Plains GP Holdings LP Class A

PAGP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$34.00	Vwdm	Gxwcjzdmy

Plains Is Starting to See Volume Benefits Finally in Q2

Stephen Ellis

Aug 4, 2022

Plains is finally starting to see some incremental benefits from higher Permian volumes in the second quarter, as it boosted guidance for the second time this year. 2022 EBITDA guidance now stands at $2.375 billion, slightly ahead of our $2.3 billion forecast, but not enough to cause us to shift our fair value estimate. Our no-moat rating also remains unchanged.

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