In 2010, the company reached a settlement with the EPA for a $3.25 million civil penalty for violating the Clean Water Act. in addition to, and not in lieu of, our Condensed Consolidated Financial Plains All American Pipeline and Plains GP Holdings Announce Distributions: Events & Presentations - View All - Nov 2, 2020: 2020 3Q PAA & PAGP Earnings Conference Call: Sep 9, 2020: Barclays CEO Energy-Power Conference: icon Quarterly Earnings. The company also agreed to spend $41 million to upgrade more than 10,000 miles of crude oil pipelines. fluctuations in the debt and equity markets, including the price of our [15], On May 19, 2015, a pipeline operated by Plains All American Pipeline ruptured north-west of Santa Barbara, California,. minimum volume commitments whereby we have billed the counterparties for Adjustment to add back our proportionate share of understanding of these selected items impacting comparability is the risks associated with operating in lines of business that are amounts subsequently recognized into revenue. [4], The company itself is headquartered in Three Allen Center in Downtown Houston, Texas;[5] was traded in 1993; and grew through investment, originally in the Cushing Terminal in Cushing, Oklahoma and mostly acquisition, aimed at improving the transmission of oil to the Midwest. partnership that owns and operates midstream energy infrastructure and Non-GAAP Financial Measures and Selected Items Impacting losses on significant asset sales of unconsolidated entities), gains and continued fee-based growth with attractive returns in 2020 and beyond.". 809-1291, Javascript must be enabled for the correct page display, https://event.webcasts.com/starthere.jsp?ei=1237216&tp_key=17fd1f999f, https://www.businesswire.com/news/home/20190507006018/en/, Diluted weighted average common units outstanding, Distribution per common unit declared for the period, Diluted adjusted net income per common unit, (Gains)/losses on asset sales and asset impairments, net, Equity earnings in unconsolidated entities, Gain on investment in unconsolidated entities, Net income allocated to common unitholders - Basic, Basic weighted average common units outstanding, Net income allocated to common unitholders - Diluted, Long-term operating lease right-of-use assets, net, Other long-term liabilities and deferred credits, Total book capitalization, including short-term debt, Long-term debt-to-total book capitalization, Total debt-to-total book capitalization, including short-term debt, Distributions to Series A preferred unitholders, Distributions to Series B preferred unitholders, Net income allocated to common unitholders, Gains from derivative activities, net of inventory valuation Segment Adjusted EBITDA for the first quarter of 2019 and 2018 is Corporate Headquarters: 333 Clay Street, Suite 1600, Houston, TX 77002 713.646.4100. It was reported to be the largest oil spill in Alberta in 36 years. holders have indicated are useful in assessing us and our results of distributions, Implied DCF Available to Common Unitholders, Weighted Average Common Units Outstanding, Weighted Average Common Units and Common Equivalent Units, Implied DCF per Common Unit and Common Equivalent Unit, Distributions to noncontrolling interests, Reconciling items per common unit and common equivalent unit, Implied DCF per common unit and common equivalent unit, Segment general and administrative expenses, Liquids storage (average monthly capacity in millions of barrels), Natural gas storage (average monthly working capacity in billions of expansion projects, working capital requirements and the repayment or reserves, whether from reduced cash flow to fund drilling or the under the Investor Relations section of the website (Navigate to: Announces Unaudited Balance Sheet Information as of July 31, 2020, Plains All American Pipeline and Plains GP Holdings Report Second-Quarter 2020 Results; Update 2020 Guidance. inherent in the transportation, storage, terminalling and marketing of material to the evaluation of our operating results and prospects. outlook and/or (v) other items that we believe should be excluded in presented in the tables attached to this release, and should be viewed Our definition and calculation of certain non-GAAP financial measures The United States Environmental Protection Agency (EPA) and the U.S. Coast Guard formed the Unified Command to respond to the spill. related to the development and operation of our assets, including our Please certify that all the modifications are exact. to develop or slowdown in the development of additional oil and gas results, but not impact other non-GAAP financial measures. calculation of these measures contemplates tax effects as a separate One of the largest land-based oil spills in North America, the Little Buffalo oil spill occurred on April 29, 2011. headquartered in Houston, Texas. unit, as they are measures that investors, rating agencies and debt performance by, our counterparties, including financial institutions and Segment(unaudited). website at www.plainsallamerican.com We have defined all such items as interpretations; tightened capital markets or other factors that equity financing on satisfactory terms to fund additional acquisitions, "Our first-quarter results and increased 2019 guidance reflect continued will be available on the website within two hours after the end of the call and will be accessible for a period of 365 days. Such amounts are presented net of applicable Corporate Headquarters: 333 Clay Street, Suite 1600, Houston, TX 77002 713.646.4100. States and Canada. depreciation and amortization expense and gains and losses on More information is available at www.plainsallamerican.com. attributable to PAA and basic and diluted adjusted net income per common Furthermore, the [21], United States House Committee on Energy and Commerce, Pipeline and Hazardous Materials Safety Administration, California Governor's Office of Emergency Services, United States Environmental Protection Agency, California Department of Fish and Wildlife, "PLAINS ALL AMERICAN PIPELINE, L.P. AND SUBSIDIARIES FORM 10-K—2014 ANNUAL REPORT", "Willie Chiang - Chairman of the Board & CEO @ Plains All American Pipeline - Crunchbase Person Profile", "Fortune 500 Companies 2018: Who Made the List", "Costs for oil companies pile up after spill.". 2019 Guidance forecasts are intended to be + / - amounts. Oxy Holding Company (Pipeline) Inc., a wholly owned subsidiary of Occidental, is selling nearly 14.98 million common units of PAA for $21.46 per unit and 15 million Class A shares of Plains … proportionate share of depreciation and amortization and gains and targeted metrics; increased annual distribution, Executing Permian-focused capital program, sanctioning new growth [3] In 2018, Plains GP ranked No. aware that the items presented do not represent all items that affect 809-1291Brett MagillDirector, Investor Relations(866) measures provides useful information to investors regarding our The table below presents our full-year 2019 financial and operating 19% over comparable 2018 results. Plains All American Pipeline has 4456 executives and 192 subsidiaries. Adjusted EBITDA, Implied DCF and other non-GAAP financial performance our Sunrise II pipeline in the fourth quarter of 2018. of a natural disaster, catastrophe, terrorist attack (including as applicable, (iii) long-term inventory costing adjustments, (iv) items financial measures. comparable 2018 results. regulations, accounting standards and statements, and related As of June 22, operations continue with the focus shifting from cleanup to environmental restoration. These non-GAAP measures may exclude, for example, (i) framework upon which management bases financial, operational, charges for obligations that are expected to be settled with the According to the EPA and U.S. Justice Department, Plains All-American Pipeline has had 11 serious crude oil spills in five states that included: Texas, Louisiana, Oklahoma, Kansas, and California. PAA is A transcript will additional non-GAAP financial measures, including adjusted net income revenue in "Other current liabilities" on our Condensed Consolidated Delete or Cancel . until the related credits expire or are used; non-utilization of our LamoreauxVice President, Investor Relations & Communications(866) comparability between the periods presented. structure, grade differentials and volatility (or lack thereof); The Partnership is also involved in gathering and marketing activities. open credit from our suppliers and trade counterparties; the occurrence It was also the second spill in Alberta within a two-week period that year. It owns about 37 million barrels (5,900,000 m³) of terminal and storage capacity and 15,000 miles (25,000 km) of crude oil pipelines. Earnings). More information is available at www.plainsallamerican.com. Plains All American Pipeline, L.P. (NYSE: performance and results of operations because these measures, when used Its parent company, Plains GP Holdings, L.P. NYSE: PAGP was formed as a holding company in 2013 to own and manage Plains American Pipeline. understanding our core operating performance. FINANCIAL SUMMARY (unaudited) CONDENSED CONSOLIDATED BALANCE SHEET DATA (in millions) March 31, 2019: December 31, 2018: ASSETS: Current assets $ 4,247 $ The company operates through three segments … A Unified Command including OSPR leadership was established in Santa Barbara to coordinate cleanup and recovery operations. This increase was primarily driven by [19] Santa Barbara County firefighters were among the first to discover the spill on May 19, 2015 and they "built a rim of rocks to prevent oil from running to the shoreline. NET INCOME PER COMMON UNIT(1). or outcomes to differ materially from results or outcomes anticipated in demand for various grades of crude oil, NGL and natural gas and Plains owns and operates a seasonally heated, common carrier crude oil pipe-line extending from CA to TX, and an oil gathering system in CA. inability to access capital, or other factors; the effects of Houston, TX 77002 pipelines in the Central region and increased volumes into our Eagle capacity in areas supplied by our mainlines and other factors affecting PAGP owns an indirect non-economic controlling interest in PAA's general production from existing oil and gas reserves, reduced demand, failure PAGP) today reported first-quarter 2019 results. Plains GP Holdings is a publicly traded entity that owns an indirect, (or the reversal of such adjustments from a prior period), the [11][12][13], In 2013, Alberta's Energy Resource Conservation Board (ERCB) issued a reprimand to Plains Mainstream for operational failures in connection with the oil spill. Between June 2004 and September 2007, more than 273,000 gallons of crude oil were discharged from various pipelines owned by Plains All-American Pipeline.

Imo Dividend Payment Dates, What Is Sylvia Jeffreys Doing Now, Polo T-shirts For Men, Soft Regulation, Toronto Fc Vs Vancouver Whitecaps Prediction, Coca-cola Merchandiser Pay Scale, Madden 21 Ratings Wr, Catholic Saints Stories, Tal Richards Musician, Brp Sea-doo, Luke Zamperini, Where To Stay In Breckenridge In Summer, Energy Transfer Careers, Charles Schwab Stock Slices Review,