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

Plains All American Pipeline LP

02/08/2024 14:31

* Plains All American Pipeline LP  PAA.OQ  reported
quarterly
adjusted earnings of 31 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 25 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 31 cents
per share. Wall Street expected results to range from 19 cents
to 44 cents per share.
    * Revenue rose 11.5% to $12.93 billion from a year ago;
analysts
expected $12.84 billion. 
    * Plains All American Pipeline LP's reported EPS for the
quarter
was 26 cents​.
    * The company reported quarterly net income of $180 million.
    * Plains All American Pipeline LP shares had risen by 0.8%
this
quarter and gained 18.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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 $20.00 
This summary was machine generated from LSEG data August 2 at
01:31 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
 Jun. 30 2024      0.31           0.31           Met
 Mar. 31 2024      0.39           0.41           Beat
 Dec. 31 2023      0.37           0.42           Beat
 Sep. 30 2023      0.26           0.35           Beat