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Stock Market & Financial Investment News

News Breaks
January 7, 2013
05:40 EDTPAAPlains All American raises midpoint view of 2013 adjusted EBITDA by about 5%
Concurrent with Q4 and FY12 earnings announcement in early February, the Partnership expects to increase the midpoint of its 2013 guidance for adjusted EBITDA by approximately 5% over the $1.925B preliminary adjusted EBITDA midpoint guidance provided in early November. Based on the midpoint measures of targeted distribution growth and adjusted EBITDA guidance, management expects distribution coverage for 2013 to be approximately 120%.
News For PAA From The Last 14 Days
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November 13, 2014
19:04 EDTPAARose Rock-operated White Cliffs Pipeline expands capacity
White Cliffs Pipeline, owned by subsidiaries of Rose Rock (RRMS), Plains All American Pipeline,(PAA), Western Gas Partners (WES) and Noble Energy (NBL), plans to expand capacity on its existing system to facilitate increasing shipments of crude oil from the DJ Basin to the Cushing hub. Once the Expansion Project is fully operational, the capacity of the White Cliffs Pipeline will increase from 150K barrels/day to a maximum of approximately 215K barrels/day. The Expansion Project is expected to be complete by the end of 3Q15. Following completion, Rose Rock Midstream, L.P. will continue operating the White Cliffs Pipeline.

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