Plains All American Pipeline and Plains GP Holdings Announce Timing of Third-Quarter 2022 Earnings & Quarterly Earnings Timing for 2023

Rhea-AI Summary

Plains All American Pipeline, L.P. (PAA) will release its third-quarter 2022 earnings on November 2, 2022, after market close. A webcast to discuss earnings, capitalization, liquidity, and financial guidance will occur the same day at 5:30 p.m. ET. Additionally, PAA and Plains GP Holdings (PAGP) have outlined their earnings release schedule for 2023, indicating a structured approach to quarterly reporting. PAA is a significant player in midstream energy, handling over 7 million barrels of crude oil and NGL daily.

Positive

• PAA to schedule earnings release and webcast, providing transparency and investor engagement.
• PAA handles over 7 million barrels per day, indicating strong operational capacity.

Negative

• None.

HOUSTON, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced they will release third-quarter 2022 earnings after market close on Wednesday, November 2, 2022 and will hold a joint webcast on the same day as follows:

What: Third-quarter 2022 earnings webcast

When: Wednesday, November 2, 2022 5:30 p.m. ET; 4:30 p.m. CT

Where: www.plains.com or https://edge.media-server.com/mmc/p/u9gkztmh

How: Live over the internet – log on at either of the addresses above

Specific items we intend to address on the call include:

1. PAA's third-quarter 2022 performance;
2. Capitalization and liquidity; and
3. Financial and operating guidance
   

The slide presentation accompanying the conference call materials will be posted prior to the call at www.plains.com under the “Investor Relations” sections of the website (Navigate to: Investor Relations / either “PAA” or “PAGP” / News & Events / Quarterly Earnings).

An audio replay will be available on the website after the call. Additionally, a transcript will be included within the 3Q22 Earnings Package found within the “Investor Kit” section of the above referenced website.

PAA and PAGP also announced plans to release quarterly earnings and hold their earnings webcasts and conference calls during 2023 according to the following schedule:

• Fourth-Quarter and Full-Year 2022 Earnings - Wednesday, February 8, 2023:
  • Earnings release to be issued after Nasdaq market close; webcast and conference call to be held at 5:30 p.m. ET

• First-Quarter 2023 Earnings – Wednesday, May 3, 2023:
  • Earnings release to be issued after Nasdaq market close; webcast and conference call to be held at 5:30 p.m. ET

• Second-Quarter 2023 Earnings – Wednesday, August 2, 2023:
  • Earnings release to be issued after Nasdaq market close; webcast and conference call to be held at 5:30 p.m. ET

• Third-Quarter 2023 Earnings – Wednesday, November 1, 2023:
  • Earnings release to be issued after Nasdaq market close; webcast and conference call to be held at 5:30 p.m. ET

The dates and times reflected above are subject to change. Any timing updates along with participation instructions for the webcasts will be provided via press release prior to each quarterly earnings announcement.

PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. On average, PAA handles more than 7 million barrels per day of crude oil and NGL.

PAGP is a publicly traded entity that owns an indirect, 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.

PAA and PAGP are headquartered in Houston, Texas. More information is available at www.plains.com.

Contact:        

Michael Gladstein
Director, Investor Relations
(866) 809-1291

Michael Millik
Manager, Investor Relations
(866) 809-1291

FAQ

When will PAA release its third-quarter 2022 earnings?

PAA will release its third-quarter 2022 earnings on November 2, 2022.

What time is the PAA third-quarter 2022 earnings webcast?

The webcast will be held at 5:30 p.m. ET on November 2, 2022.

Where can I find the PAA earnings presentation?

The earnings presentation will be available on PAA's website under the 'Investor Relations' section.

What does PAA do?

PAA owns and operates midstream energy infrastructure, providing logistics services for crude oil and natural gas liquids.

How many barrels does PAA handle daily?

PAA handles over 7 million barrels per day of crude oil and NGL.