Plains All American Pipeline LP expected to post earnings of 31 cents a share - Earnings Preview

Plains All American Pipeline LP

31/07/2024 15:08

* Plains All American Pipeline LP  PAA.OQ   PAA.O  is
expected
to show a rise in quarterly revenue when it reports  results on
August 2 for the period ending June 30 2024
    * The Houston Texas-based  company is expected to report a
10.6% increase in revenue to $12.836 billion from $11.6 billion
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Plains All American
Pipeline
LP is for earnings of 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Plains All
American Pipeline LP is $20.00​, above​ its last closing price
of $18.61. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.40        0.39       0.41      Beat    5.5
 Dec. 31 2024  0.37        0.37       0.42      Beat    13.9
 Sep. 30 2023  0.26        0.26       0.35      Beat    34.9​
 Jun. 30 2023  0.24        0.24       0.25      Beat    3.1
 ​​Mar.        0.35        0.36       0.41      Beat    15.3
 31 2023                                                
 Dec. 31 2022  0.32        0.34       0.33      Missed  -3.3​
 Sep. 30 2022  0.27        0.26       0.33      Beat    25.7
 Jan. 1 0001   0.24        0.20       0.30      Beat    49.5
 This summary was machine generated July 31 at 14:08 GMT.  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)