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

• Plains All American Pipeline LP PAA.OQ reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 29 cents to 43 cents per share.

• Revenue fell 11.3% to $12.01 billion from a year ago; analysts expected $14.14 billion.

• Plains All American Pipeline LP's reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of $150 million.

• Plains All American Pipeline LP shares had fallen by 2.5% this quarter and gained 4.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 32% in the last three months.​

• In the last 30 days, thirteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "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 "buy."

• Wall Street's median 12-month price target for Plains All American Pipeline LP is $20.50, about 12.8% above its last closing price of $17.87

This summary was machine generated from LSEG data August 8 at 01:30 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)