PAGP Earnings Prediction
The chart below shows how PAGP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PAGP sees a +0.39% change in stock price 10 days leading up to the earnings, and a +2.33% change 10 days following the report. On the earnings day itself, the stock moves by +0.15%. This data can give you a slight idea of what to expect for the next quarter's release.
PAGP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
12.40B
-2.33%
-2.68%
Gross Margin
7.39%
8.36%
1.37%
Operating Margin
1.98%
-39.45%
-27.21%
Net Margin
0.65%
-78.33%
-72.46%
EPS
--
--
--
No Data Available
PAGP Earnings Analysis
Plains GP Holdings LP Corporation (PAGP.O) Earnings Conference Call
Positive
Q4 2024 Adjusted EBITDA: Adjusted EBITDA for Q4 2024 was reported at $729 million, exceeding expectations and contributing to a full-year total of $2.78 billion, which surpassed initial guidance by approximately $105 million or 4%.
2025 Adjusted EBITDA Guidance: The company anticipates adjusted EBITDA guidance for 2025 in the range of $2.8 billion to $2.95 billion, indicating a projected year-over-year growth of approximately 3% at the midpoint.
Permian Crude Production Growth: Permian crude production is expected to grow by 200,000 to 300,000 barrels per day from year-end 2024 to year-end 2025, with overall basin volumes projected to reach approximately 6.7 million barrels per day by the end of 2025.
Quarterly Distribution Increase: A 20% increase in the quarterly distribution was announced, raising the annual distribution to $1.52 per unit, which represents a yield of approximately 7.5% based on the current equity price for PAA.
Strong Cash Flow Generation: The company expects to generate approximately $1.15 billion of adjusted free cash flow in 2025, demonstrating strong cash generation capabilities despite recent acquisitions.
Negative
Earnings Miss Reported: Plains GP Holdings, L.P. misses on earnings expectations with reported EPS of $0.3068, falling short of the expected $0.35.
Noncash Impairment Impact: A $140 million noncash impairment related to two US NGL terminal assets negatively impacted fourth quarter GAAP results.
Receivable Write-Off Impact: A $225 million receivable write-off was required after an arbitration panel ruled against the company regarding insurance reimbursement claims, significantly affecting financials.
NGL Segment EBITDA Decline: The NGL segment is expected to see slightly lower adjusted EBITDA year-over-year, indicating potential challenges in this area.
Contract Tariff Reset Impact: The company anticipates a reset of certain long-haul contract tariffs that will step down in the second half of 2025, which may adversely affect revenue.
PAGP FAQs
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PAGP Earning Call Sentiment
Plains GP Holdings, L.P. (NASDAQ:PAGP) Q4 2024 Earnings Call Transcript
PAGP.O
-0.57%Positive
The earnings call summary reveals mixed signals: strong financial performance and increased distributions are positive, but the impairment charge and insurance claim write-off are negatives. The Q&A section shows management's confidence in growth and strategic plans, but there are concerns about tariffs and unclear guidance on EBITDA growth. The market cap suggests a moderate reaction. Overall, the sentiment is balanced, leading to a neutral prediction for stock price movement.
