude oil and refined products pipelines, storage facilities, and terminals. MPLX LP is headquartered in Findlay, Ohio.
MPLX LP has a market cap of $32.72 billion as of 2022. The company has a return on equity of 20.4%. MPLX LP’s assets include crude oil and refined products pipelines, storage facilities, and terminals. The company is headquartered in Findlay, Ohio.
– Valero Energy Corp ($NYSE:VLO)
Valero Energy Corp is a publicly traded company with a market capitalization of $49.03 billion as of 2022. The company is engaged in the business of refining and marketing petroleum products and related services. Valero Energy Corp has a return on equity of 30.7%.
Summary
PLAINS ALL AMERICAN PIPELINE’s second quarter of FY2023 financial report showed a decrease in total revenue of 29.1% year-over-year, yet an increase in net income of 44.3%. Investors should analyze the company’s performance to understand the sources of revenue and cost of operations, as well as profit margins. It is important to consider the impact of external factors such as the economy, competitors, and industry trends that may affect the company’s financials.
Analyzing the company’s balance sheet and cash flows can provide further insight into the company’s financial health. Investors should also assess management’s capability to adjust to market conditions and prepare for future growth.
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