3 stories mentioning PAGP
Every FINWIRES story that references PAGP, newest first.
Plains GP (PAGP) has an average rating of overweight and mean price target of $24, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Canadian energy infrastructure company Keyera on Thursday reported average Q1 gross processing throughput for its gathering and processing segment of 1.752 billion cubic feet per day, up from 1.59 bcf/d in the corresponding quarter last year.Net processing throughput for the segment for the quarter ended March 31 stood at 1.55 bcf/d, up from 1.44 bcf/d in the year-ago period.For its liquids infrastructure segment, the company reported gross processing throughput of 186,000 barrels per day, down from 196,000 b/d in the year-ago period.Net processing throughput for the liquids infrastructure segment was reported at 105,000 b/d, compared with 113,000 b/d in the same quarter last year.In Q1, the marketing segment reported sales volumes of 214,800 b/d, down from 220,800 b/d last year.The company said repairs have been completed at its Alberta EnviroFuels facility following an outage. The company is also completing a six-week turnaround at the plant, originally planned for fall this year.The facility is expected to return to full operating capacity by the end of this month.Keyera further said that it has successfully closed its acquisition of the Canadian natural gas liquids business from Plains All American Pipeline (PAA) and Plains GP (PAGP). The deal was valued at CA$5.15 billion ($3.77 billion) when disclosed in June last year, according to a statement from the sellers then.Price: $22.03, Change: $+0.14, Percent Change: +0.63%
Energy stocks were leaning lower premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.1%.The United States Oil Fund (USO) was down 1.2% and The United States Natural Gas Fund (UNG) was 1.8% higher.Front-month US West Texas Intermediate crude oil was 0.1% higher at $94.90 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.4% to $100.45 per barrel, and natural gas futures were up 1.1% at $2.80 per 1 million British Thermal Units.Enbridge (ENB) shares were up 0.4% after the company posted Q1 adjusted earnings and revenue that exceeded analysts' estimates.Devon Energy (DVN) stock was up more than 1% after the company launched a new share repurchase authorization of $8 billion and raised its fixed dividend to $0.320 per share, payable June 30 to shareholders of record as of June 15.Plains GP (PAGP) shares were down more than 2% after the company reported a decline in Q1 net income.