PAA – A Closer Look at Plains All American Pipeline’s Distributable Cash Flow...
Author: Ron Hiram Published: May 11, 2015 Summary: Segment operating profit declined 16% in 1Q15 vs. 1Q14 mainly due to lower Supply & Logistics margins. Adjusted EBITDA increased in 1Q15 vs. 1Q14...
View ArticlePAA – A Closer Look At Plains All American Pipeline’s Distributable Cash Flow...
Author: Ron Hiram Published: August 11, 2015 Summary: Coverage ratios have dropped below 1x on a TTM basis, the first time this has happened in over 4 years. PAA used cash raised from issuance of...
View ArticlePAA – A Closer Look at Plains All American Pipeline’s 3Q15 Distributable Cash...
Author: Ron Hiram Published: November 13, 2015 Summary: Business conditions continue to deteriorate for PAA at a faster than projected pace; PAA has decreased its Adjusted EBITDA guidance for 2015...
View ArticlePAA – A Closer Look at Plains All American Pipeline’s 1Q16 results
Author: Ron Hiram Published: June 3, 2016 Summary: Segment operating profit has declined for 5 consecutive quarters when comparing each quarter to the prior year period. The declines are mainly due...
View ArticlePAA – A Closer Look at Plains All American Pipeline’s Distributable Cash Flow...
Author: Ron Hiram Published: August 14, 2014 Plains All American Pipeline L.P. (PAA) recently reported its results of operations for 2Q 2014. This article analyses some of the key facts and trends...
View ArticlePAA – A Closer Look at Plains All American Pipeline’s Distributable Cash Flow...
Author: Ron Hiram Published: November 15, 2014 Summary: 3Q14 results bolstered by Supply & Logistics segment profits; up 138% over 3Q13. Unusually strong 1Q14 results may cause Adjusted EBITDA...
View ArticlePAA – Preliminary review of Plains All American Pipeline’s 4Q 2014 results
Author: Ron Hiram Published: February 9, 2015 Summary: Significant decrease in revenues and associated cost of sales in 4Q14 compared to the fourth quarter of 2013. Significant increase in 4Q14...
View ArticlePAA – A Closer Look at Plains All American Pipeline’s Distributable Cash Flow...
Author: Ron Hiram Published: March 2, 2015 Summary: PAA’s sustainable cash flow in 2014 did not materially differ from reported DCF due to a number of offsetting items. PAA is not financing its...
View ArticlePAA – A Closer Look at Plains All American Pipeline’s results for 2Q16
Author: Ron Hiram Published: August 25, 2016 Summary: The 5% increase in 2Q16 segment operating profit over the prior year reflects 2Q15 costs associated with the Line 901 incident. Lower Supply...
View ArticlePAA – A Closer Look at Plains All American Pipeline’s 3Q16 results
Author: Ron Hiram Published: November 26, 2016 Summary: Lower Supply & Logistics continues to burden results; management attributed some of the 3Q16 segment loss to one-time events and is...
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