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

Plains All American Pipeline LP

03/11/2023 13:31

* Plains All American Pipeline LP  PAA.OQ  reported
quarterly
adjusted earnings of 35 cents​​ per share for the quarter ended
in September, higher than the same quarter last year, when the
company reported EPS of 33 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 26 cents
per share. Wall Street expected results to range from 19 cents
to 41 cents per share.
    * Revenue fell 15.8% to $12.07 billion from a year ago;
analysts
expected $14.49 billion. 
    * Plains All American Pipeline LP's reported EPS for the
quarter
was 20 cents​.
    * The company reported quarterly net income of $203 million.
    * Plains All American Pipeline LP shares had risen by 3.7%
this
quarter and gained 35.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.1%
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 11 "strong buy" or "buy," 7
"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 $17.00 
This summary was machine generated from LSEG data November 3 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.26           0.35           Beat
 Jun. 30 2023      0.24           0.25           Beat
 Mar. 31 2023      0.36           0.41           Beat
 Dec. 31 2022      0.34           0.33           Missed