PAA - Plains All American Pipeline Non-GAAP EPS of $0.30 beats by $0.10 revenue of $16.36B beats by $2.53B

• Plains All American Pipeline press release ( NASDAQ: PAA ): Q2 Non-GAAP EPS of $0.30 beats by $0.10 .
• Revenue of $16.36B (+64.8% Y/Y) beats by $2.53B .
• “We delivered better than expected second-quarter results and increased our full-year 2022 Adjusted EBITDA guidance by an additional $100 million to plus or minus $2.375 billion, which is $175 million above our initial February guidance, enabling us to achieve the mid-point of our leverage target by year-end 2022, well ahead of our original expectations,” stated Willie Chiang, Chairman and CEO of Plains. “Our increased guidance is driven by higher volumes and higher commodity prices in both our Crude Oil and NGL segments.   We are well positioned to capture growing production, advance multiple optimization opportunities, and generate significant Free Cash Flow over the next several years, giving Plains increased financial flexibility and the ability to enhance cash returned to unitholders.”

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