Plains All American Pipeline Q3 Earnings: Revenue Miss, EPS Beat, Revised Annual Outlook & More

Plains All American Pipeline, L.P. (NASDAQ:PAA) reported third-quarter revenue growth of 5.6% year-over-year to $12.743 billion, missing the consensus of $13.087 billion.

Adjusted EPS was 37 cents, up from 35 cents a year ago, beating the consensus of 31 cents.

The company reported an operating income of $347 million, compared to $234 million a year ago. The margin expanded by 80 bps to 2.7%.

The adjusted EBITDA attributable to PAA remained relatively flat on year at $659 million.

The Crude Oil Segment Adjusted EBITDA rose 4% YoY to $577 million on higher tariff volumes, escalations, and acquisitions ...