NasdaqGS:PAGPOil and Gas
Will Stronger EBITDA Guidance and Institutional Buying Change Plains GP Holdings' (PAGP) Risk‑Return Narrative?
In the first quarter, Energy Income Partners increased its stake in Plains GP Holdings by purchasing 120,765 shares, while the company raised its full-year adjusted EBITDA guidance to a midpoint of US$2.88 billion on the back of stronger oil market conditions, higher crude pipeline volumes and contributions from assets marked for divestiture.
This combination of upgraded earnings guidance and fresh institutional interest highlights how Plains GP Holdings’ role as a key energy infrastructure...