Pipeline Powerhouse Plains All American’s Q4 Earnings Leap Forward, Eyes Hefty Cash Flow in 2024

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Plains All American Pipeline, L.P.(NASDAQ:PAA) reported fourth-quarter fiscal 2023 revenue of $12.698 billion, in line with the consensus of $12.694 billion.

Adjusted EPS was $0.42 (+27% Y/Y), beating the consensus of $0.37.

PAA reported an operating income of $426 million, compared to an operating loss of $(37) million a year ago.

The adjusted EBITDA attributable to PAA rose 12% Y/Y to $737 million, and the margin expanded by 72 bps to 5.8%.

The Crude Oil Segment Adjusted EBITDA rose 12% …

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