Seeking Alpha
16 Jun 2026, 03:57 UTC · 20w ago
Plains All American: Pipeline Gem With A 7% Yield
Impact · against what's priced in
PAA shows strong momentum with record projected EBITDA and a high yield, though its premium valuation relative to peers limits immediate upside. The strategic shift to a Permian-focused crude play provides a clear growth trajectory that may justify the current valuation premium.
- PAA+0.50
No priced-in read yet
- In context
The expectation of record adjusted EBITDA of $2.7B and a 7.6% yield provide strong fundamentals, although the stock's premium EV/EBITDA relative to peers suggests some of this quality is already reflected in the price.
Read from the article alone
Search tags
