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Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) have announced their quarterly distributions for Q4 2024 and upcoming earnings release schedule. The companies declared a quarterly cash distribution of $0.38 per Common Unit/Class A Share, representing a $0.0625 increase from November 2024 ($0.25 increase or 20% annualized). Additional distributions include $0.61524 per Series A Preferred Unit and $22.73 per Series B Preferred Unit.
Distributions for Common Units, Class A Shares, and Series A Preferred Units will be paid on February 14, 2025, to holders of record as of January 31, 2025. Series B Preferred Unit distributions will be paid on February 18, 2025, to holders of record as of February 3, 2025. The Q4 2024 earnings release is scheduled for February 7, 2025, before market open, followed by a conference call at 9:00 a.m. CT.
Plains All American Pipeline (PAA) e Plains GP Holdings (PAGP) hanno annunciato le loro distribuzioni trimestrali per il Q4 2024 e il programma di rilascio degli utili. Le aziende hanno dichiarato una distribuzione di cassa trimestrale di $0.38 per ogni Unità Comune/Azione di Classe A, corrispondente a un aumento di $0.0625 rispetto a novembre 2024 (un aumento di $0.25 o 20% annualizzato). Le distribuzioni aggiuntive includono $0.61524 per l’Unità Preferenziale di Serie A e $22.73 per l’Unità Preferenziale di Serie B.
Le distribuzioni per Unità Comuni, Azioni di Classe A e Unità Preferenziali di Serie A saranno pagate il 14 febbraio 2025, a favore dei possessori registrati al 31 gennaio 2025. Le distribuzioni delle Unità Preferenziali di Serie B saranno pagate il 18 febbraio 2025, a favore dei possessori registrati al 3 febbraio 2025. Il rilascio degli utili per il Q4 2024 è programmato per il 7 febbraio 2025, prima dell’apertura del mercato, seguito da una conferenza telefonica alle 9:00 CST.
Plains All American Pipeline (PAA) y Plains GP Holdings (PAGP) han anunciado sus distribuciones trimestrales para el Q4 2024 y el calendario de próxima divulgación de ganancias. Las compañías declararon una distribución en efectivo trimestral de $0.38 por Unidad Común/Acción Clase A, lo que representa un aumento de $0.0625 respecto a noviembre de 2024 (un aumento de $0.25 o 20% anualizado). Las distribuciones adicionales incluyen $0.61524 por Unidad Preferente de Serie A y $22.73 por Unidad Preferente de Serie B.
Las distribuciones para Unidades Comunes, Acciones Clase A y Unidades Preferentes de Serie A se pagarán el 14 de febrero de 2025, a los tenedores registrados a partir del 31 de enero de 2025. Las distribuciones de las Unidades Preferentes de Serie B se pagarán el 18 de febrero de 2025, a los tenedores registrados a partir del 3 de febrero de 2025. La divulgación de ganancias del Q4 2024 está programada para el 7 de febrero de 2025, antes de la apertura del mercado, seguida de una llamada de conferencia a las 9:00 a.m. CT.
플레인스 올 아메리칸 파이프라인 (PAA)와 플레인스 GP 홀딩스 (PAGP)는 2024년 4분기 분기 배당금과 향후 수익 발표 일정을 발표했습니다. 이 회사들은 보통주/클래스 A주당 $0.38의 분기 현금 배당금을 선언했으며, 이는 2024년 11월 대비 $0.0625의 증가를 의미합니다(연환산 20%인 $0.25 증가). 추가 배당금에는 시리즈 A 우선주당 $0.61524 및 시리즈 B 우선주당 $22.73이 포함됩니다.
보통주, 클래스 A주 및 시리즈 A 우선주에 대한 배당금은 2025년 2월 14일에 2025년 1월 31일까지의 기록 보유자에게 지급됩니다. 시리즈 B 우선주의 배당금은 2025년 2월 18일에 2025년 2월 3일까지의 기록 보유자에게 지급됩니다. 2024년 4분기 수익 발표는 2025년 2월 7일, 시장 개장 전에 예정되어 있으며, 이에 대한 컨퍼런스 콜은 오전 9시 CT에 진행됩니다.
Plains All American Pipeline (PAA) et Plains GP Holdings (PAGP) ont annoncé leurs distributions trimestrielles pour le Q4 2024 et le calendrier de la prochaine publication des résultats. Les entreprises ont déclaré une distribution de trésorerie trimestrielle de $0,38 par Unité Commune/Action de Classe A, représentant une augmentation de $0,0625 par rapport à novembre 2024 (augmentation de $0,25 soit 20% annualisé). Les distributions supplémentaires comprennent $0,61524 par Unité Préférentielle de Série A et $22,73 par Unité Préférentielle de Série B.
Les distributions pour les Unités Communes, les Actions de Classe A et les Unités Préférentielles de Série A seront versées le 14 février 2025, aux détenteurs enregistrés au 31 janvier 2025. Les distributions des Unités Préférentielles de Série B seront versées le 18 février 2025, aux détenteurs enregistrés au 3 février 2025. La publication des résultats du Q4 2024 est prévue pour le 7 février 2025, avant l’ouverture des marchés, suivie d’une conférence téléphonique à 9h00 CST.
Plains All American Pipeline (PAA) und Plains GP Holdings (PAGP) haben ihre vierteljährlichen Ausschüttungen für das 4. Quartal 2024 und den bevorstehenden Termin für die Ergebnisbekanntgabe bekannt gegeben. Die Unternehmen haben eine vierteljährliche Bargeldausschüttung von $0,38 pro Stammanteil/A-Aktie erklärt, was einen Anstieg von $0,0625 gegenüber November 2024 bedeutet ($0,25 Anstieg oder 20% annualisiert). Weitere Ausschüttungen umfassen $0,61524 pro Series A Vorzugsanteil und $22,73 pro Series B Vorzugsanteil.
Die Ausschüttungen für Stammanteile, A-Aktien und Series A Vorzugsanteile werden am 14. Februar 2025 an die zum 31. Januar 2025 zur Aktionärsliste gehörenden Inhaber ausgezahlt. Die Ausschüttungen der Series B Vorzugsanteile erfolgen am 18. Februar 2025 an die zum 3. Februar 2025 zur Aktionärsliste gehörenden Inhaber. Die Ergebnisbekanntgabe für das 4. Quartal 2024 ist für den 7. Februar 2025, vor Markteröffnung, geplant, gefolgt von einer Telefonkonferenz um 9:00 Uhr CST.
Positive
- 20% increase in quarterly distribution ($0.25 annualized) for both PAA and PAGP shareholders
- Distribution raised to $0.38 per unit/share ($1.52 annualized)
Insights
The announced $0.38 quarterly distribution represents a substantial 20% year-over-year increase, signaling robust financial health and strong cash flow generation. This $0.0625 increase per unit demonstrates management’s confidence in sustainable operational performance and commitment to shareholder returns. The distribution growth is particularly noteworthy in the midstream energy sector, where stability typically trumps growth. For PAA, maintaining a $1.52 annualized distribution while increasing it by 20% suggests excellent coverage ratios and healthy underlying business fundamentals. The Series A and B preferred unit distributions further reinforce the company’s strong liquidity position and hierarchical capital return structure. The tax treatment guidance for PAGP shareholders, indicating potential non-taxable return of capital, adds another layer of investor appeal through tax efficiency.
This distribution increase marks a strategic positioning in the midstream energy market, where PAA is demonstrating exceptional capital return capabilities amidst evolving energy market dynamics. The 20% boost significantly outpaces the sector average and positions PAA as a leading income-generating vehicle in the midstream space. The timing aligns with broader market trends showing increased investor appetite for energy infrastructure assets that offer growing, reliable income streams. The structured approach to different security classes – common units, Class A shares and preferred units – provides various entry points for different investor profiles. The announcement of Q4 earnings timing in early February adds near-term catalyst potential for the stock, particularly given the robust distribution increase context.
HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced today their quarterly distributions with respect to the fourth quarter of 2024 and also announced timing of fourth quarter 2024 earnings.
Fourth Quarter Distribution Declaration
PAA and PAGP announced the following quarterly cash distributions:
- PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which represents a $0.0625 increase from the distribution paid in November 2024 ($0.25 per unit increase, or 20%, on an annualized basis).
- PAGP Class A Shares – $0.38 per Class A Share ($1.52 per Class A Share on an annualized basis), which also represents a $0.0625 increase from the distribution paid in November 2024 ($0.25 per share increase, or 20%, on an annualized basis).
- PAA Series A Preferred Units – $0.61524 per Series A Preferred Unit (approximately $2.46 per unit on an annualized basis).
- PAA Series B Preferred Units – $22.73 per Series B Preferred Unit (based on the applicable quarterly floating rate).
The distributions on the PAA Common Units, PAGP Class A Shares and PAA Series A Preferred Units are payable on February 14, 2025, to holders of each respective security as of January 31, 2025. The distribution on the PAA Series B Preferred Units is payable on February 18, 2025, to holders of such security as of February 3, 2025.
Although equity holders should consult their own tax advisor regarding their particular circumstances, the PAGP cash distribution per Class A Share is expected to be a non-taxable return of capital to the extent of a Class A Shareholder’s tax basis in each PAGP Class A Share and a reduction in such tax basis. In addition, to the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as a capital gain. Qualified Notices under Treasury Regulation Section 1.1446 with respect to the PAA Common Unit distribution and PAA Series B Preferred Unit distribution will be posted on the Plains website under “Investor Relations – Unit Information.”
Fourth Quarter 2024 Earnings Timing
PAA and PAGP also announced that they will release fourth quarter 2024 earnings before market open on Friday, February 7, 2025. Following the announcement, PAA and PAGP will host a conference call at 9:00 a.m. CT (10 a.m. ET) with analysts and investors to discuss earnings. The call will be webcast live on the internet and may be accessed through the “Investors Relations” section of the website at www.plains.com. An audio replay will be available on the website after the call.
About Plains
PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. On average, PAA handles approximately eight million barrels per day of crude oil and NGL.
PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America.
PAA and PAGP are headquartered in Houston, Texas. More information is available at www.plains.com.
Investor Relations Contacts:
Blake Fernandez
Michael Gladstein
PlainsIR@plains.com
(866) 809-1291
FAQ
What is PAA’s new quarterly distribution amount for Q4 2024?
PAA’s quarterly distribution for Q4 2024 is $0.38 per Common Unit ($1.52 annualized), representing a $0.0625 increase from the previous quarter.
When will Plains All American Pipeline (PAA) pay its Q4 2024 distribution?
PAA will pay its Q4 2024 distribution on February 14, 2025, to holders of record as of January 31, 2025.
How much did PAA increase its distribution compared to November 2024?
PAA increased its distribution by $0.0625 quarterly ($0.25 annually), representing a 20% increase from November 2024.
When will PAA release its Q4 2024 earnings?
PAA will release its Q4 2024 earnings before market open on Friday, February 7, 2025.
What is the distribution amount for PAA’s Series A Preferred Units?
PAA’s Series A Preferred Units will receive a distribution of $0.61524 per unit (approximately $2.46 annualized).
