Plains All American Pipeline Raises FY24 Adjusted EBITDA Outlook By $75M To $2.725B-$2.775B
Portfolio Pulse from Benzinga Newsdesk
Plains All American Pipeline (PAA) has raised its FY24 Adjusted EBITDA outlook by $75 million to a new range of $2.725 billion to $2.775 billion. The company also reiterated its full-year 2024 Adjusted Free Cash Flow guidance of $1.55 billion.
August 02, 2024 | 11:37 am
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Plains All American Pipeline (PAA) has increased its FY24 Adjusted EBITDA outlook by $75 million, indicating stronger financial performance. The company also maintained its Adjusted Free Cash Flow guidance, suggesting stable cash flow expectations.
The increase in Adjusted EBITDA outlook suggests improved financial performance, which is likely to positively impact the stock price. The reiteration of the Adjusted Free Cash Flow guidance indicates stable cash flow expectations, further supporting investor confidence.
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