Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Plains All American Lifts Q1 EBITDA Forecast - Quick Facts

RELATED NEWS
Trade PAA now with 

Plains All American Pipeline, L.P. (PAA: Quote) on Wednesday said it lifted its first-quarter forecast and now expects adjusted earnings before interest, taxes, depreciation and amortization or EBITDA to exceed the mid-point of its previous guidance by approximately 15 percent to 20 percent.

According to the company, the expected level of performance is driven by strong fundamentals, generally favorable market conditions and solid execution in all three business segments.

On February 8, the company had issued midpoint adjusted EBITDA guidance of $400 million for the first quarter based on a guidance range of $380 million to $420 million.

The company, which owns and operates natural gas storage facilities through its ownership position in PAA Natural Gas Storage, L.P. (PNG: Quote), said its first-quarter operating results will not be impacted by the recent acquisition of the Canadian natural gas liquids business from a subsidiary of BP Corp. North America, Inc., but will reflect the impact of certain debt and equity financing activities.

Click here to receive FREE breaking news email alerts for Plains All American Pipeline LP and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.