plains all american pipeline

To return to the application, please click the button below. HOUSTON, April 05, 2021 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced they will … [24] Santa Barbara County firefighters were among the first to discover the spill, before being notified by the company, and they "built a rim of rocks to prevent oil from running to the shoreline. Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquid petroleum gas (LPG) products in the United States and Canada. Our operations and activities are managed by Plains All American GP LLC (“GP LLC”), which employs our management and operational personnel (other than our Canadian personnel, who are employed by Plains Midstream Canada ULC). New. Plains All American Pipeline ( NASDAQ:PAA) can't catch a break. Payout Estimate. [18] In 2013, the Energy Resources Conservation Board of Alberta reprimanded the company for operational failures in connection with the oil spill. It owns interests in 18,370 miles (29,560 km) of pipelines, storage capacity for about 75 million barrels of crude oil, 28 million barrels of NGLs, and 68 billion cubic feet of natural gas, and 5 natural gas processing plants. Plains All American Pipeline pays an annual dividend of $0.72 per share, with a dividend yield of 7.62%. With the stocks previous close at 9.14 this would imply there is a … Our sustainability efforts focus on enhancing our environmental, social and governance practices so we can deliver long-term value and maintain the trust of our stakeholders. The spill leaked 105,000 US gallons (2,500 bbl), including 20,000 US gallons (480 bbl) that reached the Pacific Ocean. It pays a dividend yield of 7.79%, putting its dividend yield in the top 25% of dividend-paying stocks. Press Release reported on 05/04/21 that Plains All American Pipeline and Plains GP Holdings Report First-Quarter 2021 Results Plains All American Pipeline, L.P. (NASDAQ:PAA)’s Major holders. The spill shut down the popular El Capitán State Beach and Campground during Memorial Day weekend, just prior to the beginning of the summer high season. Plains All American Pipeline Board of Directors, Plains All American Pipeline and Plains GP Holdings Report First-Quarter 2021 Results, Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of First-Quarter 2021 Earnings. This plays a vital role in the movement of U.S. and Canadian energy supplies. Plains All American Pipeline (NASDAQ: PAA) is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids and natural gas. The company is headquartered in the Allen Center in Downtown Houston, Texas. Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced their quarterly distributions with respect to the second quarter of 2020.PAA announced a quarterly cash distribution of $0.18 per common unit ($0.72 per unit on an annualized basis), which is unchanged from the distribution paid in May 2020. [24] By June 2015 the cost of cleanup rose to USD$92 million. [14], The 2011 Little Buffalo oil spill was one of the largest land-based oil spills in North America, the largest oil spill in Alberta in 36 years, and the second spill in Alberta within a two-week period. This is a pipeline stretching from Wink, Texas, in the Permian basin to Webster, Texas (near Houston), that is being constructed by Plains All American Pipeline and its partners Exxon Mobil , … [24][25][26] The United States House Committee on Energy and Commerce opened an investigation into the oil spill on June 25, 2015. Plains All American Pipeline, L.P., using its subsidiary of Plains Pipeline, L.P., is working to restore oil pipeline transportation service between Santa Barbara and Kern Counties by replacing Lines 901 and 903. The Rainbow Pipeline system, owned by Plains Midstream Canada, ruptured on April 29, 2011, spilling 28,000 barrels of oil in a fairly isolated stretch of boreal forest in northern Alberta, about four miles from the nearest homes in Little Buffalo, Alberta. Apply to Technician, Director of Manufacturing, Commissioner and more! Plains GP Holdings (NASDAQ: PAGP) is a publicly traded entity that owns a non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. Pipeline Company to Modify Its National Operations to Implement Safeguards Resulting from Oil Spill", https://en.wikipedia.org/w/index.php?title=Plains_All_American_Pipeline&oldid=1019216858, Companies formerly listed on the New York Stock Exchange, Non-renewable resource companies established in 1981, Creative Commons Attribution-ShareAlike License, 2001 - CANPET Energy Group, a liquified gas marketing company based in Canada, for $42 million, 2004 - Link Energy pipeline system for $273 million, 2006 - Pacific Energy Partners for $2.4 billion, 2008 - Rainbow oil pipeline in Northern Alberta, 2017 - Alpha Crude Connector gathering system and pipeline in the. Plains All American Pipeline L.P. [NASDAQ: PAA] surged by $0.38 during the normal trading session on Monday and reaching a high of $10.00 during the day while it closed the day at $9.86. [22], On May 19, 2015, a pipeline operated by the company ruptured northwest of Santa Barbara, California. [29], United States Environmental Protection Agency, United States House Committee on Energy and Commerce, Pipeline and Hazardous Materials Safety Administration, "Plains All American Pipeline, L.P. 2020 Form 10-K Annual Report", "Plains Scurlock acquires crude oil pipeline", "Plains All American acquires midstream operations, extends reach into Canada", "Plains All American to buy CANPET Energy Group", "Plains All American buys Canadian crude, LPG marketer", "Plains acquires rest of Atchafalaya Pipeline", "Plains All American to pay $273M for certain Link Energy assets", "Plains acquires Louisiana assets from Shell", "Plains All American to buy Pacific Energy", "Plains All American to buy Canadian Rainbow oil pipeline", "Plains All American Pipeline Completes Acquisition of Canadian NGL Business from BP", "Houston pipeline company closes $1.2B buy", "Plains All American Pipeline Settlement", "Costs for oil companies pile up after spill", "Location of oil spill near Little Buffalo, Alta", "2nd largest pipeline spill in Alberta history leads to charges", "Plains Midstream reprimanded for 2011 Alberta oil spill", "Alberta pressured to include leaks in environmental monitoring plan", "Calls growing for probe of aging pipeline system: Recent spills highlight ongoing risk", "Plains Midstream charged in Red Deer River pipeline spill", "Oil Spill Reported on Coast Near Refugio State Beach", "California Oil Spill Gushed Like Hose 'Without a Nozzle, "As Refugio Oil Slick Spreads, Spill Estimate Rises", "California Governor Declares State of Emergency After Santa Barbara Oil Spill", "Supes Gently Grill Feds over Refugio Spill Response County Asks for Timeline; Plains Mum on 'Emergency Response Plan, "Refugio Incident, Santa Barbara County, May 19, 2015", California Department of Fish and Wildlife, "U.S. The target price ranges between 16 and 10 and has a mean target at 11.57. The company report on May 5, 2021 that Plains All American Pipeline and Plains … 37 Plains All American Pipeline jobs available on Indeed.com. Plains All American Pipeline 2020 Common Unit tax schedules will be available online on or before March 1, 2021 and mailed via U.S. mail during the first week of March 2021. The current dividend yield for Plains All American Pipeline as of May 03, 2021 is 7.93% . "[27][28] In March 2020, the company agreed to pay over $60 million in penalties related to the incident. If we look at who the major shareholders are, we find that insiders hold 34.76% of Plains All American Pipeline, L.P. shares while 47.02% of the shares are in the hands of institutional holders. GP LLC is the general partner of Plains AAP, L.P., which is the sole member of PAA GP LLC, our general partner. PAA's next n/a dividend payment will be made to shareholders of record on Friday, May 14. Plains All American Pipeline ( NASDAQ:PAA) has a fat 8% distribution yield, which income-focused investors might find attractive. Dividend Growth. Plains All American Pipeline L.P. had a pretty favorable run when it comes to the market performance. Plains All American Pipeline, L.P. is involved in intrastate crude oil pipeline transportation and terminalling storage activities. Plains All American Pipeline has 4,900 employees and is ranked 6th among it's top 10 competitors. The current TTM dividend payout for Plains All American Pipeline (PAA) as of May 03, 2021 is $0.72 . Historical dividend payout and yield for Plains All American Pipeline (PAA) since 2001. You have been logged out due to inactivity. Plains All American Pipeline, L found using ticker (PAA) now have 23 analysts in total covering the stock. PAA: Get the latest Plains All American Pipeline L.P. stock price and detailed information including PAA news, historical charts and realtime prices. Plains All American Pipeline is a leading dividend payer. Both companies are headquartered in Houston, Texas. The company’s stock price has collected 6.83% of gains in the last five trading sessions. Plains All American Pipeline LP engages in the provision of transportation, storage, terminalling and marketing of crude oil, refined products and other natural gas-related petroleum products. [15][16] The local school was closed due to concerns about the effects of fumes. With a significant level of EBITDA lost in the last few years, the future recovery is unlikely to reach 2019 levels. The consensus rating is ‘Buy’. Compare. [20][21] The company was charged in 2014. [19], Heavy rains in early June 2012 caused a leak on a 46-year-old Plains Midstream Canada pipeline at Jackson Creek, Alberta, a tributary of the Red Deer River, which spilled approximately 1,000-3,000 barrels of light sour crude into the Red Deer River. Equities analysts expect Plains All American Pipeline, L.P. (NYSE:PAA) to report sales of $7.02 billion for the current fiscal quarter, according to Zacks Investment Research. PAGP anno Plains All American Pipeline's business recovery plan is in full progress. On average, Plains handles more than 6 million barrels per day of crude oil and natural gas liquids through our extensive network of assets located in key North American producing basins, major market hubs, and transportation gateways. Plains All American Pipeline pays out 28.69% of its earnings out as a dividend. Plains All American Pipeline does not have a long track record of dividend growth. Browse auto services It owns interests in 18,370 miles (29,560 km) of pipelines, storage capacity for about 75 million barrels of crude oil, 28 million barrels of NGLs, and 68 billion cubic feet of natural gas, and 5 natural gas processing plants. Magellan Midstream is perceived as one of Plains All American Pipeline's biggest rivals. Payout History. PAA Common Unit K-1 Information. The oil pipeline MLP seems to take two steps forward and then one back, thanks to all the oil market volatility in recent years. [23] Within 24 hours, oil polluted approximately 9 miles of the Santa Barbara coast. See reviews, photos, directions, phone numbers and more for Plains All American Pipeline locations in Northeast San Antonio, San Antonio, TX. If you have not received your 2020 Plains All American Pipeline Tax Package by March 12, 2021, please call K-1 Support at (866) 872-2829. [1], The company began in 1981 as a small oil and gas exploration and production company called Plains Resources. Plains All American Pipeline, L.P. is a master limited partnership engaged in pipeline transport, marketing, and storage of liquefied petroleum gas and petroleum in the United States and Canada. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. [17] The incident resulted in charges against the company in 2013. Plains All American Pipeline L.P. Dividend policy Active Price as of: MAY 07, 12:00 PM EDT $9.48 -0.01 -0.11% PAA: NYSE (Stock) Plains All American Pipeline L.P. Dividend policy Active Price as of: MAY 07, 12:00 PM EDT $9.48 -0.01 -0.11% Watchlist Overview. Plains All American Pipeline (NASDAQ: PAA) is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids and natural gas. [2] The company became a public company via an initial public offering in 1998. Based in Houston, Texas. Business data for Plains All American Pipeline, L.P.: This page was last edited on 22 April 2021, at 03:46. "; however, the company did not initially report the spill. Companies are required to report to the National Response Center on the release of hazardous-material "at the earliest practicable moment. Dividend Coverage. Since Plains All American Pipeline's initial public offering in 1998, we have built and acquired a diverse portfolio of strategically located assets and today are one of the largest independent midstream energy companies in North America. Find the latest ratings, reports, data, and analytics on Plains All American Pipeline L.P. [1], In 2010, the company agreed to pay a $3.25 million civil penalty for violating the Clean Water Act and to spend $41 million to upgrade more than 10,000 miles of crude oil pipelines after the United States Environmental Protection Agency pressed charges regarding 10 pipeline spills in Texas, Louisiana, Oklahoma, and Kansas between June 2004 and September 2007 that spilled over 273,000 gallons of crude oil, some of which ended up in rivers, lakes, and oceans. The share float percentage for the stock currently stands at 72.07%. Plains All American Pipeline, L.P. is a master limited partnership engaged in pipeline transport, marketing, and storage of liquefied petroleum gas and petroleum in the United States and Canada. Click here for an importance notice for all interest owners and lease operators regarding business operations during the COVID-19 pandemic. [24] According to preliminary findings of the federal Pipeline and Hazardous Materials Safety Administration released in June 2015, corrosion had worn a pipeline section to less than an inch thick. The company is headquartered in the Allen Center in Downtown Houston, Texas. You have been inactive for over 20 minutes. Plains All American Pipeline L.P. (NASDAQ:PAA) went up by 4.01% from its latest closing price compared to the recent 1-year high of $12.35. Magellan Midstream's headquarters is in Tulsa, Oklahoma, and was founded in 2000. Plains is delivering energy that powers progress, sparks innovation and fuels quality of life around the globe. The top 10 competitors average 35,482. The dividend payout ratio of Plains All American Pipeline is 28.69%. The 1-year high price for the company’s stock is recorded $10.60 on 01/14/21, with the lowest value was $8.07 for the same time period, recorded on 02/23/21. 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