• Plains All American Pipeline LP PAA.OQ reported quarterly adjusted earnings of 39 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 29 cents to 53 cents per share.

• Revenue rose 0.1% to $12.01 billion from a year ago; analysts expected $14.14 billion.

• Plains All American Pipeline LP's reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of $343 million.

• Plains All American Pipeline LP shares had fallen by 15.3% this quarter and lost 0.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 9 "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 $21.00

This summary was machine generated from LSEG data May 9 at 01:31 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)