Plains All American Pipeline (NYSE:PAA) Posts Quarterly Earnings Results, Misses Estimates By $0.33 EPS

Plains All American Pipeline (NYSE:PAA) issued its quarterly earnings results on Friday. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.33), Briefing.com reports. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The firm’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share.

Plains All American Pipeline Stock Down 2.9%

Shares of NYSE:PAA opened at $19.40 on Friday. Plains All American Pipeline has a 52-week low of $15.57 and a 52-week high of $20.77. The company has a market capitalization of $13.69 billion, a PE ratio of 26.58 and a beta of 0.60. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The company has a fifty day moving average of $18.42 and a 200-day moving average of $17.63.

Plains All American Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.4175 per share. The ex-dividend date of this dividend is Friday, January 30th. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.38. This represents a $1.67 dividend on an annualized basis and a dividend yield of 8.6%. Plains All American Pipeline’s payout ratio is presently 100.60%.

Wall Street Analyst Weigh In

PAA has been the subject of several analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $22.00 price objective (down from $24.00) on shares of Plains All American Pipeline in a report on Friday, October 24th. Bank of America downgraded Plains All American Pipeline from a “neutral” rating to an “underperform” rating and set a $19.00 price target for the company. in a research note on Wednesday, January 28th. Mizuho set a $23.00 price objective on shares of Plains All American Pipeline in a research report on Friday, January 23rd. Morgan Stanley raised their target price on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Plains All American Pipeline in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.40.

Key Stories Impacting Plains All American Pipeline

Here are the key news stories impacting Plains All American Pipeline this week:

• Positive Sentiment: Management guided to a 2026 adjusted EBITDA midpoint of $2.75 billion and announced cost‑saving and synergy plans (≈$100M savings through 2027 plus ~$50M Cactus III synergies), which support medium‑term cash generation. Plains All American Reports Fourth-Quarter and Full-Year 2025 Results
• Positive Sentiment: The partnership delivered strong GAAP net income and adjusted EBITDA on a full‑year basis (Q4 net income attributable to PAA $342M; Q4 adjusted EBITDA attributable to PAA $738M; FY adjusted EBITDA ~$2.83B), providing some fundamental support for distributions. Plains All American Pipeline Reports Strong Fourth-Quarter and Full-Year 2025 Results Alongside 2026 Guidance
• Positive Sentiment: Plains GP Holdings likewise reported strong results and raised its distribution, reinforcing the parent/GP narrative around returning cash to unitholders. Plains GP Holdings Reports Strong 2025 Results, Raises Distribution
• Neutral Sentiment: Management lowered the distribution coverage ratio threshold from 160% to 150% — this can enable faster distribution growth but reduces the historical cushion; investors will watch coverage and cash flow closely. Plains All American Reports Fourth-Quarter and Full-Year 2025 Results
• Neutral Sentiment: The planned sale of the Canadian NGL business (expected to close late Q1 2026) is a key balance‑sheet/cash‑proceeds event — it should reduce pro forma leverage once completed but creates near‑term execution risk. Plains All American Reports Fourth-Quarter and Full-Year 2025 Results
• Negative Sentiment: Q4 headline EPS missed expectations (reported $0.17 vs. consensus ~$0.50) and revenue fell ~12.2% year‑over‑year — the earnings miss is the primary driver of the near‑term share weakness. Plains All American Q4 Earnings Miss Estimates, Sales Decline Y/Y
• Negative Sentiment: Adjusted free cash flow was deeply negative in the period (large outflows tied to acquisitions including Cactus III), and pro‑forma leverage rose (~3.9x year‑end). Those cash‑flow and leverage metrics increase execution and refinancing sensitivity until the NGL sale closes. Plains All American Pipeline Reports Strong Fourth-Quarter and Full-Year 2025 Results Alongside 2026 Guidance
• Negative Sentiment: Analyst/fin‑media previews and valuation pieces highlight recent momentum but note that Q4 misses and cash‑flow dynamics raise near‑term downside risk vs. previous multi‑year gains. Assessing Plains All American Pipeline (PAA) Valuation As Recent Momentum Outpaces Longer Term Returns

Institutional Trading of Plains All American Pipeline

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in shares of Plains All American Pipeline by 759.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 31,006 shares of the pipeline company’s stock valued at $529,000 after purchasing an additional 27,398 shares in the last quarter. Advisory Services Network LLC acquired a new position in Plains All American Pipeline in the third quarter valued at approximately $145,000. Fulcrum Asset Management LLP bought a new position in shares of Plains All American Pipeline during the 3rd quarter worth approximately $50,000. Greenline Partners LLC grew its position in shares of Plains All American Pipeline by 51.7% during the 3rd quarter. Greenline Partners LLC now owns 27,508 shares of the pipeline company’s stock worth $469,000 after buying an additional 9,375 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in shares of Plains All American Pipeline by 30.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 18,987 shares of the pipeline company’s stock worth $324,000 after buying an additional 4,390 shares during the period. 41.78% of the stock is currently owned by institutional investors.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. (NYSE: PAA) is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership’s integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American’s services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.