Permian Crude Production Growth
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Business & Economics
Plains GP Holdings LP (PAGP) Q4 2024 Earnings Call Highlights: Strong Performance and Strategic ...

89% Informative
Plains GP Holdings LP (NASDAQ:PAGP) exceeded its expectations for the fourth quarter and full year 2024 , with adjusted EBITDA of $729 million and $2.78 billion respectively, surpassing initial guidance by approximately $105 million .
Permian Crude Production: Expected to grow to 300,000 barrels a day in 2025 .
- Annual Distribution Increase: $ 0.25 per unit increase, bringing the annual distribution to $ 1.52 per unit, representing a yield of approximately 7.5% .
- Noncash Impairment Charge: $140 million related to two US NGL terminal assets.
- Jeremy Goebel, Chief Commercial Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus ..
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