PLAINS ALL AMERICAN PIPELINE Reports Fourth Quarter FY2022 Earnings on February 8 2023
March 9, 2023
Earnings Overview
On February 8th 2023, PLAINS ALL AMERICAN PIPELINE ($NASDAQ:PAA) reported their fiscal fourth quarter earnings for FY2022 with total revenue of USD 263.0 million representing a decrease of 41.6% from the same quarter of the previous year. Net income remained the same year over year at USD 12952.0 million.
Transcripts Simplified
PLAINS ALL AMERICAN PIPELINE reported fourth quarter adjusted EBITDA of $659 million and full year adjusted EBITDA of $2.51 billion. For 2023, the company expects adjusted EBITDA of $2.45 billion to $2.55 billion.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PAA. More…
| Total Revenues | Net Income | Net Margin |
| 57.34k | 831 | 1.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PAA. More…
| Operations | Investing | Financing |
| 2.71k | 386 | -1.98k |
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 |
| 27.89k | 14.57k | 14.24 |
Key Ratios Snapshot
Some of the financial key ratios for PAA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.4% | -8.2% | 3.2% |
| FCF Margin | ROE | ROA |
| 4.0% | 11.4% | 4.1% |
Price History
The stock opened at $12.6 and closed at $12.7, representing a 1.0% increase from its previous closing price of $12.6 the day before. This was PLAINS ALL AMERICAN PIPELINE’s first earnings report since their acquisition of the Navarro Basin Pipeline in April of 2023. The report provides investors with insight into the performance of PLAINS ALL AMERICAN PIPELINE over the course of FY2022. Analysts are expecting strong growth in the company’s revenue and net income as a result of their increased presence in the midstream sector of the energy industry.
Additionally, investors will be looking to see how the company’s new pipeline projects have impacted their overall financials. Overall, this marks an important milestone for PLAINS ALL AMERICAN PIPELINE as they continue to expand their operations and further solidify their position in the energy market. Investors will be closely monitoring the company’s results and future outlooks to assess their long-term potential. Live Quote…
Analysis
As part of our analysis of PLAINS ALL AMERICAN PIPELINE’s financials, our Star Chart gave them strong scores for dividend, and medium scores for asset, growth and profitability. Their overall health score is 8 out of 10, indicating that they are in a very strong position with regard to their cashflows and debt, and are capable of paying off their debt and funding future operations. We classify PLAINS ALL AMERICAN PIPELINE as a ‘cheetah’, which means that the company has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This may be of particular interest to investors looking for companies with high growth potential but with some associated risk. More…
Peers
Plains All American Pipeline LP, Plains GP Holdings LP, MPLX LP, and Valero Energy Corp are all leading companies in the oil and gas industry. They are all engaged in the transportation, storage, and marketing of crude oil and refined petroleum products. These companies have a significant impact on the global energy market.
– Plains GP Holdings LP ($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 fourth quarter of FY2022 saw a 41.6% decline in total revenue from the same quarter of the previous year, but their net income remained unchanged at USD 12952 million. Investors may be discouraged by this result, as the decrease in revenue does not bode well for future earnings prospects. However, investors should take into consideration that the industry as a whole is likely facing similar economic pressures and that Plains All American Pipeline’s decision-making has likely been mitigating. Additionally, the company’s ability to maintain their net income despite this decline in revenue is a sign of their financial strength and suggests that Plains All American Pipeline is a good investment opportunity in the long-term.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
