Plains All American Pipeline, L.P. (NYSE:PAA) Oil and Gas pipeline transportation firm, is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.33 per share.
For the full year, analysts predict revenues of $ 22502.30 million, while looking forward to loss of $ 0.8 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.49 ~ $ 1.49 per share
Click Here For More Historical Outlooks Of Plains All American Pipeline, L.P.
Previous Quarter Performance
Plains All American Pipeline, L.P. posted income for the second quarter of $ 0.25 per share, from the revenue of $ 3,225.00 million. The quarterly earnings fell 53.70 percent compared with the same quarter last year. Wall street analysts are predicting, PAA to report 2Q20 income of $ 0.28 per share from revenue of $ 6661.44 million. The bottom line results missed street analysts by $ 0.03 or 10.71 percent, at the same time, top line results fell short of analysts by $ 3 million or 51.59 percent.
Stock Performance
On Friday, shares of Plains All American Pipeline, L.P. has traded high as $ 6.32 and has cracked $ 5.87 on the downward trend, reaching $ 6.25 with volume of 5.15 million shares.
According to the previous trading day, closing price of $ 6.25, representing a 105.00 % increase from the 52 week low of $ 3.00 and a 68.97 % decrease over the 52 week high of $ 19.82.
The company has a market capital of $ 4.55 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 25th September 2020, upgraded by Morgan Stanley to Overweight from Underweight rating.
Conference Call
Plains All American Pipeline, L.P. will be hosting a conference call at 5:30 PM eastern time on 2nd November 2020, to discuss its 3Q20 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.
