Plains All American Pipeline LP reports results for the quarter ended September 30 - Earnings Summary

Plains All American Pipeline LP

08/11/2024 16:20

* Plains All American Pipeline LP  PAA.OQ  reported
quarterly
adjusted earnings of 37 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 35 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 31 cents
per share. Wall Street expected results to range from 13 cents
to 41 cents per share.
    * Revenue rose 5.6% to $12.74 billion from a year ago;
analysts
expected $13.09 billion. 
    * Plains All American Pipeline LP's reported EPS for the
quarter
was 22 cents​.
    * The company reported quarterly net income of $157 million.
    * Plains All American Pipeline LP shares had risen by 2.4%
this
quarter and gained 17.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
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 $19.65 
This summary was machine generated from LSEG data November 8 at
04:20 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
 Sep. 30 2024      0.31           0.37           Beat
 Jun. 30 2024      0.31           0.31           Met
 Mar. 31 2024      0.39           0.41           Beat
 Dec. 31 2023      0.37           0.42           Beat