Plains All American Pipeline, L.P. (NYSE:PAA) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, PAA is expected to report 2Q20 income of $ 0.28 per share from revenue of $ 6661.44 million.
For the full year, analysts anticipate top line of $ 28129.10 million, while looking forward to income of $ 0.53 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.44 ~ $ 1.44 per share
Click Here For More Historical Outlooks Of Plains All American Pipeline, L.P.
Previous Quarter Performance
Plains All American Pipeline, L.P. outlined income for the first quarter of $ 0.55 per share, from the revenue of $ 8,269.00 million. The quarterly earnings shrunk 54.17 percent while revenues fell 8.29 percent compared with the same quarter last year.
According to street consensus, PAA was expected to report 1Q20 income of $ 0.45 per share from revenue of $ 9014.34 million. The bottom line results beat street analysts by $ 0.1 or 22.22 percent, at the same time, top line results fell short of analysts by $ 745.34 million or 8.27 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Plains All American Pipeline, L.P.
Stock Performance
According to the previous trading day, closing price of PAA was $ 8.16, representing a 172.00 % increase from the 52 week low of $ 3.00 and a 64.23 % decrease over the 52 week high of $ 22.81.
The company has a market capital of $ 5.94 billion and is part of the Energy sector and Oil & Gas Midstream industry.
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Recent Analyst recommendations
- On 30th June 2020, initiated by TD Securities at Buy rating, with $ 17.00 target price.
Conference Call
Plains All American Pipeline, L.P. will be hosting a conference call at 5:30 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.plainsallamerican.com
Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges.
