Plains GP Holdings LP Class A

PAGP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Plains Earnings: Chugging Along, Plains Is on Track to Meet Adjusted EBITDA Guidance

Joshua Aguilar, Abby Weimer

Nov 11, 2024

No-moat-rated Plains reported third-quarter adjusted EBITDA of $659 million, slightly below the same quarter last year. Even so, Plains reported an 8% jump in net income to $220 million from $203 million in the same period last year. So, we maintain our $19 fair value estimate. The stock is trading at a slight discount to our fair value estimate as of this writing.

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Plains GP Holdings LP Class A

Plains Earnings: Chugging Along, Plains Is on Track to Meet Adjusted EBITDA Guidance

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