Plains GP (NYSE:PAGP – Get Free Report) issued its quarterly earnings data on Friday. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.11), Zacks reports. Plains GP had a return on equity of 1.15% and a net margin of 0.35%. The firm had revenue of $12.93 billion for the quarter, compared to analyst estimates of $13.70 billion. During the same period in the prior year, the firm posted $0.25 earnings per share.
Plains GP Price Performance
PAGP opened at $18.40 on Friday. Plains GP has a 1 year low of $14.71 and a 1 year high of $20.10. The company’s 50 day simple moving average is $18.71 and its 200 day simple moving average is $18.04. The stock has a market capitalization of $3.63 billion, a PE ratio of 20.91 and a beta of 1.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.88 and a current ratio of 0.97.
Plains GP Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.3175 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.27 annualized dividend and a dividend yield of 6.90%. Plains GP’s payout ratio is currently 144.32%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Plains GP
Plains GP Company Profile
Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks.
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