Plains All American Pipeline LP reports results for the quarter ended December 31 - Earnings Summary

Reuters
07 Feb
Plains All American Pipeline LP reports results for the quarter ended December 31 - Earnings Summary
  • Plains All American Pipeline LP PAA.OQ reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of fifteen analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 23 cents to 48 cents per share.

  • Revenue fell 2.3% to $12.40 billion from a year ago; analysts expected $13.76 billion.

  • Plains All American Pipeline LP's reported EPS for the quarter was a loss of 4 cents​.

  • The company reported a quarterly loss of $27 million.

  • Plains All American Pipeline LP shares had risen by 17.2% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

  • In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell."

  • The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

Wall Street's median 12-month price target for Plains All American Pipeline LP is $22.00

This summary was machine generated from LSEG data February 7 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Dec. 31 2024

0.41

0.42

Beat

Sep. 30 2024

0.31

0.37

Beat

Jun. 30 2024

0.31

0.31

Met

Mar. 31 2024

0.39

0.41

Beat

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