BROOKFIELD Corp ON Sells Shares of Plains All American Pipeline, L.P.
December 16, 2023
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BROOKFIELD Corp recently announced that it has sold its shares of Plains All American ($NASDAQ:PAA) Pipeline, L.P. Plains All American Pipeline, L.P. (NYSE: PAA) is an energy infrastructure company that specializes in transportation, storage, and terminalling of crude oil and refined products. The company has a diversified portfolio of midstream energy assets across the United States, Canada, and Mexico. Plains All American Pipeline also provides natural gas marketing services and gathering, processing, transportation, and storage services for natural gas liquids. Plains All American’s stock is listed on the New York Stock Exchange under the ticker symbol PAA.
Market Price
On Tuesday, shares of Plains All American Pipeline, L.P. (PLAINS) opened at $14.8 and closed at $14.6, a decrease of 1.7% from its prior closing price of $14.8. The specific terms of the sale have not yet been disclosed. Despite these changes, Plains All American Pipeline, L.P. remains a leading midstream energy company in North America, providing reliable and safe transportation, storage, and marketing services for crude oil, natural gas liquids, and refined products. 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 |
| 48.97k | 938 | 2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PAA. More…
| Operations | Investing | Financing |
| 2.05k | -679 | -1.73k |
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 |
| 27.73k | 14.18k | 14.67 |
Key Ratios Snapshot
Some of the financial key ratios for PAA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.7% | 0.8% | 3.9% |
| FCF Margin | ROE | ROA |
| 3.9% | 11.5% | 4.3% |
Analysis
GoodWhale’s analysis of PLAINS ALL AMERICAN PIPELINE’s financials has identified it as a ‘cow’ – a type of company that has the track record of paying out consistent and sustainable dividends. This makes PLAINS ALL AMERICAN PIPELINE ideal for investors who are looking for secure, long-term investments. Furthermore, with a high health score of 8/10, PLAINS ALL AMERICAN PIPELINE is capable to safely ride out any crisis without the risk of bankruptcy. Additionally, GoodWhale’s analysis showed that PLAINS ALL AMERICAN PIPELINE is strong in asset, dividend, and medium in profitability. It is weak in growth which suggests that it may not be the most attractive option for investors who are looking for short-term gains. 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
Investors should consider the recent sale when making investment decisions as it could indicate a potential shift in sentiment. Factors to consider when analyzing PLAINS include the company’s financial performance, financial metrics, outlook, competitors, and industry trends. PLAINS has reported strong performance with its most recent quarterly results, including an increase in its adjusted earnings per share. Looking forward, PLAINS is expected to maintain strong growth due to its expanding operations, supported by high demand for pipeline transportation services.
Furthermore, the company’s ability to compete and capitalize on industry trends will also support continued growth in the long term. Investors should take all these factors into consideration when analyzing PLAINS before making any final decisions.
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