Plains All American Expects To Be At High End Of Guidance Range Of $2.45B-$2.55B Adjusted EBITDA Attributable For 2023
Portfolio Pulse from Benzinga Newsdesk
Plains All American Pipeline, L.P. (PAA) expects to be at the high end of its guidance range of $2.45 billion to $2.55 billion adjusted EBITDA attributable for 2023.
August 04, 2023 | 3:16 pm
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POSITIVE IMPACT
PAA's announcement of expecting to hit the high end of its 2023 EBITDA guidance could potentially boost investor confidence and positively impact its stock price in the short term.
The company's expectation to hit the high end of its EBITDA guidance indicates strong financial performance, which could attract more investors and drive up the stock price. However, the actual impact will depend on various factors, including market conditions and investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100