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home / news releases / plains gp holdings reinvigorated 1099 distribution i


PAGP - Plains GP Holdings' Reinvigorated 1099 Distribution Is Backed By Ample Cash Flow

2024-04-30 03:54:55 ET

Summary

  • Returning capital to unitholders is Plains GP Holdings' priority.
  • Recent distribution increases and buybacks validate this prerogative.
  • Hovering around 6%, PAGP's distribution is backed by ample cash flow.
  • PAGP's 1099 distribution has consistently been in the form of ROC, enabling tax deferral if held in a taxable account.
  • The Permian Basin's resources should reward PAGP's past investment to solidify and expand its pipeline and terminal system.

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For further details see:

Plains GP Holdings' Reinvigorated 1099 Distribution Is Backed By Ample Cash Flow
Stock Information

Company Name: Plains GP Holdings L.P.
Stock Symbol: PAGP
Market: NYSE

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