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Plains All American Pipeline – PAA – To exceed the quarterly guidance on strong fundamentals

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Plains All American Pipeline, L.P. (NYSE:PAA) announced that it expects adjusted earnings before interest, taxes, depreciation and amortization for the first quarter of 2012 to exceed the mid-point of its quarterly guidance by approximately 15% to 20%. This expected level of performance is driven by strong fundamentals, generally favorable market conditions and solid execution in all three business segments.

On February 8, 2012, PAA furnished a Form 8-K providing midpoint adjusted EBITDA guidance of $400 million for the first quarter of 2012 based on a guidance range of $380 million to $420 million. The Partnership’s first-quarter operating results will not be impacted by the acquisition of the Canadian natural gas liquids (NGL) business from a subsidiary of BP Corporation North America, Inc., which closed effective April 1, 2012, but PAA’s first-quarter results will reflect the impact of certain debt and equity financing activities completed in March 2012 in support of such closing. The Partnership’s updated outlook does not incorporate potential adjustments for equity compensation expense due to variances in PAA’s unit price or its probability assessment with respect to future distribution levels.

PAA is a publicly traded master limited partnership engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. Through its general partner interest and majority equity ownership position in PAA Natural Gas Storage, L.P. (NYSE: PNG), PAA owns and operates natural gas storage facilities. PAA is headquartered in Houston, Texas.


Plains All American Pipeline, L.P. (PAA) is engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas (LPG) and other natural gas-related petroleum products. It is also engaged in the acquisition, development and operation of natural gas storage facilities. It has three segments: Transportation, Facilities, and Supply and Logistics. PAA’s operations are conducted through, and its operating assets are owned by, PAA’s subsidiaries. On December 23, 2010, PAA acquired Nexen Holdings U.S.A. Inc. On February 9, 2011, the Company, through its subsidiary PAA Natural Gas Storage, L.P., acquired 100% interest in SG Resources Mississippi, LLC. In July 2011, Gavilon, LLC acquired refined products rack marketing business from the Company. In December 2011, it acquired South Texas crude oil and condensate gathering system and a Canadian trucking operation. In December 2011, it acquired Yorktown Terminal and Jal Pipeline.

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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