Brief: Plains All American Pipeline- Increased 2021 Forecasted Free Cash Flow After Distributions By $100 Mln To +/- $400 Mln

Plains GP Holdings LP

04/05/2021 21:53

May 4 (Reuters) - Plains All American Pipeline Lp  PAA.O :
    * INCREASED 2021 FORECASTED FREE CASH FLOW AFTER
DISTRIBUTIONS BY
$100 MILLION TO +/- $400 MILLION
    * LOWERED TOTAL 2021 INVESTMENT AND MAINTENANCE CAPITAL
GUIDANCE
BY $65 MILLION, OR 10%
    * MAINTAINED FULL-YEAR 2021 ADJUSTED EBITDA GUIDANCE OF +/-
$2.15
BILLION
    * REMAIN ON TRACK TO ACHIEVE 2021 ASSET SALES TARGET OF +/-
$750
MILLION
    * PLAINS ALL AMERICAN PIPELINE - INCREASINGLY CONSTRUCTIVE
IN
OUTLOOK FOR GLOBAL ENERGY DEMAND RECOVERY, SUPPLY RESPONSE TO
BUILD MOMENTUM THROUGH 2022
    * QTRLY DILUTED ADJUSTED NET INCOME PER COMMON UNIT $0.25
    * QTRLY PLAINS ALL AMERICAN PIPELINE NET INCOME PER COMMON
UNIT
$0.51
    * QTRLY PLAINS ALL AMERICAN PIPELINE, L.P. AND SUBSIDIARIES
REVENUE $8,383 MILLION VERSUS $8,269 MILLION
    * Q1 EARNINGS PER SHARE VIEW $0.25, REVENUE VIEW $6.96
BILLION --
REFINITIV IBES DATA
    * SEES FY 2021 ADJUSTED NET INCOME PER COMMON UNIT $0.98
    * FY2021 EARNINGS PER SHARE VIEW $1.16 -- REFINITIV IBES
DATA

Source text for Eikon:  ID:nGNX8FmhNW 
Further company coverage:  PAA.O 

 ((Reuters.Briefs@thomsonreuters.com;))