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

• 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)