Plains All American Pipeline (NASDAQ:PAA) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Plains All American Pipeline (NASDAQ:PAA) issued its earnings results on Friday. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07), FiscalAI reports. The business had revenue of $10.57 billion for the quarter. Plains All American Pipeline had a return on equity of 11.04% and a net margin of 2.42%.

Here are the key takeaways from Plains All American Pipeline’s conference call:

• Company set 2026 adjusted EBITDA guidance of $2.75 billion (±$75M) net to Plains with the oil segment midpoint implying ~13% year-over-year crude segment growth.
• Management is executing a strategic shift to a peer-play crude company via the pending NGL divestiture (Q1 close subject to approval) and the EPIC/Cactus 3 acquisition, which they say will improve cash-flow durability and reduce commodity exposure.
• While the NGL sale will modestly reduce headline EBITDA, management expects distributable cash flow to rise ~1% and now anticipates a potential special distribution of ≤ $0.15 per unit after closing (board approval pending).
• Plains targets $100 million of annual run-rate cost savings by end of 2027 (about $50M in 2026) through G&A/OPEX cuts, business simplification and exits of lower-margin activities.
• Capital allocation: a 10% distribution increase to an annual $1.67/unit, coverage threshold lowered from 160% to 150% to support a $0.15-per-unit annual growth target, 2026 CAPEX guidance of $350M growth / $165M maintenance, and expected adjusted free cash flow of ~$1.8 billion to fund debt paydown and distributions.

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock traded down $0.41 during midday trading on Friday, reaching $19.56. 4,749,345 shares of the company’s stock traded hands, compared to its average volume of 3,980,132. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.01 and a current ratio of 1.04. The stock has a market capitalization of $13.80 billion, a P/E ratio of 16.17 and a beta of 0.60. The firm has a 50 day moving average of $18.41. Plains All American Pipeline has a 52 week low of $15.57 and a 52 week high of $20.77.

Wall Street Analyst Weigh In

PAA has been the topic of several recent analyst reports. Zacks Research downgraded Plains All American Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Plains All American Pipeline in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Plains All American Pipeline presently has a consensus rating of “Moderate Buy”.

Plains All American Pipeline Company Profile

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.