UBS Highlights Plains All American (PAA) Growth Projects and Capital Expansion
Key takeaways
- UBS Highlights Plains All American (PAA) Growth Projects and Capital Expansion Sheryar Siddiq Wed, July 1, 2026 at 10:58 PM GMT+7 2 min read PAA UBSG.SW Plains All American Pipeline, L.P.
- The additional budget is being driven by numerous expansion plans in the company's Permian long-haul, Canadian gathering, and Permian gathering operations.
- UBS sees increased growth capital as a plus, noting that it will propel incremental profitability at a competitive rate of return.
UBS Highlights Plains All American (PAA) Growth Projects and Capital Expansion Sheryar Siddiq Wed, July 1, 2026 at 10:58 PM GMT+7 2 min read PAA UBSG.SW Plains All American Pipeline, L.P. (NASDAQ:PAA) ranks among the top NASDAQ stocks for retirement. Following the company's disclosure of enhanced capital expenditure for 2026, UBS restated its Buy rating and $25 price target for Plains All American Pipeline, L.P. (NASDAQ:PAA) on June 16. Plains All American Pipeline, L.P. (NASDAQ:PAA) estimates growth capital spending to increase to $400 million to $450 million net to PAA by this year, a rise from around $350 million.
The additional budget is being driven by numerous expansion plans in the company's Permian long-haul, Canadian gathering, and Permian gathering operations. UBS observed that the global setting for oil has grown stronger since the beginning of the year, and client activity and demand have enabled the company to go forward with many high-return projects.
UBS sees increased growth capital as a plus, noting that it will propel incremental profitability at a competitive rate of return. UBS feels Plains All American Pipeline, L.P. (NASDAQ:PAA) continues to prove the bears wrong by exhibiting its organic growth potential.