Annuncio • Nov 06
Plains All American Pipeline, L.P. (NasdaqGS:PAA) and Plains GP Holdings, L.P. (NasdaqGS:PAGP) acquired an remaining 45% stake in Epic Crude Holdings, LP from unknown Ares Private Equity funds managed by Ares Management Corporation (NYSE:ARES) for $1.5 billion. Plains All American Pipeline, L.P. (NasdaqGS:PAA) and Plains GP Holdings, L.P. (NasdaqGS:PAGP) acquired an remaining 45% stake in Epic Crude Holdings, LP from unknown Ares Private Equity funds managed by Ares Management Corporation (NYSE:ARES) for $1.5 billion on November 1, 2025. The purchase price of approximately $1.33 billion, inclusive of approximately $500 million of debt. Additionally, Plains has agreed to a potential earnout payment of up to $157 million tied to certain expansions of the pipeline system by 2028. This transaction, along with the transaction described above, results in PAA owning a 100% equity interest in EPIC. The acquisition of the remaining 45% interest in EPIC allows us to accelerate and increase synergy capture on the full system, including meaningful 2026 cost savings and expect solid mid-teens returns with a 2026 EBITDA multiple of ~10x, improving significantly over the next few years.
Plains All American Pipeline, L.P. (NasdaqGS:PAA) and Plains GP Holdings, L.P. (NasdaqGS:PAGP) acquired an remaining 45% stake in Epic Crude Holdings, LP from unknown Ares Private Equity funds managed by Ares Management Corporation (NYSE:ARES) on November 1, 2025. Annuncio • Oct 03
Plains GP Holdings, L.P. Announces Quarterly Distribution for the Third Quarter of 2025 on Class A Share, Payable on November 14, 2025 Plains GP Holdings, L.P. announced quarterly distribution with respect to the third quarter of 2025 of $0.38 per Class A Share ($1.52 per Class A Share on an annualized basis), which is unchanged from the distribution paid in August 2025. The distribution will be payable on November 14, 2025 to holders of the respective securities at the close of business on October 31, 2025. Annuncio • Sep 03
Plains All American Pipeline, L.P. (NasdaqGS:PAA) and Plains GP Holdings, L.P. (NasdaqGS:PAGP) entered into agreement to acquire 55% stake in Epic Crude Holdings, LP from Diamondback Energy, Inc. (NasdaqGS:FANG) and Kinetik Holdings Inc. (NYSE:KNTK) for $1.2 billion. Plains All American Pipeline, L.P. (NasdaqGS:PAA) and Plains GP Holdings, L.P. (NasdaqGS:PAGP) entered into agreement to acquire 55% stake in Epic Crude Holdings, LP from Diamondback Energy, Inc. (NasdaqGS:FANG) and Kinetik Holdings Inc. (NYSE:KNTK) for $1.2 billion on August 30, 2025. Diamondback Energy and Kinetik Holdings each will receive approximately $500 million in net upfront cash and an additional $96 million contingent cash payment. Diamondback Energy and Kinetik Holdings each will sell 27.5% stake respectively. The transaction valued at approximately $1.57 billion, inclusive of approximately $600 million of debt. The transaction terms imply an upfront valuation for 100% of EPIC Crude at $2.85 billion and $350 million for the Contingent Consideration.
The transaction is subject to approval by regulatory board / committee and subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction is expected to complete by early 2026.
The transaction is expected to be immediately accretive to distributable cash flow with synergistic opportunities expected to result in mid-teens unlevered returns.
Akin Gump Strauss Hauer & Feld LLP acted as legal advisor for Diamondback Energy, Inc. Vinson & Elkins LLP acted as legal advisor for Kinetik Holdings Inc. Annuncio • Apr 14
Plains GP Holdings, L.P., Annual General Meeting, May 21, 2025 Plains GP Holdings, L.P., Annual General Meeting, May 21, 2025. Location: 19 floor of three allen center, 333 clay street houston, texas United States Annuncio • Apr 03
Plains GP Holdings, L.P. to Report Q1, 2025 Results on May 09, 2025 Plains GP Holdings, L.P. announced that they will report Q1, 2025 results Pre-Market on May 09, 2025 Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: US$1.48 (vs US$0.31 in FY 2021) Full year 2022 results: EPS: US$1.48 (up from US$0.31 in FY 2021). Revenue: US$57.3b (up 36% from FY 2021). Net income: US$1.04b (up US$977.0m from FY 2021). Profit margin: 1.8% (up from 0.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 8.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.9%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jan 23
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 14 February 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.2%). Annuncio • Jan 10
Plains GP Holdings, L.P. Announces Quarterly Cash Distribution, Payable on February 14, 2023 Plains GP Holdings announced their quarterly distributions with respect to the fourth quarter of 2022. PAGP announced a corresponding quarterly cash distribution of $0.2675 per Class A share ($1.07 per Class A share on an annualized basis), which also reflects a $0.05 increase from the distribution paid in November 2022 ($0.20 per unit increase, or 23%, on an annualized basis). Each of these distributions will be payable on February 14, 2023 to holders of record of each security at the close of business on January 31, 2023. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$0.37 (vs US$0.12 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.37 (up from US$0.12 loss in 3Q 2021). Revenue: US$14.3b (up 33% from 3Q 2021). Net income: US$71.0m (up US$95.0m from 3Q 2021). Profit margin: 0.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to fall by 7.8% p.a. on average during the next 3 years compared to a 4.4% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 21
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 14 November 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (1.0%). Recent Insider Transactions • Aug 23
Board Member recently bought €119k worth of stock On the 19th of August, Ellen DeSanctis bought around 10k shares on-market at roughly €11.93 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.16 (vs US$0.36 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.16 (up from US$0.36 loss in 2Q 2021). Revenue: US$16.4b (up 65% from 2Q 2021). Net income: US$31.0m (up US$100.0m from 2Q 2021). Profit margin: 0.2% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Annuncio • Jul 28
Plains All American Pipeline, L.P. and Plains GP Holdings Announce Board Changes, Effective August 15, 2022 Plains All American Pipeline, L.P. and Plains GP Holdings =announced that Ellen R. DeSanctis has been appointed, effective August 15, 2022, as an independent member of the Board of Directors of PAA GP Holdings LLC (“GP Holdings”) serving in Class I. She will also serve as a member of the Audit Committee and Health, Safety, Environmental and Sustainability Committee. The GP Holdings Board has responsibility for managing the business and affairs of PAA and PAGP. Ms. DeSanctis has over 40 years of industry experience, most recently serving as Senior Vice President of Corporate Relations for ConocoPhillips, where she worked from 2012 until her retirement in 2022. She previously held various positions relating to corporate communications and strategic development and planning for a number of upstream energy companies, including Petrohawk Energy Corporation, Rosetta Resources, Burlington Resources and ARCO. She also serves as a member of the board of directors of St. Agnes Academy in Houston and served as past chair of the Girl Scouts of San Jacinto Council. Ms. DeSanctis has a BA in Geology from Princeton University and an MBA from UCLA. Upcoming Dividend • Jul 21
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 12 August 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.8%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.3%). Annuncio • Jul 09
Plains GP Holdings, L.P. to Report Q2, 2022 Results on Aug 03, 2022 Plains GP Holdings, L.P. announced that they will report Q2, 2022 results After-Market on Aug 03, 2022 Annuncio • Jul 08
Plains GP Holdings, L.P. Announces Quarterly Distribution with Respect to the Second Quarter of 2022, Payable on August 12, 2022 Plains GP Holdings announced their quarterly distributions with respect to the second quarter of 2022. The company announced a corresponding quarterly cash distribution of $0.2175 per Class A share ($0.87 per Class A share on an annualized basis), which is unchanged from the distribution paid in May 2022. The distribution will be payable on August 12, 2022 to holders of record of each security at the close of business on July 29, 2022. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.36 in 1Q 2021) First quarter 2022 results: EPS: US$0.11 (down from US$0.36 in 1Q 2021). Revenue: US$13.7b (up 63% from 1Q 2021). Net income: US$22.0m (down 69% from 1Q 2021). Profit margin: 0.2% (down from 0.8% in 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 21
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 13 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.8%. Within top quartile of German dividend payers (3.9%). Higher than average of industry peers (4.8%). Annuncio • Apr 15
Plains GP Holdings, L.P., Annual General Meeting, May 25, 2022 Plains GP Holdings, L.P., Annual General Meeting, May 25, 2022, at 10:30 Central Standard Time. Location: Texas Room located on the 19th Floor of Three Allen Center, 333 Clay Street Houston Texas United States Agenda: To consider The election of four Class II directors to serve on the board of directors (the “Board”) of PAA GP Holdings LLC until the 2025 annual meeting; to consider ratification of the appointment of PricewaterhouseCoopers LLP as its and Plains All American Pipeline, L.P.’s independent registered public accounting firm for the fiscal year ending December 31, 2022; to consider approval, on a non-binding advisory basis, of our 2021 named executive officer compensation; and to consider proposal to transact such other business as may properly come before the PAGP Annual Meeting and any adjournment or postponement thereof. Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.31 (up from US$3.05 loss in FY 2020). Revenue: US$42.0b (up 81% from FY 2020). Net income: US$60.0m (up US$628.0m from FY 2020). Profit margin: 0.1% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 17%. Over the next year, revenue is expected to shrink by 5.1% compared to a 148% growth forecast for the oil industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 08
Third quarter 2021 earnings released: US$0.12 loss per share (vs US$0.091 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$10.8b (up 85% from 3Q 2020). Net loss: US$24.0m (down 241% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 21
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 12 November 2021. Trailing yield: 6.0%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.6%). Reported Earnings • Aug 06
Second quarter 2021 earnings released: US$0.36 loss per share (vs US$0.087 profit in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and control over costs were weaker. Second quarter 2021 results: Revenue: US$9.93b (up 208% from 2Q 2020). Net loss: US$69.0m (down US$85.0m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jul 22
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 13 August 2021. Trailing yield: 6.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.1%). Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$0.36 (vs US$3.18 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$8.38b (up 1.4% from 1Q 2020). Net income: US$70.0m (up US$651.0m from 1Q 2020). Profit margin: 0.8% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 24
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 14 May 2021. Trailing yield: 7.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.7%). Analyst Estimate Surprise Post Earnings • Mar 04
Revenue misses expectations Revenue missed analyst estimates by 0.4%. Over the next year, revenue is expected to shrink by 3.2% compared to a 30% growth forecast for the Oil and Gas industry in Germany. Reported Earnings • Mar 04
Full year 2020 earnings released: US$3.05 loss per share (vs US$1.97 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$23.3b (down 31% from FY 2019). Net loss: US$568.0m (down 272% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Annuncio • Mar 03
Plains All American Pipeline, L.P and Plains Gp Holdings Announces Management Changes Plains All American Pipeline, L.P. and Plains GP Holdings announced that effective March 1, 2021, its Board of Directors has approved the appointment of Jeremy Goebel to an expanded role of Executive Vice President and Chief Commercial Officer. Mr. Goebel will continue to report to Harry Pefanis, who will retain the role of company President. As Chief Commercial Officer, Mr. Goebel will assume full responsibility for commercial activities in the U.S. and Canada. Mr. Goebel has more than 20 years of energy and investment banking experience, and for the past eight years at Plains has served in roles of increasing responsibility, from Managing Director, Strategic Planning and Acquisitions, Sr. Group Vice President, Commercial, and to his most recent role as Executive Vice President, Commercial. Reported Earnings • Feb 11
Full year 2020 earnings released: US$3.05 loss per share (vs US$1.97 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$23.3b (down 31% from FY 2019). Net loss: US$568.0m (down 272% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 4.5%, compared to a 26% growth forecast for the Oil and Gas industry in Germany. Upcoming Dividend • Jan 21
Upcoming Dividend of US$0.18 Per Share Will be paid on the 12th of February to those who are registered shareholders by the 28th of January. The trailing yield of 7.1% is in the top quartile of German dividend payers (3.5%), and it is higher than industry peers (4.8%). Is New 90 Day High Low • Jan 08
New 90-day high: €7.96 The company is up 44% from its price of €5.51 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.29 per share. Is New 90 Day High Low • Dec 05
New 90-day high: €7.58 The company is up 25% from its price of €6.07 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 43% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.24 per share. Is New 90 Day High Low • Nov 16
New 90-day high: €6.79 The company is up 6.0% from its price of €6.38 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €35.16 per share. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue beats expectations Revenue exceeded analyst estimates by 14%. Over the next year, revenue is expected to shrink by 23% compared to a 10% growth forecast for the Oil and Gas industry in Germany. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS US$0.091 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$5.83b (down 26% from 3Q 2019). Net income: US$17.0m (down 76% from 3Q 2019). Profit margin: 0.3% (down from 0.9% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS US$0.091 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$5.83b (down 26% from 3Q 2019). Net income: US$17.0m (down 76% from 3Q 2019). Profit margin: 0.3% (down from 0.9% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 14%. Over the next year, revenue is expected to shrink by 24% compared to a 11% growth forecast for the Oil and Gas industry in Germany. Upcoming Dividend • Oct 22
Upcoming Dividend of US$0.18 Per Share Will be paid on the 13th of November to those who are registered shareholders by the 29th of October. The trailing yield of 10% is in the top quartile of German dividend payers (3.8%), and it is higher than industry peers (7.2%).