Plains GP Holdings LP

NASDAQ:PAGPUnited States

Nov 8, 2024

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• Plains GP Holdings Shares Fall After Q3 Miss, from 1:08PM ET on Friday Nov 08, 2024 by MT Newswires

  1:08PM ET on Friday Nov 08, 2024 by MT Newswires
  Companies Mentioned: PAGP
  01:08 PM EST, 11/08/2024 (MT Newswires) -- Plains GP Holdings (PAGP) shares dropped 3.6% in recent trading Friday after the company reported Q3 results that fell short of market expectations. The company reported Q3 net income of $0.17 per diluted s...

• Plains All American Reports Third-Quarter 2024 Results, from 7:30AM ET on Friday Nov 08, 2024 by Dow Jones

  7:30AM ET on Friday Nov 08, 2024 by Dow Jones
  Companies Mentioned: PAA, PAGP
  at or through the use of our assets and/or the reduction of the margins we can earn or the commercial opportunities that might otherwise be available to us; -- fluctuations in refinery capacity and other factors affecting demand for various grades of crude oil and NGL and resulting changes in pricing conditions or transportation throughput requirements; -- unanticipated changes in crude oil and NGL market structure, grade differentials and volatility (or lack thereof); -- the effects of competition and capacity overbuild in areas where we operate, including downward pressure on rates, volumes and margins, contract renewal risk and the risk of loss of business to other midstream operators who are willing or under pressure to aggressively reduce transportation rates in order to capture or preserve customers; -- negative societal sentiment regarding the hydrocarbon energy industry and the continued development and consumption of hydrocarbons, which could influence consumer preferences and governmental or regulatory actions that adversely impact our business; -- environmental liabilities, litigation or other events that are not covered by an indemnity, insurance or existing reserves; -- the occurrence of a natural disaster, catastrophe, terrorist attack (including eco-terrorist attacks) or other event that materially impacts our operations, including cyber or other attacks on our or our service providers' electronic and computer systems; -- weather interference with business operations or project construction, including the impact of extreme weather events or conditions (including wildfires and drought); -- the impact of current and future laws, rulings, legislation, governmental regulations, executive orders, trade policies, accounting standards and statements, and related interpretations that (i) prohibit, restrict or regulate the development of oil and gas resources and the related infrastructure on lands dedicated to or served by our pipelines or (ii) negatively impact our ability to develop, operate or repair midstream assets; -- negative impacts on production levels in the Permian Basin or elsewhere due to issues associated with (or laws, rules or regulations relating to) hydraulic fracturing and related activities (including wastewater injection or disposal), including earthquakes, subsidence, expansion or other issues; -- the pace of development of natural gas or other infrastructure and its impact on expected crude oil production growth in the Permian Basin; -- loss of key personnel and inability to attract and retain new talent; -- disruptions to futures markets for crude oil, NGL and other petroleum products, which may impair our ability to execute our commercial or hedging strategies; -- the effectiveness of our risk management activities; -- shortages or cost increases of supplies, materials or labor; -- maintenance of our credit ratings and ability to receive open credit from our suppliers and trade counterparties; -- the successful operation of joint ventures and joint operating arrangements we enter into from time to time, whether relating to assets operated by us or by third parties, and the successful integration and future performance of acquired assets or businesses; -- the availability of, and our ability to consummate, acquisitions, divestitures, joint ventures or other strategic opportunities; -- the refusal or inability of our customers or counterparties to perform their obligations under their contracts with us (including commercial contracts, asset sale agreements and other agreements), whether justified or not and whether due to financial constraints (such as reduced creditworthiness, liquidity issues or insolvency), market constraints, legal constraints (including governmental orders or guidance), the exercise of contractual or common law rights that allegedly excuse their performance (such as force majeure or similar claims) or other factors; -- our inability to perform our obligations under our contracts, whether due to non-performance by third parties, including our customers or counterparties, market constraints, third-party constraints, supply chain issues, legal constraints (including governmental orders or guidance), or other factors or events; -- the incurrence of costs and expenses related to unexpected or unplanned capital or maintenance expenditures, third-party claims or other factors; -- failure to implement or capitalize, or delays in implementing or capitalizing, on investment capital projects, whether due to permitting delays, permitting withdrawals or other factors; -- tightened capital markets or other factors that increase our cost of capital or limit our ability to obtain debt or equity financing on satisfactory terms to fund additional acquisitions, investment capital projects, working capital requirements and the repayment or refinancing of indebtedness; -- the amplification of other risks caused by volatile or closed financial markets, capital constraints, liquidity concerns and inflation; -- the use or availability of third-party assets upon which our operations depend and over which we have little or no control; -- the currency exchange rate of the Canadian dollar to the United States dollar; -- inability to recognize current revenue attributable to deficiency payments received from customers who fail to ship or move more than minimum contracted volumes until the related credits expire or are used; -- significant under-utilization of our assets and facilities; -- increased costs, or lack of availability, of insurance; -- fluctuations in the debt and equity markets, including the price of our units at the time of vesting under our long-term incentive plans; -- risks related to the development and operation of our assets; and -- other factors and uncertainties inherent in the transportation, storage, terminalling and marketing of crude oil, as well as in the processing, transportation, fractionation, storage and marketing of NGL as discussed in the Partnerships' filings with the Securities and Exchange Commission.