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

Plains All American Pipeline LP

03/05/2024 14:31

* Plains All American Pipeline LP  PAA.OQ  reported
quarterly
adjusted earnings of 41 cents​​ per share for the quarter ended
in March, identical to the same quarter last year.  The mean
expectation of fourteen analysts for the quarter was
for earnings of 39 cents per share. Wall Street expected
results to range from 21 cents to 47 cents per share.
    * Revenue fell 2.8% to $12.00 billion from a year ago;
analysts
expected $12.98 billion. 
    * Plains All American Pipeline LP's reported EPS for the
quarter
was 29 cents​.
    * The company reported quarterly net income of $203 million.
    * Plains All American Pipeline LP shares had fallen by 1.9%
this
quarter and gained 13.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is  "hold."

Wall Street's median 12-month price target for Plains All
American Pipeline LP is $18.00 
This summary was machine generated from LSEG data May 3 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
 Mar. 31 2024      0.39           0.41           Beat
 Dec. 31 2023      0.37           0.42           Beat
 Sep. 30 2023      0.26           0.35           Beat
 Jun. 30 2023      0.24           0.25           Beat