Plains All American Pipeline LP reports results for the quarter ended in June - Earnings Summary

Plains All American Pipeline LP

04/08/2023 14:33

* Plains All American Pipeline LP  PAA.OQ  reported
quarterly
adjusted earnings of 25 cents​​ per share for the quarter ended
in June. The mean expectation of fourteen analysts for the
quarter was for earnings of 24 cents per share.
    * Revenue fell 29.1% to $11.60 billion from a year ago;
analysts
expected $15.24 billion. 
    * Plains All American Pipeline LP's reported EPS for the
quarter
was 33 cents​.
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Plains All American Pipeline LP shares had risen by 4.4%
this
quarter and gained 25.2% so far this year.
    * The company reported quarterly net income of $227 million.
    * Wall Street's median 12-month price target for Plains All
American Pipeline LP is $16.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.24           0.25           Beat
 Mar. 31 2023      0.36           0.41           Beat
 Dec. 31 2022      0.34           0.33           Missed
 Sep. 30 2022      0.26           0.33           Beat